erxgen breakout indicator - five talents trader · erxgen breakout indicator setup instructions....
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ERXGen Breakout IndicatorSetup Instructions
Symbol SuffixEnter suffix if broker uses suffixes. Leave blank if notExamplesEURUSDm >>>> Enter m
Enter GMT Correction in hoursThis is the difference in hours between the MT4 server time and GMT
For exampleServer Time: 13:05GMT: 10:05
Enter: 3
Offset is automatically calculated and should remain constant. It is the difference (in hours) between PC time and GMT
This is the number of hours entered. It should always be equal to ‘Actual’. Ignore decimal point
Server Time.Also known as MT4 Platform Time
Enter No. of Tokyo Hours to monitorPreference is to monitor 6 hours during Asian Session.So, enter 6
Heading ColourThis is the colour of the texts on the matrix.If using a black background chart, change this colour to something else that can be displayed over ‘black’
Show LOB ImagesSelecting ‘True’ displays the Daily Boxes for the past 3 days and also current day’s Asian Session High & Low levels
Show Signal MatrixSelecting ‘True’ displays the matrix for 12 currency pairs showing validity of the 3 RULES that define the system.This saves a lot of analysis time for thetrader – by looking at the matrix the traderknows if/what currency pair has all 3RULES met
Show CommentsSelecting ‘True’ displays comments on the chart.The comments include some important parameters to support the trader’s decisions e.g. validity of 3 RULES, ATR, Asian Session Range, Spread, etc
