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JPY Samurai Breakout Lite — Simple Breakout Indicator for cTrader ⚔️

A lightweight version of the breakout indicator designed for traders who want simplicity and speed.
JPY Samurai Breakout Lite automatically plots the Asian session range and shows clear breakout levels (Buy/Sell, SL, TP) — without extra features or statistics.

✅ Main Features:

  • Automatic Asian session Box with High/Low levels.
  • Optional Mid-line for visual balance.
  • Buy/Sell breakout levels with Stop Loss and Take Profit.
  • Multi-day history view (default: 3 days).
  • Semi-transparent box fill for better visual clarity.
  • Predefined color themes: Dark and Light .

🎯 Perfect for:

  • Traders who want a clean chart setup.
  • Scalpers and intraday traders on JPY pairs (USDJPY, GBPJPY, EURJPY, AUDJPY).
  • Beginners who want to test breakout strategies visually.

⚡ Why Lite?

  • Just breakout levels, clean and ready.
  • No statistics, no complexity.
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How to Use

Take Profit = Box size × Multiplier.

Apply on JPY pairs (USDJPY, GBPJPY, EURJPY, AUDJPY).

Wait until Asian session ends → Box is drawn.

Watch for price breakout:

Above Buy Entry → Long setup.

Below Sell Entry → Short setup.

Stop Loss = opposite side of Box.

JPY Samurai Breakout Lite – Parameters Overview

Session Parameters

Session Start / End

Defines the time window used to build the Asian session breakout box.

  • Default: 00:00–07:00 UTC.
  • All price action between these times is scanned to determine the session High and Low.
  • These levels form the breakout range for the trading day.
  • Adjusting this window changes the box size and placement — for example, some traders prefer Tokyo-only hours, others include Sydney.

History Days

Sets how many previous days are analyzed and drawn.

  • Default: 5.
  • Each day’s box is drawn separately, allowing you to visually compare past breakouts.
  • The statistics panel (Wins, Losses, Avg Range, Win Rate) also uses this value to calculate averages and success rate.
  • Larger values (20–30) show long-term tendencies; smaller values (3–5) focus on recent market behavior.

Extend Lines Right

Controls whether the High, Low, and Mid lines extend beyond the session window.

  • Enabled (true): levels are projected across the entire trading day, making them usable for entries even after the session closes.
  • Disabled (false): levels stop at the end of the Asian session.

Logic Parameters

Entry Offset (pips)

Offsets breakout entry levels above the session High and below the session Low.

  • Purpose: filters out minor wicks and false breakouts.
  • Example: If High = 150.00, Entry Offset = 5 → Buy entry = 150.05.
  • Larger offsets reduce false signals but may miss smaller breakouts. Recommended range: 2–5 pips.

Take Profit Multiplier

Determines the distance of Take Profit targets relative to the box size.

  • Formula: TP = Box Range × Multiplier.
  • Example: Box = 25 pips, Multiplier = 2.0 → TP = 50 pips from entry.
  • Larger multipliers aim for extended runs; smaller multipliers lock in quicker profits.

Stop Loss Placement

Stop Loss is automatically placed beyond the box, slightly offset to avoid overlap with entry levels.

  • Current build: SL = opposite side of box ±1 pip.
  • Even if Entry Offset = 0, SL will still be displaced, ensuring chart clarity.
  • Note: offset is fixed in this version, not a user parameter.

Min / Max Range (pips)

Filters out invalid Asian session boxes.

  • If the box size is too narrow (< Min) → breakout ignored (range considered noise).
  • If the box size is too wide (> Max) → breakout ignored (range considered untradeable).
  • Example: Min = 20, Max = 80.
    • A 10-pip range will be skipped (too small).
    • A 150-pip range will be skipped (too large).
  • Helps avoid unrealistic or low-probability breakouts.

Visibility Parameters

Show Mid Line

Toggles the display of the midpoint between High and Low.

  • Useful for visual balance and sometimes as an intraday support/resistance reference.
  • Not required for entries.

Show Entry Levels

Enables drawing of Buy/Sell entries with corresponding SL and TP levels.

  • On: full breakout strategy shown (Box + Entry + SL + TP).
  • Off: only the session box is displayed, for traders who want to analyze range without execution levels.

Color & Style Parameters

Color Theme

Selects overall color style: Dark, Light, or Custom.

  • Dark/Light: predefined color sets

FAQ – JPY Samurai Breakout Lite