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Jan Flodin  

Hi, I am Jan, developer of this indicator.

Please feel free to ask me anything about this, or my other products.

Regards,

Jan

jow  
where do you indicate to place stop?
Jan Flodin  
jow:
where do you indicate to place stop?

Hi and thanks for renting my indicator :-)

Please read comment #5 under this link: https://www.mql5.com/en/market/product/23290#!tab=comments

It will provide you with some information how to trade pennants and triangles. Anyway, when a formation has been detected on the H4 time frame a breakout very often makes a quick move of at least 20 pips. So if you are more of a scalper then you could set take profit at that level.

I would like to point out again that signals are very rare and it could sometimes be a week without any signal on the H4 time frame. I trade H4 but you can of course also trade H1 and M30. To trade lower time frames than that does not make any sence.

Jan