This is an easy to use system that I'm working on. Other pairs and timeframes are untested. Please try it out and help me improve it!
Settings
EURJPY 15 minutes
Heiken Ashi - default (usually comes with MT4)
SSL - 20
LevelStop Reverse - Period 100, Multiplier 3, Smoothing 60
Laguerre RSI - Gamma 0.75, Levels 0.70 and 0.30
Extra Settings and Charts
Complex - Period1 15, D 2, Levels 5 and -5, Minimum/Maximum -25/25 (Warning: it is very slow to load at first)
EURUSD 15 minutes
USDJPY 15 minutes
Indicator Use
Heiken Ashi is similar to the candlestick chart but smoother, you don't have to use it but I consider it a component of the system. In the template provided it replaces the bar/candlestick/line chart. Note that the longer that wick is on the bottom of the candlestick, the stronger the downtrend and longer it is above the candlestick the stronger the uptrend. The wicks generally show the same highs and lows as a candlestick.
SSL is the faster indicator and like the Parabolic SAR in that it sits above the chart in a downtrend or below in a uptrend.
LevelStop Reverse is used for exits.
Laguerre RSI is the most important indicator and shows the overall trend, a long cross is up through 0.3 and should usually stay above 0.70 throughout the long trend. A short cross is down through 0.70 and should usually stay below 0.30 throughout the short trend. If you're experimenting, keep in mind that the default levels are 0.80 and 0.20.
Complex is usually in a range if the lines are between 5 and -5, might be a good time to tighten stops a bit.
Strategy
As far as I know, any time is a good time to trade, as long as the market isn't too slow or ranging. Just wait for SSL and Laguerre to line up and enter. If you missed the entry, it might be safe to get back in after the SSL crosses back in the right direction if it had crossed the other way.
For now I use a fixed stop loss of 50 pips, and move it up slowly as the trade progresses. I'm manually entering it 120 pips from highest high or lowest low reached during trade and occasionally tightening it a bit if the trade has gone on for a while.
I use the Heiken Ashi because I find it less alarming than regular a candlestick chart.
With the EURUSD and USDJPY charts, adjust them to have the same scale as eachother. The trade is usually better if they are both going in the same direction. So if the EURUSD and USDJPY are both going up, the Euro is going up and the Yen is going down then the trade will be of higher quality.
Images, click for full version
1. A screen from 1.5
http://img527.imageshack.us/img527/6...14smallfb6.gif
http://img212.imageshack.us/img212/2641/9smallql8.jpg