hi,
my experience shows that any breakout systems are as good and/or bad as any other so called "system"..more or a less a 50:50 chance for each side. and in range markets (times) you will be caught in buying at highs if you wait for the breakout.
i personally use sometimes the 1h four inside bar breakout (originally you wait 4 bars which must be within the first bar and then open a trade if the next bar (number 6 or any bar later) touches either the low/high of one of the 4 bars), but the opposite way, so i call it now the "counter-breakout-system". so, when the high of one of the four bars has been hit, i go short (not long) and vice versa. exit the position when the lower range has been hit or at the low/high of one of the initially 4 bars. did have more success with that methodology as trading the breakouts. yes, you will be caught when the breakout happens so setting a stoploss is a MUST.
cheers,
555