I'm looking at an 8 hr chart from GFT Forex Dealbook Platform. If we used that on this last move we would have shorted at 1.7098 and still be in the same trade. It's only one trade, but it may be worth looking into. That platform does not take an ...

4H 5EMA System

You are welcome! It's the least I can do for someone who has taught me this awesome system for FREE! Since the previous bar has touched both emas and so must be ignored, then this next bar could be a setup bar if it penetrates the upper band by 5 ...

4H 5EMA System

Long at 1.6265. Stop and reverse is 1.6037. We are rising and probably will penetrate the upper ema, so can hopefully raise stop in an hour edit: OK, we penetrated it, so in 45 mins stop will move to: 1.6090. Well that's a little better... Let's ...

4H 5EMA System

Ah, OK! Yes, you are right on!

4H 5EMA System

Yes Steve, that's right. This is the rule about waiting two bars. The next bar would be the third since the low, so all it has to do is break the EMA. So either we get a new low, or we wait 6 hours (or more), or both! I'm very excited about some of ...

4H 5EMA System

There is no pending stop change until we get a new setup bar. The only way that can happen on the current bar is to break the low. When this bar completes in 2 hrs 45 mins, then that would be two bars after the last SU bar, and then all we need is ...

4H 5EMA System

It looks correct to me, as long as your entry buy stop was 5 pips plus spread. I think you have the candles that close at different times, so you had a losing trade while we who watch the Alpari time stayed in.

4H 5EMA System

It broke it's own high and closes in about an hour. So even if it closes on the high we still put our stop and reverse 5+ spread right? I guess we could get in a trade and if it reverses on us the "reversal bar" would not have a higher low if it ...

4H 5EMA System

It's about midnight EST. The current bar broke the lower ema so is a setup bar. It will close in 2 hours. Our stop will go 5 pips plus spread over the high, currently 1.6260, and will lock in a LOT of profit!

4H 5EMA System

Sterling, How often do we get a trade this good? Does it happen on a regular basis or is this the biggest winning trade ever because the markets are crazy? I could grow to like this once a month!

4H 5EMA System

I think I know what I'm doing now. The last bar made a new low and is therefore a setup bar. It's high is 1.6563. add 5 pips plus your spread, mine is four, sterling is 3. So my stop is 1.6572, as is my buy stop for the next trade. Michael

4H 5EMA System

On an MT4 platform it's so easy to set up there is no need for a template. But I like the way Sterling's charts look and wouldn't mind it. Right click on the chart and template "save template" , give it a name. Then, If you go to your program ...

4H 5EMA System

I think it would be great and not much more work to use this system on another pair or two. Anyone done backtesting or have reason to believe that E/J or any other pair is as good as G/U with the system? If volatility is a factor I wonder about ...

4H 5EMA System

Don't anyone risk money on what I say, but the way I understand it now the 4:00 bar is the new setup bar, the high is 1.7197, so 5 pips plus 3 pips spread is 1.7205 as our new stop and reverse? I am setting my new stops now.....

4H 5EMA System

Very Well Worded and much more clear IMHO! Thanks!

4H 5EMA System

Thanks Sterling, Maybe the rules should say somewhere "a setup bar may only be replaced in the following two candles by a lower low (or higher high if we are in a long) than the existing setup bar" If I said that right it clears up a lot for me. -M

4H 5EMA System

We are currently short with our stop and reverse at 1.7268. Here is where I get confused: There are two long down candles that helped our short, the second being the current setup bar. The two bars after that, as of this writing (20:00 and 00:00 ...

4H 5EMA System

Please see Sterlings last chart and explanation. Also consult the rules and the chart before that one BTW, if you have a post and click edit, there is no need for 2 posts in a row....

4H 5EMA System

no, the order should be already in, and it could happen while you are away. That is why you only need check every 4 hours. Right now we are doing really well on this long...

4H 5EMA System

Sterling, Can a reversal bar also be the next setup bar? Like the trade 16 bar with your blue arrow? And the two bars after that one both break the upper? ema. So I'm probably wrong, but shouldn't we have moved our stop up?

4H 5EMA System