Lets say we were in a buy and it went 100 pips in are favor and then went and stopped us out and triggered are reversal short order, where does the stop go. It goes 5 pips plus the spread above the high from the time we got in the original buy ...

4H 5EMA System

It should be under the bar labeled #2. This system has its base in support/resistance and since bar #2 bounced off of "support" you want the stop 5 pips below that. You should also have your reversal order there as well. Ive said this in a few post ...

4H 5EMA System

If you backtest this system on the 4H and then do it on the 1H, over time the 4H is more profitable. Im just tryin to help when I say this. Not saying you cant modify a few things, use the one hour and beat the original system, im just saying if you ...

4H 5EMA System

It will trade per the rules and place the reversal order when the reversal bar closes. -Sterling

4H 5EMA System

Id like to thank you also for answering questions...thats eases my load and lets me put more effort into this system. Im always backtesting different variables on this system to make it better and you and others help me make this better for all of ...

4H 5EMA System

Ok well i guess I have to specify more clearly...when I said now we move are stop below the new low I meant when the reversal bar closes. I thought this would have been clear, sorry ill be more specific next time. -Sterling

4H 5EMA System

I think this system needs a little more tweaking before it starts the challenge. Therefore the challenge wont start until Dec 1st. Trust me it has potential but it needs some good minds and tweaking before it has a chance. All in all a very good ...

Sterling Challenge 1

Daily chart is coming up in a bit. Im gonna do it from Hiranya's house (eric) so Ill answer other questions and get that out within an hour. -Sterling

4H 5EMA System

Glad you asked that question. The current setup bar made a lower low right. So now we put the stop below that bar...ive mentioned this before as well. So if the stop for the buy order is there then that is where the reversal order is as well. If you ...

4H 5EMA System

The worst drawdown I have had in the last 2 years was 600 pips which is rather high. But let me put it to you another way. Say this system averages just +500 pips a month, it really averages more. 500 pips times 24 months (2 years) equals 12,000 ...

4H 5EMA System

Your right that bar was a setup bar to go short but the bar that closed the Friday session was a setup bar to go long so when market gapped above that bar we bought at open and then went short after we had a proper setup bar and reversal bar. ...

4H 5EMA System

Yes thats good to see that teaching this method to people is getting threw. Thank you again...its good to have people like you and others in here that really understand the system for the most part. -Sterling

4H 5EMA System

Dude you completely right!!! I cant believe I didnt catch that. I guess thats what taking a month off of trading this system will do to ya. When I actually am placing the orders I dont make mistakes but when I just post charts I guess I miss some ...

4H 5EMA System

Please look at the chart again for the right pip count. I forgot to put trade #13 in there and that was a negative -123 trade. -Sterling

4H 5EMA System

Either way the doji should not have triggered you trade. The rules state 5 pips above and below. In the case of a buy if you just put it 5 pips above it is really only 2 pips because it will buy you at the bid. So you have to put it 5 pips above + ...

4H 5EMA System

Chart bringing us to current — Ok guys im back. After trade #9 we had a closed profit of +411 for the month. Trade #10 was closed for -8 pips Trade #11 was closed for -150 pips Trade #12 was closed for +79 pips Trade #12 is the red line where ...

4H 5EMA System

If I have missed any questions in the last few days that still need to be answered please ask them again and I will answer them all. Im back from my trip now and so the daily charts will resume as normal starting with bringing us up to current and ...

4H 5EMA System

We were not in on the drop down. The bar that triggered the buy also stopped it out. The rules state that you only enter you reversal order in once the reversal bar closes, so we missed the move down. -Sterling

4H 5EMA System

You would have been taken out before the big move down anyway. There was a buy setup bar and then the second bar triggered the buy and stopped us out in the same bar. Since this happened during the same bar we didnt have a reversal trade in and are ...

4H 5EMA System

Unfortunatly we didnt catch the big move down...well not all of it atleast. The 12,4,8 close times might have had more success but im not at home to look right now. As far as the repainting goes ive never seen this before. I no longer have a ...

4H 5EMA System