El Dee, I must correct that (sorry I've been away so long): At the close of bar 3, you put the reverse order (buy stop) at the level where the SL for the current short is - and that is above the setup bar (bar 2); Bar after 6 (not numbered) triggers ...

4H 5EMA System

We keep it there until we have a new setup in the opposite direction; It respects the concept, in the sense that the price is considered to be ranging, while it doesn't come to the lower EMA.

4H 5EMA System

He is not here apparently, but I'm sure that even if he has 5 digit (I do), when he says 658 pips, he means 6580; Even with this change, we still refer to pips as for the 4th digit (old habits die hard ) And I think in Alpari US they are still ...

4H 5EMA System

Nothing has changed, meaning: short entry @ 1.4049; SL & buy stop @ 1.4250; The only change is for the pending buy stop's SL, at the most recent low... meaning @ 1.4019.

4H 5EMA System

Do you mean only the first short (after a big long), or the first trade in general (after a big move, regardless of the direction)? As mentionned, the problem would be to quantify "a big move"; And after that, maybe the solution would be to remove ...

4H 5EMA System

Guys, I didn't make the rules (only learned them), so Sterling and Hiranya should be answering this one; But I guess the thing is this system is made to take every signal... meaning to check the status every 4h and act accordingly; Now if we don't, ...

4H 5EMA System

Yes, that's the current situation (near the SL of 1.4003). Nothing has changed since we talked earlier.

4H 5EMA System

I was afraid you would ask that That case wasn't covered in the previous posts; (That's a strange combination to happen in two consecutives 4H bars ) But I would say, in light of what I explained above, that everything stays the same, the first ...

4H 5EMA System

Yes pitpiter, it's really important What defines new setup bar in a consecutive down row? Making consecutives lower lows. But: "Normal" new setup bar should have lower highs and lower lows; However, sometimes it doesn't - and in those cases, ...

4H 5EMA System

When the short setup bar has closed, you were still in a long, and you've placed a sell stop order and its SL; That order is now filled, and you're short. But the reverse order is only placed when the present bar will close - remember that all the ...

4H 5EMA System

I think you mean 1.4003 But you don't place the buy stop order yet... only when the present bar will be closed.

4H 5EMA System

I can tell you that, for a portuguese, English is an easy language French is tougher... and German would be a nighmare for me to learn So the mother language accounts for the learning skills, too... but there's also cultural issues - when you ...

4H 5EMA System

Yes, but that's also why we have a rule in which setup bars expire after two consecutive failures (to account for indecision, sideway movements). What I said is the rule acording to Sterling. It has happen in the past.

4H 5EMA System

What qualifies a bar as a setup bar for a long (beside going through the ema) is making a lower low; If it makes the same low, but doesn't trigger the buy stop (which is already there since the previous bar's close), everything stays the same. That ...

4H 5EMA System

viktordoktor: According to you chart, you got the rules right, but I see one thing wrong: You don't add the spread on sell orders (those are sell stops & SL from buys). You only add that to the buy orders (buy stops & SL from sells).

4H 5EMA System

Yes, small country by the sea, with good weather (not so much these days) But I was born in France and lived there for 8 years, so I speak French, too (I never stopped practising the language because I have lots of family and friends there). By ...

4H 5EMA System

In this situation, if two bars have the same low and the second bar has a lower high, we use the second bar for the setup to go long (I suppose that's what you mean). What I have is aproximately the same as pitpiter. On Alpari UK (five digit ...

4H 5EMA System

If the bar doesn't make a new low and doesn't trigger the buy order, thus being a failed reversal bar, the buy stop order and the SL on the openned short stay above the previous bar; You don't move them when you get failed reversal bars.

4H 5EMA System

About the latest coments about an EA, to the more recent visitors of this thread: And EA has been coded, but because it followed the rules in the first post, which are confusing, it had some bugs; After El Dee posted his rule's doc, the coder found ...

4H 5EMA System

Just to confirm what Alex said; Bars touching both EMAs are disregarded. So the bar is a setup bar. After it, we had a failed reversal bar, followed by a proper reversal bar, and we are now short.

4H 5EMA System