Yes, we are: The last closed bar has trigger our long; When it closed, you should have inserted the reverse order, which was sell @ 1.4849, with SL @ 1.5042.

4H 5EMA System

I try to, I try... If I don't answer to something needing an answer, here or on the system's thread, it's certainly because I'm stuck at work without the possibility to make a pause and come here

4H 5EMA System's EA

Hi all, The EA testing revealed 2 problems, identified yesterday, which will be taken care of, as soon as its coder will have time to. I'm sorry, the testing slowed down a little, due to less time available from the testers... the EA is looking ...

4H 5EMA System's EA

Just to be sure you understand it, let me first say that if you're long, you don't "look" for a reversal bar - you look for a setup bar; If you mean when the trade is triggered and then stopped in the same bar, leaving us flat... you look for any ...

4H 5EMA System

teoforex, You can't see the names in the classical term of trading... they are names chosen for this system's rules. It's too hard too explain it to you, at this stage of your learning (of this system); My advice is for you to go to the first few ...

4H 5EMA System

If the buy stop got triggered, when that bar closes, you place a reverse order; Than you said the next bar is a reversal? Don't you mean a reverse? Because reversal bars come after setup bars... but reverse bars are the ones that trigger the SL ...

4H 5EMA System

Well catched, thanks (sometimes I write faster than I think... and believe me, I think fast ) It might have been because I wasn't understanding the point, which I did in the following answer. I'll go and edit that post.

4H 5EMA System

Like we concluded, it's not the bar before 1... it's the bar before that (the long white) Why? Because it has a lower low, and the following two bars fail to trigger the trade (failed reversal bars).

4H 5EMA System

You're welcome I'm "commited" to this thread, helping always that I'm available

4H 5EMA System

I am... follow me on this please: If you open the pic and click it to zoom it, you can perfectly see it has a lower wick than the two next ones - That's the reason for my first observation; Bar 8 is setup bar, so you place SL for the live short & ...

4H 5EMA System

Not exactly... you've missed 2 details

4H 5EMA System

And the one before also, so... see above No reversal... You enter and stopped in the same bar, so you're flat and looking for a new setup bar

4H 5EMA System

Let's see then, if we can sort it out Yes it breaks, but first let me ask you about the bars before it; The long white bar makes a lower low and (without knowing what's before it) would be a setup bar, which means the two following are failed ...

4H 5EMA System

Yes, that's more or less right : Keep in mind that (when long) if a bar makes a higher high but also a lower low than the previous setup bar, it will become the setup bar, even though the SL will be in a "less in favour" position.

4H 5EMA System

Refer to this that I posted some hours ago: url Basically, yes: It would had, without doubt, trigger the buy, because it's not a question of "would it still be considered a reversal bar", since the buy order is there, so the buy is trigger. The ...

4H 5EMA System

Anyway, the current bar (bar #5) has already made a higher high, thus if it doesn't reverse to trigger the trade, it will be the new setup bar, once closed.

4H 5EMA System

You keep it at bar #3; After a setup bar, you have 2 trials to get it triggered, after what you start looking for a fresh setup bar (if none has triggered it).

4H 5EMA System

I think I know what you mean: You only move the SL and pending order when you get a setup bar, yes; And if it's not triggered but you get a "more in favour" setup bar, you change those values, yes.

4H 5EMA System

What do you call setup bars? I ask, because if it's in favor of your trade, it isn't a setup bar; Setup bars are the ones that: - breach the upper ema by 5 pips, when you're flat or long; - breach the lower ema by 5 pips, when you're flat or short.

4H 5EMA System

Yes, exactly. In such bars, the result depends of what direction it goes first - to trigger the trade and then stop it (means reverse previous movement and then resume it), or the opposite (in this case, we're in the reversal, and just correct its ...

4H 5EMA System