This was not a reverse trade, this was a setup trade; Reverse trades are the ones when we get stopped, without being because we had a setup bar; This trade was caused by a setup bar. Anyway, even if we have a stop & reverse trade (the kind we would ...

4H 5EMA System

Yes, the SL will remain there, until a new setup bar to the other direction comes; We have also the reverse order (inserted after the reversal bar has closed), which is sell stop at 1.4671, with SL at 1.4849. (this SL moves up, if we get new highs).

4H 5EMA System

No, it's at 1.4671. It belongs 5 pips below the low of the setup bar.

4H 5EMA System

Buy triggered at 1.4831, SL at 1.4671. We wait until this bar's close to place the reverse order.

4H 5EMA System

Hi all New setup bar formed. SL from current short at 1.4831; buy stop at 1.4831, with its SL placed at 1.4671.

4H 5EMA System

I think I understand what you mean: You're saying that the EA, when attached to a chart for the first time, will start working looking for a setup on the previous bars... only in that case it will immediately enter a live trade. Is it this? That ...

4H 5EMA System's EA

Yes; And if the bar opens above the buy trigger price, you would open long at market price, too.

4H 5EMA System

Yes, that's correct.

4H 5EMA System

Same as above - you re-enter the previous long because nothing has changed (your values are correct). In fact, if you were in a trade before a weekend, you will always be entering a trade on Sunday - the same trade, or the reverse.

4H 5EMA System's EA

Correct

4H 5EMA System's EA

I think today was all about short squeeze and Equity Indexes: Ugly unemployment made Equity go down and dollar to strengthen - everybody went short on Equity and long on dollar; But then some better news came out, along with some shorts closing ...

4H 5EMA System

Of course what I said about actions to take after this bar closes was meant generally for after a bar closes... This one particularly is the last of the week, and of course you don't place anything - you exit 5min before its end

4H 5EMA System

Either way, you have to forget about 3h59 of market, and worry about those 1 or 2min between bar change. Now you have a live long only: When the bar will close, you look if it's a setup bar to go short; If yes, place the order below it; If not, ...

4H 5EMA System

By the way, long was triggered at 1.4719, with SL at 1.4518.

4H 5EMA System

You always only look for a setup bar; After that, your orders are placed - if the bar that opens will be a reversal bar, you will know when it will have triggered your orders (SL & pending order); If it don't trigger anything until it's closed, you ...

4H 5EMA System

If you mean if the EA has to make those steps - yes.

4H 5EMA System's EA

The bar B didn't trigger a long? If not: When you closed the trade on Friday, your stoploss for the short was above bar A, right? So because bar C openned below it, it's like a second reversal bar - you re-enter short at the openning, with stoploss ...

4H 5EMA System's EA

You always have a reverse order to go the other way, in the case you get stopped (except while reversal bar hasn't closed); So the answer is yes - and both will be moved once another setup bar is formed. (sorry guys, I'm at work, without charts, and ...

4H 5EMA System

Answering without having a chart to confirm, basically, yes: If you have 2 failed reversal bars (and none of them qualified to setup bar), you replace your pending order and stop on the live order at the original level (if it's already there, it ...

4H 5EMA System

Not after work... at work again But I'll PM you soon, to try to explain it.

4H 5EMA System