Excellent description and absolutely correct. Guys, don't forget that: when you have a setup bar, you then wait for a possible reversal bar; If the next one doesn't make a lower low or higher high (+5), it's a failed reversal bar and you get a ...

4H 5EMA System

Well, I'm a Technical Mechanical Engineer, working as Maintenance Engineer in an international chip maker factory; I do the electrical, mechanical & software troubleshooting and repairing. I work mainly in the Molding area, but also in Trim&Form and ...

4H 5EMA System

Yeah... 12h night shift, from 19:00 to 7:00 GMT Time goes by pretty fast anyway... if I'm not out fixing machines, I'm here on the net But I miss my MT platform...

4H 5EMA System

Guys, Tonight I can't help on doubts which require me to look at the chart, because I'm at work (night shift) without MT; So to those doubts, I trust there's others who can answer - I can only if there's a chart attached. Sorry

4H 5EMA System

Yes, we keep them; The system disregards these events, it' based only in price action, in support/resistance.

4H 5EMA System

No, we're still short, that previous bar wasn't a setup bar because it didn't make a lower low; The current bar is the second trial to either find a new setup bar or the reversal bar.

4H 5EMA System

The post from Arnold49 made me think of a possible "not covered by the rules" situation: Imagine the current bar closes as it is, at which point we would apply the 50% rule and wait for a new setup bar; But imagine the bar closes above the level at ...

4H 5EMA System

Oh, ok; So if the bar would have brake the lower ema by +5 pips, in that case both the SL on the current short & the buy stop would have been moved to its high

4H 5EMA System

Too late, but completed with a correct view of future possibilities. Congrats

4H 5EMA System

Corre, So if you know, where's the initial doubt? You said the long almost got triggered, and I explained to you it was far from that: - SL & buy stop were far away; - nothing broke lower ema by +5 pips.

4H 5EMA System

Sterling, we've got to stop answering things in the same minute

4H 5EMA System

We do nothing, the orders stay where they were since the reversal bar has closed.

4H 5EMA System

The long signal (buy stop) at that time was at the same price as the SL on the short - 1.5056; The SL on a current trade and the entry price for a reverse trade are always at the same price.

4H 5EMA System

Hi Divyendu, I understand what you mean, but: The official EA has been ordered by the system's creator, so it is being made as he wishes, which basically is an EA to replicate the manual trading of the system; I'm only managing the thread and ...

4H 5EMA System's EA

When that bar made an high of 1.4931, our SL and buy stop were at 1.5056.

4H 5EMA System

Hello everybody, I've been out to a dinner and just arrived home, too tired to read all the posts, so I'll see you tomorrow. mjs12, Rules have been rephrased as the thread advanced and special cases appeared; I suppose Sterling wrote that initially, ...

4H 5EMA System

All operations which are "buys" (SL on short and buy stops) have 5+spread; All operations which are "sells" (SL on long and sell stops) have 5.

4H 5EMA System

Correct

4H 5EMA System

You've got it

4H 5EMA System

Yes, but that doesn't matter. It will only matter less than 4H from now; The reverse order must be placed now (when the reversal bar closed), and if 4H from now the current bar is a setup bar to a short, then we will act accordingly.

4H 5EMA System