The last closed bar on your chart is the setup bar until the current bar closes. When the current bar closes your stop for the long goes 5 pips under that and the sell stop goes at the same place. -Sterling

4H 5EMA System

Yup you got it right....5 pips below the low of the last CLOSED candle. Thats where the sell stop order is too. When you current bar closes you will move the stop and sell stop 5 pips below that bar. I really happy for ya man!!! Glad to see you got ...

4H 5EMA System

Here's my trades from tonight...atleast what will fit on the screen shot. Im telling you guys, stick with this system as a base and continue to grow on it and then get into scalping and learning other things. If I can do it so can everyone else, you ...

4H 5EMA System

I've definatly paid my dues. Ill tell you about that to lol. You can email me at [email protected] if that works better for ya. -Sterling

4H 5EMA System

I have been for a little over a year. Im 21 now and have been trading for 5 years. I help a good friend once a week with his work but he dosent pay me. If you wants some tips on how to become one feel free to PM me and ill help you out. -Sterling

4H 5EMA System

To be completly honest with you I scalp based on price action and my gut feeling. Its not something I can really teach...you know what I mean? I mean I can show you my trades from tonight but there all gut feeling... -Sterling

4H 5EMA System

Teasing? HAHA! I call that inspiration! Hey guys I've given you guys a system that make atleast 500 pips a month minimum. What more do you want! lol. -Sterling

4H 5EMA System

I thought I would give you guys a little inspiration so heres my live account that I scalp with. Enjoy, you guys can do it to!!! This was from sunday to current. No these are not all the trades just all I could fit in the screen shot. If you dont ...

4H 5EMA System

Your exactly right the mental aspect of trading is the hardest thing to master. I can guarantee there will be people that trade this system and loose money. Why? Because they will get emotional and not follow the rules. Stick with it and you will ...

4H 5EMA System

Im gonna have to side with Eric (Hiranya) on this one. If you do say 15 pips each way thats 30 pips more negative each trade. 30 trades a month times 30 pips on each trade is -900 pips! This system is just going threw a dry spell. Think about that! ...

4H 5EMA System

Trade #25 was stopped out for -117 pips and brought the current pips count for the month down to +669. Trade #26 - We went short at 1.6274 and have a current stop of 1.6482 I havent had much time to work on backtesting the 8H candles. I do know that ...

4H 5EMA System

Im gonna eat and then post the chart for the day. I think the chart will answer all the questions people had, but if it dosent please ask after I post the chart and ill be more than happy to answer them all...be back in 20 min. -Sterling

4H 5EMA System

Your still in a sell so your stop is still in the original location (the red line).

4H 5EMA System

Way to go man thats awesome. Glad to see someone is making pips!!! Once we get an EA I think it would be good to run it on 2 4H bar close times. As you can see when one is negative one can be crazy positive. -Sterling

4H 5EMA System

Ok not to be rude but seriously its on the last page dude. Im happy to answer all questions but when you cant even scroll back a page.... The count is +750 for the month. We had one losing trade last night so that will probably bring us to +650 for ...

4H 5EMA System

Your using the same close time as me and that sell stop should never have been triggered. The reversal bar never broke the setup bars low by 5 pips, it had the same low but never lower. -Sterling

4H 5EMA System

No your right howard. If your using the alpari close time there has been no location to go long. We had a short trade triggered last night that stopped us out in the same bar. The rules state you dont put a reversal trade in until the reversal bar ...

4H 5EMA System

The reversal trade goes at the original trades stop loss. I know you dont want a post but post #485 explains this very well. If I didnt answer it well please include a chart with your question and then I will be sure to get it. -Sterling

4H 5EMA System

When the current 4H bar closes you will put a sell stop 5 pips below its low. -Sterling

4H 5EMA System

Thats what I meant...open time not time frame. My bad. -Steling

4H 5EMA System