Dr D Back in December I had posted a simple version of the daily with provision for targets, that was explained in post #2476; maybe you would like to test it on 4 hourly to see how it goes, I have not done any work on it.

4H 5EMA System

I think you will find a complete explanation of the situation in the post above by El Dee on daily on by toni on 4 hourly. Pending sell order is placed 5 pips below the closed bar of the 4th.(daily)

4H 5EMA System

Chaos is the name of the game.

4H 5EMA System

That is correct, stop and reverse is applicable once only for both 4hr and daily, following that we should wait for a new setup bar for 4 hourly and a new setup bar or a tweak for daily to get back in a position.

4H 5EMA System

Hi Daily bar close at 23 GMT or 24 GMT should not affect the results in the long run, I am using alpari with bar close at 23 and El Dee is using another charting with bar close at 24 GMT. We trade the daily according to the latest word document ...

4H 5EMA System

The last closed bar (closed at 7pm GMT) was a setup bar to go short therefore the stop loss for the long and reverse sell entry are placed 5 pips below it, as you have mentioned. If a higher high is made by the current open bar, the stop loss and ...

4H 5EMA System

I thought it was some sort of fashion to use "looser" instead of "loser" all over the FF forums

4H 5EMA System

That is correct, it is 10 pips above and 5 pips below the bar.

4H 5EMA System

Hi Is this the "with-target" version of the method?

4H 5EMA System

This is the best version so far, simple, effective and above all no repaint. Repaiting is disastrous

Traffic Light System

You are right, high of the day for Alpari UK is 1.4393; the high of 1.4409 is on the chart of Alpari Russian which I was using.

4H 5EMA System

Hi My chart from alpari uk shows a high of 1.4409 for yesterday, it is really a big difference 16 pips.

4H 5EMA System

Daily — Daily is still flat Pending buy at 1.4419 Pending sell at 1.4066

4H 5EMA System

If anybody has problems with drawing fibs, you can use zigzag indicator and folow its lines, chart attached. By the way jtmoore was correct about trades at 62.8 level; it does not make sense to close the position from 38.2 level at 62.8 level and ...

Fib 4Hour MTF Moving Average

It seems as if candle close at 24GMT is doing slightly better than close at 23 GMT. That is so far, in long run it should not make considerable difference.

4H 5EMA System

Daily — Hi Alex Maybe I could reply to your query addressed to El Dee The latest short from 1.4643 was closed at 1.3901 and reverse long entered at the same level. Position still long.

4H 5EMA System

Hello Dr D You are quite right, the solution maybe to switch to daily.

4H 5EMA System

A couple of ticks are not important, different feeds by different brokers. However, even if they have equal lows we use the 2nd one as setup bar.

4H 5EMA System

You have to wait for the next setup bar, there is no provisions for late entry

4H 5EMA System

The last setup bar to go long was the one after B on your chart, that has a lower low.

4H 5EMA System