Correct: When you don't have a setup bar and the 50% rule applies, you do: "point of entry" - "lowest low since in the trade" / 2 (for a short).

4H 5EMA System

No, that's a failed setup bar; reversal bars are the ones that come after a setup bar, and they have nothing to do with EMAs, only with high/low of setup bar. Sorry guys, first I fell asleep, them I went to a football match, and just arrived home; ...

4H 5EMA System

It's simple: Every buy operation should include spread. That means: - a buy stop; - a SL on an openned short (which is, indeed, a buy operation).

4H 5EMA System

Sorry I was gone... cooking and then having lunch! Yes: The reversal bar puts you in a trade (a short, in this case); At its close, you look and what do you see? It closed to be a setup to a long - so you act accordingly.

4H 5EMA System

Yes Peter, I know. It's just that the EA coder, for some reason, didn't start to code the system that way, and has continued focusing on the more important points. But I have told him that, and we agreed to return to this later, once it will be ...

4H 5EMA System's EA

When we were in the long descending bar, the SL was still at the high of barA (because the bar before it wasn't a setup bar). At that time, the buy stop was at that same level; After the long bar has closed, it's a new setup bar, so the SL on the ...

4H 5EMA System

Nope Sell entered at 1.5357, with current SL at 1.5349 (new setup bar's high); Buy stop at 1.5349, with SL (for now) at 1.5001. I think you're messing with the spread

4H 5EMA System

Alpari UK & US have the same closing time (when one bar closes in UK charts, it closes in the US charts, too) - so we consider it the same charts. If a bar closes on UK at 8am (server time), it closes at 3am on US - only because of timezones. But ...

4H 5EMA System

What issue exactly? You mean the closing time of the bars? Well, this thread has Alpari as default (because the thread's starter uses it, and the majority of us too), but anyone using another closing time also applies the rules to their chart; In ...

4H 5EMA System

Sorry then; (I must have seen something wrong in the EA thread, when comparing your posted chart with my own (your bars against my candles) - at some moment, it seemed that way) But I maintain what I said for those who have different charts from ...

4H 5EMA System

To those wishing to have an EA to optimize it: I must tell you that for now, the official EA hasn't any parameter to be optimized; In fact, its only input parameters are: - the lots, - the spread, - Friday's closing time. I've been discussing the ...

4H 5EMA System's EA

pitpiter Like we talked about on the EA thread, your chart is not like the default chart both threads are using, which are Alpari; So first you should make a reference to that when posting, so that someone who's using the same as you can answer it. ...

4H 5EMA System

Yes, that could be the reason. All above is correct!

4H 5EMA System's EA

Oups Been so used to the thread's "default" spread, that sometimes I forget others use different brokers/spreads

4H 5EMA System

Just imagine the market hasn't been closed. In this particular case: What was the last situation you had on Friday? - You were long, with a setup candle to go short, with sell stop at 1.5357; So if the market re-opens above that number (that's the ...

4H 5EMA System

Your sell stop is right; Yes, we are long since the openning (we have "reopenned" the previous long, since the openning was above last bar's low-5); But review your math on Friday's last long (1.5401 + 8 = 1.5409)

4H 5EMA System

I can tell you the EA is at testing stage, exactly to do that - compare with the manual trades, and see if it performs by the rules. But as before, I cannot guarantee it won't have some other issues that may delay its "public appearance" - it has ...

4H 5EMA System's EA

Hi, It's not ready yet, but almost. Anyway, you should read the first post about Sterling's conditions for giving the EA Unless he changes is opinion... Regards, Toni.

4H 5EMA System's EA

I admit I'm having some difficulties in understanding your explanations... but I'm doing my best I know before you were asking one thing, and I pointed out another one - that's because I noticed a misinterpretation of the rules in your trade; But ...

4H 5EMA System's EA

Yeah, I remember it now: This EA wasn't even from our thread - Corre went to another thread and posted it, to ask if it was correct; That thread was created by maxss280, with the purpose of building an EA for the system, but got sick and interrupted ...

4H 5EMA System's EA