Ok if your using Alpari charts your long and have a sell stop order at 1.5270. If you are using the other charts you are currently short. No rick of missing a trade on either of them, its just one is going to take a loss before getting in the right ...

4H 5EMA System

It dosent have to have a lower high. We just want to know that the maket may be turning around and this is signified by the market not making lower lows. Also in this case spread dosent play a part. Most charts go off the bid and there for if the ...

4H 5EMA System

When you first enter a trade you have the order to enter and the stop loss, thats it. So if you get a order triggered and it gets stopped out in the same bar then you are no longer in the market and you wait for a setup bar to occur before you enter ...

4H 5EMA System

In the case of a long: When price is below lower 5 EMA you are looking for longs only. Inverse for a short. So when the setup bar closes you place your buy stop 5 pips + the spread above the setup bars high and the stop 5 pips below the low. You do ...

4H 5EMA System

Thanks I got it now, ill probably backtest that tonight. -Sterling

4H 5EMA System

If your using alpari charts your not stopped out and your still long. I think you were refering to the chart on post #551 tho. In that case the last bar on that chart is a setup bar to go short right? So you have the stop for the long trade 5 pips ...

4H 5EMA System

I think the rule you werent applying correctly is that after the setup bar price has 2 reversal bars to make a trade. Then if the trade would have failed to trigger the third bar could be the new setup bar if it breaks one of the EMA's. -Sterling

4H 5EMA System

Yeah those candle closes definatly made a better trade on this one. On the big move down I believe your candle got triggered for a buy and stopped out and reversed which made the profit a little less, but it definatly made up for it here. All in all ...

4H 5EMA System

Yeah the system is still flat for the week. I put the indictor into the idnicator section of alpari and loaded it and it dosent do anything. Anyone know what im doing wrong? -Sterling

4H 5EMA System

No, it can generate any time frame chart but the start of candles is dependent on the broker's servers. The only way to change bars' start and close is to change broker.[/quote] Hey howard thanks for the indicator...im interested in trying 8 hour ...

4H 5EMA System

I have no problem getting up just for 5 min, that's all it takes. I am looking into 8 hr charts though, but don't have the time to manually research it. I suspect they may be more profitable, and hope that when a EA comes out that someone with the ...

4H 5EMA System

lol its true the simplest answers are usually right...that didnt even cross my mind. -Sterling

4H 5EMA System

Ive been with Alpari-us for a while and 6 on there charts is always midnight for me, but now its 5??? Anyone know whats up with that? -Sterling

4H 5EMA System

Which timeframe would that be? -Sterling

4H 5EMA System

You got it right on the buy limit order. The first bar of the week was a setup bar to go long. As for an entry to go short there isnt one. We exited the trade on Friday because of the 50% retracement rule and we have to wait for a proper entry. ...

4H 5EMA System

Yes the new low is the new setup bar and you put the buy stop 5 pips plus spread above the high and the stop 5 pips below the low like a usual trade. Hope this clears things up. -Sterling

4H 5EMA System

When price in the case of a long makes a lower low and triggers the trade you move the stop below the new low. You have no choice about it being triggered so you just move the stop to the new low and continue with the system as usual. When I was ...

4H 5EMA System

Hey thanks for backtest it. I appreciate the effort your putting into it. I do have one question tho, what do you mean by a "few judgement calls". Wiuth this system there should be no judgement calls. As far as how I backtest lets use a buy example. ...

4H 5EMA System

Thanks for catching the error, ill fix that right now. Thanks again!!! -Sterling

4H 5EMA System

I have another EA coming that is more accurate to the system. This one does not trade the system as it should. -Sterling

4H 5EMA System