The sentence above is wrong: If you are stopped and you reverse the trade (like in the situation I marked in the chart), the SL on that reverse trade must be the lower low (for a long) or the higher high (for short) made while you were in the ...

4H 5EMA System's EA

Can you please remind us where (which post) was it posted in the thread? Just to read what people said about it... but I suppose it might not be following the rules right, because I think none was; It can be interesting. But it would have to be ...

4H 5EMA System's EA

I think the problem might be related to one Duncan also had in the official version's building: When the setup candle closes near its high, the server might reject the request of putting a limit order above that high, because it's too near. By the ...

4H 5EMA System's EA

Yes, you're right. That short setup bar got triggered in the following bar, and then stopped in the same bar. I don't have my MT platform to confirm the lost pips, though.

4H 5EMA System

In this situation (bar D), the rule to apply is rule 4 of Entry: 4.) (...)If a proper reversal bar does not follow the setup bar within 2 bars the trade is not taken, and you wait for a new setup bar which can be as soon as the next bar. In this ...

4H 5EMA System's EA

Let's try to sort it out, I think there's some problems, highlighted in red. Then: Before A you were short, and had a setup bar to go long; When A started (when the previous has closed), you've placed the SL & buy stop above the previous bar's high, ...

4H 5EMA System's EA

Nope... read back 1 page, we're flat; The last closed candle triggered a short and then stopped it out.

4H 5EMA System

If someone using UK demo has the same I have (spike not showing on H4, but visible on M5), I would call it a failure on their feed; If not, since I'm sure I saw the same highs before, I think it might be because I switched to live account and ...

4H 5EMA System

There's something wrong with the UK's demo feed, I can see that now. At the time we were discussing the "same high" story, I agreed, because I was sure I had compared the bars and seen the same; But now I haven't got that high... But if I go down to ...

4H 5EMA System

No, he has a point... take a look at the wick up of the candle after the Bar4 of my chart: his goes way higher than mine! It's the first time I see this difference between Alpari UK & US! Is your account a live or demo? (mine is a demo) Regarding ...

4H 5EMA System

denverdude, I think it might be a bad choice of words he had at the time... Of course we don't know what high it will have, so the statement (for a short): "One of the next two candles (reversal candle) must have a lower high than the setup bar and ...

4H 5EMA System

Guys, there's something wrong... I've been looking back to what we've posted in the last hours, to try to figure it out, but I'm not sure! CitiTrade & ybeidas, are you on Alpari charts? Because looking back at what you've posted at #1687 (your ...

4H 5EMA System

I can tell you coffee is my favourite drink... And curiously, pizza was my last meal!

4H 5EMA System

That was a secret!

4H 5EMA System

It is, but not for the reasons you've mentionned; The rules are that, after a setup bar, for the next 2 bars you'll wait for the reversal; If it doesn't happen, you start looking for a new setup bar, starting from the next openned bar (current). ...

4H 5EMA System

PowerBySol, Took another look at it; Honestly, not the thing I would use "when you just can't seem to focus during that early morning candle check" I'm sure making it contributed for your learning process... But reading it is rather confusing to ...

4H 5EMA System

An error found right at the beginning: It says "if bar pierced the line...", missing the "by at least 5 pips". Didn't continue to read, though... might be others.

4H 5EMA System

Latest pip count was +423 (20h ago). Since that, we had a marginaly positive trade, and a loss. Our current bat is the second trial after setup bar, to go short.

4H 5EMA System

Both UK & US Alpari have the same candles. The difference is in the openning times of the candles (meaning clock time).

4H 5EMA System

Well, what I can tell you is that it's not possible for the proposed EA (official EA); This EA is meant to exactly replicate the system as it is. You are welcome to test your ideas, though; I would suggest you do it manually first (can even compare ...

4H 5EMA System's EA