Ok Ill re word it as price. All that is required is that price breaks it by 5 pips. -Sterling

4H 5EMA System

Yes, as the market continues to make lower lows on that chart each new bar would be the setup bar. For bar #1, if a reversal bar had triggered the buy the stop loss for that would be 5 pips below bar #1's low. The same would have been true for #2, ...

4H 5EMA System

yup, im glad this one broke the lower EMA I would hate to see this get stopped out at half of the max profit. -Sterling

4H 5EMA System

Trade #17 Cont — Trade #17 continues to move in are favor, and is now up over +1,100 pips. At point #1 on the chart we had are second to last setup bar. The two bars following it could not make a higher high to trigger are buy stop so the ...

4H 5EMA System

Will do. -Sterling

4H 5EMA System

Thanks for the offer Ducan. The rules are on the first page. I plan on rewording all the rules and putting them in a better order tonight so if you can wait till you see those posted to get the rules from that would be better. The rules are not ...

4H 5EMA System

You got it right Arnold no change to the current buy stop order. -Sterling

4H 5EMA System

Yeah MM is very important. I've said it before and Ill say it again...dont trade more than 1 mini lot per $2000 in your account. This will allow for any drawdown because they do happen. -Sterling

4H 5EMA System

Are you intending to make an EA for this and run the EA's head to head? Or run both systems manually and post your trades in your own thread. Im having ferrufx make one. It wont be to costly so no big deal. Plus from what I hear hes the best. Ronald ...

4H 5EMA System

You got it right Robby. -Sterling

4H 5EMA System

That candle could have ran as far as it wanted to in either direction. I made the rule that when a situation like this happens you take the price you entered and the most amount of pips you were in profit, cut that in half and put the stop there. So ...

4H 5EMA System

No I welcome questions. I hate systems that you can monday morning quarterback and I want to prove to everyone this system is not that way. Ok So lets talk about the chart. 3 candles before the one you circled is the setup bar...it made the highest ...

4H 5EMA System

On trade 12, 3 bars before it was the setup bar and the next two bars failed to make a valid short so the bar your speaking about because the setup bar. I hope you understand this, if not I will explain further. Please edit your post so as not to ...

4H 5EMA System

1.) Ill write this for the current downtrend. What differs a setup bar from a reversal bar? The setup bar makes the lowest low, it becomes your setup bar. You place your order to go long and come back in 4 hours. Price keeps going down and never ...

4H 5EMA System

No EA as of yet. Im going to be paying to have one written here pretty quick. I will post it when I have it. Your welcome to do it but im already paying for one and wont be paying for another one. Thank you in advance if you decide to do it. ...

4H 5EMA System

Have you read the first post. Print that out and then look at the first few pages for charts. I broke down every trade for the month of September. This should help. Its very repatative but that is what is needed when your first learning a system. ...

4H 5EMA System

This system does very well when the market is ranging as well, just not a super tight range. It did very well in the summer. The last 6 months or so have a 700-800 pip a month average. Had you used this system on the G/Y you would be in profit +1700 ...

4H 5EMA System

Yup your right. The buy got triggered and when that reversal bar closed you would have put the sell stop in at the stop loss, and your stop loss on the sell stop would be 5 pips plus the spread above the high of the move up. -Sterling

4H 5EMA System

I havent backtested the 4, 8, 12 4H candle close but I think over the course of months it would all even out. It wouldnt make sense for one time to work and the other not to. IMO -Sterling

4H 5EMA System

you got it right howard! Thank for answering questions when I'm not around, its much appreciated!-sterling

4H 5EMA System