No problem! -Sterling

4H 5EMA System

Can someone give me a link to the latest version of the indicator. Also when do you trade with the indicator or when do you pull a "paris"? Is there a filter that is in the indicator that does it automatically or is this a personal thing. i would ...

Trading System Using Relative Strength-Part 2

Alllivemind — Hey alllivemind look at number three under the entry section of the rules and see if this explain it better. Im always open to perfecting the rules so any suggestions for making the current rules clearer or making them better im ...

4H 5EMA System

I guess i just figured it was a given that if in the case of a long, the price keeps making lower lows that you make it your new setup bar. I will look over the rules and see how they are worded and make that more clear. Thank you for the suggestion ...

4H 5EMA System

Feel free to ask as many questions as you want, no problem at all! You got it right if one of these bars would have or does make a lower low they would be the new setup bar. If however they dont make lower lows or a lower high the trade is cancelled ...

4H 5EMA System

Yeah thats why I personally wouldnt do that. If someone wants to then thats fine. Most of the time when this happens the trade turns out good anyway so its no issue really. I would just move the stop to the new low and let the trade run. Only having ...

4H 5EMA System

Being that you only look at the market every 4 hours there is nothing you can do about this senario. I guess I dont have a written rule for moving the stop in this case. The way I backtested it was, if the market made a lower low and also triggered ...

4H 5EMA System

Chart for 10/20/08 — Well as of the close of trade #15 we were only +39 pips for the month. Right now we are +123 pips and that does not include the short we are in now which is up +225 pips. I really hope we dont get a reversal bar here, i ...

4H 5EMA System

1.) On trade #4 the setup bar is the bar with the red arrow pointing at it. The bar before it that comes down and touches the high EMA has nothing to do with that trade. If price opens, closes, and never touches the higher EMA as is the case with ...

4H 5EMA System

It was not a setup bar because the bar before it made the highest high and was the current setup bar. I will be back in about an hour to answer all the other questions and post the chart of the day. Right now we are in a short from 1.7365 and the ...

4H 5EMA System

Yes it can be the next setup bar. You could potential have them back to back to back. It dosent happen very often that they keep repeating but they can as many times as the market wants to. I did move my stop and put in an order to go short at 16 ...

4H 5EMA System

Trade #16 update — I thought I would post the daily chart from friday and bring us current. There have been no trade after #16...we are still long from 1.7281 with are stop at 1.7150. We are only up +39 pips for the month which sucks but as ...

4H 5EMA System

To BatesMotel — Did you place the reversal trade when you get stopped out in your backtest. it looks like you did from the chart? -Sterling

4H 5EMA System

I think for the most part the trades look pretty close. Ill give it a backtest tonight and post the results. -Sterling

4H 5EMA System

I have the HTC touch. It runs windows but I know it will work on a blackberry and a smart phone as well. -Sterling

4H 5EMA System

Ill give it a backtest and let the room know the results. Thanks for the suggestion. -Sterling

4H 5EMA System

1.) Candle must go above/below the 5EMA by 5 pips for it to be concendered a setup bar 2.) A proper reversal bar has a lower high for a short or a higher low for a long. 3.) After a proper setup bar has been formed, price has to break the setup bars ...

4H 5EMA System

Hmm, all I can think of is an EA. Maybe Ronald will make one, we will see. You know all you have to do is look at the computer and adjust the trade...it only take a few minutes at max to do that. You could also do what I do, buy a phone that has ...

4H 5EMA System

Your exactly right. Fortunatly the G/U dosent stay in really tight ranges for long. If the range is a few hundred pips it makes good money, its just when you have 50-100 pip ranges that screws you. But then again no system works in every type of ...

4H 5EMA System

Thanks for all the effort xluke! Its much appreciated! Keep up the good work. I have absolutly no idea how to code a indicator or EA so what your doing is way beyond me, so thank you again -Sterling

4H 5EMA System