Duncan, They are right on this. Read rule 3 of the "entry" rules. It explains that, if after a proper setup bar, the bar makes an higher high (without having triggered the trade, of course), it now becomes the new setup bar. And failing setup bars ...

4H 5EMA System

Yes, indeed... but I don't know if it's that way because it saves you more than often, or simply because it was a requirement to made it a "look only once every 4 hours" system... I think that is the kind of details that, if a proper EA will come ...

4H 5EMA System

OK, thanks a lot, I get it now... didn't memorize that special case. It is now So in that case we would sit and wait for a new setup bar. Sterling, maybe it's worth to post that rule in the additional rules? edit/status: New bar openned, so SL ...

4H 5EMA System

Yes and no : If we didn't come to the computer since this bar's open (we're supposed not to), we still don't know it made a lower low; So the stop is still where it was, and we still don't have a reversal order placed; We will only realize this in ...

4H 5EMA System

A question: In the case of getting stopped at the entry bar - the reversal bar (and having to reverse only when the bar will close), in this case the entry price will be a little discretionary, won't it? Example: We were short with a proper setup ...

4H 5EMA System

Just a heads up: Our setup bar has been triggered, so we've just entered long with a buy at 1.4865, with SL placed at 1.4577. This last short made +476 pips. edit: according to rule 2 of additional rules, we must move the SL to 5 pips below the low ...

4H 5EMA System

Yes, specially in this volatility I think I also read here somewhere about users using it in lower timeframes also, and even in scalping at openings of certain markets (wonder where I read that, would like to know how they're doing?)

4H 5EMA System

In theory, yes, it could, but it's a question of backtesting it a bit... Sterling might have better feedback to that.

4H 5EMA System

You only exit that trade when you'll have a new setup bar to go long, or if it takes out your stop; Even if that trade goes 100 pips positive, you don't book them. If it will reverse to your stop, you take a loss. Read carefully the rules, it's well ...

4H 5EMA System

OK, current situation: bar 1 was a setup bar; bars 2 & 3 didn't qualify neither for a new setup bar nor for a reversal bar, so we started looking for a new setup bar from now on (previous setup bar was cancelled). At this point, as we don't have a ...

4H 5EMA System

We only take profit when we have a signal to enter the opposite way (or if we get stopped in profit)... Do you understand the concept of the setup bar? If you are short and have a setup bar to go long: If its high is broken by 5 pips+spread, it's a ...

4H 5EMA System

stersuhr, It only mean you have attentive students viperzz, short since 1.5538? No, got reversed (long) at the doji, then stopped & reverse at the next bar, so... short since 1.5341. See you guys tomorrow, it's 6 am here, going to ...

4H 5EMA System

Sterling, I'm still not convinced, I didn't forget the spread Calculate my case with me: high of setup bar = 1.5461; buy order at 1.5461+5+3=1.5469; doji made an high of 1.5467... at the bid, so the ask made a high at 1.5470 and triggered my ...

4H 5EMA System

Hi Sterling, OK, but apparently, I have different values than the rest of you guys (at least you and finnsol); The high at the setup bar was in my case 1.5461 (finnsol had 1.5462); The doji was my reversal bar, it made a high of 1.5467 (1.5466 for ...

4H 5EMA System

It's the FF news indicator, so it's here somewhere in the forum... but here it goes. If I remember right, you must tick "allow dll" for it to work.

4H 5EMA System

If I may try giving a shot at answering that. Sterling, correct me if I'm wrong: Yes; Correct, we don't; Yes, when finished; Now you confused me a bit... The SL was never above the doji. When you started the long, it was below the bar before the ...

4H 5EMA System

400 pips... and the stop (what really counts) is at 343 pips. I started practising at the previous trade, which was a loss of 128 pips. But I won't be able to take every trade... when I'll sleep, and when I'll be at work, I'll be out of practising ...

4H 5EMA System

I may add that I'm at 30 min from the candle's close, and for now it doesn't qualify for a setup bar; So if it won't break the high these last 30 min (surely it won't), the next candle will be our second try for a reversal candle (and the orders ...

4H 5EMA System

In my chart, we're short since the stop & reverse situation we've talked about earlier (1.5341 in my case); This last red candle is our actual setup bar, so we have our stop and buy stop above its high, at 1.4998 (my buy stop has already a stop ...

4H 5EMA System

Hi Corre, glad to see you here But I don't follow you on that one... Yes, it's based on placing stop buys (or sells), which are limit orders; But what do you mean by "when they're triggered, they're already at breakeven", and "there's no ...

4H 5EMA System