Sounds good I would love to see a backtest of some other pairs. Although I dont think you should strictly go off backtests its a good start. With 2K i would recommend trading no more than 1 mini lot (10,000). This should give plunty of room for any ...

4H 5EMA System

So the entries are pretty diefined but no exact rules on the exits. Is this in the works? Thanks for the response! -Sterling

Trading system using relative strength

So Ive read the thread and I have to say good job ES! After reading it im left with a few question. You have a great way to enter the market but do you have some defined rules on exits that I missed? Do you just enter at a certain time and let it ...

Trading system using relative strength

Thanks for the kind words and I look forward to trading with you as well. -Sterling

4H 5EMA System

You got it all right until #6. 3 made a setup bar but 4 and 5 failed to make a higher high to trigger your buy stop. So 6 should be your new setup bar. Remember that if a trade isnt triggered with 2 bars of the setup bar you cancel that trade and ...

4H 5EMA System

Trade update — We are currently short from 1.6920 with are stop at 1.7186. Trade #1 -106 pips Trade #2 -147 pips Trade #3 +131 pips Trade #4 -45 pips Trade #5 +192 pips Trade #6 -126 pips Trade #7 pending For the week we are negative -101 ...

4H 5EMA System

It was never 200 pips in profit, more like 100 pips, and we werent "stopped out" in the classic sense. The market gave a sell signal at which point we closed the long for a loss and went short per the rules. -Sterling

4H 5EMA System

Heres the chart for the current short position. The red arrow is the setup bar and the blue arrow is the reversal bar. Hope this helps. -Sterling

4H 5EMA System

The stop loss was for trade #6 and it was actually 1.8920 not 22, typo my bad. The sell stop triggered so that would be concidered trade #7. We are still currently in trade #7 with the original stop. -Sterling

4H 5EMA System

Trade #6 update — Trade #6 update Stop loss - 1.6922 Sell stop - 1.6922 Sell stops stop loss -1.7186 Price is moving fast so get the order in fast if your gonna take it. -sterling

4H 5EMA System

yep that's where the stopped will be moved to at 2. You don't have to include spread on the sell, only on the buy. Think about it for a minute I'm sure it will make sense. if not ill explain it better when I'm home and not on my phone. Not only will ...

4H 5EMA System

I think you have it! When price closes at 2PM EST we will adjust the stop loss to 5 pips below the current bar and put a sell stop order at the same price.-sterling

4H 5EMA System

Basically the most important part is never trade more than 1 standard lot per $20000 in you account. If you have $2000 then trade 1 mini. I post my trades every 4 hours 2,6,10 AM and PM. Just taking my trades will give you my same results and give ...

4H 5EMA System

Trade #6 update — Trade #6 update Long G/U from 1.7046 Stop loss - 1.6770 Trade #5 got stopped out for +192 pips The candle with the arrow above it is the current setup bar when it closes. After the close we will move are stop to 5 pips ...

4H 5EMA System

Yeah alpari UK dosent match up with Alpari-US. The trade still remains the same as in my 2AM post. If this candle does not break the high of the setup candle we cancel the buy stop and wait for a proper setup bar and reversal bar. -Sterling

4H 5EMA System

Trade #5 update — Trade #5 update/ Short G/U from 1.7246 Stop loss - 1.7054 Buy stop - 1.7054 Buy stops stop loss - 1.6770 We now can get stopped out with no less than +192 pips. I really hope this buy stop order dosent trigger because thats ...

4H 5EMA System

Hey feel free to post Mike. That was actually the only other pair I was going to extensively trade this on. Im actually in the process of backtesting it over the last year. When I back test I always do it three times becasue you always make ...

4H 5EMA System

Just pips, nothing else matters. Im not gonna post my live account unless people want. It just includes to many other trades. And when I say pips I mean actual pips. Not trading 10 lots, taking 10 pips and calling it 100 pips. -Sterling

4H 5EMA System

Im not familiar with that broker so I would go to there live chat help and ask them how to set a 5EMA "applied" to the low and a 5 EMA "applied to the high. Sorry I cant be of more assistance. If you have any questions regarding the system after you ...

4H 5EMA System

Thats exactly the spirit I was trying to inspire. Please give me your best, this system will give anyone a run, I guarantee it! Do we have a first contestant Ronald??? -Sterling

4H 5EMA System