Alright we have setup bar now we need a reversal bar. My 4H candle closes at 2 so now im going to put a buy stop 5 pips above the high and a stop 5 pips below the low. We only look at the market every 4 hours so if the trade need adjusting I will ...

4H 5EMA System

Not a problem. Yeah the G/Y is a little choppy for this system in my personal opinion. The best pair ive found is the G/U and thats all I trade it on, that dosent mean its not profitable on other pairs tho. Im gonna start posting live trades so that ...

4H 5EMA System

I really try to take all human emotion out of my trading, hence this system, so as far as a "want" to be in the market at all times i really dont have that. I just follow the rules and try and keep my heart out of it. An EA for this would be nice. I ...

4H 5EMA System

As I said before im still in a buy but if I wasent here is the update to the current conditions. Price went below the low of the previous bar so I would take my order out of the market. Most of the time im not watching the market so I would take it ...

4H 5EMA System

Yes thats exactly it. Every time a buy signal is given I take it and everytime a sell is given I take that. No filter if you will. So if im long and I get a sell signal I exit and go short and the same if im short and I get a but signal I go long. ...

4H 5EMA System

Go to moving averages and put "5" in for the "period". Then where it says "apply to" make one of the applied to the high and the other applied to the low. Make sure also where it says "MA method" that it is set to EMA or it may be worded exponential ...

4H 5EMA System

There is three trades left that I didnt describe, im tired of typing so im just going to give the total for the month, I will include them as well. You should be able to figure those threee trade out #15,#16,#17 if you understand the system. Total ...

4H 5EMA System

This is the chart for post #29. I forgot to attach it sorry.

4H 5EMA System

All you need to put on your chart is a 5 EMA applied to the high and a 5 EMA applied to the close. Thats it

4H 5EMA System

You cant be, but if you look at the past most of the time it does not trigger the trade and then go up and make a higher high. Did this answer your question. Sometimes it does tho and that is why I dont put my order to go the other way in until the ...

4H 5EMA System

Your stop loss is 5 pips below the setup candle in the case of a long trade. This puts your stop below the last swing low and is a good spot because if price breaks it then most likely its still headed down.

4H 5EMA System

No I mean above. Price has to go threw the high EMA to look for a short and to go long it has to break the lower EMA by atleast 5 pips also.

4H 5EMA System

Sept trades cont. — 8.) Setup bar breaks the higher EMA by 5 pips and is followed by a proper reversal bar with a lower high and a lower low than the setup bar by more than 5 pips. Sell stop - 1.7985 Stop loss - 1.8138 Trades continues to go ...

4H 5EMA System

No iam currently long from 1.7718 with a stop of 1.7551, which is according to the rules of the system.

4H 5EMA System

Start of Sept trades — Ok heres the first 7 trades for the month of Sept. 1.) Setup bar breaks the lower EMA by 5 pips and is followed by a reversal bar that makes a higher low and breaks the setup bars high by 5 pips thus triggering are buy ...

4H 5EMA System

In order to have a proper setup for a short the rules state. 1.) Price must have broken the high 5EMA by 5 pips, it doesent have to close 5 pips above it, it just has to break it by 5 pips. 2.) One of the next two candles (reversal candle) must have ...

4H 5EMA System

I didnt take it as bashing no worries. I just want to be sure everyone understands it is very different than the other system. -Sterling

4H 5EMA System

Ill be happy to re-word any of the rules to make them more clear. You never know what bar is going to be your setup bar until you get a bar that breaks its high in the case of a long. So if the market is trending down, as each candle closes you put ...

4H 5EMA System

The only thing this system shares with that one quoted is the 2 5EMA's. Everything else is different and much more profitable from my back testing I might add

4H 5EMA System

Ill be posting more about the system later tonight, gotta go to a going away party right now. Im going to do a run down of every trade in the last month maybe tonight as well. Last month it was well over 1200 pips. The key is just making sure your ...

4H 5EMA System