Ahh- Yes the reversal SL was never above the doji, I meant to say the candle before the doji- Thanks for clarifying, the main thing is it it was ok it got moved to above candle "1" in my pic after candle 1 closed, which you confirm is correct- ...

4H 5EMA System

Hi Sterling, I just want to confirm something about the recent reversal trade, see pic. The bar with one over it triggered the reversal sell trade after entering a buy as we know. Now I know we don't put a reversal order on a reversal we just have a ...

4H 5EMA System

The red bar with the arrow as you said it doesn't touch the high ema, so you would now move your stoploss and a buy stop above that bars high when it closes as it is a new setup bar for a Buy. Since it is already closed you should have already done ...

4H 5EMA System

It just aims for 10 pips profit overall which is invisible it seems, when the Ea sees this profit it closes, if the market is moving fast it may take a little more or a little less. The other settings of hard stoploss and takeprofit don't really ...

Sterling Challenge 1

Cool, Thanks!

4H 5EMA System

Sterling, How come your long entry is from 1.5861? When the market opened today and gapped the new candle price started at around 1.5764 and that is where I entered a buy is that correct?

4H 5EMA System

Hi Akukaya, Your method sounds great and may well be very profitable! Many thanks for sharing your ideas. Although I don't know if this method will qualify to be a challenger to the 4H5EMA , It seems one would be required to stare at the screen ...

Sterling Challenge 1

No doubt someone will be able to program this into an EA, but they can't be expected to get it right straight off first go from just instructions, they have to have learned the system themselves and be able efficiently trade it manually to ...

4H 5EMA System

Hi Sterling, How has the new EA you are testing been performing the last few days? Working to your rules correctly so far??

4H 5EMA System

Thanks

4H 5EMA System

Hi Sterling, Regarding the 50% rule, First, is the initial bar that triggers the trade, counted as one failed setup bar if it doesn't meet the requirements, so we then only have to wait for the next one to close to see if we can use the 50% rule? ...

4H 5EMA System

Yeah looks like you just need to press the Expert Advisor button at the top next to the new order button, I can see it isn't activated in your pic, If that doesn't work like it goes frowny face then press F7 for expert properties and "tick enable ...

4H 5EMA System

Ok, now it has opened the sell in the correct spot but it should have opened this a bar earlier, at the same time that it closed the buy.

4HR 5EMA Expert Advisor

If you are using Alpari UK they did Maintenance on the demo server, that is likely why- Alpari US was ok. I have Alpari UK live but still continue to use the US demo for now because the stupid extra 5th digit on demo of UK still confuses me haha. " ...

4H 5EMA System

I see a problem with the EA screen shot posted, When a new setup opens in the other direction it only closes the the trade that is in profit but does not open the other way as it should at the same time.

4HR 5EMA Expert Advisor

Hi Maxss280, Thanks for this EA, I have just put it on Demo and I will be watching it along side the 4h5EMA I am trading manually, I think I know all the rules pretty well. Will let you know of anything that may need to be changed if not following ...

4HR 5EMA Expert Advisor

Yep- GBPUSD sure is on a real nice profit run right now!

4H 5EMA System

Thanks Sterling, I gather that when we do use the 50% rule we only use a stoploss at 50% pips and no reversal order as well? so if that is hit we just get stopped 50% of max profit and wait for next signal? Paul

4H 5EMA System

Hi sterling, What if we have a failed or several failed setup bars and no where to put our stop if the price has not yet gone 150+ in profit so the 50% rule would then not apply. Would we temporally move the stop back to low/high+5 of the very first ...

4H 5EMA System

Greg, you would have already been in a sell trade previously and put your buy stop and SL 5 pips above the bar before that lowest low once it completed( where I marked entry), then even though the next bar was a lower low as you say, it also went up ...

4H 5EMA System