Hi Greg, I'm sure Sterling can give the most correct answer but here is a chart I drew up how I think that trade would play out, To me I think you have the initial buy in the wrong place, it should be 5+ spread above the previous candle at 1.9584. ...

4H 5EMA System

That is great to hear.

4H 5EMA System

Sterling, Are you/ your programmer confident that an EA can be made to follow your rules exactly?? I mean can the EA handle all things specified some being more complex and discretionary such as the 50% rule? and weekend close time plus deciding ...

4H 5EMA System

Thanks Sterling- Ahh yes the 50% retracement rule can come in now because it's + 150 pips...more like + 400 pips!- Thanks a lot!

4H 5EMA System

Hi Sterling and Hiranya, I'm having go at trading this on an Oil chart as well, I just want to Clarify something, sorry if it has already been gone over before. See Chart, Sell Trade was taken at the top and currently in good profit, although it was ...

4H 5EMA System

Mike I was thinking the same thing, I've seen a few trades which were just stopped out on th 5 pips causing loss, but then reverse back the other way and getting stop out again- But if they had say 10 to 15 pip extra on the end they would not have ...

4H 5EMA System

It sounds right to me, I have my pending order in the same position it hasn't yet triggered because I put it on a bit late and price had gone up a bit in the mean time, if it goes down 6 pips from now though... Edit: Mine has entered now at 1.6004 ...

4H 5EMA System

I have put a buy stop there because the previous bar that entered the sell closed without taking out the loss as well in same bar, if that same bar that entered did take the loss we would just take the loss and then wait for next setup up. Sterling ...

4H 5EMA System

I'm thinking if it hits that stop loss, it should be reversed into a buy...so a buy stop there should be there as well, just going by the rule that you always place a reverse order with your stop after the bar that triggered the trade( reverse) ...

4H 5EMA System

Cool, I usually have already answered my question but I feel much better if I confirm it with you guys to be sure. Thanks again.

4H 5EMA System

Why do we have a stop loss set at 1.5711 on the pending sell stop? Is that because 1.5711 is the most recent high if it were to trigger now?

4H 5EMA System

Thanks for the reply

4H 5EMA System

Hi Sterling, Thank you very much for being so kind to share what obviously is a great trading method. I'm just starting out myself with it but think I have a good grasp. In this picture can you just clarify that I have a correct stop and it would be ...

4H 5EMA System