Daily variation question — Howard, Would appreciate if you can reply to my questions. I've attached a screen shot of the current LONG trade running. My questions: You said that you'd move your SL once the day's bar closes (#2). Here is my ...

4H 5EMA System

Thank you — El Dee, Thanks for the document you've posted consolidating the rules of the 4H system . One question: Did you meant to say that you've been using the 4H system rules but trading using a daily chart when you said "have ...

4H 5EMA System

How 8H in MT? — Hi Michael, How do you get 8H in MT? All I see is 1H and 4H with the "H". Thanks

4H 5EMA System

Daily version — Howard, Thanks for posting the results of your forward test. If its not asking too much from you, can you please start a new thread for the daily version? Also, I have some questions about the daily version. So far, what is the ...

4H 5EMA System

sunday open trade — Previously closed trade ( I actually did not close on Fri as I couldn't get back to my desk on time) on Fri reopened on Sun. SELL (depending upon where you entered) with SL @ 1.5042 Pending BUY stop @ 1.5042 with SL @ ...

4H 5EMA System

whoa whoa whoa — Just got stopped out of the BUY trade. My head is spinning so fast I don't if know we should be in a SELL right now or not. Did not check the charts at 10 ET, please bring us up to date experts. Thanks

4H 5EMA System

12/12 new trade — SELL @ 1.4945 hit SL 1.5006 Current open trade: BUY @ 1.5006 with SL 1.4849 Whole week was choppy and guess what, its Fri and its going to fly up Thanks

4H 5EMA System

12/12 status — Have a SELL opened @ 1.4945 with SL 1.5006 Pending BUY stop @ 1.5006 with SL 1.4849 Can someone confirm this ? Can't believe its Fri Thanks

4H 5EMA System

4H start time very critical? — Does this system depend a lot on having a particular start time for the H4 candle? Thanks

4H 5EMA System

My 2 cents — I am demoing this system since late Nov/early Dec. Initially, I was all caught in the rules. What is setup bar? what is reversal bar? When I tried to read the rules, even though they are simple, they appeared too complex to me. ...

4H 5EMA System

Sell triggered — BUY closed and SHORT now. Thanks

4H 5EMA System

Too much chop chop — Previous SELL trade opened at 1.4770 stopped out at 1.4837. New BUY trade opened @ 1.4837 SL 1.4745 Enough of this chop chop - its time something gives in. Thanks

4H 5EMA System

Live or demo — Still in demo - just started in last week of Nov and moved to alpari to be in line with this thread from Dec. So far, more than the P/L from this month(which is +ve so far), I am liking the non-emotional, complete rule-based ...

4H 5EMA System

After the close of 12/10 0800 candle: SL on current BUY moved to 1.4752 New SELL STOP @ 1.4752 with SL 1.4874 Thanks

4H 5EMA System

New setup candle to go LONG @ 0800 12/9 Existing SELL SL moved to 1.4838 New BUY stop opened at 1.4838 with SL @ 1.4731 Thanks

4H 5EMA System

Fri Close/Sun Open — Experts: Fri (12/5), we closed our buy trade using the weekend close rule. Instead of posting another chart, I'm referring to the one Sterling attached in post #2264. The candle above "9" is a setup bar to go short. So, we ...

4H 5EMA System

Backtest results — Ekkuso, Appreciate your work on backtesting this system . What are the closing times for the 4H candles on your broker? I just started demoing this system and switched to Alpari recently. If you can post your back ...

4H 5EMA System

Learning from my mistakes Thanks Tonirai

4H 5EMA System

But, the exit rule #2 is as follows: 2.) The only exit is when a signal to go the opposite direction is given So, we cannot exit our current BUY. Only, we can remove pending SELL order.

4H 5EMA System

Since we have 2 failed reversal bars, I think, the pending SELL order should be removed, for those already in. The existing BUY stays as such and we watch for new setup. If upper ema is broken by 5, we place SELL stop order at that high +5 and move ...

4H 5EMA System