Yeah if were short and the market keeps going lower then each succesive lower bar becomes the setup bar to go long when it closes. The same for the case of being long. -Sterling

4H 5EMA System

Basically when you have 2 failed reversal bars after a setup bar you cancel the trade and have no where to put the stop. So, you take the price you got in at and the MAX profit the trade every hit. Then devide that number in half and thats the 50% ...

4H 5EMA System

A failed reversal bar is when you have your setup bar it closes and then the 2 following bars fail to trigger the trade. When this happens you cancel that trade and look for a new setup bar, which could be as soon as the next bar. Another thing. All ...

4H 5EMA System

Because the reversal bar was also a setup bar to go long when it closed. The new stop should be 1.5349 and the buy stop should be in the same location. The stoploss for the buy stop is 1.5001 I dont for see the buy getting triggered, if anything the ...

4H 5EMA System

This system was made so you only have to look at the market once every 4 hours for a few minutes. Without pending orders that screws that all up and defeats the purpose of not having to be always watching the market. You said you were looking into ...

4H 5EMA System

For any buy order weather it is a buy stop or your stop loss on a short you have to account for a 3 pip spread so its actually 8 pips above the high. When its a sell order you dont have to account for spread so its only 5 pips on any sell order. ...

4H 5EMA System

One more thing before I go, and this probably wont be the last time I say this. Everytime I get on here I see as many if not more "guests" as I do members viewing the thread. Why dont you just join. The people in this thread are the ones that keep ...

4H 5EMA System

Just thought id say one hell of a trade we got goin on, almost 300 pips floating right now. Hopefully the system lock in most of that or more. -Sterling

4H 5EMA System

The backtesting thing is true with most systems but I have a tendency to disagree when it comes to this one. This is 100% completely mechanical, so any backtest that is done slowly and just as important throughly can be 100% accurate. Now that ...

4H 5EMA System

The last bar on Friday was a setup bar to go short. So when the market went below that it triggered are sell stop order. Does that answer it or am I not answering your question? -Sterling

4H 5EMA System

LOL, ok I dont want to be know as a tease. I get called that enough in my personal life lol. Its a 10EMA instead of a 5EMA. It tends to keep us out when the market gets choppy. One concern I had is that anything that protects you in a choppy market ...

4H 5EMA System

1.5403 is the stop loss and the buy stop order location, if your using Alpari-us charts that is. Wow that was a 100 pip bar on the 5M chart for the G/U. Keep droppin baby lol. -Sterling

4H 5EMA System

Your using the bar that just closed. That bar did not make a lower low than the opening bar and is therefore a failed reversal bar and not a setup bar to go long. The bar that has a low of 1.5284 is still the setup bar to go long and therefore the ...

4H 5EMA System

LOL...yeah you not kidding The only difference is you can backtest with 100% accuracy and get what get. -Sterling

4H 5EMA System

Wow...sept which was +997 was +1500 using the new small change... -Sterling

4H 5EMA System

Well I got some good news for ya guys. I decided to test a new EMA and for sept it took +905 pips for the month instead of the +50 we got. For the current month it took +135 so far which isnt much better but its almost +850 pips better for sept. Im ...

4H 5EMA System

Great explination tony. We are now short now just to let everyone know. The last bar on friday was the setup bar and it got trigger about 30-60 minutes ago. Im not sure I wasent watching the comp when it got triggered. -Sterling

4H 5EMA System

I have fixed the chart and added that trade so everyone can go look at that if you like. -Sterling

4H 5EMA System

[QUOTE=tonirai;2385044]Yes, you're right. That short setup bar got triggered in the following bar, and then stopped in the same bar. I don't have my MT platform to confirm the lost pips Forgot to write that in there, good eye thank you. I'll put it ...

4H 5EMA System

If someone can come up with something like that I would consider doing it. Its just very hard to have a completely mechanical system that works great in ranging market and yet breaks even in trending markets. Im all ears for a system that does this. ...

4H 5EMA System