..good to see you here tonirai - I like the 'there will soon be an official ea' bit and it's good to see that they're not rushing one out and presumably giving it a thorough test..

4H 5EMA System's EA

You may regret if this runs for 500-1000 pips

4H 5EMA System

..you're right still to trigger..

4H 5EMA System

Ooops - forgot the 5 pips rule so we're still flat

4H 5EMA System

OK we appear to be short now - Alpari Uk was showing a new set up bar after the 2 failed reversals and the latest reversal bar has just broken the low by a few pips..

4H 5EMA System

..no opened trades with the latest version after 12 hours on a 15 minute chart using default setting on a 5 dec place Alpari UK chart...

4H 5EMA System

Good to see how this keeps us out of whiplash trades..waiting for the next short reversal/new set up bar..

4H 5EMA System

Felix is just about one of the best known forex 'wizard marketeers' out there - owning a forex review website which lists his own services has to be a conflict of interests, and he should keep the two well apart in my opinion. I have tried one or ...

4H 5EMA System

I've got it set up on the 4 hour and will report back One immediate comment is that the entry appears to be 5 pips past recent low high with no allowance for the spread?..

4H 5EMA System

Can I just clarify what happened on Alapri UK today. We had two short set up bars each with an identical highs @ ..66; so I took the most recent to be the valid one with a short entry @ 1.4855 (set up bar low -5). This was triggered by a pip to go ...

4H 5EMA System

Thanks for the ( double) clarification tonirai

4H 5EMA System

Thanks for clarifying this sterling - so after a proper set up bar, even if the following bar breaks the ema by 5pips, it only counts as a new set up bar if it is higher (for a short trade) or lower (for a long trade) than the previous bar.

4H 5EMA System

Just to make sure I am absolutely clear on the reversal rule - you only reverse when the bar closes without the stop being hit -so that in this case (04.00 long entry) if the long trade hadn't been stopped out and closed just above the stop, we ...

4H 5EMA System

Thanks sterling - can you explain why the bar @ 04.00 wasn't a reversal bar for the previous set up bar on your chart, as it appears to break the previous bars high by 10+ pips? Was it because it didn't open at a higher level for example? If it was ...

4H 5EMA System

El Dee the first line of my last comment says I am not in favour of changing any of the trading rules which you appeared to have missed -with no mention of taking early TP. What I may be on favour of doing is quitting for the month when we are well ...

4H 5EMA System

Although I am not in favour of changing the rules to an excellent system I see nothing wrong in quitting while you're ahead and not allowing 800-1000 pip months end up with much less. It would also mean that the unsociable trading hours didn't eat ...

4H 5EMA System

As always you are -what I like about this system is that once you get to grips with the relatively simple rules, it is so easy and stress free to trade. It's great to have lots of different market conditions to clarify the rules, and my guess is ...

4H 5EMA System

Just to clarify the short trade ( approx. 4972 level) had a reversal stop out and entry long ( with no new set up bar) which itself was stopped out - the rules state that only one reversal trade is allowed and therefore we shouldn't be short ...

4H 5EMA System

Very well put tlindle - it always staggers me how many wish to change a system which is obviously very profitable and simple - it requires nothing more than following a basic set of rules -that's it!

4H 5EMA System

Is there any 'honest' MT4 broker out there which you could use an EA/trade profitably with? I here good things about Dukascopy ( Swiss based) but there not MT4 and require and very high deposit. MT4 is very vulnerable to broker manipulation in ...

4H 5EMA System