The previous bar which has gone through both EMAs is not a valid setup bar, therefore we ignore it and the current bar does not need to break its high

4H 5EMA System

When the current bar closes in abour two hours, it will be a setup bar to go short Apart from that I do not see any setup

4H 5EMA System

We were short and we got stopped out, now we are flat waiting for the next setup when the current bar (which was the reversal bar) closes

4H 5EMA System

There was no order to reverse, we have to wait for the reversal bar to close

4H 5EMA System

Waiting for a new setup bar

4H 5EMA System

2, 6, 10 EST 7, 11, 15 GMT are correct

4H 5EMA System

Not enough to have a look at the rules in my opinion, they have to be printed and in front of you for a while, that is what I did, after that you can ride the bike very easily.

4H 5EMA System

Stop loss for a sell position is a BUY order hence 5 pips +spread above the high. Stop loss for a buy position is a SELL order hence 5 pips below the low.

4H 5EMA System

On any buy order whether it is entry or stop loss we add spread. On any sell order whether it is entry or stop loss we DO NOT add spread, that is because charts plot the bid price.

4H 5EMA System

For shorts 5 pips below for longs 5 pips plus spread above

4H 5EMA System

5 pips below the low

4H 5EMA System

Yes, the current bar when closed is a setup bar to go short and it maybe the best point to start, still 3 hours left to close.

4H 5EMA System

IBFX charts have a Sunday bar of 1 hour duration and any charting with a Sunday bar is not suitable for trading this method, in addition to that IBfx charts are one hour behind the 4 hr bars which we are testing here. It would be much better to use ...

4H 5EMA System

Daily bars — The chart posted by Paulus is from Alpari UK. Daily bars close at 23:00 GMT (23:00 UK) on his chart.

EOD trading system

Stops — As regards moving the stop: you should move your stop to the low of the last closed bar(in case of a long trade) only if this last bar qualifies as a setup bar to go short, for instancsce if it is a bar which pierces both emas you do ...

4H 5EMA System

Daily — El Dee Did you use alpari charts? They close at 11pm GMT

4H 5EMA System

Max drawdown is less than 4 hourly Average per month roughly the same as 4 hourly Work required 15 mins per day

4H 5EMA System

That is what the rules say, after reversal bar closes; and that is why I said my chart shows a flat position, hopefully Sterling will clarify. By the way it is 5 pips below the low for going short not 8 pips; 8 pips is for going long above the high, ...

4H 5EMA System

You are using interbankfx charts in which 4 hour bars start one hour later than our charts, 00GMT, however bar #2 has closed your short from bar #1 and at the same time has put you in a long trade, your long trade should have also been stopped out ...

4H 5EMA System

I read your post again, your chart shows that bar 1 has the lower low but you say that bar 2 is lower than bar 1. Whichever has the lower low is the setup bar after it closes, obviously bar 1 has already closed

4H 5EMA System