Peter, I'm demo trading of course, but how is it possible to get such a big difference? Was the price moving fast on both occasions?

4H 5EMA System

Reversal short triggered, trade closed at -112. Now we're in from 1.3856, with SL at 1.4061. @ AlexL I'm taking the pics while showing the scale as well this time. I hate cluttering up the thread with big pics.

4H 5EMA System

Meanwhile the party is over for now and the trade was closed with a whopping 793 pip profit (only? ) . We are long now and, since the reversal bar has just closed, we also set a sell stop order at the same level as the SL: 1.3910.

4H 5EMA System

You might want to download MT4 demo from Alpari US which is the one that people use for the signals on the thread, and then place the trades with your own broker. i see other people more qualified than me have answered your other questions ...

4H 5EMA System

SL and pending buy adjusted to 1.4022, while the SL for the buy order goes to 1.3856. @ fourxtrader In the pic attached the red arrow marks the entry bar for the current short while the 2 horizontal lines at the bottom mark the levels I just ...

4H 5EMA System

SL and pending buy adjusted to 1.4282, while the SL for the buy order goes to 1.3931.

4H 5EMA System

Thanks, howard. As I see it, the latest short was opened at 1.4643. Correct?

4H 5EMA System

El Dee, are your buy entry levels already inclusive of spread, or should they become 13 pips above setup bar?

4H 5EMA System

Well, I wish I were trading for real... Unfortunately I see I still make some stupid mistakes. I need more practice. Also I need to find a reliable way to place trades when I'm away from home. This system is still proving itself to be sound ...

4H 5EMA System

Stop Loss and buy order moved to 1.4353. SL for buy order set to 1.4127. One more step to heaven

4H 5EMA System

Just to update my view: we've been short since 1.4815 and the actual SL is at 1.4521. So we've locked 294 pips! Hats off to Sterling once again! A buy order is pending at the same level, with a SL at 1.4355. And with the latest news from ...

4H 5EMA System

Hi guys. I'm sorry for the mess. I've been away all day and I just popped in. At a quick glance I see I was wrong (again ) and the day should have started with a buy. Then a new sell setup took place and we got into what looks a magnificent ...

4H 5EMA System

Hello. It seems like we start the week with a short at 1.4782 and a stop loss at 1.4917. Nice to see you back, Sterling.

4H 5EMA System

Thanks bhupinder. Long closed @ 1.4890 with a 244 pip profit. for sterling... Sell order triggered @ 1.4890 and SL in place @ 1.4988.

4H 5EMA System

SL and and pending reversal sell order moved to 1.4799 + opposite buy SL @ 1.4966. I hope the lack of replies here means I'm getting it right.

4H 5EMA System

After 2 more subsequent short setup bars the current situation is: SL and pending reversal sell order @ 1.4757 + opposite buy SL @ 1.4899.

4H 5EMA System

The reversal bar that triggered the buy order has now become a short setup bar. The SL moves to its low minus 5 pips i.e. 1.4619 (with a reversal sell order as well) and an opposite buy SL goes to 1.4684.

4H 5EMA System

patrick, should you not be in at 1.4646? High + 5 + spread?

4H 5EMA System

Right. Now we're long once again @ 1.4646 with a stop loss @ 1.4468.

4H 5EMA System

Thanks for encouraging jt. My view now is that we have a short setup bar, so our stop loss for the current long has been moved to 1.4578 and we've also entered a sell order at the same level with a stop loss at 1.4656.

4H 5EMA System