4H 5EMA System

Quoting VitaminBeer

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This one really mind boggles me - I've been over the rules and your 1/2/3/4... explanation on how you enter and exit the trades. I think because we can't see the actual numbers on the pip count of where your talking about it makes it a bit harder to understand.

So from what I understand your just going from Buy to Sell to Buy to Sell and so on and so fourth.

It seems like a good idea I just wish I could better understand it better, as far as I know it's based on the same method as Effi brought to us except you just go on every 5 EMA hit in the opposite direction untill stopped out and then reverse the trade.

If you could post your trades live that might help us better to understand, I think that would be a good idea.

Well, all the best, your method looks promising

Cheers,

VB,

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Quoting stersuhr

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Yes thats exactly it. Every time a buy signal is given I take it and everytime a sell is given I take that. No filter if you will. So if im long and I get a sell signal I exit and go short and the same if im short and I get a but signal I go long. Do you understand the concept of the setup bar and reversal bar, becasue if you do thats most all of the system. Only one more rule to learn after that but I dont want to confuse.

I will post them live. My charst are set for a new bar to start every 2,6, 10 AM 2,6,10PM EST. As ive said you only have to look at the market once every four hours. Right now the opening 4 hour bar for the night broke the lower EMA by more that 5 pips so we would be looking for a long but were already long so there is no chance of a trade being taken on the current 4 hour bar. If we werent long from friday I would have a the following order in the market.

buy stop - 1.7626 (5 pips above the setup bars high plus 3 pips included for the G/U's spread, so technically 8 pips above the high of the setup bar.
Stop loss - 1.7650 (the stop is 5 pips below the setup bars low.)

Does this help at all.

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Quoting kodflakes

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One good thing is that this sounds like it can be completely automated is that in your plan for this? Also it seems that it is something that needs to be automated since you want to be in the market at all times.

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Quoting alllivemind

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Stersuhr,
Thanks for going through all this to help us. I understand your rules perfectly I think. The charts and examples are quite clear to me. I wonder if this works well on many other pairs. I particularly like the GPY/JPY but a quick look at just the last few trades is not good. I think it's too whippy and stops us out and gives a lot of false reversals.
Michael

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Quoting stersuhr

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I hope this answers your questions. I think im going to just post the trades live. People are seeming to not understand my way of conveying the system.

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Quoting Nut

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hello stersurh

I find this a very interesting method of entering a market and I am currently testing and shall vote accordingly in one month.

A question though if you do not have a set up bar do you ever use that fact to make a continuation trade in a lower time frame?

Many thanks for you efforts
Nut

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Quoting abbeylad

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Stirling,

Thank you for this nice system.Please which broker do u use?

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Quoting sutters

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Hey Stersuhr,
Thanks for the system.
Would you move your entry to above the next bar now so entry would be 7613 or just keep it to the origanal entry point?

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