-Sterling
Founder of Day Trading Forex Live
TEB 5ema & 12ema and 21 RSI (MTF) 1,726 replies
5EMA hilo system, and EA Idea 18 replies
4H 5EMA System's EA 79 replies
4HR 5EMA Expert Advisor 42 replies
when 5EMA crosses out of 55LWMA channel 0 replies
DislikedThe first long stopped out, the 2nd long not triggered yet
Buy stop at 1.7535 with stop loss at 1.7332, this one has a very big stop loss.
I appreciate if the author would continue to post his live trades as they happen until we learn the method properly and test it in realtimeIgnored
DislikedSterling tell me if I am picking the right candles here. The first green arrow is the setup candle now the red arrow candle I consider your reversal candle, that would trigger the short as it has a lower low and a lower high. Now am I going over your rules correctly? Now the second to the last candle in the chart looks like another setup candle but the following candle would keep me in the short correctIgnored
DislikedHere is a chart illustrating the reason that it is almost impossible to look at historical charts and measure this system's performance.
It appears, from looking at this chart, that we are in profit, since last night's open.
We are really in a loss. The bar with the large arrow over it, triggered a long which got stopped out. The bar opened, triggered the long then fell back down and hit the SL.
This is not to say that this system won't make money. I suspect it will. It will have to be tested in real time, to know.Ignored
DislikedThe first long stopped out, the 2nd long not triggered yet
Buy stop at 1.7535 with stop loss at 1.7332, this one has a very big stop loss.
I appreciate if the author would continue to post his live trades as they happen until we learn the method properly and test it in realtimeIgnored
DislikedBill I think you have it a little off. We are not in profit...it triggered are long and then stopped us out pretty much right away. It is very easy to backtest this system. Even if its not my trade count for last month is live. I opened a demo for this account only so I dont have to show my live account. Ill post this at the end of every month or whenever someone wants to see it.
-SterlingIgnored
DislikedSince we both said that we are not in profit and that the long trade was immediately stopped out, I don't see how I've got it wrong.
I said the same thing you just said.
The point I was making is that you cannot be sure that the losing long trade occurred, by looking at the 4H chart. You can't tell for sure when the low of the reversal bar occurred. If it had gone below the set-up bar before breaking the high of the setup bar, the trade would not have been taken.Ignored
DislikedI just found this tread and i do not understand it.. . so i trade long if it breaks the lower 5ema and short if it breaks the upper ema. Is there any trades tonight? There was some bars that broke the lower ema so is that a long trade? If you could help me on this one please do because i would love to make BIG PIPS.Ignored
DislikedSo if i am long and it broke the upper ema with a new high that would be a revsal set up bar and the next bar would have to be lower then the set up bar for a sell right???Ignored
Dislikedsweet so this is a no brainer system... So how can you put your emotions behind you.that is a big problem for me i hate to see my money go down and if it starts to i freak. I do realy like this system and i will be on it all the time and i hope that shortly i will be able to put some good input on this tread.. So stersuhr where do you live?? I am from michiganIgnored