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4H 5EMA System

  • #861
  • Nov 4, 2008 8:56am Nov 4, 2008 8:56am
1) What are the sell stop, that are on my Orders and they have no profit, swap or commission and they are empty, i have never seen them before.
2)Are any of you trading Live and on what pairs
3)Do the trades close out when the trend reverses
4)Do i need to put in a Trailing Stop my self.
5)I have seen the backtesting and they are impressive, are they accurate or is back testing not a good indicator.
6) sorry for all the questions but i need to know as my Demo's are going good.
  • #862
  • Nov 4, 2008 11:29am Nov 4, 2008 11:29am
Quoting Kosomolate
Hi! Sterling,

is the EA still on the debbuging stage?

kos
He said it would be done this week, no word as of yet but he will let me know when it is done.

-Sterling
Founder of Day Trading Forex Live
  • #863
  • Nov 4, 2008 11:33am Nov 4, 2008 11:33am
Quoting steadyincome
1) What are the sell stop, that are on my Orders and they have no profit, swap or commission and they are empty, i have never seen them before.
2)Are any of you trading Live and on what pairs
3)Do the trades close out when the trend reverses
4)Do i need to put in a Trailing Stop my self.
5)I have seen the backtesting and they are impressive, are they accurate or is back testing not a good indicator.
6) sorry for all the questions but i need to know as my Demo's are going good.
1.) A sell stop is a order to sell when the market goes below a certain price.

2.) Yes, live on the G/U only

3.) When you get a signal to go the other way you exit the current position and reverse the trade.

4.) You look at the market once every 4 hours and adjust the orders according to what the market is doing.

5.) This system is completely mechanical so there is no human thought into a decision only a rule. That being said if you backtest slowly with the thought of accuracy in mind you could backtest 100%. This is only possable because it is mechanical and requires no "gut" decisions.

-Sterling
Founder of Day Trading Forex Live
  • #864
  • Nov 4, 2008 3:19pm Nov 4, 2008 3:19pm
Trade #1 was stopped out for +459 pips

Trade #2 is currently still active. We are long from 1.5765 with are stop at 1.5909 which if stopped out would lock in +144 pips. At the stop loss for the long you should have a sell stop as well and the stop loss on the sell stop should be 1.6117.

We've had a good start to the month, already up over +600 pips. Lets hope the positive equity run continues.

-Sterling
Attached Image (click to enlarge)
Click to Enlarge Name: nov 4th.gif Size: 51 KB
Founder of Day Trading Forex Live
  • #865
  • Nov 4, 2008 6:42pm Nov 4, 2008 6:42pm
Thanks for the answers Stirling.
  • #866
  • Nov 4, 2008 7:25pm Nov 4, 2008 7:25pm
Hey Guys,
This could have been discussed before Im not sure but I wanted to know what platforms are the same time change over as Alpari, I juts had a big gap in data which has changed the chart big time in Alpari so a back up would be great.
Thanks for your help.
K
  • #867
  • Nov 4, 2008 7:39pm Nov 4, 2008 7:39pm
Quoting sutters
Hey Guys,
This could have been discussed before Im not sure but I wanted to know what platforms are the same time change over as Alpari, I juts had a big gap in data which has changed the chart big time in Alpari so a back up would be great.
Thanks for your help.
K
The live Alpari charts didnt have a price spike...are you using a demo?

-Sterling
Founder of Day Trading Forex Live
  • #868
  • Nov 4, 2008 7:45pm Nov 4, 2008 7:45pm
Quoting sutters
Hey Guys,
This could have been discussed before Im not sure but I wanted to know what platforms are the same time change over as Alpari, I juts had a big gap in data which has changed the chart big time in Alpari so a back up would be great.
Thanks for your help.
K
Me too, I would really like to see G/U and E/J if anyone with live Alpari has those charts or with another broker with that time.
Thanks
  • #869
  • Nov 4, 2008 7:48pm Nov 4, 2008 7:48pm
Quoting sutters
Hey Guys,
This could have been discussed before Im not sure but I wanted to know what platforms are the same time change over as Alpari, I juts had a big gap in data which has changed the chart big time in Alpari so a back up would be great.
Thanks for your help.
K
If you are using Alpari UK they did Maintenance on the demo server, that is likely why- Alpari US was ok. I have Alpari UK live but still continue to use the US demo for now because the stupid extra 5th digit on demo of UK still confuses me haha.

"
Dear Demo Clients,

At 00:10 MetaTrader time on 5th November 2008 we will be carrying out maintenance on our demo server so there will be 20-25 minutes interruption in service for our demo clients.
Live clients will be unaffected.
Please accept our apologies for any inconvenience this may cause.

Alpari (UK) Limited
"
  • #870
  • Nov 4, 2008 7:56pm Nov 4, 2008 7:56pm
Quoting alllivemind
Me too, I would really like to see G/U and E/J if anyone with live Alpari has those charts or with another broker with that time.
Thanks
Here's the charts for the G/U and the E/J. This is my live Alpari-US account.

-Sterling
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e.gif Size: 69 KB
Click to Enlarge Name: g.gif Size: 68 KB
Founder of Day Trading Forex Live
  • #871
  • Nov 4, 2008 8:05pm Nov 4, 2008 8:05pm
Quoting stersuhr
Here's the charts for the G/U and the E/J. This is my live Alpari-US account.

-Sterling
Thanks Sterling!
  • #872
  • Nov 4, 2008 8:08pm Nov 4, 2008 8:08pm
Quoting alllivemind
Thanks Sterling!
No problem buddy...ask and you shall recieve!!!

-Sterling
Founder of Day Trading Forex Live
  • #873
  • Nov 4, 2008 8:37pm Nov 4, 2008 8:37pm
Just thought I would let you guys now im short the AUD/USD and the EUR/USD. The Austrailia central bank was very dovish last night after the .75% cut and so they will most likely be cutting rate in the next 2 months. I have a 125 pips stop on that. If you take a look at the EUR/GBP it has made a massive triple top and so we should see some weekening of the Euro and therefore im short that as well. I also have a 125 pip stop on that. You can get a better price then I got on both of them right now incase anyone wants to take that short. Hope someone took my AUD short yesterday, it was good for over +150 pips. Ill keep everyone updated on these trades.

-Sterling
Founder of Day Trading Forex Live
  • #874
  • Nov 4, 2008 9:31pm Nov 4, 2008 9:31pm
To those with Alpari working right: Did we penetrate the lower band by 5 pips? I cannot tell by the posted chart or by my demo.
M
  • #875
  • Nov 4, 2008 9:33pm Nov 4, 2008 9:33pm
Hey Guys,
Yeah i am on the UK demo so that would have been the deal with the break in data.
I will see if I can down loiad the US demo aswell.

Thanks again.
  • #876
  • Nov 4, 2008 9:35pm Nov 4, 2008 9:35pm
Is it correct that we are now short at 5921
  • #877
  • Nov 4, 2008 11:37pm Nov 4, 2008 11:37pm
Quoting sutters
Is it correct that we are now short at 5921
According to Alpari-us you should be short from 1.5909 If your using a different 4H close time then your setup candles low could be a little higher and provide a little better entry, either way you should be short the G/U with the stop at 1.6117

-Sterling
Founder of Day Trading Forex Live
  • #878
  • Nov 4, 2008 11:38pm Nov 4, 2008 11:38pm
Quoting alllivemind
To those with Alpari working right: Did we penetrate the lower band by 5 pips? I cannot tell by the posted chart or by my demo.
M
The last candle did not. The current candle at its close will be the new setup bar to go long.

-Sterling
Founder of Day Trading Forex Live
  • #879
  • Nov 5, 2008 12:09am Nov 5, 2008 12:09am
By the way I exited my AUD short for a -30 pips loss and put a 200 pip stop on my EUR short of 1.3124 I dont want to get shaken out before they cut on Thursday. I feel like Trichets comment and a possable larger than expected cut are worth holding a short into the report on thursday.

-Sterling
Founder of Day Trading Forex Live
  • #880
  • Nov 5, 2008 2:23pm Nov 5, 2008 2:23pm
Quoting Jnita
as attached: \goldminer\
I tried this indicator on the 5 min time frame and had four bars repaint from blue to red. I'll try it on 4 hour now and see what happens.
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