The preceeding bar closed at 8:00 PM EST. The current bar will not close until midnight. I am going to let it close to see if it creates a reversal bar.
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Actually DCB it's already a reversal bar, should have entered long once price moved 5 pips above the previous bars high
The preceeding bar closed at 8:00 PM EST. The current bar will not close until midnight. I am going to let it close to see if it creates a reversal bar.
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Dcb i have looked at your chart and it is not the right chart. I have no idea where that one came from your numbers on your chart do not match the G/U. Post a up to date chart so i can answer you question. I am in a short right now at 1.5550
Here is another expert advisor for this system : 4H 5EMA System Expert Advisor (http://www.tradingsystemforex.com/expert-advisors-backtesting/250-4h-5ema-system-ea.html).
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According to funyoo's EA, the 6EMA gives better result..
Come to think about it, sterling, have you tried different EMA also?
As i have allready posted this morning in Australia i did 177 pips in about 40 minuted and when the london markets opened i did 94 pips in about 30 minutes. The way that im doing it is quite simple. I setup all the charts, about 8 and i put the template 4HR5ema on and save them to Profile as default, then i turn of Expert adviser in the top toolbar and then load the 4HR5EMA ea to each chart and then save to profile 4HR5EMA with robot, this is so that i can manage my research and set the robot when i need to trade. The Profile is at the bottom of...
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Thanks Steadyincome
If I understand you correctly you are trading the open of the Sydney market and scalping your trades off the clearing when the open hits. Then doing the same for the London open also. I am here in the Philippines so I think we are close to the same time zone. As I look back on my charts this seems to be a really good scalping strategy. You just dont want to still be in any trades about an hour after each market has its open. Let me know if I am wrong about something.
I am having trouble downloading the EA on this. My computer does not have the program that created it. It says. Could you let me know the program?
According to funyoo's EA, the 6EMA gives better result..
Come to think about it, sterling, have you tried different EMA also?
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ivonivon, Me and my cousin sterling came up with this system and i know that i have never tried to use a different ema. If sterling has he did not tell me about trying a higher ema but he could of. If you have used a 6 ema i am curious to see the pip count for a month compared to the 5 ema.
Dcb i have looked at your chart and it is not the right chart. I have no idea where that one came from your numbers on your chart do not match the G/U. Post a up to date chart so i can answer you question. I am in a short right now at 1.5550
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Hiranya,
You are right. The prices look like the EUR/USD. I do not know how I did that.
I read the opening post but honestly it's not very clear how this system works and how I recognise a long/short segnal.
Can someone explain that again shortly?
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Hi Corre,
It will take you about 2 days to read this thread from start to finish - I know, I've just done it!
It will be the most valuable 2 days of your life and you will understand this system perfectly at the end of it.
Print the rules and the first two months charts and the descriptions that go with them, read through them a couple of times and I promise you will get it.
You don't have to be right, just don't be too wrong
Correct me if i'm wrong but we are not positive this month...as of yet!
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No were up around 400+ pips this month. Im in Charlotte right now and should be home tonight and will give a offical update on the pip count for the month.
I can't believe this, anyone else noticed the first 4H candle of the week has repainted!! (Alpari)
lower time frames still tell the truth but not the 4H, I've heard of repainting indicators, but not this.
Steve.
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Unfortunatly we didnt catch the big move down...well not all of it atleast. The 12,4,8 close times might have had more success but im not at home to look right now. As far as the repainting goes ive never seen this before. I no longer have a Alpari-us live account because I closed it so I cant tell weather or not it is just the demo doing this. Ill have the chart that includes mon,tue,and today when I get home and ill post it. Should be back by 10PM EST at the latest, I hope.
An earlier post suggested moving stop loss to B/E after 100 pip move - I did this earlier today, got taken out and was left flat during the big move this afternoon. I won't be doing that again.
On the bright side, I made 1 pip!
You don't have to be right, just don't be too wrong
An earlier post suggested moving stop loss to B/E after 100 pip move - I did this earlier today, got taken out and was left flat during the big move this afternoon. I won't be doing that again.
On the bright side, I made 1 pip!
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You would have been taken out before the big move down anyway. There was a buy setup bar and then the second bar triggered the buy and stopped us out in the same bar. Since this happened during the same bar we didnt have a reversal trade in and are therefore flat on the G/U right now. As I said before also other 4H close times may have stayed in and cought the ride down.
