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4H 5EMA System

  • #1,221
  • Nov 18, 2008 12:53am Nov 18, 2008 12:53am
I want 500 pips a month on 3 different pairs for 1500 pips a month total, that's all I'm sayin'!

if it works for one, let's make it work for 3 non-correlated pairs and triple our gains
  • #1,222
  • Nov 18, 2008 1:06am Nov 18, 2008 1:06am
Quoting Repipula
I want 500 pips a month on 3 different pairs for 1500 pips a month total, that's all I'm sayin'!

if it works for one, let's make it work for 3 non-correlated pairs and triple our gains
Im with ya on that, but I need some hard evidence in order for me to put my time and effort into optimizing a pair. Show me something is pretty good and Ill optimize the little variables to make it better. I just dont have time to look right now.

-Sterling
Founder of Day Trading Forex Live
  • #1,223
  • Nov 18, 2008 1:31am Nov 18, 2008 1:31am
Quoting Repipula
I want 500 pips a month on 3 different pairs for 1500 pips a month total, that's all I'm sayin'!

if it works for one, let's make it work for 3 non-correlated pairs and triple our gains
Me too Rep. But most of us who have been in here awhile are quite happy with this system and can be patient to wait for the EA to come out soon. Then we can easily optimize for other systems.
  • #1,224
  • Nov 18, 2008 1:37am Nov 18, 2008 1:37am
Sterling
It is absolutely awesome what you have given here! You have every right to fell as you feel and ask for what you ask for. My little 2 cents: Don't change the name!
Michael
  • #1,225
  • Nov 18, 2008 1:42am Nov 18, 2008 1:42am
Quoting alllivemind
Sterling
It is absolutely awesome what you have given here! You have every right to fell as you feel and ask for what you ask for. My little 2 cents: Don't change the name!
Michael
I changed the name once you click on the thread not the name you see when you look at the threads. Yeah I think it was a fair request.

-Sterling
Founder of Day Trading Forex Live
  • #1,226
  • Nov 18, 2008 1:44am Nov 18, 2008 1:44am
quick question, i'm tired and I can't seem to remember...

Bars go up, then come down and trigger a sell. Bars do not make it to the lower EMA and two bars after the sell is triggered the current bar starts heading long. Where is the stop? Is it 5 pips + spread above the original set up bar because no opposit signal has been given yet, or do you ride the stop down on each progressive bar even if the price has not broken the lower EMA yet?

The girlfriends folks are staying with us and they like my margaritas ;-} I need to go to bed...
  • #1,227
  • Nov 18, 2008 1:48am Nov 18, 2008 1:48am
Quoting PowerBySol
quick question, i'm tired and I can't seem to remember...

Bars go up, then come down and trigger a sell. Bars do not make it to the lower EMA and two bars after the sell is triggered the current bar starts heading long. Where is the stop? Is it 5 pips + spread above the original set up bar because no opposit signal has been given yet, or do you ride the stop down on each progressive bar even if the price has not broken the lower EMA yet?

The girlfriends folks are staying with us and they like my margaritas ;-} I need to go to bed...
5 pips above the original setup bar. You only move the stop once a setup bar to go the other way has been given.

-Sterling
Founder of Day Trading Forex Live
  • #1,228
  • Nov 18, 2008 1:52am Nov 18, 2008 1:52am
Thanks Sterling -
I figured you have left Alpari so I might as well start trading my ODL bars, so now I can't follow the posts for comparisons.

Sleep in 8 minutes!
  • #1,229
  • Nov 18, 2008 1:56am Nov 18, 2008 1:56am
Quoting PowerBySol
Thanks Sterling -
I figured you have left Alpari so I might as well start trading my ODL bars, so now I can't follow the posts for comparisons.

Sleep in 8 minutes!
I still use them for my charts but as far as trading with them I dont anymore. Im still in the search for a good MT4 broker. I like Alpari they were always good to me, I probably made 15 withdrawals or more and they were usually the same day. Its just I dont like it when they put a 10-15 second delay on all your orders. If your not profitable youll love them, but if you start making a lot of money they will do it to you too.

-Sterling
Founder of Day Trading Forex Live
  • #1,230
  • Nov 18, 2008 2:00am Nov 18, 2008 2:00am
Odl has been resonable so far. They did increase the spread on G/U when it was dropping like a rock a couple of weeks ago. Though about leaving but have not. I'm not making huge profits yet, but I'm close to my first account doubling and they have been good. 'Course, I'm not scalping with big numbers yet...
  • #1,231
  • Nov 18, 2008 2:03am Nov 18, 2008 2:03am
Our sell was stopped out, with a loss of 118 pips.
We have reversed and are currently in a long, from 1.5090, with stoploss of 1.4932.

If eventually we get stopped out again before having a new setup bar, rules say we don't reverse again; instead we look for a new setup bar.
  • #1,232
  • Nov 18, 2008 2:08am Nov 18, 2008 2:08am
Quoting PowerBySol
Odl has been resonable so far. They did increase the spread on G/U when it was dropping like a rock a couple of weeks ago. Though about leaving but have not. I'm not making huge profits yet, but I'm close to my first account doubling and they have been good. 'Course, I'm not scalping with big numbers yet...
When I was trading with them they always had a delay with any order over 3 lots. Right after they flagged my account they now have a delay on anything over 2 lots lol. My cuz just opened an account with them and I was cracking up when I seen that. Sure wish I had another week with them I could do some damage. The market is way to liquid right now for me to scalp. Strange as it sounds the more illiquid the market the better I do. That 24K week was a direct result of quick jerky price action that is caused by illiquidity. Hopefully another few banks fail lol.

-Sterling
Founder of Day Trading Forex Live
  • #1,233
  • Nov 18, 2008 2:12am Nov 18, 2008 2:12am
Quoting stersuhr
5 pips above the original setup bar. You only move the stop once a setup bar to go the other way has been given.

-Sterling
Then if it is above the original setup bar, we can also think of it as a recent high (or low)
  • #1,234
  • Nov 18, 2008 2:15am Nov 18, 2008 2:15am
Quoting alllivemind
Then if it is above the original setup bar, we can also think of it as a recent high (or low)
Yeah, and thats the whole reason its there.

-Sterling
Founder of Day Trading Forex Live
  • #1,235
  • Nov 18, 2008 2:17am Nov 18, 2008 2:17am
The new setup...
Attached Image (click to enlarge)
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Founder of Day Trading Forex Live
  • #1,236
  • Nov 18, 2008 2:21am Nov 18, 2008 2:21am
  • #1,237
  • Nov 18, 2008 2:37am Nov 18, 2008 2:37am
Quoting stersuhr
The new setup...
Nice! The warp drive must be under the desk, right?
M
  • #1,238
  • Nov 18, 2008 2:39am Nov 18, 2008 2:39am
That set up does look good buddy. Im wondering how the scalping went today. I got whipped around a bit. I saw the post on the scalping during illiquidity. Makes sense. Let me know how ya did.

Chad
  • #1,239
  • Nov 18, 2008 2:40am Nov 18, 2008 2:40am
Quoting alllivemind
Nice! The warp drive must be under the desk, right?
M
LOL yeah just slightly out of frame. You wouldnt believe how heavy 6 22" monitors are. The bottom row of screens has there own comp and the top has there own. It turns out building computers that will run three screens can be a bit expensive...go figure lol

-Sterling
Founder of Day Trading Forex Live
  • #1,240
  • Nov 18, 2008 2:42am Nov 18, 2008 2:42am
Quoting Pip Hunterr
That set up does look good buddy. Im wondering how the scalping went today. I got whipped around a bit. I saw the post on the scalping during illiquidity. Makes sense. Let me know how ya did.

Chad
Yeah pretty shitty. I think I traded 7.8 million in the last 2 hours and ended up exactly break even. Its way to liquid right now.

-Sterling
Founder of Day Trading Forex Live
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