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4H 5EMA System

  • #2,761
  • Jan 22, 2009 4:06pm Jan 22, 2009 4:06pm
Quoting viktordoktor
Hi!

I am very interested in this system and feel it work. But as I am not experienced trader it rather difficult to get right point. Please, help and comment my work.(EUR/USD H1...
I think the better way will be if You down load Alpari US metatrader and trade for couple of week , looking on result of other guys , read thread and reread carriful word dok , which make El Dee with 4Hema rules .
Regards
Peter
  • #2,762
  • Jan 22, 2009 4:42pm Jan 22, 2009 4:42pm
Quoting pitpiter
I think the better way will be if You down load Alpari US metatrader and trade for couple of week , looking on result of other guys , read thread and reread carriful word dok , which make El Dee with 4Hema rules .
Regards
Peter
Thanks, I also think Alpari will be better- I will do it, newertheless it this situations I kindly ask at least short comments- I am not sure I understand system
REGARDS
  • #2,763
  • Jan 22, 2009 5:13pm Jan 22, 2009 5:13pm
Hi Fourxtrader,

Like Howard, I have also traded this method on the 8hr and 12hr charts. I found the results to be patchy and after a couple of months of forward testing decided to just stick with the 4hr.
If there is ever any doubt then there is no doubt.
  • #2,764
  • Jan 22, 2009 5:29pm Jan 22, 2009 5:29pm
Quoting TimeFreedom
@ ViktorDoktor;

Bar 6 is not a setup bar because it doesn't make a lower low (LL). Everything else looks good.

TimeFreedom
really! bar 6 not set up, thanks.Interesting, I feel that system work but still do not have positive expiriance
  • #2,765
  • Jan 22, 2009 5:48pm Jan 22, 2009 5:48pm
Quoting TimeFreedom
I am not sure I understand what your saying in this part of your message, but you shouldn't have been stopped -3 pips. It looks like you would have been stopped in positive pips after the 7th bar.

TimeFreedom
It seems you a right. I was a bit nervous and stop beforehand.
Questions: All reversal orders I put during the trade - shall I left it to be active or I need rejest it after the new one?

Regards
  • #2,766
  • Jan 22, 2009 5:50pm Jan 22, 2009 5:50pm
Quoting pitpiter
I think the better way will be if You down load Alpari US metatrader and trade for couple of week , looking on result of other guys , read thread and reread carriful word dok , which make El Dee with 4Hema rules .
Regards
Peter
I have innstall Alpari Metatrader- completely the same system I use before- TeleTrader - twins

Regards
  • #2,767
  • Jan 22, 2009 5:53pm Jan 22, 2009 5:53pm
Quoting pitpiter
I think the better way will be if You down load Alpari US metatrader and trade for couple of week , looking on result of other guys , read thread and reread carriful word dok , which make El Dee with 4Hema rules .
Regards
Peter
reread carefull word dok which make El Dee .... where I can find it?

Regards
  • #2,768
  • Jan 22, 2009 6:02pm Jan 22, 2009 6:02pm
Quoting viktordoktor
reread carefull word dok which make El Dee .... where I can find it?

Regards

Post #2472
  • #2,769
  • Jan 22, 2009 8:53pm Jan 22, 2009 8:53pm
I just wanted to thank Sterling and all the others who spent countless hours developing and explaining the system. I finally finished reading the entire thread!

I feel like I have a pretty good understanding of the system, so hopefully I won't ask to many silly questions while I Demo. I'm hoping all goes well so I can go live soon.

Anyway, thank you again to everyone who has contributed to this great system.
  • #2,770
  • Jan 23, 2009 2:27am Jan 23, 2009 2:27am
Quoting fourxtrader
Post #2472
Yes, I have read it - but as usual - a lot of questions

Regards
  • #2,771
  • Jan 23, 2009 4:39am Jan 23, 2009 4:39am
Quoting viktordoktor
Yes, I have read it - but as usual - a lot of questions

Regards
I hope , when You careful read this doc , You find more answer on Your question and if after that left some , please ask
All metatrader looking similary , but every broker have his own ticks data , which different for other brokers and some brokers have different time for 4H and daily candles , it why I recomended You Alpari US . We all in this thread use this one and in this case will easer way to answer Your questions.
Good luck
Peter
PS
current situation on my chart
sell from 1.3683 SL 1.3922 and looking as current bar will set up bar for long , but need wait 20 min
  • #2,772
  • Edited 10:00am Jan 23, 2009 5:12am | Edited 10:00am
Hi All,
When I was preparing the Daily timeframe rules I spotted an error in the 4hr timeframe rules document; 4.8 Example note 9 and 10 were wrong.
Notes 9 & 10 amended
I can't edit that post (unless someone can tell me how to) so here is the ammended version. Sorry if I caused confusion
E£ Dee

Note 3 on Example 4.8 also amended
Attached File(s)
File Type: doc 4 Hr 5 EMA System.doc   575 KB | 563 downloads
You don't have to be right, just don't be too wrong
  • #2,773
  • Jan 23, 2009 5:15am Jan 23, 2009 5:15am
And now current trades are
sell from 1.3683 SL 1.3797
pending buystop
price 1.3797 SL 1.3497
good luck
Peter
  • #2,774
  • Jan 23, 2009 6:57am Jan 23, 2009 6:57am
Quoting El Dee
Hi All,
When I was preparing the Daily timeframe rules I spotted an error in the 4hr timeframe rules document; 4.8 Example note 9 and 10 were wrong.
Notes 9 & 10 amended
I can't edit that post (unless someone can tell me how to) so here is the ammended version. Sorry if I caused confusion
E£ Dee
€£ Dee

Thank you for all the hard work and documents prepared for this excellent system
Regards
  • #2,775
  • Edited 7:51am Jan 23, 2009 7:07am | Edited 7:51am
Hi El Dee .
Can U confirm this example from Your doc daily rules example 4.8 p.4:
Bar 4 hits the stop loss and triggers sell stop order placed below bar 3
As for me in this example sellstop order must be placed below bar 2
I can't get one things in this example.
On bar 2 our buy was stopped and we can apply Tweak#1 (I hope we wait for 2 close , because if not which parameters for buystop we use)
2 is "regular" set up bar for long and we can open buystop , on bar 3 triggered this buystop and when 3 close we can place reverse order with price equal SL from buy , any words lower from bar 2 , 3 do not make new lower.
The same thing I find in doc with 4H rules .
Thanks
Peter
  • #2,776
  • Jan 23, 2009 9:10am Jan 23, 2009 9:10am
Quoting pitpiter
Hi El Dee .
Can U confirm this example from Your doc daily rules example 4.8 p.4:
Bar 4 hits the stop loss and triggers sell stop order placed below bar 3
As for me in this example sellstop order must be placed below bar 2
I can't get one things in this example.
...The same thing I find in doc with 4H rules .
Thanks
Peter
Peter - yes, you are right, this is the same as bar 9 which also did not make a new low and was therefore not a setup bar - well spotted, document ammended!
You don't have to be right, just don't be too wrong
  • #2,777
  • Jan 23, 2009 9:28am Jan 23, 2009 9:28am
Quoting El Dee
Peter - yes, you are right, this is the same as bar 9 which also did not make a new low and was therefore not a setup bar - well spotted, document ammended!
El Dee, I just checked post #2772 (http://www.forexfactory.com/showpost.php?p=2489209&postcount=2772)and there's no doc attached now. You must have forgotten to attach it after your last correction. Can you please check yourself?
BTW Thank you once again for your wonderful job!
  • #2,778
  • Jan 23, 2009 9:52am Jan 23, 2009 9:52am
Quoting El Dee
Peter - yes, you are right, this is the same as bar 9 which also did not make a new low and was therefore not a setup bar - well spotted, document ammended!
Thanks a lot.
Quik question.
If my situation looking like on pic , current bar make new lower , and now I hope it be new setup bar for long .
I need change stoploss for sell and change buystop order on data from current bar before market stop , or after market start with mondays candle?
Thanks
Peter
  • #2,779
  • Jan 23, 2009 9:55am Jan 23, 2009 9:55am
Quoting alright
El Dee, I just checked post #2772 (http://www.forexfactory.com/showpost.php?p=2489209&postcount=2772)and there's no doc attached now. You must have forgotten to attach it after your last correction. Can you please check yourself?
BTW Thank you once again for your wonderful job!
I hope , she want fix document ,and You must wait or I can send You on e-mail , version , which I get.
Regards
Peter
  • #2,780
  • Jan 23, 2009 10:05am Jan 23, 2009 10:05am
Quoting alright
El Dee, I just checked post #2772 (http://www.forexfactory.com/showpost.php?p=2489209&postcount=2772)and there's no doc attached now. You must have forgotten to attach it after your last correction. Can you please check yourself?
BTW Thank you once again for your wonderful job!
Sorry - had to go and pick the little Dee's up from school b4 I finished editing. I hope it's right this time!
I should have picked an easier example but if you can work your way thru that one, you know the system well! (and when it runs in real time, it's always easier to see - I think!)
You don't have to be right, just don't be too wrong
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