Hi Ibo, Thanks for the insight. We will keep close eye on 1.2660 which is about 100 pips away. Also note that the angle of yellow is about to turn south. I have no problem to make it public as I'm a firm believer of knowledge sharing. It's my ...

EJ_4H method

agreed. lets sell on strength! the next a few bars will be critical, but since it has broken the yellow line, you can't go much wrong if you sell near the yellow 55sma line. of course, if you're an agreesive type, you could sell earlier.

EJ_4H method

good point, currently the EA trades immediately after the signal bar closes. what i could do is add an option so users can either trade at openning of new bar or follow your suggested strategy of placing stop orders upon breakout of high/low of ...

EJ_4H method

default settings should work just fine although you can put your own stoploss or takeprofit if you wish. feel free to backtest it.

EJ_4H method

Expert Advisor EJ_4H v1.0 — as ibo is so generous in creating the thread to help all of us, i gave up a large portion of my sleep last night by creating this EA with following rules: 1) buy/sell at the current bar if a EJ_4H signal appears at ...

EJ_4H method

i made 20 pip profit by selling GBPUSD before european open - good exit otherwise it could be very painful. now with gold price goes above 700 again, GBP is gaining some strength but as long as it doesn't break the magic 1.9000 it could be simply a ...

EJ_4H method

big yes to ibo.

EJ_4H method

reduced activity probably due to the fact that for the past 3 weeks, the eagerly expected retracements only lasted 1 day yesterday. i must admit that there have been few trading opportunities since this thread started but lets hope the great setup ...

EJ_4H method

GBP heading down — Ibo, Looking at the latest GBP 4H chart, it made a small bounce from yesterday's sell off but seemingly met with strong resistance at the blue 38.2 fib level. I think there is a good chance for GBP to re-test yesterday's ...

EJ_4H method

I can help to write the first draft but I need to be clear on the rules: 1) do we buy/sell immediately after arrow appears or should we wait until the bar closes? 2) should we use value of the arrow as stoploss or some other more reliable values? 3) ...

EJ_4H method