100 to BE — If anyones interested, I posted earlier in Nov' that I was going to start using an EA to set my trades to breakeven after 100 pips profit, well the result was..... no difference! I backtested Oct' and found that this would have ...

4H 5EMA System

Me too — Yup, long at 1.4933 SL 1.4800 Steve.

4H 5EMA System

Your'e right 1.5067 , I just checked, but I knew it was about the same as Howards. I'm on Alpari uk Steve.

4H 5EMA System

Cititrade, the 50% rule only cuts in if there are two failed reversal bars that aren't setup bars, I have the same SL as Howard Steve.

4H 5EMA System

exactly the same figures here Steve.

4H 5EMA System

JokeR & earret, I'm afraid I disagree with both of you, I don't think it's a good idea to cap this system with a 190 pips max, as most of our big wins have been way bigger & it's the big wins that pay for the loses, yes, the system is good at giving ...

4H 5EMA System

on closer inspection, the first candle has been deleted, the week now starts at 4am GMT, does this happen often? makes backtesting a bit difficult.

4H 5EMA System

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.

4H 5EMA System

I will start to use this method next week & will let you know the results, I am going to use the "Swiss army" EA as it has a move to breakeven feature the reason I am motivated to do this is, my account increases so I increase my lots then we lose ...

4H 5EMA System

Quick test — I've just done a very rough quick test from the start of November, using a move to breakeven at 100 pips & it seems that the losses would be about halved & the wins weren't affected anyone want to confirm this?

4H 5EMA System

TP or not TP — setting a TP may not be a good idea, every time i've tested a system it always performs better with no TP, but either a large trailing stop or a move to break even, might be a good idea, I will have a look at that later.

4H 5EMA System

[/quote] If I may make an suggestion: maybe add a trailing SL of 100 pips when profit hits 100 pips. I think it is ridiculous to let a 100 pip profit turn into a loser.[/quote] Or at least a move to break even so we don't actually lose pips? Steve.

4H 5EMA System

my mistake — ok, I just re-read the rules & I see it now, ignore previous post thanks, Steve.

4H 5EMA System

Howard thanks for that , here is my version, please can you tell me what is wrong, I don't see it?

4H 5EMA System

Am I right in saying the stop can't move if the current bar breaks both ema's 'cause it looks like that will happen Steve.

4H 5EMA System

please can you explain why? starting from the 1st bar. (I thought I'd got it right this time) thanks, Steve.

4H 5EMA System

yes to the Alpari question, but as I said the 1st bar was a valid setup but wasn't triggered by the next 2 bars, the next(12:00) bar didn't need to have a lower low just breaking the lower ema by 5 pips was enough to make it a setup bar(?) Steve.

4H 5EMA System

i'm in — the way I saw it was: the first bar was a valid setup bar,the next two didn't trigger a buy so became invalid, the next bar was a valid setup bar and the last bar broke it's high, so now i'm long from 1.5499 Steve.

4H 5EMA System

so, even though the low of the previous bar broke the low ema , we dont lower the stop because no new low was formed? is that correct? thanks, Steve.

4H 5EMA System

and now 1.6239?

4H 5EMA System