The system — The system works really well as it is. Would be interesting to see if an EA works well also. From what I've experienced if your limit or stop order is triggered it almost always hits your TP's. Will an EA place stop or limit ...

The Small Hours Simplified!

Fantastic! — That would be awesome!

The Small Hours Simplified!

10 days — No! The markets are open. You are only looking when the market conditions are mild (small hours) which happens more time than you think. The ATR (with a period of 20) helps determine the volatility! And helps keep you away from ...

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Apply the rules! — As long as you can apply the indicators to your charts, the body of the candles don't matter. Whether you are using Alpari or IBFX the pattern of price action is consistant (it goes up with IBFX broker, it goes up with ...

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Clarify — To clarify this: I usually begin with the current bar and count back 5 candles (if the bar previous does not fit rule #1). But the rules can't be applied until the current bar closes. If you want to count the previously closed bar, ...

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One last thing — I forgot to mention: ATR is NEVER, EVER un-important! It is the MOST important. If conditions aren't met according to your ATR rule..then you better STAY AWAY ! ATR ensures that it is safe to enter ! Always ...

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Heading to work! — Happy weekend to all and happy trading! Ended my trading week on a bad note, 2 of my trades stopped out on another method I use. Damn news releases, and DAMN US economy.

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I know you weren't trying to bash the rules! There's no voice inflection in typing a post, apologies if I came across as gruff. Now to your question...excellent question. If price pushes the other way (opposite your limit orders) first of all, it is ...

The Small Hours Simplified!

Never — I have never used a Sunday Candle. But then again there has never been one in any of my signals.

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ATR — The ATR value ensures that you are trading during quiet hours, low volatility. The rules ensure that your stops are tight and your account is protected. Generally, when the setup conditions are met, but price pushes the opposite way, ...

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Reading into it — A good system is simple yet powerful. Do not read too much into the setup conditions. If the current bar CLOSES and is inside the parameters of the trade, then THAT is the setup candle for the next 3 candles. If all ...

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Yes — As long as the condition does not exceed your ATR value x 1.5, YES it is possible for the next candle to be a potential setup candle. But until the current bars closes, the previous candle is still the setup candle. Remember these are 4H ...

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3 Bars — Also the trades are valid for the next 3 bars after the setup bar closes.

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Yes — The setup bar will have already been closed. The next three bars AFTER the setup bar!

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Current Bar — The rules speak to the current bar, this is the setup bar. Ignore the bar after the setup bar in the chart example.

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Next 3bars — Setups are valid for the next 3 bars

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News releases — Big news release for USD and CAD (Trade balance) at 1330 GMT. Beware. If trade has not triggered by 1300 GMT cancel pending STOP orders!

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Luck — As luck would have it we have a valid setup on the USDCAD. The pips moved is actually higher that the ATR value but only by .5 pips. I have taken several of these and they have all hit. Please see attached slide and see if it makes ...

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Example — Look at the attachment. In this chart of the USDCHF 4H. Count back 5 bars from the setup bar. The highest high of these 5 candles is .9580, the lowest low of these 5 candles is .9522 .9580 -.9522 = 58 pips ATR as of this candle was ...

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Easy — Indicators:20SMA, 40SMA and ATR with a period of 20. Open the Data window in MT4 to get an accurate ATR value as of the setup bar. The Data window looks like a weapons scope in the upper left hand corner of MT4. Mouse over it and it ...

The Small Hours Simplified!