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Re: XARD - Simple Trend Following Trading System

xard777, Mon Aug 31, 2020 2:44 am

Tabary wrote: Mon Aug 31, 2020 2:15 am Hello good Sir
how to avoid a trap like this using xard system?

also what is the different between a charger and trader tempelate?

(sory for my bad english)
Hi There,

I do not recommend trading 1m, instead try 5min and always look at the next larger TF (15min).

In the 1m you are trading against the Trend which is down on the 15m, On the 1m all your down moves are larger than your up move because the Trend is Down.

So, you should not be taking any Buys. Look at the enclosed 15min chart of Cable at the same time period 19th Aug, price is clearly going Down.

If you use my latest update and show two charts say 5min & 15min you will get a clearer picture of how the market is moving.

I personally use 15min & 1hr and from time to time I look at 1hr & 4hr and quite often I put up 15min & 4hr just to get a sense of the roadmap and what lays ahead.

It gives me a better perspective and I can then jump in using the semafor 2nd dot strategy (pink to blue & blue to arrow).

D/L the latest update, you may have to alter the CountBars in the XU-TMA indy input menu (default is 1500 from 5000 to 2000) if you want to go back further in lower TFs.

Hope this helps.
Xard777
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