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Re: Trading XARD system (Christmas Setup)

ImpLaNT, Sat Mar 28, 2020 1:28 am

josi wrote: Fri Mar 27, 2020 7:18 pm
And may I ask: why SL 22610 - to me it looks as if the sell bias disappears much earlier than that.
And if your directional bias has to change the sell is no longer valid and should be exited.

Implant: Stoploss I calculate as follows: last extremum + 3 * current spread. In the current case: 22502 + 3 * 36 = 22610. And the current stop is still relevant.

As to your histo-indi: is it based on MAs? If it is - I don't know but it looks as if it might be - then it won't give valid signals while price is in a range - MA-signals don't work in ranges, at least not in any tradable way that I can see (price action - extremes - or oscillators would give a better signal during ranges).

Implant: Yes, the histogram in the bottom window is based on two MAs. It is used in collaboration with the Xard system as a whole for mutual filtering of false signals of each other. I hope that there will still be times when we will see this in action.

And then, of course, the decisive aspect: the Xard-system is a trend following system: are we in a downtrend right now?
We have lower highs but do we have lower lows?

Implant: Perhaps now we are at the very beginning. It’s still impossible to say for sure. But in principle, this is not so important, because we work on very small timeframes. They saw the possibility of entering according to the rules - that means they opened a position. This is the beauty of the system - a fairly clear and intuitive interpretation of the current situation.

Do you use a fixed TP?

Implant: No, I do not use fixed TP. In the future, I hope we touch on this point ...

Today I decided to close the position according to the old reliable method of maestro Xard at the level of 61.8 ADRs. There is no particular logic to this. I just proceeded from those considerations that I do not want to leave the position open for the weekend. Now we live in a very turbulent time. And the markets are the same. Therefore, on the weekend, I don’t want to think about where we will open on Monday. By my logic, if it weren’t Friday, I would set TP to 100% ADR
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