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Re: XARD - Simple Trend Following Trading System

josi, Sun Oct 11, 2020 7:02 pm

Cladi39 wrote: Sun Oct 11, 2020 5:04 am US30 or S&P500 was up all the week guys, soo a lot of pips with Xard system.
Look the picture H1 chart with Xard system and only 200 MA
true enough - in hindsight.
But in real time (i. e. before trend moves happen) you have to calculate risks.
If you just look at how "overbought" the US500 was on Friday you may agree (or then again - you may not - depending on whether you believe in the concept of overbought and oversold - which in itself is just a variant of mean reversion; therefore might not apply to indices and shares) that this move was purely based on news, rather than technical analysis.
Green signalling OB, reddish signalling OS (using MrTools newly spiced up "on chart double rsi of averages")
(VWAP (part of Xard's current release) would have told you more or less the same - by the way)
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