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Re: XARD - Simple Trend Following Trading System

Shockr, Wed Feb 24, 2021 6:52 am

Here was another big drawdown. When I got up this morning everything was at the bottom. First trade was as soon as price crossed above the two MAs. Got out when red ball appeared. Waited for a pullback below the MAs; got in again when price crossed above the MAs. I expected to see a triangle formed here; but it didn't happen. Price moved considerably lower. Again I expected to see a triangle, but no. I got impatient and entered again when price crossed above the MAs. Then a down triangle formed! But with the huge blue circle at the bottom and the background also blue, I decided to "sit on my hands" and wait for the market to change. The following drawdown took me to over a -7%!! And I was only using 0.02 lots per trade.
But finally the triangle formed that I was waiting for. I eventually took out both trade with a good profit.
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