mga lodi, until you grasp the base idea behind the system, you will not be able to trade with success using xard system.
you see you do not have to trade all set ups,while most of us are guilty of trading counter trends, its better to trade along with the trend. use the indicator to confirm the peak of the price action, then start from there, hunt the possible reversal of price from there, hence the 2nd dot, then confirm your entry with any oscillators you like.
as for take profits theres a lot of useful ideas like exiting on the next dot, targeting the next support or resistance, trailing the price, et cetera.
just like any systems this is not bullet proof, you will be hammered once in a while, this is where your risk management kicks in.
Attachments forums
Re: XARD - Simple Trend Following Trading System
Neroloft, Mon Nov 13, 2023 1:56 pm