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Re: XARD - Simple Trend Following Trading System

Mork01, Sun Jun 02, 2024 10:14 pm

Hi Dears,
I'm studying the XARD system, I've installed some versions of it, after sevral investigations I have some questions on V010:
What indicator is the blue and red line ? is it VWAP ?
Can you please check my understanding so far of XARD system about entering a trade using attached graph as example for a trading session starting at the blue arrow ?
step 1: I check the arrow #1 and the trend is down
step 2: I got the 2nd dot at arrow #2
step 3: at the beginning of candle at arrow #3 the previous candle closed below the daily open and price is below the daily open
step 4: at the beginnging of candle at arrow #3 candle is pink so EMA crossing is guaranteed ( or should I have checked the crossing of blue-red line indicator that has happened anyway ? )
conclusion: the beginning of candle at arrow #3 seems to be a good time to enter a sell position, right ? ( even considering the doubts from step 4 )

Thanks for help,
Mork01
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