Re: 🔺 MT5 XARD - Simple Trend Following Trading System

992
jackboton wrote: Fri Oct 10, 2025 11:55 am No matter what the arrow or the square is, the second point is crucial, whether it's a big second dot or a small second dot.When the second dot appears, then consider whether the candle has crossed above the moving average or if there's a moving average crossover.
should we always wait to be above or below the daily open?


in the case of the gold figure, wait until it is above the daily open

Re: 🔺 MT5 XARD - Simple Trend Following Trading System

994
Lenovo wrote: Fri Oct 10, 2025 5:00 pm should we always wait to be above or below the daily open?


in the case of the gold figure, wait until it is above the daily open
The intraday opening line serves as a reference to enhance trading certainty.
Regarding your chart, if it were my analysis, the blue dot (as the second major point) would indicate a potential long opportunity. However, I would wait for the small green dot to appear and only enter a long position upon a moving average crossover.
Prior to that, since the large red dots and small yellow dots show a gradual decline and remain below both the opening line and the VWAP line, I would maintain a short position.


Re: 🔺 MT5 XARD - Simple Trend Following Trading System

996
Vetis wrote: Fri Oct 10, 2025 6:24 am Stay on one timeframe you choose and trade in direction of the arrow you currently have (last arrow) if you are using template with square (this is the arrow to) after second big dot and candle crossing ema enter trade.

If you see configuration of square and second arrow pointing in the same direction and then second big dot and candle crossing ema enter trade it should be bigger move (higher timeframe alignment).

Visible square don't guarantee you that it won't recalculate. But, but ,but ... just trade like this you will have enough problems figuring out your approach to stops and exits.
this is more complex. For example if you take 30m xauusd graph, Down Arrow is displayed for weeks as price is still going up. Of course, the price will fall some day, but it shows you can't just trust Arrows (until it has been confirmed with 2 mini dots, or better, 2 big dots).