Forexlearner wrote: Mon Sep 18, 2023 5:33 pm
Hi Funchi,
first i hope your ok, next i have a suggested way forward for all of us to make money.
Xard system
Establish the trend with the main semaphore/square
Find a way to ignore all the opposing semaphore to the square, as they create unnecessary noise, invalidate good signals, close good trades
Enter when there is a
SQUARE && Smaller 2ND DOT in the same colour && EMA cross is in the same colour, BUT ONLY when it's the 1st Smaller 2ND DOT after a SQUARE
Stop Loss behind the SQUARE
Take Profit when the Bigger 2ND DOT appear (in the same colour)
This rules apply for this example in M5, but rules change for each dots to use if you use other Time Frames but easily adaptable
this is more of a conditional approach, something we don't have the flexibility to do now. It will need some work, not sure if feasible. The way it is now i don't think we can make money in the Xard system. I prefer this system, i can't talk for the others. If your willing to try i can help with any doubts.
I doubt every trade will be a winner but i'm convinced we can consistently make money this way.
PS: i don't think the shotgun approach is a good idea, ie, using all 24 pairs/indices/commodities/..., we need to choose only the best ones, just like XARD does. and focus on those. The ones that have the best trends and don't stay to long on the up and down noise of some charts.
