Re: XARD - Simple Trend Following Trading System

#11091
JeanPierre458 wrote:
Fri Aug 05, 2022 4:24 pm
Good day everyone,

"Rookie" here looking for a bit of advice please. So I've been through most of this thread but wouldn't say I fully understand the trading strategy. I will be using/learning the latest version even though I like the XU v3-cycle ID a bit more than the spike indicator.

So firstly not sure if that is a right change to try?

Secondly the Golden Nugget rule, is it valid now for all dots or only like the white or red dots perhaps?

And then thirdly I work during the day from 07:30 till 17:00, so I have limited "screen time", so what multiple timeframes would one recommend using for very quick trades? I've seen some people post like a 4hr with a 5m, then like 15m with 1m or 5m with 1m....it's a bit confusing what higher time frame to use knowing ok I can trade the yellow or blue dots on the lower timeframe and so on

Kind Regards
The thing is, we're all built/wired differently. I've spent quite a number of time to adapt to this system. Learning market structure will also do you good. Then getting familiarized with a pair or two will help also.

For the time frame to use, do back tests and demo forward tests on the time intervals where you're free from work, so you know what works best for you.

I'll advice not to go beyond the M5, M1 is sexy most times, but in the end, it could cost you.

I use to be a Gold trader, but I later switched to us30. I've been trading it for sometime now.. when I lose a trade, I journal it down, so I don't repeat it.. when I miss an entry, I also journal down, so I get in next time.

For example below, I got in before the candle changed colour, it's because I've been a little familiar with how it moves (nothing's guaranteed), so I risk an amount per trade that won't make my heart race.
Screenshot_20220805-171550.jpg
Screenshot_20220805-184636.jpg
I believe price should break yesterday high, but I follow my trading rules. Also, when I get into a trade, I leave it until it hits my SL, BE or TP. But when I see a reversal to enter the opposite position, I then close the previous position, else I just leave it to do any of those three things I mentioned.

Like this current trade, I'll be leaving it to either hit the TP or go back down to my BE. Maybe that's a not so good habit, (giving back to the market), but in general, it helps me win more trades in the end. So when a trade like this goes back to the entry, I'll feel bad, but I move on, knowing the next or two will hit the target.

Like I said, we're built differently, I may adapt my trading rules in the future.

Advice: get the help and advice from this thread, then learn the system for yourself.. discover what works best for you.

Cheers


Re: XARD - Simple Trend Following Trading System

#11092
kenshin281180# wrote:
Sat Aug 06, 2022 3:42 am
Hello Fellow Traders,

I have quick question for those of you utilizing the spike tool. Do you find that the default settings are good or do you feel that it needs to refresh a bit sooner than it does. Hope this makes sense.
It makes sense.. if followed solely, you're bound to lose... Talking based on experience. I usually follow first, the zzline, then I check the dots, then I check those thick horizonal like ie the 32%, 68% etc.. when all these aligns, I'm confident of a trade... I lose some, I win some... Still learning.. looking into round numbers too.. this is a journey.

Re: XARD - Simple Trend Following Trading System

#11093
maroka wrote:
Sat Aug 06, 2022 4:00 am
The thing is, we're all built/wired differently. I've spent quite a number of time to adapt to this system. Learning market structure will also do you good. Then getting familiarized with a pair or two will help also.

For the time frame to use, do back tests and demo forward tests on the time intervals where you're free from work, so you know what works best for you.

I'll advice not to go beyond the M5, M1 is sexy most times, but in the end, it could cost you.

I use to be a Gold trader, but I later switched to us30. I've been trading it for sometime now.. when I lose a trade, I journal it down, so I don't repeat it.. when I miss an entry, I also journal down, so I get in next time.

For example below, I got in before the candle changed colour, it's because I've been a little familiar with how it moves (nothing's guaranteed), so I risk an amount per trade that won't make my heart race.
Image

Image


I believe price should break yesterday high, but I follow my trading rules. Also, when I get into a trade, I leave it until it hits my SL, BE or TP. But when I see a reversal to enter the opposite position, I then close the previous position, else I just leave it to do any of those three things I mentioned.

Like this current trade, I'll be leaving it to either hit the TP or go back down to my BE. Maybe that's a not so good habit, (giving back to the market), but in general, it helps me win more trades in the end. So when a trade like this goes back to the entry, I'll feel bad, but I move on, knowing the next or two will hit the target.

Like I said, we're built differently, I may adapt my trading rules in the future.

Advice: get the help and advice from this thread, then learn the system for yourself.. discover what works best for you.

Cheers
I often trail using the dots when necessary.
Screenshot_20220805-195613.jpg

Re: XARD - Simple Trend Following Trading System

#11095
Tessa Rakt wrote:
Fri Jul 22, 2022 1:27 am
In the context you apparently being new to trading, unfortunately there is no step by step guide. Some may suggest reading all these posts, but of of the 11000 or so in this thread, maybe a dozen are useful (I have read FAR too many of them). Most of it is "if the blue dot does this, then you do that" sort of stuff, so your time may be better spent elsewhere. The reality is these paint-by-numbers trading systems are likely to get you seriously burned if you do not understand the price action behind them (so perhaps start with something like Larry Williams' market structure ideas), risk management etc etc if you have not already. If you do decide read the posts in this thread, note how many actually post results from the right side of the chart (apart from that ropey P/L percentage), or from periods of consolidation, then decide if it is for you.
This very good idea, now is weekend search and find Larry Williams book market structure and read it. You will found why use dot as trailing if necessary as maroka said.
His book is named Long-Term Secrets to Short-Term
Not Marokas


Re: XARD - Simple Trend Following Trading System

#11097
Remuli wrote:
Sat Aug 06, 2022 6:22 am
This very good idea, now is weekend search and find Larry Williams book market structure and read it. You will found why use dot as trailing if necessary as maroka said.
His book is named Long-Term Secrets to Short-Term
Not Marokas
Dear Remuli,
Thanks for recommending and specifying the title of the book by Larry Williams.

Have a pleasant weekend.

Re: XARD - Simple Trend Following Trading System

#11099
The way I deal with this is to reload the template after each MT4 restart. It must be some setting of the XU indicator because other indicators that I have added do refresh on their own.
chetan04 wrote:
Sun Aug 07, 2022 3:50 pm
Hi can anyone help me with this. Candles aren't forming as seen in the attached picture. I have to refresh everytime to see the candles.
Image


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