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Re: XARD - Simple Trend Following Trading System

#592
xard777 wrote:
Sat Aug 24, 2019 4:45 am
Indian_Batman wrote:
Fri Aug 16, 2019 5:25 am
Hello XARD i am trading your system for few days , Its really gri8 , I struggle sometimes as the BUY/Sell indicator is repainting ,
I just want to request you that please as you share your indicators and system just share a guideline of how do you approach while trading this system
just a brief guideline of when to trade when not to , Pair selection if any and buy and sell entry criteria. It would really help.
Basically, you want to be trading in the direction away from the current 4hr cycle on your 1hr chart (in the screenshot below the 4hr cycle is the Yellow Dots).
If you look at the 1hr chart below you will see that from the current 4hr cycle TOP there are two SELL trades off the middle TMA line where price crossed down and Pink candles are generated.

All the best
Xard777
Thank you XARD for the reply , Its really clear my doubts , I usually trade currency but your this system inspire me to trade HK50 and W30 , This are very volatile pairs , I understand that your profit target is normally 61.8% of ADR what is the criteria for placing stop loss or take profit for this pairs , It really help me in managing my risk and adjusting lot sizes , Thank you Good bless you.

Re: XARD - Simple Trend Following Trading System

#593
Indian_Batman wrote:
Sat Aug 24, 2019 6:39 pm
Thank you XARD for the reply , Its really clear my doubts , I usually trade currency but your this system inspire me to trade HK50 and W30 , This are very volatile pairs , I understand that your profit target is normally 61.8% of ADR what is the criteria for placing stop loss or take profit for this pairs , It really help me in managing my risk and adjusting lot sizes , Thank you Good bless you.
If you look at the 1hr chart in the new setup you will see a Yellow ARROW followed by squiggly lines, this is a good place for your stop loss (or just beyond it).
If not available then simply use say 30 Pip$ beyond the middle TMA line as once price crosses this line and the line colour changes it tends to continue on in that direction. This yellow ARROW is also good as it lets you know the high/low point of the day, if it is at the start of the trading day then you know that you can usually get at least 61% of ADR:D1 and if the ARROW shows up half way during the trading day then you know that price will extend into the next days trading and still good for 61% of ADR:D1 (combined move current day and next day continued move). That said, because of the volatility of these Indices I do not recommend any carry trades.

All the best
Xard777


Re: XARD - Simple Trend Following Trading System

#597
Hello,

I've just started to use Xard's system and have a couple of questions about the indicators. In the attached screenshot I have 3 items circled in RED. Can someone help me understand what these values are.

1. Large red -15 in the bottom left of the screen.
2. Info Box - Blue 9:59 in the top right
3. Info Box - Pink 15%

Also - I really like both 48 and the latest 20190824 templates, I tend to prefer the longer time frames - 1H+, swing trading. Anyone find one better than the other for this type of trading? For now I am trading Forex, starting to look at gold and indexs, just not that comfortable with them yet.

@Xard - thanks for all your hard work and for sharing! You're a rockstar! :)

Thanks in advance.
Josh
Capture.JPG

Re: XARD - Simple Trend Following Trading System

#598
Hello XARD, as always, great work on your system! Your new template look beautiful.
If it's okay with you, may you post a standalone indicator for your infobox (that is resizeable please?), murrey math, adr range, and open pos & sell pos line, please?

Those indicators really help a lot in my trading, but I like to pair it with my own system. Thank you very much.

Re: XARD - Simple Trend Following Trading System

#599
jwigginton27 wrote:
Fri Aug 30, 2019 11:58 pm
Hello,

I've just started to use Xard's system and have a couple of questions about the indicators. In the attached screenshot I have 3 items circled in RED. Can someone help me understand what these values are.
1. Large red -15 in the bottom left of the screen.
2. Info Box - Blue 9:59 in the top right
3. Info Box - Pink 15%
Also - I really like both 48 and the latest 20190824 templates, I tend to prefer the longer time frames - 1H+, swing trading. Anyone find one better than the other for this type of trading? For now I am trading Forex, starting to look at gold and indexs, just not that comfortable with them yet.
@Xard - thanks for all your hard work and for sharing! You're a rockstar! :)
Thanks in advance.
Josh
Capture.JPG
The latest template was designed around HK50 so the -15 Pips that you see on your chart is incorrect as it will only show correct value on Dow30 & HK50.
Just remove the PIPS indy from indicator list and save as another template.

The Blue 9:59 is the time left on the current bar
The Pink 15% is the percentage move down from the open line based on the ADR value of the chart pair.
You can see that it is 19 Pips down from the open and the ADR is 130 so 15% of 130 = 19 Pips move.
Hope that explains it.
All the best
Xard777



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