sudhindragk wrote: Sat Mar 27, 2021 9:24 pm
Hi Alex,
Awesome performance. For the benefit of others can you briefly summarise the pairs you trade , the tf you look at , an example entry and risk management.
I think it will help a lot if all of us share the good stuff.
Regards
SK
Hi, as I already wrote before - I trade gold and 6-8 main indices (strategy works for all of them), you can trade all Us indices, HK, JP, UK, Dax. Each week is different for different indices - you can gain a lot from one of them during one week and nothing during another week. Timeframe m15, I do not look at higher TF. You can use older versions of Xard system, the main thing is to spend your time around your PC and take all the trades. I trade against big dots also in direction of the trend. Risk is always 1% for each trade. Put your SL under the last dot from which you take your trade, exit when higher dot appears or when 9 EMa changes color. Do not take trades during important news or when the entry candle is abnormally big. Also avoid late entries at the end of the long trend. Mostly you will understand such things precisely after you spend many hours in front of your screen. My entries were mainly similar to those that were posted by Xard, just my TF is always m15. But I think that m5 can bring even more money, just it is more difficult to watch many indices on m5.
I can tell you, that a lot of things were not clear to me at the beginning, one month ago and I had to go deeply into the thread, I had to read hundreds of pages and so on. And this is the most important part that should be done only by trader, nobody will explain everything (just because probably it is not possible).
And again - I am demo trader and do not plan to start real trading in the nearest couple of months. I still need more time to build up my own rules and investigate the system. This is never ending process of learning.
One more thing - that month was great, but nobody knows what next month will bring and probably my result will be worse.