Re: XARD - Simple Trend Following Trading System

#7321
FourXXXX wrote:
Wed May 12, 2021 11:02 pm
A trading plan should be written down and read every day before you start trading.

At least that is what I learnt from someone who is a very successful trader.
Make sure to Journal trades as well. I can suggest to use a simple Journal setup such as:

PAIR----I----LONG/SHORT----I----GAIN/LOSS----I----SCREENSHOT IMGUR----I----COMMENTS

GER30----I----LONG----I--------[+1% (100PIPS)]----I----https://imgur.com/ -----I----- //
US100----I----SHORT----I------[-1% (100PIPS)]----I----https://imgur.com/ -----I----- trade lost because...


Make sure to track your trades to understand better what you do right and what you do wrong. Never underestimate Journaling.

Google sheets or MS excel are really good for Journaling.


Re: XARD - Simple Trend Following Trading System

#7322
Stop loss theme comes in handy for what happened today in gold. I suspect that the most experienced (more than 5 years of experience) some never put a stop loss. You can see it clearly in the screenshots, unless they bother to remove it, or it's a long way off. According to a highly experienced trader:
Why did you decide not to put a stop loss, and if so, why? please answer sincerely
How many hours a day are you in front of the screen?
If the operation is open, and you have to go to another matter 2 hours, what do you do? leave open. smarphone. closes.
Why do you think this happens before opening NY.
Today it hit my stop loss :(
stops.png
Did you think that time is the greatest asset you have?
86,400 seconds for you, for your pretty face. Invest, spend, splurge, get in on the trend.
Google translate translate for me

Re: XARD - Simple Trend Following Trading System

#7323
LorenzoNexus wrote:
Wed May 12, 2021 11:32 pm
Make sure to Journal trades as well. I can suggest to use a simple Journal setup such as:

PAIR----I----LONG/SHORT----I----GAIN/LOSS----I----SCREENSHOT IMGUR----I----COMMENTS

GER30----I----LONG----I--------[+1% (100PIPS)]----I----https://imgur.com/ -----I----- //
US100----I----SHORT----I------[-1% (100PIPS)]----I----https://imgur.com/ -----I----- trade lost because...


Make sure to track your trades to understand better what you do right and what you do wrong. Never underestimate Journaling.

Google sheets or MS excel are really good for Journaling.
Yes, agree, if you can spot trends in when and why a trade didn't go as planned then adjust or maybe learn from those setups. If you keep doing the same thing without recognizing why it resulted in a loss then the market isn't teaching you, you are just losing.

Re: XARD - Simple Trend Following Trading System

#7324
Nbats7979 wrote:
Wed May 12, 2021 11:43 pm
Yes, agree, if you can spot trends in when and why a trade didn't go as planned then adjust or maybe learn from those setups. If you keep doing the same thing without recognizing why it resulted in a loss then the market isn't teaching you, you are just losing.
Every loss is experience. The more you lose, the more you understand what's wrong in your trading.
If you keep trying without stopping, you will find a way to succeed.

Re: XARD - Simple Trend Following Trading System

#7325
Andrés49 wrote:
Wed May 12, 2021 11:39 pm
Stop loss theme comes in handy for what happened today in gold. I suspect that the most experienced (more than 5 years of experience) some never put a stop loss. You can see it clearly in the screenshots, unless they bother to remove it, or it's a long way off. According to a highly experienced trader:
Why did you decide not to put a stop loss, and if so, why? please answer sincerely
How many hours a day are you in front of the screen?
If the operation is open, and you have to go to another matter 2 hours, what do you do? leave open. smarphone. closes.
Why do you think this happens before opening NY.
Today it hit my stop loss :(
stops.png
On stop loss another strategy is 'stop on close'. That's where (assuming you are monitoring the trade) you wait until the candle closes on whatever time frame you are using. Normally you would have a crash level where you just close the trade because there has been a market moving event. Take the loss, move on. The problem with the normal stop loss is very often, especially at smaller time frames, market bounces off those levels taking all the stops out and then takes off. So, to be clear, there is no stop placed but you have a level where if price closes above/below on the timeframe you are using, the trade is exited. Give it a try on demo and see if it helps.

Also gold is very volatile and maybe try WTI oil instead.Cheers.


Re: XARD - Simple Trend Following Trading System

#7327
LorenzoNexus wrote:
Wed May 12, 2021 9:24 am
does anyone know how to fix this?

The breakout indy is bigger then normal for some weird reason. It is happening only on CH...
Hi LorenzoNexus,
may I ask you what is the indicator in your window chart?
It seems like a sort od Braid filter or Waddah attar indicator.
In some posts, it also appears in the Xard's template.
Thanks in advance.

Lucmat

Re: XARD - Simple Trend Following Trading System

#7328
optionhk wrote:
Mon May 10, 2021 4:58 pm
On the eve of your retirement, I don't want to burden with you this extra work.
If you can share the mql of Dash and Panel indicators which use the symbols and digits, I will request MrTools to make it useable to accommodate the sizes of symbols.

On the eve of your retirement, let me offer you my gratitude in my traditional way.

XARD: I am just someone that trades indices and happens to post his template and ex4 indys for ppl to try out.
Source files are not mine to give out. My bucket list awaits...
I don't want source files. If you feel OK, can you please share with mrtools, whom I had made the request and enclosing exe files of your three indicators, dash, panel1 and panel 2. He said he needs mql and can't do anything with exe files. You don't have to share with anyone except Mrtools. Thank you.

XARD: I left all the source files with Jimmy, you could let mrtools know.

Re: XARD - Simple Trend Following Trading System

#7329
lucmat wrote:
Thu May 13, 2021 1:49 am
Hi LorenzoNexus,
may I ask you what is the indicator in your window chart?
It seems like a sort od Braid filter or Waddah attar indicator.
In some posts, it also appears in the Xard's template.
Thanks in advance.

Lucmat
Hi lucmat,

It's actually 2 indicators from the final update of the XARD System. One is the DDS and the other one is the TES.

Have a good day.


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