Re: XARD - Simple Trend Following Trading System

#7714
hey everyone, ive spent the last 2 days reading through the thread dose anyone know if its ok to use the daily ADR indicator as a profit target? i did read and tried to understand murrey math PDF file but i struggled to understand it and it seemed to complicated, what is the rule of thumb on how to use the murrey math indicator?

Re: XARD - Simple Trend Following Trading System

#7715
hi everyone ive been playing around with the advanced adx indicator and added 2 adx indicators together, the first adx is set to default and the second adx period is 100. , i tried to match the overall trend from the moving average on the main charts witch is 144 period in order to get a sense of long term direction, if both adx is below the 20 value, no signal, if above the 20 value there is asignal, u could use this as a continuation, exit or confirmation, indicators.
Image
forex station.png


Re: XARD - Simple Trend Following Trading System

#7716
muhammadfarooq wrote:
Sat Jun 19, 2021 3:03 pm
a perfect adx line adx candle match with sub window adx histgram and adx line.
i post 4 pic
trendy day. sidways day . nolmal day .uptrend day
i leave 9 ema use
i use 36 ema 144 ema with adx line and adx candle
tow market indicator may not work on your pc .you can download mlq5 coad base market in mt4
if anyone i looking for the advanced adx indicator you can download it from here
advanced adx.ex4
(19.56 KiB) Downloaded 111 times

Re: XARD - Simple Trend Following Trading System

#7717
Kenrobert1 wrote:
Sun Jun 20, 2021 2:17 am
Hello Xard777. I'm intrigued by your system. Currently digging it. Please can you help me with the indicator in the subwindow of the attached picture that you posted. Also if you may, please graciously point me to a more comprehensive "How to use your system". I have just been seeing bits here and there. Thank you so much.
are these fibonacci circles you're using? if so do you mind sharing the indicator?

Re: XARD - Simple Trend Following Trading System

#7719
josi wrote:
Fri Jun 18, 2021 8:04 pm
If you read Kahneman's new book "Noise" (which is as important as his last one Thinking, fast and slow) you will find - scientifically proven by a nobel prize winner no less - that you shouldn't decide in each particular case (even as a discretionary retail trader) because our biases and our causal thinking cause too much "noise" as they are influenced by all kinds of circumstances.
Instead you should automate your "trading plan" into steps that are always performed in exactly the same way.
If your setup has a statistical edge you will then be more likely to be profitable.
Are the pdfs available for Noise and Thnking fast and slow?
Appreicate if you can share the links.

Re: XARD - Simple Trend Following Trading System

#7720
im so confused i dont understand how ppl are making consistent profit with this system, especially when its impossible to back test the latest system the triangle and semafor keeps repainting, i was backtesting and half way up the trend the HTF semafor and triangle chose to pop up then disappear :cry:


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