Castle73 wrote: ↑
Tue Jun 29, 2021 12:44 pm
We've all been there. In my opinion, Xard's system is awesome, and I too have been working on passing the FTMO challenge. The turning point for me was coming up with an exit strategy. I think Xard's system is so clear on entries, but exit strategies are a bit ambiguous. Some go for TP, others tailing stop. For me, a strong R:R ration with clear tp was key to start turning a profit.
How are you currently using the system? What's your entry, exit strategy?
Thank you for your reply. I was mainly trading the 2nd dot at first, 15 min with confirmation on 1 hour on forex pairs and ger30 and things went well for a while but trading too many pairs started giving me more losses than wins so I thought that I should simplify and focus on indexes, backtesting and forward testing them intensively and really get to know only two instruments well enough and then continue things from there... then I started using the panel on 1 min with confirmation on 15 min and taking two positions, 1 with open tp and the other with fixed tp and a 1:1 RRR... but the winrate of my trades is not being enough to compensate for the losing strikes which means that I am on the negative side now... I suspected that improving RRR could be the key but I don't know how exactly... Because my sl are usually too big I suppose, maybe because I am still stuck with the dot mindset and putting my sl in there...
What can you suggest to improve RRR and sl placement?