Re: XARD - Simple Trend Following Trading System

#9011
juanlu999 wrote:
Fri Oct 08, 2021 7:08 am
Xard, thank you very much for your system, but the latter I have not understood some things, could you explain some things in more detail, also some of us have problems with the language.
The intraday bias is the white line and then there is the orange Zig Zag line.
Sometimes the white is inside the orange. Other times not.
Can you explain what the line that says "Our intraday Bias is off the Orange Zig Zag line ..." means.
Can you help me please.
Here are some post from FourXXXX,
here are the rules and what you should pay attention to best explained.
You can then thank XARD and FourXXXX.

viewtopic.php?p=1295446521#p1295446521

viewtopic.php?p=1295446810#p1295446810
Be patient and wait for your chance


Re: XARD - Simple Trend Following Trading System

#9013
FourXXXX wrote:
Wed Oct 06, 2021 5:49 pm
Away from the Orange Zig Zag so A. viewtopic.php?p=1295446661#p1295446661
Xard might correct me here but I think you would continue trading in direction B selling off the yellow Dots and taking short scalps. I would be careful though if there is a larger retracement to the yellow Dot and be ready for a higher Blue Dot indicating a likely trend change.

My reason for saying this is that the downtrend may not be over and could push down quite a bit further. But once you have a second Dot that remains higher than the large Orange followed by a colour change in candles it is a trend change and only buy trades.
Képernyőfotó 2021-10-06 - 8.41.30.png
You can have excuses or you can have results, but you can't have both!

Re: XARD - Simple Trend Following Trading System

#9014
Today it was the same approach only the direction was LONG today (US30).
Until the formation of the 2nd dot which is formed below the large ORANGE DOT, the price can continue to rise. After the formation of the 2nd dot, the BIAS is SHORT (ORANGE ZZ LINE). From this point I look for SHORT SETUPS.
This is of course only my approach and can of course differ from other traders.
Skyold

Screenshot (261)_LI.jpg
Be patient and wait for your chance

Re: XARD - Simple Trend Following Trading System

#9015
At Xards request I have written this indicator that will alert you when the White ZZ Line has changed to the current high/low. This is to let you know that you should be looking very closely at taking your profit. As per Xards words " For optimum EXIT area, watch white ZigZag line to complete its drawing on 1hr, 15m & 5min TFs" from viewtopic.php?p=1295446661#p1295446661

This is the Beta version, so use with caution and use your own brain to decide if you should close the trade or not. any issues please post them here for me to deal with them.

It will give you an alert when the White ZZ redraws, so you will only be notified if that happens and I will not be held responsible for any loss or profit you make. It will only appear at the close of the candle and is best placed on your 5 or 1 minute chart.

Just drop the indicator on your chart and will work as long as !!!-MT4 X-MZZ4.exe is in your indicators folder.

Just made a slight update to clear signals due to repainting of ZZ, if you downloaded before please redownload.
Takeprofitbeta.png
TakeProfitBeta1.ex4
(10.89 KiB) Downloaded 339 times
You can have excuses or you can have results, but you can't have both!


Re: XARD - Simple Trend Following Trading System

#9016
FourXXXX wrote:
Fri Oct 08, 2021 7:37 am
Xard might correct me here but I think you would continue trading in direction B selling off the yellow Dots and taking short scalps. I would be careful though if there is a larger retracement to the yellow Dot and be ready for a higher Blue Dot indicating a likely trend change.

My reason for saying this is that the downtrend may not be over and could push down quite a bit further. But once you have a second Dot that remains higher than the large Orange followed by a colour change in candles it is a trend change and only buy trades.
Thanks FourXXXX.
So in this case trade off the yellow line or perimeter is not true? When we need to go away from orange line and when need to go paralell with the orange line? Because XARD almanac says trade off the zigzag/PD.
I write here my method which is most of the time fails.
I'm checking the h4 chart. For example on the US30 I see thatthe bias is down white little dot. Then I coming down to h1 and m15. On the m15 I see that the bias is down because of the perimeter dot and away from the orange line. So I go down to 5m to enter trade. down.

BAsed on the pictures attached am I correct?
Képernyőfotó 2021-10-08 - 8.14.55.png
Képernyőfotó 2021-10-08 - 8.16.31.png
Képernyőfotó 2021-10-08 - 8.16.58.png
Képernyőfotó 2021-10-08 - 8.18.55.png

Re: XARD - Simple Trend Following Trading System

#9017
normannasty wrote:
Fri Oct 08, 2021 5:24 pm
Thanks FourXXXX.
So in this case trade off the yellow line or perimeter is not true? When we need to go away from orange line and when need to go paralell with the orange line? Because XARD almanac says trade off the zigzag/PD.
I write here my method which is most of the time fails.
I'm checking the h4 chart. For example on the US30 I see thatthe bias is down white little dot. Then I coming down to h1 and m15. On the m15 I see that the bias is down because of the perimeter dot and away from the orange line. So I go down to 5m to enter trade. down.

BAsed on the pictures attached am I correct?
Yes, you are correct the bias is down on M15 and below, the H1 and H4 have not shown a second dot as yet. So time to sit on your hands and wait for the H1. The yellow lines indicate resistance levels off the previous highs which may or may not be a level for a new high.

The Orange ZZ line connects the Orange Perimeter Dots, as per my post above trade away from the Orange ZZ/Perimter Dots when you have a confirmed trend change.
You can have excuses or you can have results, but you can't have both!

Re: XARD - Simple Trend Following Trading System

#9018
FourXXXX wrote:
Fri Oct 08, 2021 5:52 pm
Thanks FourXXXX.
So in this case trade off the yellow line or perimeter is not true? When we need to go away from orange line and when need to go paralell with the orange line? Because XARD almanac says trade off the zigzag/PD.
I write here my method which is most of the time fails.
I'm checking the h4 chart. For example on the US30 I see thatthe bias is down white little dot. Then I coming down to h1 and m15. On the m15 I see that the bias is down because of the perimeter dot and away from the orange line. So I go down to 5m to enter trade. down.

BAsed on the pictures attached am I correct?
[
Yes, you are correct the bias is down on M15 and below, the H1 and H4 have not shown a second dot as yet. So time to sit on your hands and wait for the H1. The yellow lines indicate resistance levels off the previous highs which may or may not be a level for a new high.

The Orange ZZ line connects the Orange Perimeter Dots, as per my post above trade away from the Orange ZZ/Perimter Dots when you have a confirmed trend change.
[/quote]

The Orange ZZ line connects the Orange Perimeter Dots, as per my post above trade away from the Orange ZZ/Perimter Dots when you have a confirmed trend change.
Which chart are you wait the confirmation ? m15 m5 1h?

Re: XARD - Simple Trend Following Trading System

#9020
TakeProfit Indicator just did its job on the DAX. The Semafor has repainted but the last candle has not closed yet. So it gave the alert on the previous candle. Next, you need to decide what you want to do, close or be greedy?

Xard is the brains behind this, I just automated it a bit.
Dax TP.png
You can have excuses or you can have results, but you can't have both!


  1. Similar Topics

    1. SK XARD TRADING JOURNAL

      49 Replies 7387 Views

      by sudhindragk, Sun Jan 30, 2022 11:53 pm in Trading Journals

      49 Replies
      7387 Views
    2. XARD EX4 file issues

      9 Replies 1590 Views

      by Philanthropy, Wed Feb 23, 2022 3:05 am in New Members & Common Forex Q&A's

      9 Replies
      1590 Views
    3. 1 Replies
      543 Views

Return to “Trading Systems”

Users viewing this forum: AngelinDenesik, CommonCrawl [Bot], klaki101, KosmosDaBas, qwepoi123, remcous, StuartWong, Woodyz, Yandex [Bot] and 60 guests