Re: XARD - Simple Trend Following Trading System

9682
Mustafa wrote: Thu Dec 30, 2021 4:31 am There is some bitterness in the forum due to someone's not sharing something that looks shiny....... But there are always better things out there...... Let him be whatever he chooses to be...... I am sharing a piece of my own work which is hopefully as good if not better than that... I hope you would all benefit from that...... Combined with XARD's semafor, it is an absolute market killer when the signal is verified by both the crossover and the background CCI indicator...... Let it be my little New Year gift to XARD for his invaluable work over the last couple of years......
The best things are usually priceless so they have no price tag attached to them.... You can combine it with any XARD version....
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Hi can you tell me how do i get the 2 lines in the sub window. (in the CCI indicator)?

Re: XARD - Simple Trend Following Trading System

9684
I think a little explanation of the parameters is warranted. The system is optimized for Trading on M15. Don't try forcing lower or higher timeframes onto it, it might not work optimally.... Xard's semafors are an outstanding stand alone system. However, I felt that it does not incorporate timeframes higher than 1 hour in a significant way. At the same time the boxes forming again and again as the markets keep making new highs or lows caused uncertainty whether a position could be entered or not.... So I included RSI 3 and 9 in MTF mode from H4. The 4H crosses of the two RSI is itself a very strong trade signal. The concept comes from Cristina Ciurea (Scientific Forex) which is based on 5 and 14 RSI crossover trade signal on 4H. For faster signals on lower timeframe I reduced it to 3 and 9. For inclusion of daily timeframe to have a clearer view of the bigger picture, I included Daily CCI in MTF mode with setting of 5. CCI usually has settings above 14. But for our purpose to detect change in market sentiment on M15 a lower number works really well... So 5 seemed optimal after quite a few trials...... The below screenshot shows recent price action on gold with the indicators....

As a next step, since I know nothing about coding, someone can combine both the indicators into one and unify it in a more coherent way.
Regards.
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Re: XARD - Simple Trend Following Trading System

9685
Mustafa wrote: Thu Dec 30, 2021 4:32 pm As a next step, since I know nothing about coding, someone can combine both the indicators into one and unify it in a more coherent way.

Haha, I literally just made the request to mrtools :Rofl:

Regards,
BeatlemaniaSA
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Re: XARD - Simple Trend Following Trading System

9686
V12 and other versions include channels, this indicator was invented by Richard D. Donchian, this article might be of help to someone.


Richard D. Donchian was a well-respected Wall Street technician who began his career in 1930. He initially compiled his Trading Guides in 1934 after suffering losses in 1929. He later dug them up again while working for Hayden Stone and reviewed them in the firm's July 3, 1974, "Trend Timing" commodity letter. In that publication, Donchian noted which points he felt remained the most important: General 1,2,3,4 and 5 and Technical 1, 4,5 and 9.

Donchian's General Guides
1 Beware of acting immediately on widespread public opinion. Even if it is correct, it will usually delay the move.
2 From a period of dullness and inactivity, watch for and prepare to follow a move in the direction in which volume increases.
3 Limit losses and ride profits, irrespective of all other rules.
4 Light commitments are advisable when a market position is not certain. Clearly defined moves are signaled frequently enough to make life interesting, and concentration on these moves to the virtual exclusion of others will prevent unprofitable whipsawing.
5 Seldom take a position in the direction of an immediately preceding three-day move. Wait for a one-day reversal.
6 Judicious use of stop orders is a valuable aid to profitable trading. Stops may be used to protect profits, limit losses and take positions from certain formations such as triangular foci. Stop orders are apt to be more valuable and less treacherous if used in proper relation to the chart formation.
7 In a market in which upswings are likely to equal or exceed downswings, a heavier position should be taken for the upswings for percentage reasons; a decline from 50 to 25 will net only 50% profit, whereas an advance from 25 to 50 will net 100%.
8 In taking a position, price orders are allowable. In closing a position, use "market" orders.
9 Buy strong-acting, strong-background commodities and sell weak ones subject to all other rules.
10 Moves in which rails lead or participate strongly are usually worth following more than moves in which rails lag.
11 A study of the capitalization of a company, the degree of activity of an issue and whether the issue is a lethargic truck horse like Consolidated Edison or a spirited, volatile race horse like Case Threshing Machine is fully as important as a study of statistical reports.

Donchian's Technical Guides
1 A move followed by a sideways range often precedes another move of almost equal extent in the same direction of the original move. Generally, when the second move from the sideways range has run its course, a countermove approaching the sideways range may be expected.
2 Reversal or resistance to a move is likely to be encountered on reaching levels at which
commodity has fluctuated for a considerable length of time within a narrow range in the past or on approaching previous highs or lows.
3 Watch for good buying or selling opportunities when trendlines are approached, especially on medium or dull volume. Be sure such a line has not been adhered to or hit too frequently.
4 Watch for "crawling along" or repeated bumping of minor or major trendlines and prepare to see such trendlines broken
5 Breaking of minor trendlines counter to the major trend gives most other important position-taking signals. Positions can be taken or reversed on stops at such places
6 Triangles of either slope may mean either accumulation or distribution depending on other considerations, although triangles are usually broken on the flat side.
7 Watch for volume climax, especially after a long move.
8 Don't count on gaps being closed unless you can distinguish among breakaway gaps, normal gaps and exhaustion gaps.
9 During a move, take or increase positions in the direction of the move at the market the morning following any one-day reversal, however slight the reversal may be, especially if volume declines on the reversal.

His work with channels was incorporated into the Turtle Trading methods.
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Re: XARD - Simple Trend Following Trading System

9688
braciola719 wrote: Thu Dec 30, 2021 8:48 pm hello ,, i'm looking for an area to live for a few months, i'm evaluating california, portaland location in oregon, someone is from there or does he own property? maybe we meet and betray together? hello always let me know if you want
Looking for "help / assistance" .........what if EVERYBODY JUST IGNORED YOU? How would you feel? Anyway, the other day you so pertinently pointed out to the trader who posted a Dire Strait vid to stick to trading discussions. Good for the Goose ought to be good for the Gander.

Guess I am just frustrated with this ranging market...no action at all out there.
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Re: XARD - Simple Trend Following Trading System

9689
Mustafa wrote: Thu Dec 30, 2021 4:32 pm I think a little explanation of the parameters is warranted. The system is optimized for Trading on M15. Don't try forcing lower or higher timeframes onto it, it might not work optimally.... Xard's semafors are an outstanding stand alone system. However, I felt that it does not incorporate timeframes higher than 1 hour in a significant way. At the same time the boxes forming again and again as the markets keep making new highs or lows caused uncertainty whether a position could be entered or not.... So I included RSI 3 and 9 in MTF mode from H4. The 4H crosses of the two RSI is itself a very strong trade signal. The concept comes from Cristina Ciurea (Scientific Forex) which is based on 5 and 14 RSI crossover trade signal on 4H. For faster signals on lower timeframe I reduced it to 3 and 9. For inclusion of daily timeframe to have a clearer view of the bigger picture, I included Daily CCI in MTF mode with setting of 5. CCI usually has settings above 14. But for our purpose to detect change in market sentiment on M15 a lower number works really well... So 5 seemed optimal after quite a few trials...... The below screenshot shows recent price action on gold with the indicators....

As a next step, since I know nothing about coding, someone can combine both the indicators into one and unify it in a more coherent way.
Regards.
Image
what's the use of semaphor here. u can come to the same conclusion without it, no?


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