In progress
Missed the initial pull back to the semaphor above the daily open. it was at the 79 fib level.
Using a bit of elliot wave knowledge to jump in now. lets see where it goes.
Re: XARD - Simple Trend Following Trading System
10442Just to show the system is better than flipping a coin here is another profit at the opening of the day. 6% profit with >2% risk within 30 minutes.FourXXXX wrote: Tue Mar 01, 2022 10:40 pm I know Xard risks 2% per trade, but may take multiple positions, with margin requirements here in Australia I am limited to around 4% total and spread that over a few entries. If you want to increase your profits forget Forex and trade indices. Also, you will do much better if you focus on one symbol get to know that well. Once you have that sorted add others, there is plenty of scope to make more than 6% per day from one Symbol risking 1%.
I aim for 38.2% ADR from the open and typically enter at around 10% ADR, my stop loss normally gives around 1:2 R/R. But if the trade goes the wrong way I would be out before the stop is hit anyway. So effective R/R is much more in my favour. Everyone trades in their own way so you need to do your own research, there's no hard and fast set system here.
As for risking 10 - 20% on a trade you are going to go broke with any system.
nil desperandum
Re: XARD - Simple Trend Following Trading System
10444I would like to ask Xard how he uses the ribbon. Do you use it simply as a visual aid or influence to take positions?
Tks
Tks
Re: XARD - Simple Trend Following Trading System
10445uno stocastico 20-3-3 today I moved it 50-3-3
Re: XARD - Simple Trend Following Trading System
10446sqarr,
any chance you can share your uno stocastico indicator?
thanks in advance....
any chance you can share your uno stocastico indicator?
thanks in advance....
Re: XARD - Simple Trend Following Trading System
10447cpfleger wrote: Wed Mar 02, 2022 10:33 pm sqarr,
any chance you can share your uno stocastico indicator?
thanks in advance....
Attachments
Re: XARD - Simple Trend Following Trading System
10448I wanted to ask is there a possibility to change this indicator both on 20 and 22 on 1 minute it blocks the mt4
Re: XARD - Simple Trend Following Trading System
10449sqarr
Stock MTF Indicator fails to be uploaded, please investigate.
Stock MTF Indicator fails to be uploaded, please investigate.
Re: XARD - Simple Trend Following Trading System
10450what I was saying about the stochastic part low trend short buy