Re: XARD - Simple Trend Following Trading System

10661
FourXXXX wrote: Wed Apr 27, 2022 6:27 pm I have been working on the TMA Bands indicator posted previously and added entry alerts. Now it is like painting with numbers, very simple and clear what to do. It is still mostly XARD just with a few bells and whistles.

Alerts will not be triggered when the TMA band is grey due to no trend. When price leaves the ribbon and it matches the TMA band trend it will alert you immediately. You will need to look if it is a valid trade though ie a second dot has occurred. I suggest taking profit when price touches the edge of the TMA band unless it is a strong trend/breakout. Then reenter after the next dot in the central ribbon and trend continuation at the edge of the ribbon. The Alert Spacing setting is the number of seconds before another alert on that chart can be triggered. You can adjust to a larger number if you are getting too many alerts. The MA setting match V20 & V30, Slope Threshold controls how much Grey space is shown.

The green circles indicate entries and the yellow take profit, last TP was at the 61.85 ADR level. 38.25ADR is also a good place to be taking profit.

The TMA band recalculates and before anyone screams it repaints, repainting is not the same thing. The first yellow circle in the screen shot was on the edge of the TMA band at the time price got there. TMA is a Triangular Moving Average, this means the values to calculate the average from the center have a higher weighting in the final calculation than the values closer to the start and finish.

This works with version 20 or 30, just copy ALL the indicator files to your indicators and templates to templates. Then choose one of the 4 templates, I normally trade on M5. If you want to make your own setup you need to load the tma bands indicator before Universe etc otherwise it will be on top of everything loaded before it. If you like this and want future updates click the thumbs up.
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Pls is it possible to add alerts to XU v30 ZZ3 line?
I often use it as TP, during us session.. but sometimes when it comes, I often miss it, and often times price will start retracing.. that's when I quickly close the trade.

This version is really good. If only it has an alert function. Will this be something you can do?

Thanks.


Re: XARD - Simple Trend Following Trading System

10662
Borshchov A.N. wrote: Thu Apr 28, 2022 11:11 pm the difference is that in the first case, you can analyze the effectiveness of the indicator on the history, but this is not possible with repainting. the tma does not just remove the arrow, it rearranges it to the most advantageous position.... this is misleading
When I use Simple Trend Following Trading System, I like to delete all redrawn indicators. .
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Re: XARD - Simple Trend Following Trading System

10664
Borshchov A.N. wrote: Thu Apr 28, 2022 11:11 pm the difference is that in the first case, you can analyze the effectiveness of the indicator on the history, but this is not possible with repainting. the tma does not just remove the arrow, it rearranges it to the most advantageous position.... this is misleading
That's why you backtest with a backtesting software
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Re: XARD - Simple Trend Following Trading System

10667
Mickey Abi wrote: Thu Apr 28, 2022 10:17 pm Thanks for the feedback..

The red, blue and grey TMA colors seem to NOT be consistent. Like it repaints / redraw backwards..
So it's hard to make trading decisions with it per time. ...
Any workaround as regards that ?
If you try reading all of the post where I uploaded the indicator I did explain that it recalculates (which is not repainting) and why. So there is no workaround, it works extremely well for me as it is. I think is one of the best indicators I have ever seen and that is before I added the colours to the original from MLaden.

If the indicator is changing that is due to the market changing what it is doing. Step back to the H1 chart have a look at the bigger picture and then come back to your normal trading timeframe. If you still don't see any value in it delete it from your chart.
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nil desperandum

Re: XARD - Simple Trend Following Trading System

10669
maroka wrote: Fri Apr 29, 2022 1:25 am Pls is it possible to add alerts to XU v30 ZZ3 line?
I often use it as TP, during us session.. but sometimes when it comes, I often miss it, and often times price will start retracing.. that's when I quickly close the trade.

This version is really good. If only it has an alert function. Will this be something you can do?

Thanks.
Yes, it is possible.

I have just coded it and will upload it as soon as I have confirmed it is working correctly.
These users thanked the author XXXX for the post (total 6):
Skyold, maroka, Sarj, erynade, pfxi, forrest85
nil desperandum

Re: XARD - Simple Trend Following Trading System

10670
promixer wrote: Sat Apr 23, 2022 8:49 pm Hi @DaveTrader,

many thanks for that.

Do you only take trades when both arrows are showing the same? Just buy or just sell...
Hi Promixer
Honestly, I don't look at them very much. That's not to say they have little value, it just means that I find my trades mostly as described by Xard and the other great contributors...2nd dots, candle cross ma, color change etc.


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