Re: XARD - Simple Trend Following Trading System

11022
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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Thank you very much, it looks good so far, hard work everyone
Thank you very much, it looks good so far, hard work everyone


Re: XARD - Simple Trend Following Trading System

11027
giuma wrote: Wed Jul 20, 2022 7:18 pm Hi friends, I would like information, is there a detailed step by step guide?
I find it difficult to understand which steps to take to make the assessment and why.
I've read a lot of posts but I'm in trouble.


thanks in advance
In the context you apparently being new to trading, unfortunately there is no step by step guide. Some may suggest reading all these posts, but of of the 11000 or so in this thread, maybe a dozen are useful (I have read FAR too many of them). Most of it is "if the blue dot does this, then you do that" sort of stuff, so your time may be better spent elsewhere. The reality is these paint-by-numbers trading systems are likely to get you seriously burned if you do not understand the price action behind them (so perhaps start with something like Larry Williams' market structure ideas), risk management etc etc if you have not already. If you do decide read the posts in this thread, note how many actually post results from the right side of the chart (apart from that ropey P/L percentage), or from periods of consolidation, then decide if it is for you.
Great results can be achieved by trading the left side of the chart


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