Re: XARD - Simple Trend Following Trading System

#13261
Updates to:
  • PFO Percent
  • PFO Percent W1
Lime above zero, Red below zero

Updates to the 2 Bid Ratio indicators were previously posted here:
https://forex-station.com/viewtopic.php ... 1295503480

chris006 wrote:
Fri Jan 06, 2023 10:36 pm
Sharing below my own (helper) indicators relevant to the XARD system, hope you find these useful in your own XARD system implementations:

Average Range, Bid Ratio and PFO indicators were modified from Market Price indicator (also attached). The XU-ADR W1 was modified from XU-ADR D1 indicator (also attached). There was a weekly ADR indicator in version 39, but that was only in ex4 format.

Average Range: range for the period vs period average range - The XU-ADR buy / sell line is set at 10% of this.
Bid Ratio: where we are at the current time within the period range
PFO: Price From (period) Open vs period open
PFO Percent W1.mq4
(1.97 KiB) Downloaded 85 times
PFO Percent.mq4
(1.95 KiB) Downloaded 87 times
2023-03-18 WTI.png
2023-03-18 GOLD.png


Re: XARD - Simple Trend Following Trading System

#13262
Hey gang check this out... I add two instances of elliot wave oscillator mft to the chart. Top is set to 15min the bottom is set to the hour.

XARD: Yes, XU v52-Setup uses Elliot Wave Oscillator but was dropped on XU v53-Setup as part of the Xard Reduction Complexity Act of 2023. :thumbup:
Screenshot 2023-03-18 at 4.41.21 PM.png

Re: XARD - Simple Trend Following Trading System

#13263
kenshin281180# wrote:
Sun Mar 19, 2023 7:44 am
Hey gang check this out... I add two instances of elliot wave oscillator mft to the chart. Top is set to 15min the bottom is set to the hour.

XARD: Yes, XU v52-Setup uses Elliot Wave Oscillator but was dropped on XU v53-Setup as part of the Xard Reduction Complexity Act of 2023. :thumbup:
haha that name is hilarious

Re: XARD - Simple Trend Following Trading System

#13264
Hi, great idea with Goodtrade Indicator. I would like to ask if it is possible to change the size of the test information of this indicator in the chart?

XARD: Next update of Goodtrade will include font size and gap size
Oh! Wait, here you go... just copy over existing one and restart MT4 and change the input menu settings to suit.
XU v53-GOODTRADE.ex4
(199.49 KiB) Downloaded 313 times


Re: XARD - Simple Trend Following Trading System

#13267
sgarr wrote:
Mon Mar 20, 2023 2:22 am
hello all can someone explain to me what it means when xard says bias? I don't want it to be a translation issue
Having a directional bias means that the trader expects a market to go up or down.

If they think it will go up, they have a bullish bias. If they think it will go down, they have a bearish bias.

Re: XARD - Simple Trend Following Trading System

#13270
xard777 wrote:
Sun Mar 19, 2023 6:28 am
I'm currently working on an exit strategy to use when trading XU v53. For now, I'm optimizing the channel lines to use as potential exit targets on the 15-minute timeframe.

My goal is to trade on the 15-minute timeframe and enter trades based on the intra-day bias (Green Zigzag) when the price crosses the T1MA line during the UK/US sessions. I plan to hold trades until the new optimized channel line is reached for maximum profit and a new intra-day Green line is drawn (or a small Dot is drawn at the channel indicating further movement after correction). However, I've observed that the zigzag line and matching dot may appear early, while the channel line tends to appear later (and can even push further), so I think it may be wise to wait for all three indicators to be in sync before considering exiting the trade. Even if I don't go with the push further, I will at least have taken a good chunk of meat off the bone (feasting without gouging).

To summarize, with the XU v53 setup, I aim to establish a daily entry trade and same-day exit trade (no carry trades) for optimal pip$ and repeat the format each day. This approach will create exponential growth each month through sustained daily trading.

Anyway, here's what the new chart setup looks like on the 15-minute timeframe. When I'm happy with the outcome, I will post an update for everyone to use. I will include all the settings used in the input menu in case you feel they need to be changed for other trading pairs.
Xard777
Away from the green line right? XARD: Yes


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