Re: XARD - Simple Trend Following Trading System

1053
Markets are closed, but if you want to trade something. Bitcoin is 24 hours...

Just hopped on a BUY trade on Bitcoin and bagged 39+ pips in less than 2 minutes (caught it at the right time)... could've held for more but happy with 39+ pips.

Used the 5 min set up on this trade...

Here's the things that made me take the trade:

1) Look at the "BUYS only" comment at the top left... keeps you focused on direction.
2) Thick black slope on bottom of price
3) Blue signal line
4) Blue candles
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Re: XARD - Simple Trend Following Trading System

1054
jcorp01 wrote: Sat Jan 11, 2020 5:42 am Xard's system does work.... and it actually makes trading SIMPLE. I think I saw Xard mention something that Trading isn't complicated and is just common sense... something like that...

I'm finding it day by day, that statement is true... especially with Xard's system.

Today's open trades...
Image

Can Someone help to explain how the DashBoard assist the trading? And what is the Rst, BSr, X stand for?
Great Thanks.

Re: XARD - Simple Trend Following Trading System

1055
francisfinley stimpy wrote: Mon Jan 06, 2020 11:20 am

Ok lets not derail the thread but I guess its helpful for others to read and learn - Xard's system ends up on most of the other forums around the world in multiple different languages.

I am not talking about the programming aspect - you are correct that you simply take the buffer if available and line them up. Where not available you just use the indicator within the EA. As I said, its less than a mornings work.

Some (massive) issues you are going to face;
-Range/chop - if you square the circle, it will always break. The market will ALWAYS break something you think has 'nailed it'. This is the biggest problem you will face in automating - any clown can make money in trends.
-Volatility/liquidity - Similar to above this will make or break you, just from 10pm UK and thin liquidity to batshit times of volatility you cannot statically forsee this in MT4 with the above. Random spikes for no reason are happening more and more.
-News - this wasn't so much a problem before but now the algos are going fucking nuts 24/7 - check out when selerity put out the wrong news via their tweet stuff and I think it was AUD shat itself 40 pips.
-Economic events - you have to calendar all that crap in. Doable, but I have seen minor events wreck stuff.
-Hedging/Recovery - another massive topic.
-Stop Loss/Take Profit - The biggest topic of them all.

Your 'solution' for repainting is just the same as reading the buffers and them all complying. The repainting point is more about backtesting and visuals. A repainting system looks great, hell, everything looks great in MT4 until you actually come to objectively test it. It all unravels very quickly and you realise you have nothing at all in terms of automation. You will soon realise how very limiting MT4 is.

Then there is the issue of valid backtesting - MT4 is already utterly rubbish for this, let alone trying to solution repainting indicators, let alone valid data - note every MT4 brokers data is different.

In terms of professionalism you have to look at the guys who have been around for years and contemplate why they can't get anything automated to pay for their lambo's/yachts/mansions which they still haven't got.... check out Hanover (on Forexfactory.com) & Steve Hopwood (Stevehopwoodforex.com) - they are perfectly competent MT4 programmers but they have stated they have never been able to get anything 'going'. You should digest that, they are way more competent MT4 programmers than I shall ever be, they are not mladen level, but they know enough.
Therefore, its not about the level of professionalism with respect to MT4.

So is it then down to the system/method you use? Yes and no.

As I mentioned above - retail, MT4, Day Trading is a completely and utterly different world to the system/algorithmic trading world employed by the big boys succeeding at it - they won't be using MT4.

What about all the social trading sites and signal copy services that are all 200% profitable per month you ask? They aren't.... I have tested those too. Its all nonsense, mostly scams, underneath they are just martingales.

*There is always one in a forum/thread that will say Jimmy Mcwherters EA does 500% a year....
If you have never seen their withdrawal statement into their bank from their broker then you can guarantee they are lying.
MT4 can be gamed - see here, metaquotes had this removed from youtube https://d.tube/#!/v/mt4-gets69d/QmdLEC5 ... F7iFFHhf7K

99.999% of people 'trading forex' lose, not the 77% touted by your broker. Its bascially a giant Casino teetering on Scam.

You 'can' make money in forex if you have outstanding discipline along with emotional intelligence, if you have these you can make money trading.
If you don't its highly unlikely you will ever make money trading manually - even if your system has a 100% win rate because you won't have the discipline and emotional intelligence to employ risk and money management along with sound trade execution and trade management.
Note most professional traders only win 40-60% trades, most professional traders only return 5-7% a year.
The cards are so stacked against you its pretty silly.

People have wild get rich quick dreams and try to automate what they do manually and soon realise quickly they cannot, it is a completely different journey to embark on.
So choose, are you going to be a manual trader or a system/automated/algorithmic/quant trader?

I have never been able to replicate what I can do manually, via MT4 automated EA. Why? Because what you do manually is discretionary - closer to gambling than systematic objective process driven 'trading'.

So in conclusion, of course the above can be automated - will it return you a positive return? - I can already tell you it won't, I don't even need to backtest it or forward walk it, I know what each of these indicators are and what they are underneath and the limitations of MT4.
You can take the basic system above but it would take you months to years of mucking about before you realise that MT4 is not the way to go.

All you have is price and time within MT4 (digest that point), if it was that easy, there would literally be thousands of programmers making hundreds of thousands a year. There are literally none.

People that have, have had to refactor libraries and pretty much take everything out of MT4 and just use it as the pass through to the broker.

And to finish - those that automate STILL sit in front of their system watching their automated system to check its actually doing what it needs to be doing. Those of you with those wild dreams of making an MT4 EA so you can sit on the beach or drive your speedboat are dreaming - it will never ever happen.

This is just some late night ramblings from me, probably all bollocks when I read it back tomorrow but hopefully it helps.
"Preach!, Francis"

Always love to hear your thoughts, advice, and knowledge you give. I know all that you have gone through in this Forex game. You have been through it all, I know.
I wish you had like a blog/vblog or a column in the Wall Street Journal because I would definitely subscribe.

Ish
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Re: XARD - Simple Trend Following Trading System

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xard777 wrote: Tue Jan 07, 2020 3:24 am Tweaking Setup

I really like this Trend setup, it still needs a bit more work but so far I am impressed with the results on 5 Min and 15 Min TFs.
Makes it easier to see direction and wait for breakouts. Plus less information on the charts.
I still have to sync the candles and background to the new Trend ribbon, will do that once I have the ribbon just right.
Xard777
Looks like pure gold on those Indices. And to look that good on the 5 min and 15 min. You can just rack the pips up all night long.

I remember when we would struggle on those pisky smaller time frames now it's becoming your bread and butter.

Very nice!

Ish
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Re: XARD - Simple Trend Following Trading System

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DRAXILL wrote: Sat Jan 11, 2020 12:56 pm

Looks like pure gold on those Indices. And to look that good on the 5 min and 15 min. You can just rack the pips up all night long.

I remember when we would struggle on those pisky smaller time frames now it's becoming your bread and butter.

Very nice!

Ish
Thanks Ish for your wonderful insights that you share here with us. I especially liked the posts you did while in a pub about the BidRatio. It was an eye opener for me for I had tried googling and could not understand how it worked. I have observed it over the last two weeks and for indices which don't seem to have a currency strength meter like currencies, and it serves that role very well! When the BidRatio is green combined with the blue background and blue candle, one has a winner. For the first time am also able to make sense of MML. They are spot on with indices. Thanks again for your contribution.
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Re: XARD - Simple Trend Following Trading System

1058
Mundu19 wrote: Sat Jan 11, 2020 5:01 am

Possibly you are not following the simple rules of the system, namely for an Up Trend, Do not take a Buy below the 1 Min Trend line ( for a 5 Min TF). In the chart I have posted below of the 5 Min TF (8th of Jan), you could have entered with the Franfurt Open when you got the Blue candle and the Background also turned to Blue. Notice also second white dot which Xard called the Pips making dot! That move had around 270 Pips to the London close with no pink candle appearing anywhere. You could also enter on the 15 Mins TF and follow the trade on your 1 H TF.
The rules are stated here: viewtopic.php?p=1295400468#p1295400468
Mundu
Any chance you can share the sessions indicator
thank you
traderduke

Re: XARD - Simple Trend Following Trading System

1059
Mundu19 wrote: Sat Jan 11, 2020 5:01 am

Possibly you are not following the simple rules of the system, namely for an Up Trend, Do not take a Buy below the 1 Min Trend line ( for a 5 Min TF). In the chart I have posted below of the 5 Min TF (8th of Jan), you could have entered with the Franfurt Open when you got the Blue candle and the Background also turned to Blue. Notice also second white dot which Xard called the Pips making dot! That move had around 270 Pips to the London close with no pink candle appearing anywhere. You could also enter on the 15 Mins TF and follow the trade on your 1 H TF.
The rules are stated here: viewtopic.php?p=1295400468#p1295400468
in my graph at this stage there are no semafor dots
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