Re: XARD - Simple Trend Following Trading System

#6491
Dondbaze wrote:
Sat Mar 13, 2021 8:37 am
Hello guys.. Please I would like to ask something.. I have been trading currency since I started learning forex and I have come to understand risk management with it.. I have been having issues migrating to indices. I'm not exactly sure how to calculate risk.. And what lots sizes to use.. It's quite easy on currency as there are calculators to quickly tell you. Do anyone know any such calculator for indices to calculate risk? Thanks
This is from a post I made in this thread a weeks ago "Here are some very useful scripts to calculate account percentage to risk on each trade.

Copy them to your scripts folder and restart MT4. Go to scripts in the navigator and right-click to select Set Hot Keys. I suggest setting Open Short to CTRL Z, Open Long to CTRL C and Prepare stops to CTRL X. Then to place a trade press CTRL X, 2 pink lines will appear on your chart, double click to move them to where you want SL and TP. Then either CTRL Z for a short trade or CTRL C for a long trade, you will get the option to change risk percentages etc. The script will calculate the lot size based on your risk percentage, stop-loss and open the position.

If you wish to place a pending order start by pressing CTRL X twice (3 times will cancel it) a dashed Magents line will appear, move it to where you want the order to enter. Either limit or on stop does not matter it will work it out. Set stops as above and place long or short order."

I have modified the defaults to work with Indicies.
[Open_Long].mq4
(7.03 KiB) Downloaded 156 times
[Open_Short].mq4
(6.94 KiB) Downloaded 155 times
[Prepare_Stops].mq4
(3.23 KiB) Downloaded 156 times
"If you only knew the magnificence of the 3, 6 and 9, then you would have the key to the universe" Nikola Tesla


Re: XARD - Simple Trend Following Trading System

#6494
Today I made a change to the Profit/Loss section (bottom right of main chart).
Added Daily Profit/Loss percentage figure.
This will let you know when you have hit your Daily percentage target.

Just above the Profit/Loss area I will look at adding a Candle colour marker along with VQ colour marker, the idea being when both colours are in sync then you should look at a possible trade.

Will let you know how I get on.
Xard777
Latest.gif
XARD: Use the Orange ZZ line as your Intra-Day BIAS - Use the White Dot as your IntraDay HIGH/LOW - Use the White ZZ line for IntraDay EXIT - After a new Orange ZZ line appears, WAIT! for price to cross the Trend line to confirm a change in the Trend Cycle.

Re: XARD - Simple Trend Following Trading System

#6495
xard777 wrote:
Wed Mar 17, 2021 11:19 pm
Today I made a change to the Profit/Loss section (bottom right of main chart).
Added Daily Profit/Loss percentage figure.
This will let you know when you have hit your Daily percentage target.

Just above the Profit/Loss area I will look at adding a Candle colour marker along with VQ colour marker, the idea being when both colours are in sync then you should look at a possible trade.

Will let you know how I get on.
Xard777
Hi XARD,

this is really a very good idea. Maybe you also have the option to do the same for the PIPS.
In fact, I think that the PIPS daily goal is much more important.
Thank you for the implementation.
Best regards
Skyold

XARD: The Pip$ is on my to do list, yesterday I d/l about 8 different pip indys from FF. I will go through them in the hope of finding what I am looking for.
I also want to add two coloured rectangle boxes on the Panel column with Trend & VQ written inside them. When the box colours are sync then you would look for possible trades.
Basically, I am simply going through the stages of what I am looking for each day in my trading and adding those steps into the setup. For instance, today only the US500 was a SELL, my other two Indices that I monitor (WS30 & US2000) were in WAIT!!! status as they were out of sync. I am confident that once it is all up and running that I should be able to hit 6'000 Pip$ per week via the three Indices.
Be patient and wait for your chance


Re: XARD - Simple Trend Following Trading System

#6496
Skyold wrote:
Wed Mar 17, 2021 11:37 pm
Hi XARD,

this is really a very good idea. Maybe you also have the option to do the same for the PIPS.
In fact, I think that the PIPS daily goal is much more important.
Thank you for the implementation.
Best regards
Skyold

XARD: The Pip$ is on my to do list, yesterday I d/l about 8 different pip indys from FF. I will go through them in the hope of finding what I am looking for.
I also want to add two coloured rectangle boxes on the Panel column with Trend & VQ written inside them. When the box colours are sync then you would look for possible trades.
Basically, I am simply going through the stages of what I am looking for each day in my trading and adding those steps into the setup. For instance, today only the US500 was a SELL, my other two Indices that I monitor (WS30 & US2000) were in WAIT!!! status as they were out of sync. I am confident that once it is all up and running that I should be able to hit 6'000 Pip$ per week via the three Indices.
Thank you for your efforts and the time you invest.
The colored dots on the panel will provide additional security for many traders.
PS: You will certainly have a lot of fun getting 6000 pips from the market every week at your newly set up workplace
Skyold
Be patient and wait for your chance

Re: XARD - Simple Trend Following Trading System

#6497
xard777 wrote:
Wed Mar 17, 2021 11:19 pm
Today I made a change to the Profit/Loss section (bottom right of main chart).
Added Daily Profit/Loss percentage figure.
This will let you know when you have hit your Daily percentage target.

Just above the Profit/Loss area I will look at adding a Candle colour marker along with VQ colour marker, the idea being when both colours are in sync then you should look at a possible trade.

Will let you know how I get on.
Xard777
xard I might know the model of the candles you use from me are black

Re: XARD - Simple Trend Following Trading System

#6498
xard777 wrote:
Wed Mar 17, 2021 11:19 pm
Today I made a change to the Profit/Loss section (bottom right of main chart).
Added Daily Profit/Loss percentage figure.
This will let you know when you have hit your Daily percentage target.

Just above the Profit/Loss area I will look at adding a Candle colour marker along with VQ colour marker, the idea being when both colours are in sync then you should look at a possible trade.

Will let you know how I get on.
Xard777
Hi Xard,

While you are at it, could you please add "GER30.i" to the symbols, so it displays correctly on my XU Panel.
Thanks again

Re: XARD - Simple Trend Following Trading System

#6499
traderokey wrote:
Thu Mar 18, 2021 12:46 am
Hi Xard,

While you are at it, could you please add "GER30.i" to the symbols, so it displays correctly on my XU Panel.
Thanks again
Open the properties of this indicator and write the symbols as they appear in your MT4. I think so. Why once again strain a person.


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