Re: XARD - Simple Trend Following Trading System

#7243
I struggle with money management part of the trading.... I am trying to wrap my head around the compounding document shared by XARD. Can someone explain where this 1500 figure comes from that I enclosed in the red square.... Another suggestion is that the ADR values are right on the price and blur the price action or at least make them heavy on the eyes.... Is it possible to move them to the right of the price.... Has anyone tried to implement this concept of money management? It would be really kind to share your insights regarding the compounding principle in trading. I feel lack of proper understanding in devising the proper lot sizes and stop loss management is the root cause of all failures in trading so this areas needs as much coverage as the trading system itself.
Screenshot_1.png

Re: XARD - Simple Trend Following Trading System

#7244
Mustafa wrote:
Sun May 09, 2021 2:16 am
I struggle with money management part of the trading.... I am trying to wrap my head around the compounding document shared by XARD. Can someone explain where this 1500 figure comes from that I enclosed in the red square.... Another suggestion is that the ADR values are right on the price and blur the price action or at least make them heavy on the eyes.... Is it possible to move them to the right of the price.... Has anyone tried to implement this concept of money management? It would be really kind to share your insights regarding the compounding principle in trading. I feel lack of proper understanding in devising the proper lot sizes and stop loss management is the root cause of all failures in trading so this areas needs as much coverage as the trading system itself.
Per lot 1500 is min required. So if you put 3k you will get 2 lots.I have tried it. But i also struggle with stop loss and TP.I think weekly target gives you lot more flexibility.But 15 points per day on US30/DOW/WS30 is possible and realistic.

Re: XARD - Simple Trend Following Trading System

#7245
xard777 wrote:
Wed May 05, 2021 6:24 am
Update - XARD FX Final Edition.

I am officially retiring on the 18th May, this is as good a time to post my last setup for everyone's perusal.
As usual keep what works for you and discard the rest.


Enjoy
Xard777

Make more money than you have ever dreamed of, and then some.


corrected ADX
Dear Xard,

Reading your message the first time round, I thought you were retiring from a day job.

Few posts later you confirmed it to everyone.

Thank you for all the help and support.

Thank you for giving us your time.

Thank you for being an angel.

Its been 6 months since I joined this thread.

What you shared with us is a treasure.

I was hoping you would stay longer with us.

Last month, I decided to start learning mql.

By the end of this year, I plan to have a

finished EA that will trade your system.

This EA will be my X-Mas / Retirement gift

to you to say thank you.

Take care and be safe :hug:

msbh


Re: XARD - Simple Trend Following Trading System

#7248
[quote][/quote][quote=FourXXXX post_id=1295434585 time=1620253986 user_id=4944401]
There is also a sell 16 bars to the right where all 3 lines turned yellow with large profit potential.

If you look at the breakout indicator it would have given you a sell at the yellow line giving an earlier entry and more profit.
[/quote]
SharedScreenshot.jpg
Please, dear brother, can you share this breakout line indicator that you mentioned. I put it in parentheses in the picture. Please share it or mention the name of the indicator with thanks.

Re: XARD - Simple Trend Following Trading System

#7250
sudhindragk wrote:
Sat May 08, 2021 10:25 pm
Xard,

Glad you liked it. Its attached with this post.
I have removed only 1 indi : MMATH and added pivots : D W M.
The reason i removed MM was it was showing too many lines.
If there is a way to keep just even digit MM then charts may not be cluttered.
Perhaps you can come up with some brilliant idea.
I believe in golden pivots : two or more confluences of one or higher time frame pivots.
It works really nice. So a template might not be required. I will post more charts to explain the concept.

Regards
Sudhindra
seems he will ignore the request to modified his system, i think its gonna be a legacy like psx or nitendo saturn and then ppl will move to a newer system


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