Re: XARD - Simple Trend Following Trading System

16886
88FX88 wrote: Sat Aug 24, 2024 7:07 am Thanks for the tip. That doesn't help. I've already been through the subject. I have a high resolution on my laptop, 3072x1920. In the XUv65 version, I dug into the code and adjusted the template to this resolution. In the latest version, it's as you can see. However, that doesn't bother me. I can see what I really need. When I remove indi: Panel2 (showing % win or loss) from the latest version, the appearance of indi: Panel1 also deteriorates. I added an older version (65) of Indi: Panel2 to match the resolution of my chart. However, these are just nuances that don't matter at the moment. Our energy goes there. So I don't worry about the "Frankenstein" on the chart, and I focus more on the price movement, that's my attention and energy. Later I'll think about how to model the appearance of the chart :) I'll change the laptop at most, if it bothers me. Thank you again for every comment and supporting the entire community <3

XARD: OK, One last thing... unzip the enclosed Fonts folder then highlight all the fonts and copy to C:\Windows\Fonts
Then restart MT4. What can I say... I am curious.
Thank you, I installed the fonts in previous versions. I downloaded the last package and replaced the existing ones with the "new" ones. The effect on the chart remains unchanged. I suppose that the code does not have built-in scalability for different resolutions to automatically adjust to each chart. Regardless, thank you for your time.
XARD: Have you tried changing the resolution on the tablet?
These users thanked the author 88FX88 for the post:
Curioso
<3 <3 <3

Re: XARD - Simple Trend Following Trading System

16888
### The Essence of True Success

#### Knowledge vs. Abilities: The Fundamental Difference

In a world driven by information, the acquisition of knowledge has never been easier. For traders, access to market trends, analytical tools, and financial strategies are readily available at the click of a button. Yet, despite the wealth of information, not all traders achieve lasting success. The crux of this discrepancy lies in the distinction between knowledge and abilities.

Knowledge is an accumulation of facts, data, and information. It can be learned, memorized, and even superficially applied without deep personal growth. It's like having a map of the terrain but lacking the physical and mental stamina to navigate it. On the other hand, abilities are deeply embedded characteristics such as discipline, resilience, emotional intelligence, and adaptability. These abilities are cultivated through experience, effort, and often, through overcoming adversity.

#### The Pitfall of Knowledge-Heavy Approach

Many traders fall into the trap of believing that sheer intellect and market knowledge are the end-all and be-all. Such traders may master technical analysis, understand economic indicators, and stay abreast of global financial news. However, if they lack the core abilities of successful individuals, their knowledge becomes a fragile foundation. Without abilities like patience, emotional stability, and a long-term perspective, even the most knowledgeable trader may falter at the first sign of market volatility.

#### True Competitive Advantage

Accepting that abilities outweigh knowledge in the journey toward success provides a profound competitive edge. Here’s why:

1. **Sustainability**: Abilities such as perseverance and resilience ensure that you can sustain efforts during tough times, while mere knowledge may not suffice when challenges arise.

2. **Consistency**: Abilities like discipline and focus help maintain consistency in practice and execution, leading to steady growth and performance.

3. **Application**: Abilities enhance the practical application of knowledge. A disciplined trader, for instance, won’t just know about risk management; they'll rigorously apply it to protect their capital.

#### The Journey of Ability Development

Developing the abilities of success is arguably more demanding than acquiring knowledge. It involves:

- **Self-Awareness**: Understanding your strengths, weaknesses, and emotional triggers.
- **Habit Formation**: Cultivating habits that reinforce positive abilities such as regular learning, mindful trading practices, and health routines.
- **Adaptability**: Being open to change and learning from failures rather than being paralyzed by them.
- **Mentoring and Community**: Engaging with mentors and like-minded individuals who challenge and support your growth.

#### Long-Term Vision

Understanding that abilities provide the bedrock for lasting success, the pursuit shifts from a temporary ambition to a sustainable vision. Temporary success, often built on fragile foundations of fleeting knowledge, crumbles under pressure. However, success rooted in robust abilities not only endures but also evolves, navigating through various phases of market cycles and personal growth.

### Conclusion

Envision your journey not merely as an acquisition of knowledge but as an ongoing transformation into a well-rounded, resilient individual. Reflect on the abilities you need to cultivate: how can you enhance your resilience, discipline, and emotional intelligence? With abilities as your compass and knowledge as your tool, success is not just a peak to be temporarily climbed but a journey to be continually embraced and sustained.

Consider the examples of highly successful individuals who balanced knowledge with profound personal growth. Think about actionable steps you can take today—such as practicing mindfulness to enhance your focus and mental clarity. This might involve setting aside a few minutes each day for meditation or deep-breathing exercises to center yourself amidst the noise. Additionally, you could maintain a journal to track your emotional responses to different market conditions, which can help you identify patterns and improve emotional regulation or developing a routine that reinforces positive habits. In doing so, you transform success from a fleeting achievement into a lasting and evolving journey.
Xard777
These users thanked the author xard777 for the post (total 15):
Curioso, victortrend, lukgoku, Skyold, ODJ, maroka, satyafx, XXXX, 88FX88, ssotiro, billinhit, eduarescobar, DaffyTaffy, LorenzoNexus, whalez
XARD: If Carlsberg made charts... Probably the best charts in the world

Re: XARD - Simple Trend Following Trading System

16889
### Focus on EMAs Only:

#### General Setup: As used in XU v12m-Setup post1295548490.html#p1295548490
- **EMA 13:** Short-term trend indicator
- **EMA 55:** Medium-term trend indicator
- **EMA 200:** Long-term trend indicator

#### Timeframes:
- **5-minute chart:** For precise entries and tactical decision-making
- **30-minute chart:** For overall trend assessment and strategic decisions

### Understanding Trend, Pullbacks, and Reversals with EMAs:

#### Trend:

**Uptrend (Bullish Scenario):**
- **Identification:**
- Price is above the EMA 200 on both the 5-minute and 30-minute charts.
- EMA 13 is above EMA 55 on both the 5-minute and 30-minute charts.

- **Buy Opportunities:**
- Look for pullbacks to the EMA 13 or EMA 55 on the 5-minute chart.
- When price approaches and respects the EMA 13 or EMA 55 as support, placing a buy order can be considered.

**Example:**
1. **Identification:** Price is above EMA 200 on both charts, and EMA 13 > EMA 55.
2. **Pullback:** Price pulls back towards EMA 13 (short-term support).
3. **Entry (Buy the Bounce):** As the price touches EMA 13 and starts to move upward again, enter a long position.
4. **Stop-Loss:** Just below EMA 55.
5. **Target:** Aim for the recent high or use a risk-reward ratio (e.g., 1:2).

**Downtrend (Bearish Scenario):**
- **Identification:**
- Price is below the EMA 200 on both the 5-minute and 30-minute charts.
- EMA 13 is below EMA 55 on both the 5-minute and 30-minute charts.

- **Sell Opportunities:**
- Look for rallies towards the EMA 13 or EMA 55 on the 5-minute chart.
- When price approaches and respects the EMA 13 or EMA 55 as resistance, placing a sell order can be considered.

**Example:**
1. **Identification:** Price is below EMA 200 on both charts, and EMA 13 < EMA 55.
2. **Rally:** Price rallies towards EMA 13 (short-term resistance).
3. **Entry (Sell the Bounce):** As the price touches EMA 13 and starts to move downward again, enter a short position.
4. **Stop-Loss:** Just above EMA 55.
5. **Target:** Aim for the recent low or use a risk-reward ratio (e.g., 1:2).

### Pullback Only:

- **Pullbacks in an Uptrend:**
- Use the 5-minute chart to identify when the price pulls back to EMA 13 or EMA 55.
- Use the bounce off these EMAs as entry points for long trades.

- **Pullbacks in a Downtrend:**
- Use the 5-minute chart to identify when the price rallies (pulls back) to EMA 13 or EMA 55.
- Use the bounce off these EMAs as entry points for short trades.

**Buy the Bounce Example in an Uptrend:**
1. **Overall Uptrend:** Price is consistently above EMA 200, EMA 13 > EMA 55 on both charts.
2. **Pullback:** On the 5-minute chart, price pulls back to EMA 13.
3. **Buy Entry:** When price stabilizes and starts to move up from EMA 13.
4. **Stop-Loss:** Just below EMA 55.
5. **Target:** Previous highs or predefined risk-reward ratio targets.

**Sell the Bounce Example in a Downtrend:**
1. **Overall Downtrend:** Price is consistently below EMA 200, EMA 13 < EMA 55 on both charts.
2. **Rally:** On the 5-minute chart, price rallies to EMA 13.
3. **Sell Entry:** When price stabilizes and starts to move down from EMA 13.
4. **Stop-Loss:** Just above EMA 55.
5. **Target:** Previous lows or predefined risk-reward ratio targets.

### Reversals:

**Bullish Reversal:**
- **Identification:** The price breaks above EMA 13, EMA 55, and eventually the EMA 200 on both the 5-minute and 30-minute charts.
- **Strategy:**
- Once the price closes above EMA 200, look for it to pull back to this level.
- Enter a long position when the price holds and bounces off EMA 200.
- Place a stop-loss just below EMA 200.

**Bearish Reversal:**
- **Identification:** The price breaks below EMA 13, EMA 55, and eventually the EMA 200 on both the 5-minute and 30-minute charts.
- **Strategy:**
- Once the price closes below EMA 200, look for it to rally back to this level.
- Enter a short position when the price holds and bounces off EMA 200.
- Place a stop-loss just above EMA 200.

### Summary:

- **Trend:** Confirm the overall market direction using EMA relationships on both 5-minute and 30-minute charts.
- **Pullbacks:** Use pullbacks to EMAs (13 and 55) as entry points within the trend.
- **Reversals:** Identify potential trend changes where the price crosses the EMA 200 and use this level as an entry point on pullbacks.

By keeping the focus purely on EMAs, you streamline your decision-making process, leveraging the simplicity and effectiveness of these moving averages in identifying trends, pullbacks, and reversals. This disciplined approach helps in consistently finding high-probability trade setups. Yes, Trading Arrow Dot to Arrow Dot and looking to enter in each cycle at the first Triangle (2nd Dot) with the view of trading to the next Arrow Dot is all well and truly great for enhancing your trading strategy but you have to learn the basics grounded in the EMAs first.
Xard777

Here is an EMA cycle indicator that will display in the sub-window and help keep your focus on EMAs on the chart.
Enjoy!
XARD: If Carlsberg made charts... Probably the best charts in the world

Re: XARD - Simple Trend Following Trading System

16890
Sir xard. I have fixed the background on weekly open line. But I am not getting candle set. Will you add function of weekly open line in 200ema. From this above weekly open line buy and wait candle appear. And below weekly open line sell and wait candle will appear.

XARD: I have sent you a PM
These users thanked the author muhammadFarooq2k20 for the post (total 2):
Mickey Abi, eduarescobar