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Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 5:44 am
by Curioso
btengkk68 wrote: Sun Sep 22, 2024 3:17 am Hi all, firstly I wish to thank everyone who has contributed generously and unselfishly to this thread. I can't possibly imagine the numerous hours, effort and energy spent to develop, finetune and simplify the system for new traders. Kudos and hats-off to all involved in the process.

I've several questions on the system. I've searched for answers on this thread where possible but do bear with me if I missed it.

1) For the daily open line, does it matter if I am in a different timezone? Following the 2nd dot, I believe I should buy if price is above the opening price and sell if below for better success rate, correct?
2) If the symbol colour and the panel 1 text box colour is different, do I stay out? Should I buy/sell only when both the symbol colour and the text colour is the same?
3) I notice from the screenshots, the spread for Gold and Bitcoin is small but for me, it it pretty big. Is it because you're trading in US timezone where the spread is better?
4) There are several versions out there. XU-v14m, XU-v65 and XU-v65m. What is the difference? I read a post indicating XU-v65m is more suitable for 15m trading. Does the different versions matter?

I'm in Asia timezone and am going to sleep now.

Thank you and good night :)
Hello btengkk68,

First of all, welcome to this wonderful community.

Q1: Depend on the time zone of your broker, you can check the in side of Market Watch on MetaTrader desktop. Q1.1: Exactly, but sometimes is a reference, we are above the daily open and think we are looking for buy and a true fact we are in a sell entry.
Q2: Is correct, is a little detail i watch too :)
Q3: Depend on the time zone of your brokers, and some hours have an spread higher.
Q4: This is a difficult question to answer, because it's very personal. You have members who trade even with older versions and are comfortable with that, others with v65m versions and others with more recent ones. It all depends on the style of trading you do every day.

I hope I've been able to answer your questions.

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 6:48 am
by Curioso
Andreas2000 wrote: Sun Sep 22, 2024 3:41 am Hello dear members, I wanted to ask experienced traders: What do you do to stay fit? Sitting in front of a monitor all day is very tiring. Do you go to the gym regularly or do you do certain sports?
Hello Andreas2000,

I don't trade every day of the week, in every pair, because sometimes it has to do with patience and discipline, which we see many times mentioned here. And there are other days when I only trade in Asia Session and have the day free to do other things.

Another point is about waiting many hours for specific pattern.

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 7:17 am
by lukgoku
Andreas2000 wrote: Sun Sep 22, 2024 3:41 am Hello dear members, I wanted to ask experienced traders: What do you do to stay fit? Sitting in front of a monitor all day is very tiring. Do you go to the gym regularly or do you do certain sports?
Hi Andreas2000,

I must say that I am not an experienced trader, but because of this I spend a lot of time in front of the charts, to improve and learn. I impose myself breaks and every two/three days I go for a run (20/30 minutes) because anyway the stress that accumulates has to be discharged somehow. I don't like the gym, I prefer the outdoors and I also find running mentally useful.

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 7:53 am
by Andreas2000
lukgoku wrote: Sun Sep 22, 2024 7:17 am Hi Andreas2000,

I must say that I am not an experienced trader, but because of this I spend a lot of time in front of the charts, to improve and learn. I impose myself breaks and every two/three days I go for a run (20/30 minutes) because anyway the stress that accumulates has to be discharged somehow. I don't like the gym, I prefer the outdoors and I also find running mentally useful.

Thanks a lot lukgoku, I'll give that a try, maybe running and walking in nature will make my trades successful

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 11:16 am
by cladi53
Andreas2000 wrote: Sun Sep 22, 2024 7:53 am Thanks a lot lukgoku, I'll give that a try, maybe running and walking in nature will make my trades successful
STUDY, DISCIPLINE AND PATIENCE, That three thing will make you good treder. Can be in 1 year, 5 years, 10 years or never.

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 11:19 am
by cladi53
The best momment to exit the trade is when you are winning. Thats was the answear from a good trader.

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 3:44 pm
by btengkk68
Curioso wrote: Sun Sep 22, 2024 5:44 am Hello btengkk68,

First of all, welcome to this wonderful community.

Q1: Depend on the time zone of your broker, you can check the in side of Market Watch on MetaTrader desktop. Q1.1: Exactly, but sometimes is a reference, we are above the daily open and think we are looking for buy and a true fact we are in a sell entry.
Q2: Is correct, is a little detail i watch too :)
Q3: Depend on the time zone of your brokers, and some hours have an spread higher.
Q4: This is a difficult question to answer, because it's very personal. You have members who trade even with older versions and are comfortable with that, others with v65m versions and others with more recent ones. It all depends on the style of trading you do every day.

I hope I've been able to answer your questions.
Thanks Curioso for your reply. It answers my questions.

I think my greatest issue is impatience. I’m looking for a trade where there is no clear signal and I enter a trade only to be stopped out. It appears that trades are easily available every day, every minute for traders out there. But it is probably an illusion or maybe, these are experienced traders who can spot patterns, read the price action.

I’ve to learn patience :)

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 5:05 pm
by Andreas2000
btengkk68 wrote: Sun Sep 22, 2024 3:44 pm Thanks Curioso for your reply. It answers my questions.

I think my greatest issue is impatience. I’m looking for a trade where there is no clear signal and I enter a trade only to be stopped out. It appears that trades are easily available every day, every minute for traders out there. But it is probably an illusion or maybe, these are experienced traders who can spot patterns, read the price action.

I’ve to learn patience :)
I have exactly the same problem, instead of waiting for an entry signal I am constantly looking for a signal, sometimes it happens that I open a trade at the end of the movement, like jumping on a moving train, sometimes it works, but most of the time it ends with SL

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 5:29 pm
by tmostafa007
Dear Curioso,

Finally, I think I have a basic understanding of the XARD system now, but I still have one question:
  • Please check the screenshot below.
    How can I avoid this type of issue and identify when it's a fake signal to prevent it?
For example: A. How many mini-dots should I wait for, especially since sometimes it works after 2 dots, 4 dots, or even after one big blue dot and pink dot?

I believe if I get a clear explanation of this, I will fully understand the concept. As you said, I do grasp the overall elements as you’ve mentioned.

Re: XARD - Simple Trend Following Trading System

Posted: Sun Sep 22, 2024 6:41 pm
by horizon202
From the ideas of XARD and vvfish, playing around the Madrid trend squeeze indicator, just follow the second dot and confirm entry by the trend cycle color and Madrid signal. MTF option (pic 2) can be a better filter.