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Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 1:26 am
by josi
"The most important basic rule of XARD: do not be greedy."
I sometimes wonder: is "greedy" a technical term that is really helpful in technical analysis and trading? If so:
when does "greedy" start? 5 pips? Probably not. 20 pips? Maybe. 182 pips? ...
And does greedy mean the same for all instruments? Maybe you are "greedy" if you pocket 20 pips on EURUSD but not if you make 45 pips trading US500.
All this "greedy"-talk to me sounds a bit like: I haven't really mastered my exits (meaning: I have no fixed rule), that's why I tend to get out while the move is still strong.
So maybe - just maybe - that is one weakness still left in the Xard-system (and most others, by the way).
So should you read this, Xard, and still be just this tiny fraction away from retirement: maybe, just maybe, you could still surprise us (around May, the 18th) with a new and ingenious fixed rule for exits.
I think (while beginners struggle with entries,) most traders struggle with exits.
XARD: Funny how you mention that, I used the new exit rule today :-)
man, you are the light of day
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 2:56 am
by Castle73
I agree with you Josi. Xard's system is brilliant and I feel very comfortable with the entries. I'm still trying to master exits. And in my opinion, exits can be more important than entries. Xard, could you share your rules for exits? Do you just go by "feel" or do you have an indicator that helps you determine when?
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 3:08 am
by jcorp01
XARD, can you share the new settings for the 1hr VQ?
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 3:09 am
by maroka
jcorp01 wrote: Sat Mar 20, 2021 3:08 am
XARD, can you share the new settings for the 1hr VQ?
Patience my man, patience..
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 3:27 am
by society
super resource heavy, cant even run 1 hr vq on a 15
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 3:31 am
by Skyold
josi wrote: Sat Mar 20, 2021 1:26 am
"The most important basic rule of XARD: do not be greedy."
I sometimes wonder: is "greedy" a technical term that is really helpful in technical analysis and trading? If so:
when does "greedy" start? 5 pips? Probably not. 20 pips? Maybe. 182 pips? ...
And does greedy mean the same for all instruments? Maybe you are "greedy" if you pocket 20 pips on EURUSD but not if you make 45 pips trading US500.
All this "greedy"-talk to me sounds a bit like: I haven't really mastered my exits (meaning: I have no fixed rule), that's why I tend to get out while the move is still strong.
So maybe - just maybe - that is one weakness still left in the Xard-system (and most others, by the way).
So should you read this, Xard, and still be just this tiny fraction away from retirement: maybe, just maybe, you could still surprise us (around May, the 18th) with a new and ingenious fixed rule for exits.
I think (while beginners struggle with entries,) most traders struggle with exits.
XARD: Funny how you mention that, I used the new exit rule today :-)
man, you are the light of day
Hi Josi,
I was wondering why you haven't commented on it yet :-)
And then it came.
Many thanks.
So the following is meant by greed:
There is a recalculated ADR every day
And today I got 25% of the whole cake.
Or you could also say the following: This time I took my hind leg from the whole cow and not only the T-Bones :-)
You are light at the end of the tunnel :-)
I wish you all a lot of fun and lots of PIPS.
I'll be gone for a couple of weeks
Skyold
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 3:32 am
by sl1ckv1c
xard777 wrote: Sat Mar 20, 2021 1:20 am
I have set the VQ on the 1m, 5m, and 15m to show 1hr.
This is great for working out your daily trading strategy.
btw, the portrait version is working out a treat, you can see which charts are moving in sync and you can trade with the flow.
I have been adding emphasis on the VQ for directional trading. I enclose a 5m chart for your perusal.
Xard777
Great system XARD, I am attempting to set the VQ at 1 hour on the 5 minute timeframe and it is locking up the application. Is anyone else experiencing that problem? Using a noncustomized version of the VQ indicator doesn't have that issue but the settings obviously don't match up with XARD's.
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 3:39 am
by Cladi39
Golden Nugget Festival...
XARD: You really seem to be enjoying yourself, I am happy for you.
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 4:05 am
by Blin
Cladi39 wrote: Sat Mar 20, 2021 3:39 am
Golden Nugget Festival...
what do you use for sl and tp?
Re: XARD - Simple Trend Following Trading System
Posted: Sat Mar 20, 2021 4:09 am
by Cladi39
Blin wrote: Sat Mar 20, 2021 4:05 am
what do you use for sl and tp?
Generaly i use the last swing for sL and take a profit with next SR or win ratio when archieve the 1:1 ratio i usualy trailing SL. If you take the trade according the daily open you can use daily open line for SL.