XARD FX Trading System
Content
The XARD FX System was developed with a combination of several trend-following indicators used to test the trading strength of the market and signal for entry into trades. Furthermore, this system also helps to identify trailing stops and trade exits from any active market entry.
XARD FX can be applied to trade all types of forex currency pairs, ideally the main peers in the financial markets. Furthermore, this system suits all types of trading styles as it works on all timeframe charts available on the MT4 platform.
Setting up a price chart
- Unzipping the file;
- Copy the template to the templates folder;
- Copy the indicators to the MQL4 folder -> indicators;
- Restarting the terminal;
- Open the chart of the desired currency pair;
- Install a template called XARD FX.
XARD FX Forex Trading System Explanation
- STR & STR12: Both indicators are applied to identify the market trend on a short and medium term basis. STR is suitable for use for scalping purposes and STR12 for day trading activities.
- XRDFX-38: This indicator projects to the overbought/oversold area of the market.
- CCI Trend-03: a trend filter, used to certify trend signals generated by other indicators in the system.
XARD FX System: Purchase Conditions
- Price moves above STR and STR12;
- Price bounces above the lower band of XARDFX-38;
- CCI Trend-03 turns into a positive value;
- A purchase can be triggered when all of the above conditions are met;
- Set the stop loss below the lower band of XARDFX-38;
- Exit the position whenever the price reaches above the current STR12 level.
XARD FX System: Sales Conditions
- Price moves below STR and STR12;
- Price drops below the upper band of XARDFX-38;
- CCI Trend-03 turns into a negative value;
- A sale can be triggered when all of the above conditions are met;
- Set the stop loss above the upper band of XARDFX-38;
- Exit take profit whenever the price drops below the current STR12 level.
Before using the trading strategy XARD FX in a real warehouse, we recommend testing it in a demo account.
Related Posts
FX Bolt Forex System Without MT4 Redesign
FX Bolt is a classic trading system based on a signal indicator, a…
1-2-3 MT4 Trading System
The 1-2-3 trading system comes with several trend-following trading indicators…
Sniper Scalp Strategy
The Sniper Scalp trading strategy is a system adapted for scalping. This system is…
Scalping MA Channel with Bollinger Bands
Channel Scalping MA with Bollinger Bands is a trend system filtered by the indicator…
Scalping Trading Strategy
The trading strategy can be used for scalping as well as trend trading…