Hi guys.
Just thought I'd share a simply yet effective strategy I have been using for some time trading gold and silver now.
This system has proven to be effective when looking at trending markets, we should always exercise some risk and money management principles.
The idea is not to have the strategy overly complicated.
Do with it as you please, modify it or even look at back testing. The idea though is to keep it as simplified. Play with it on the demo for some time and go live when when you are ready and happy with it within the confines and realities of trading.
This is no holy grail system. If that's what you're looking for then please give this a miss. This system will offer a high probability ratio and in most instances there will be more winners then there are loosers.
Rules.
1. 15 EMA applied to the close.
2. 30 EMA applied to the open.
We look to buy:
On 4hourly or 1hourly chart 15 EMA crosses above 30 EMA
Candlestick/price gets close to 15 EMA.
Drop to 15min chart, when price near 15 EMA on 15M chart we buy.
SL a couple of pips away from swing low on 4h/1H
We look to sell:
On 4hourly or 1 hourly chart 15 EMA crosses below 30 EMA
Candlestick/price is close to 15 EMA.
Drop to 15min chart, when price near 15 EMA on 15M chart we sell
SL a couple of pips away from swing high on 4h/1h.
Note. In line with good money management, close half position and move SL to BE once price has moved in our direction. Or use a trail stop to protect some profit.
Note. If you're using it on the 1 hour chart you will get more setups compared to the 4h hourly chart, less DD but requires more screen time.
4 hourly chart will give less entries and some DD but less trade intensive.
When the EMA' are flat, Stay out.
Simple yet effective.
Just thought I'd share a simply yet effective strategy I have been using for some time trading gold and silver now.
This system has proven to be effective when looking at trending markets, we should always exercise some risk and money management principles.
The idea is not to have the strategy overly complicated.
Do with it as you please, modify it or even look at back testing. The idea though is to keep it as simplified. Play with it on the demo for some time and go live when when you are ready and happy with it within the confines and realities of trading.
This is no holy grail system. If that's what you're looking for then please give this a miss. This system will offer a high probability ratio and in most instances there will be more winners then there are loosers.
Rules.
1. 15 EMA applied to the close.
2. 30 EMA applied to the open.
We look to buy:
On 4hourly or 1hourly chart 15 EMA crosses above 30 EMA
Candlestick/price gets close to 15 EMA.
Drop to 15min chart, when price near 15 EMA on 15M chart we buy.
SL a couple of pips away from swing low on 4h/1H
We look to sell:
On 4hourly or 1 hourly chart 15 EMA crosses below 30 EMA
Candlestick/price is close to 15 EMA.
Drop to 15min chart, when price near 15 EMA on 15M chart we sell
SL a couple of pips away from swing high on 4h/1h.
Note. In line with good money management, close half position and move SL to BE once price has moved in our direction. Or use a trail stop to protect some profit.
Note. If you're using it on the 1 hour chart you will get more setups compared to the 4h hourly chart, less DD but requires more screen time.
4 hourly chart will give less entries and some DD but less trade intensive.
When the EMA' are flat, Stay out.
Simple yet effective.
4+1(Gold) Return This Month:
9.3%
