20 Pips a Day Strategy - Gold 20 Pips Strategy

The 20 pips price range moving average indicator strategy is used with the 15 minutes & 1H Charts. On this chart timeframes we use the 100 and 200 simple moving average MA trading indicator.

Both the 1 Hour & 15 minute trading chart time frames will use the 100 & 200 simple moving average MA indicator (SMA Trading Indicator) to determine the direction of the trend.

The 1 Hour chart time frame checks the long term direction of the market trend, upward trend or downwards trend, depending on the direction of the MAs. All trades taken should be in this direction.

We then use the 15 minutes price chart to find optimal point which to enter trades. Trades are opened only when price is within 10 or 20 pips range of the 200 simple moving average MA trading indicator, if price is not within this pip range the trades are not opened.

Upward trend/Bullish Market

To generate buy signals using the 20 pips moving average indicator trading strategy, we shall use the 1 hour and 15 min chart time frame.

On the 1H chart time frame the price pair should be above both the 100 and 200 simple moving average MA indicator. We then move to a lower time frame, the 15 minutes trading time frame to generate a signal.

On 15 min chart time frame, when price reaches the 20 pips range above the 200 simple moving average MA indicator, we open a buy trade and place a stop loss 20 pips below the 200 simple moving average MA indicator. Stop loss can be adjusted to the amount of Pips that are suitable for your style method but to avoid being stopped out by normal Gold volatility its best to use 20 pips stop loss order.

A buy trade can also be opened when price touches the 100 Simple moving average indicator, provided it's not set very far from the 200 Simple Moving Average Line. Normally the 100 period simple moving average indicator will be within the 20 pips range of the 200 period simple Moving Average indicator.

20 Pips Challenge XAUUSD - 20 Pips in Strategy - 20 Pips a Day Strategy /p>

The 20 Pip Challenge Spreadsheet - 20 Pips a Day Strategy

100 & 200 Simple Moving Average Indicator Buy Trade Signal

XAUUSD Downward trend/Bearish Market

To generate sell trading signals using the 20 pips moving average indicator trading strategy, we shall also use the 1hour and 15 min chart time frame.

On the 1H chart time frame, the price should be below both the 100 and 200 simple moving average MA indicator. We then move to the 15 minute chart timeframe to generate a trading Signal.

On 15 min chart, when price reaches the 20 pips range below the 200 simple moving average MA indicator, we open a sell xauusd trade & place a stop loss 20 pips above the 200 simple Moving Average indicator.

20 Pips Per Day Strategy - 20 Pips a Day Compounding Strategy

20 Pip Challenge Gold - XAUUSD 20 Pips a Day Strategy

100 and 200 simple moving average MA Indicator Sell Trading Signal

With this strategy method price will in general bounce of these zones because many traders watch these zones, & open similar trades at around the same point.

These levels act as shortterm resistance or support levels within the price charts.

Gold profit taking level for This Strategy

With this strategy the price will bounce & make a move in direction of the original trend. This move will vary from 50 to 80 pips.

The best profit taking level would therefore be considered to be 50 - 60 pips from the 200 simple MA indicator.

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