Metals System Rules: Write Down The Rules & Follow Them

We shall use the previous steps to come up with a written metals trading system that generates the trade signals shown below using the 1 hour chart. We shall use the 1H metals chart to write the rules of this metals trading strategy - metal trading system.

A metals system refers to a set of written metals rules that you follow to manage your trades. These rules must be written down so as to tutorial you. The following tutorial will show you how to write-down the rules of your trading system.

The keyword is a SET OF RULES which you must follow. If you don't follow the rules then you don't have a metal trading system. Trading systems must have rules which are written down within your metals trading plan.

Example of Metal Trading System below:

Writing Rules of a Metals Trading System- 1 hour Metals Chart Time frame Trading

You can come up with the above metals system using the steps below:

Choose your Chart Timeframe - 1H metals chart

Choose Technical Indicators which identify a new trend - Moving Average Crossover System.

Select Indicators which confirm the metals trend - RSI, Stochastic

Finding entry & exit points

Long Entry

1. Both Moving Average pointing up
2. RSI above 50
3. Stochastic oscillator going up

Short Entry

1. Both Moving Average pointing down
2. RSI below 50
3. Stochastic oscillator going down

Exit

1. MA gives opposite signal
2. RSI gives opposite signal

Calculating risks in each trade - 20 pips

Write down the metals trade system Metals rules

Test the system on a metal practice trading account

After using these steps we come up with the written metals system rules below.

Writing Metals Trading System Metals Trading Rules

Examples of How to Write The Best Metals Trading System Rules

This trading system produces the signals as shown below. Using these rules traders can determine when to enter and exit trades.

Generate Buy & Sell Metals Trading Signals using Written System Rules

We have completed writing the rules, if you are researching on how to create the best metals system, this tutorial is a good start to guide you on how to do just that. This is one part of a the metals trading plan. Now how do you create a complete metals trading plan? To read about Metals plan tutorial go to the right navigation menu of this website under key concepts where you can find a link for this Metals trade plan topic.