Metal 20 Pips Metals Price Range Moving Average Strategy

20 Metal Trading Pips Metal Price Range Moving Average Metal Trading Strategies

The 20 pips metals price range moving average metals trading strategy is used with the 1 Hour metals chart and 15 minute metal chart. On this metal chart timeframes we use the 100 and 200 simple moving average metals technical indicator.

Both the 1 Hour and 15 minute metal chart timeframes will use the 100 and 200 Simple Moving Average (SMA Indicator) to determine the direction of the Metals trend.

The 1 Hour metal chart time-frame checks the long term direction of the Metals trend, upward or downward trend, depending on the direction of the moving averages. All metal trades taken should be in this metals trend direction.

We then use the 15 min metals chart to find the optimal point to enter metal trades. Metals trades are opened only when the metals price is within 20 pips range of the 200 simple MA, if metals price is not within this pip range metal trades are not opened.

Metal Uptrend/Bullish Market

To generate buy (bullish metals trading signals) using the 20 pips moving average Metals strategy, we shall use the 1hour and 15 minute metal chart time frame.

On the 1 hour metal chart timeframe the metals price of the metals chart should be above both the 100 and 200 simple moving average. We then move to a lower metal chart timeframe, the 15 min chart timeframe to generate a metals trade signal.

On 15 minute metal chart timeframe, when metals price reaches the 20 pips range above the 200 Simple Moving Average, we open a buy metals trade and place a stop loss 30 pips below the 200 Simple Moving Average. Stop loss can be adjusted to the amount of Pips that are suitable for your risk but to avoid being stopped out by normal Metals volatility its best to use 30 pips stop loss.

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

100 and 200 Simple Moving Average Buy Trading Signal - Moving Average Metals Strategy

Metals Downtrend/Bearish Market

To generate sell (short metals trading signals) using the 20 pips moving average Metals strategy, we shall also use the 1 hour metal chart timeframe and 15 minute metal chart time frame.

On the 1 hour metal chart timeframe, the metals price should be below both the 100 and 200 Simple Moving Average. We then move to the 15 minute metal chart timeframe to generate a metals trading Signal.

On 15 minute metal chart, when metals price reaches the 20 pips range below the 200 Simple Moving Average, we open a sell metals trade and place a stop loss 30 pips above the 200 simple moving average.

100 and 200 Simple Moving Average Sell Metals Trading Signal - Moving Average Strategy

With this metals trading strategy method metals price will generally bounce of these support and resistance levels because many metals traders watch these levels, and open similar metal trades at around the same point.

These support & resistance levels act as short term resistance or support levels within the metals price charts.

Profit Taking level For This Strategy

With this metals trading strategy the metals price will bounce & make a move in the direction of the original Metals trend. This move will range from 60 - 70 pips.

The best metals trading profit taking level would therefore be considered to be 60 to 70 pips from the 200 SMA.