Example Templates
When creating your own metals system, there are a few things to keep in mind. Your metals trading strategy needs to be able to identify new Metals market trends, while at the same time making sure you do not to get faked out/whipsaws. The real trick is, once you have created a metals trading system that works for you, stick to it. Being disciplined will help you a lot in becoming successful in metal trading.
Before trading Metals Trading on a live metals trading account, you have to figure out what metals strategy works for you. It is good to know in what chart time-frame you are going to be working in, & how much you're willing to risk once you begin metals trading online. All these factors should be factored in, and should be written down within your metals trading plan. A good place to test this metals trading plan would be on a free practice trading account. This is where you test your strategies risk-free without investing money to determine which strategy is best suited for you.
So, now how can a trader like you create a "good metals trading system" or the "best metals trading system"?
To come up with a good trading strategy the first thing to do is to define your main aim or goal:
The following examples illustrates a goal & explains the metals rules of how to achieve that goal
Trading System Goals
1.Identify a new metals trend
Moving average crossover method metals trading strategy is most commonly used strategy to identify a new metal trend. Time to open a long or short trade is decided when two moving averages indicators cross over or cross under each other.
2.Confirm the new metals trend
RSI(RSI) Indicator and Stochastic Oscillator Indicator are the most commonly used technical indicators to confirm a Metals trend.
Indicator based Trading System
The best type of a metals trading method is one that is indicator-based. You will find it straight forward to generate the metals signals & thus less error-prone on your part and this will help you to avoid market whipsaws.
There are several things we want to achieve when creating a Metal trading system:
- Find entry points as early as possible.
- Find exit points securing maximum gains.
- Avoid fake entry & exit signals.
- Proper Metals Trading Money Management Rules
Accomplishing these 4 goals will result in a profitable metals trading strategy that works.
The last piece of information needed, is deciding how aggressive you are going to be when entering and exiting a trade. Those traders who are more aggressive wouldn't wait until the metals chart candle closes and would enter as soon as their technical indicators match up. But most traders would wait until the metals chart candle of the chart timeframe they are using has closed, to have more stability when entering a the metals trading market.
To get profits out of the metal market you need to build your own profitable trading system: a method that will generate profitable metal signals. You need to have your own strategy that will help you achieve your financial goals. Sometimes the best trading systems are the ones that you build on your own. No need to keep searching online for best metals trading systems or for metals trading systems that work, this site provides you with all the metals trading tools required to help you & tutorial you on how to come up with your own metals trading systems.
Below is an example of a Metals trade system based on RSI, MACD & Stochastic.
Metals System - Best MetaTrader 4 Templates Example Systems
The trading system example above is comprised of four metals indicators in total, all of these generate Metals trade signals using different methods, the moving average will generate metal signals using the moving average crossover method shown, the RSI indicator, Stochastic indicator and MACD indicator use different technical analysis to generate the long and short signals as shown in the above example. How to generate these Metals signals is discussed in the next topic (on the sidebar navigation learn tutorials menu under key concepts).
For beginner traders, it is difficult for them to create their own metals trading strategies since they do not have a lot of knowledge about the metal market. However, this learn metals trading site will explain how a beginner metals trader can create their own free metals trading system in just seven easy steps. Best strategy is one you create yourself and learn how to trade the metal market with it.
The main advantage of creating your own free metals trading systems is that you will know how to make profits by yourself - & not rely on other peoples efforts.
In the next lesson located at sidebar navigation learn lessons menu below the metals trading key concepts will show you how to create a metals trading system like the one above, write it's metals trading rules and how to back-test the system on a practice practice metal trading account before using it on a live metal trading account.
Best MT4 Examples Trading Systems
Strategy
The moving average indicator cross over method uses two moving averages to generate Metals signals. First Moving average uses a shorter period and the second is a longer period.
Moving Average Crossover Technique - Moving Average Crossover Strategy
This above trading method is referred to as the moving average crossover method because metal trading signals are generated when two averages cross above or below each other.
Metals Trading System Trading Example Template - Short and Long signal Generated by Trading System
A buy metals signal or going long trade is generated when shorter moving average indicator crosses above longer moving average indicator (Both Moving Averages Moving Up).
A sell metals signal or a going short trade is generated when shorter average indicator crosses below longer moving average indicator (Both Moving Averages Moving Down).
Best MetaTrader 4 Templates Example Systems
Stochastic Oscillator technical indicator can be combined with other indicators to form a trading system.
- RSI technical indicator
- MACD technical indicator
- Moving Averages metals technical indicators
Trading Systems Example - Best MetaTrader 4 Templates Example Systems
Short Signal or Sell Trading Signal
How the short sell Metals trading signal was generated
From our metals rules the short trading signal is generated when:
- Both Moving Averages are heading down
- RSI is below 50
- Stochastic moving downward
- MACD moving downwards below centerline
Short trading signal was generated when all the written metals rules were met. Exit signal is generated when a metals signal in opposite direction is generated.
The good thing about using such a trading method is that we are using different types of metals indicators to confirm the metals signals and avoid as many metals whip-saws as possible in process.
- Stochastic - metals momentum oscillator indicator
- RSI - metals momentum oscillator indicator
- Moving Averages Metals TradingTechnical Indicator - metals trend following indicator
- MACD - metals trend following oscillator
Based on the chart time frame used - this strategy can be used as Metals scalping system when the minute metal charts are used or as a Metals day metals system when hourly metal charts are used.
Example 3: Trading System Metals Example
This trading system is fully explained within the metals trading plan on the metals trading plan lesson on this learn metals site under the key concepts section located on the right navigation menu.
Chart Timeframe
1H metals chart
Indicators that identify a new metals trend
Moving Average Crossover Technical Indicators Strategy
Indicators which confirm the metals trend
RSI indicator
STOCHASTIC OSCILLATOR indicator
Long Entry - Buy Signal
1. Both MA(moving averages) pointing up
2. RSI above 50
3. Both stochastics going up
Short Entry - Sell Signal
1. Both Moving Average pointing down
2. RSI below 50
3. Both stochastics going down
Exit Signal
1. Moving Average Technical Indicator gives opposite signal
2. RSI gives opposite signal
Risk Management in Metal Trading
Stop loss- 35 pips
Take Profit Metals Order - 70 pips
Reward to Risk 2:1
Best MT4 Examples Trading Systems
The Gann Swing Oscillator is meant to be used in combination with the Gann HiLo Activator and Gann Trend to form a complete strategy commonly referred to as the - 'New Gann Swing Chartist Plan'. Within this methodology the Gann Swing Oscillator is used to help determine metals market swings for trading only within the current market metals trend is illustrated by the Gann Trend.
Below is example of New Gann Swing Chartist Plan
The Gann Chartist Plan - MT4 Template Trading System
