Simple Xtrade Trading Strategy for (GOLD-XAUUSD)
Strategy Overview:
The Simple Xtrade Trading Strategy leverages three different timeframes to determine trend direction, buy/sell positions, and entry points. This multi-timeframe approach provides a robust framework for making trading decisions.
Detailed Strategy Breakdown:
4-Hour Timeframe: Trend Direction
Signal: The signal that appears between 10am-2pm Philippine Time indicates the trend for the day.
15-Minute Timeframe: Buy/Sell Position
Buy Position: When the 4-hour timeframe trend signal is Buy, wait for the Simple Xtrade SR indicator to touch the Oversold level. Then look to the 2-minute timeframe for entry.
Sell Position: When the 4-hour timeframe trend signal is Sell, wait for the Simple Xtrade SR indicator to touch the Overbought level. Then look to the 2-minute timeframe for entry.
2-Minute Timeframe: Entry Point
Buy Entry: When both the 4-hour and 15-minute Buy conditions are met, wait for the Buy signal on the 2-minute timeframe before placing your entry (after the Buy signal candle closes).
• Target Profit (TP): 200-300 pips
• Stop Loss (SL): 100 pips
• Break Even (BE): Move to BE when 100 pips is reached.
Sell Entry: When both the 4-hour and 15-minute Sell conditions are met, wait for the Sell signal on the 2-minute timeframe before placing your entry (after the Buy signal candle closes).
• Target Profit (TP): 200 pips
• Stop Loss (SL): 100 pips
• Break Even (BE): Move to BE when 100 pips is reached.
The Simple Xtrade Trading Strategy leverages three different timeframes to determine trend direction, buy/sell positions, and entry points. This multi-timeframe approach provides a robust framework for making trading decisions.
Detailed Strategy Breakdown:
4-Hour Timeframe: Trend Direction
Signal: The signal that appears between 10am-2pm Philippine Time indicates the trend for the day.
15-Minute Timeframe: Buy/Sell Position
Buy Position: When the 4-hour timeframe trend signal is Buy, wait for the Simple Xtrade SR indicator to touch the Oversold level. Then look to the 2-minute timeframe for entry.
Sell Position: When the 4-hour timeframe trend signal is Sell, wait for the Simple Xtrade SR indicator to touch the Overbought level. Then look to the 2-minute timeframe for entry.
2-Minute Timeframe: Entry Point
Buy Entry: When both the 4-hour and 15-minute Buy conditions are met, wait for the Buy signal on the 2-minute timeframe before placing your entry (after the Buy signal candle closes).
• Target Profit (TP): 200-300 pips
• Stop Loss (SL): 100 pips
• Break Even (BE): Move to BE when 100 pips is reached.
Sell Entry: When both the 4-hour and 15-minute Sell conditions are met, wait for the Sell signal on the 2-minute timeframe before placing your entry (after the Buy signal candle closes).
• Target Profit (TP): 200 pips
• Stop Loss (SL): 100 pips
• Break Even (BE): Move to BE when 100 pips is reached.
Disclaimer
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