Creating a Energies Trading System That Works
When creating your own energies trading system, there are a few things to keep in mind. Your energies strategy needs to be able to spot new Energies Trading market trends, while at same time making sure you don't to get faked out/whipsaws. The real trick is, once you have created a energies trading system that works for you, stick to it. Being disciplined will help you a lot in becoming successful in energies.
Before trading Energies on a live energies trading account, you have to figure out what energies strategy works for you. It is good to know in what chart timeframe you are going to be working in, and how much you are willing to risk once you start energies online. All these factors should be factored in, and should be written down within your energies trading plan. A good place to test this energies plan would be on a free demo practice account. This is where you test your energies strategies risk free without investing money to determine which strategy is best suited for you.
So, now how can a trader like you come up with a "good energies system" or the "best energies trading system"?
To come up with a good energies strategy the first thing to do is to define your aim or goal:
The following example illustrates a goal and explains the energies rules of how to achieve that goal
Energy Trading Goals
1.Identify a new energies trend
Moving average crossover method energies strategy is the most commonly used strategy to identify a new energies trend. The time to open a long or short trade is determined when two moving averages indicators cross over or cross under each other.
2.Confirm the new energies trend
Relative Strength Index(RSI) Indicator and Stochastic Oscillator Indicator are the most commonly used energies technical indicators to confirm a Energies trend.
Indicator based Trading System
The best type of a energies method is one that is indicator-based. You will find it straight forward to generate the energies signals and 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 system:
- Find entry points as early as possible.
- Find exit points securing maximum gains.
- Avoid fake entry and exit signals.
- Proper Energy Trading Money Management Rules
Accomplishing these 4 goals will result in a profitable energies 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 energies chart candle-stick closes and would enter as soon as their technical indicators match up. But most traders would wait until the energies chart candlestick of the chart timeframe they are using has closed, to have more stability when entering a the energies market.
To get profits out of the energies market you need to build your own profitable energies system: a trading method that will generate profitable energies signals. You need to have your own energies 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 the best trading systems or for energies trading systems that work, this website provides you with all the energies tools required to help you and guide you on how to create your own energies trading systems.
Below is an example of a Energies trade system based on RSI, MACD & Stochastic.
Energies System - Best MT4 Examples Trading Systems
The energies system example above is comprised of four technical indicators in total, all of these generate Energies trade signals using different methods, the moving average will generate energies 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 Energies Trading signals is discussed in next course (on the sidebar navigation study trading tutorials menu under key concepts).
For beginner traders, it is difficult for them to create their own energies trading strategies since they don't have much knowledge about the energies trading market. However, this learn energies website will explain how a beginner trader can create their own free energies trading system in just seven easy steps. The best strategy is one you create yourself and learn how to trade the energies market with it.
The main advantage of creating your own free energies trading systems is that you will know how to make profits by yourself - and not rely on other peoples efforts.
In the next lesson located at the sidebar navigation learn trading courses menu below the energies key concepts will show you how to create a energies system like the one above, write it's energies rules and how to back test the energies system on a practice practice energies account before using it on a live energies trading account.
4 Examples of Free Energies Trading Systems
Example 1: The Moving Average Crossover Method
The moving average indicator cross over method uses two moving averages to generate Energies Trading signals. The first Moving average uses a shorter period and second is a longer period.
Moving Average Crossover Technique - Moving Average Crossover Strategy
This above energies method is referred to as the moving average crossover method because energies signals are generated when the two averages cross above or below each other.
Energies Trading System Template Example - Short & Long trading signal Generated by Trading System
A buy signal or going long trade is generated when the shorter moving average indicator crosses above the longer moving average technical indicator (Both Moving Averages Going Up).
A sell signal or a going short trade is generated when the shorter average indicator crosses below the longer moving average technical indicator (Both Moving Averages Going Down).
Example 2: Stochastics Energy Trading System
Stochastic Oscillator technical indicator can be combined with other indicators to form a energies system.
- RSI indicator
- MACD indicator
- Moving Averages energies indicators
Trading Systems Energies Trading Example - Best MT4 Examples Trading Systems
Short Signal or Sell Trading Signal
How the short sell Energies signal was generated
From our energies rules the short signal is generated when:
- Both Moving Averages are heading down
- RSI is below 50
- Stochastic heading downwards
- MACD heading downwards below center-line
Short signal was generated when all the written energies rules were met. The exit signal is generated when a energies trade signal in the opposite trade direction is generated.
The good thing about using such a energies method is that we are using different types of technical indicators to confirm the energies signals and avoid as many whipsaws as possible in the process.
- Stochastic - energies momentum oscillator indicator
- RSI - energies momentum oscillator indicator
- Moving Averages Energy TradingTrading Indicator - energies trend following indicator
- MACD - energies trend following oscillator
Based on the chart time frame used - this strategy can be used as Energies Trading scalping system when the minute trading charts are used or as a Energies Trading day energies system when hourly charts are used.
Example 3: Trading System Energies Trading Example
This system is fully explained within the energies trading plan on the energies trading plan guide on this learn energies web site under the Energies Trading key concepts section located on right navigation menu.
Chart Timeframe
1 hour chart
Trading Technical Indicators which identify a new energies trend
Moving Average Crossover Technical Indicators Strategy
Indicators that confirm the energies trend
RSI indicator
STOCHASTIC OSCILLATOR technical 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 Energy Trading
Stop Loss - 35 pips
Take Profit Energies Trading Order - 70 pips
Reward to Risk 2:1
Example 4: New Gann Swing Energies Trading Chartist Plan
The Gann Swing Oscillator is meant to be used in combination with the Gann HiLo Activator and Gann Trend to form a complete Energies Trading strategy commonly referred to as the - "New Gann Swing Chartist Plan". Within this methodology the Gann Swing Oscillator is used to help determine energies market swings for trading only within the current market energies trend is shown by the Gann Trend.
Below is example of New Gann Swing Chartist Plan
The Gann Chartist Plan - Energies Systems - MT4 Template Trading System
