15 Min Chart Strategies
15 Minutes Indicators
An exemplification of 15 Minutes Simple Trading Strategy - that is a combination of:
- MA Cross-Over Strategy
- RSI Indicator
- MACD
15 Minute Example Method Rules are:
15 Min Chart Strategy - 15 Minutes Examples Strategy - 15 Minutes Time-frame Strategy
Gold Trading Rules: 15 Min Indicators
Buy Signal is Generated when: - 15 Min Indicators
- Both moving averages MAs heading up
- RSI is above 50
- MACD above center line
Sell Signal is Generated when: - 15 Min Indicators
- Both moving averages MAs moving down
- RSI is below 50
- MACD below centerline
15 Min Indicators
Exit Trade Signal - 15 Min Chart Method
Exit signal is derived and generated when Moving Averages, RSI and MACD indicators give a signal in the opposite trend trade direction.
The chart timeframe to use is 15 Min chart timeframe.
For a beginner trader who wants to come up with a 15 Min Chart Method the above written rules will give a good example template of a 15 Min Chart Strategy that can be used to generate buy & sell signals - 15 Min Example Strategy - 15 Minutes Time-frame Strategy - 15 Min Gold Simple System.
15 Minutes Chart Strategy - 15 Min Chart Strategies - 15 Minute Example Strategy
Generating Signals with this 15 Min system is the best technique that a beginner trader can attempt to determine the price trend & with a little back-testing in practice demo account so as to test this 15 Minute Trade Strategy
The best way to back test a trading strategy is by following these two steps:
- Gold Paper Trade your 15 Minutes Simple Trading Strategy
- Gold Demo Trade your 15 Minutes Simple Trading Strategy
A good tool to use to backtest your 15 Min Gold Simple Trading Strategy is known as the Meta Trader 4 Gold Trading Step-by-Step Tool. Found in MT4 charts toolbar of MT4 platform, If you want to find the chart toolbar on MetaTrader 4 it is at the top of MT4 platform software. If it's not: Click View (next to file, top-left corner of MT4)>>> Tool Bar >>> Charts. Then click the Customize button key >>> Choose Gold Trading Step-by-Step >>> Press on Insert >>> Close.
Meta Trader 4 15 Min Chart ToolBars - How to Trade 15 Min Chart for Beginners
Meta Trader 4 Gold Step by Step Button for 15 Min Chart Strategy - 15 Min Chart Method
Once you get this MT4 tool you can move your 15 Minutes chart backwards, & use this MT4 trading step by step button to move the 15 Min chart step-by-step while at the same time testing when your 15 Min gold simple system would have derived/generated either a buy or sell signals, and where you'd have exited the trade positions, then write-down the amount of profit or loss per trade positions made using the 15 Min Chart Strategies and out of a sample number of trades you would then calculate the over-all profits & losses derived and generated by the 15 Min Chart strategy - 15 Min Chart Method.
If your 15 Minute strategy is profitable on paper trading method then, it's time to demo trade & test if the 15 Minutes Chart Strategy is profitable on live market as it's on paper method. This is the process of back-testing 15 Minutes Chart Trading Strategy.
Maintain a Journal to keep track of profitable trade positions, and determine why these trade transactions were profitable. And also maintain a record of all losing trades, determine why these trade positions made a loss & then avoid making the same mistakes the next time you trade using your 15 Min Chart Trading Strategies.
Tweak your system until you get a good risk reward ratio, with the trading signals which you generate. Aim for a good risk: reward of 3:1 and use xauusd equity management guidelines and study the guide about: Risk to Reward Ratio - 15 Min Chart Strategy - 15 Minutes Examples Strategy.
15 Min Chart Strategy - 15 Min Chart Strategies - 15 Minute Example Strategy
XAU/USD Equity Management Strategies Lesson Tutorial
More Lessons:
- How to Create a Moving Average XAU/USD System
- Best XAU/USD Course List of XAU USD Analysis Tutorials
- Simple H4 Gold System
- How to Add Bulls Power Gold Indicator on Chart in MT4 Platform
- How Do You Add Gold EA on your MT4 Trading Software?
- How Do You Trade Fib Retracement in MT4 Software/Platform?
- Customizing MT5 XAUUSD Charts Tool Bar Menu Tutorial
- How Do You Do Gold Day Trading with Different XAU USD Chart Time frames?
- Explanation of How to Trade the Reversal Trade Patterns for NoviceBeginner Traders
- Fibonacci Drawing on Gold Charts Exercises
