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