Mastering Gold Trading from MetaTrader Platform PART 2

We have discussed how to install and set up the MetaTrader 4 platform in part one to trade Gold, Now we will go to the strategy proper. (All brokers are trusted brokers which i am affiliated with)

Pair to Trade

• Gold or XAUUSD

TimeFrame

• 15 minutes (for active traders) and 4 hours (for part time traders)

TimeFrame

• Use 0.01 lots per trade per every 200$ in your account. 
• 400$ account will be 0.02 per trade
• 600$ account will be 0.03 per trade etc

See detailed steps on how to obtain this 50$ bonus to test this strategy here

Learn how to place trades on MetaTrader 4 Here

Buy Rules

• You wait for the yellow arrow to pop up
• upward sloping TMA slope (the green and red bands)
• Blue Hma indicator (optional)
• the Arrow must appear below the  middle dotted line between the Bands (green and red lines)

Sell Rules 

• You wait for the purple arrow to pop up
• Downward sloping TMA slope (the green and red bands)
• purple Hma indicator (optional)
• the Arrow must appear above the  middle dotted line between the Bands (green and red lines)

Learn how to set Stop losses and Take profits from the bottom of this article

Exit  (Take profits)

• Use the horizontal blue thick and dotted lines for your take profits or  points by which you will exit the trades

Exit  (Losses)

• Place your stop losses just outside the green line of the band for buy and the red line for sell.

ACCURACY

• Accuracy of the system is 65% to 70%

Open a  PRO ACCOUNT NOW TO START TRADING

OR 

you may also Test your trading skills  CENTS ACCOUNT OR STANDARD ACCOUNT

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I want to Trade Forex and don't know how (How to Trade Forex Beginner Lesson).