113 # Win Gold Trading System

Trend Momentum Strategy

Intraday Trading for Gold, Nasdaq 100, Cac 40, Oil, GBPJPY, GBPUSD

Submit by Dimitri

Strategy Overview:

This strategy combines the EMA (Exponential Moving Average) 34 High and Low with the %Williams Range 115 on the close to identify potential entry and exit points for trading gold intraday.

Setup Strategy

Time frames

3-5-15 minutes.

Currency pairs: Gold, Nasdaq 100, Oil, GBPJPY, GBPJPY

 

Win Gold Trading System
Win Gold Trading System

Indicators:

EMA 34 High and Low: These indicators help identify the short-term trend direction and potential support and resistance levels.

CCI Woody (periods, 170) identify the long-term trend

%Williams Range 115 (W%R): This oscillator measures overbought and oversold conditions. But in this case it is used as a trend indicator.

Trading Rules

 

Long Entry: CCIWoddy green bar and if the price is greater than -25 and crosses above the EMA 34 High.

Win Gold Trading System
Win Gold Trading System

Short Entry: CCIWoddy red bar and if the price is less than 75 and crosses below the EMA 34 Low.

Win Gold Trading System
Win Gold Trading System

Exit Rules

Stop Loss: Place a stop loss below the recent swing low for long positions and above the recent swing high for short positions. As an alternative to the fixed stop loss you can use the trailing stop.

Take profit when the price reaches a predetermined target level based on previous swing highs or lows.

Risk Management

Risk no more than a certain percentage of your trading capital on each trade :1%.

 

Adjust position sizes based on the distance to the stop loss to ensure each trade has a consistent risk-reward ratio.

Win Gold Trading System
Win Gold Trading System
Win Gold Trading System
Win Gold Trading System
Win Gold Trading System
Win Gold Trading System
Win Gold Trading System
Win Gold Trading System
winGolds.rar
compressed file archive 32.2 KB
The Red Tram Trading system
RedTram_eng.zip
Compressed Archive in ZIP Format 3.0 KB

Write a comment

Comments: 1
  • #1

    Giovanni (Tuesday, 25 June 2024 19:13)

    User-Friendly
    "What I love about this strategy is how user-friendly it is. The clear signals and straightforward setup make it accessible even for those new to forex trading. Great job!"