can you trade xauusd in the us Gold trading is somewhat different from trading in familiar currency pairs. Typically, XAU and XAG actives are based on CCI (Commodity Channel Index) + EMA, RSI or MACD. This system is distinguished by the use of the following tools:
Simple Moving Averages with the non-standard selection of periods – MA 24 and MA 120 (a classic option, but no one forbids the user to experiment, can you trade xauusd in the us taking 20 and 100, for example).
The relatively short timeframe for this strategy is H1.
Only one active trade at a time can be held with this system.
For the rest, this trading strategy demonstrates conditions similar to other strategies, which are interchangeable and can be combined without compromising the effectiveness of the system:
Fixed stop-loss and take-profit.
It is possible to go to breakeven after the price reaches a certain level.
The deal is opened according to signals formed by the intersection by the price of MA, and their confirmation is the closing of the candle at H1 above or below MA 24 (depends on whether we buy or sell).
To start trading, the trader only needs to open the terminal and set the hourly chart of the asset with two movings.
Signals and conditions for opening and closing BUY deals
Price is above MA 120 and MA 24.
MA 24 passes over MA 120.
The quote briefly breaks down MA 24, but then quickly bounces up, after which a new hourly candlestick opens above the movable.
There are no other open trades with this strategy.
As soon as all of the above conditions coincided at the same time, immediately after the appearance of a new candle over MA 24, can you trade xauusd in the us you need to open a BUY deal with a fixed stop-loss of 50 points and a profit of 200.
Signals and conditions for SELL deals
- Active quotes are traded below MA 24 and MA120.
- MA 24 under MA 120.
- The price of the asset after a short-term upward movement of MA 24 fell again below it,can you trade xauusd in the us a new candle on H1 also opens below MA 24.
- There are no other open deals.
- Otherwise, all actions are performed in the same way as with purchases: as soon as the price went up for MA 24 and then quickly went down again, and a new candle opened already under
- the moving, without wasting time, open a sell order with a stop at 50 and a profit of 200 pips. can you trade xauusd in the us
Conclusion
The efficiency of this system is confirmed by many traders. The Two MA XAUUSD strategy has very good statistics. This allows us to recommend this strategy for application to the active of Gold. Do not forget about risk control and use adequate money management.
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