Simple Xtrade Trading Strategy for (GOLD-XAUUSD)

Strategy Overview:

The Simple Xtrade Trading Strategy leverages three different timeframes to determine trend direction, buy/sell positions, and entry points. This multi-timeframe approach provides a robust framework for making trading decisions.

Detailed Strategy Breakdown:

4-Hour Timeframe: Trend Direction

Signal: The signal that appears between 10am-2pm Philippine Time indicates the trend for the day.

15-Minute Timeframe: Buy/Sell Position

Buy Position: When the 4-hour timeframe trend signal is Buy, wait for the Simple Xtrade SR indicator to touch the Oversold level. Then look to the 2-minute timeframe for entry.

Sell Position: When the 4-hour timeframe trend signal is Sell, wait for the Simple Xtrade SR indicator to touch the Overbought level. Then look to the 2-minute timeframe for entry.

2-Minute Timeframe: Entry Point

Buy Entry: When both the 4-hour and 15-minute Buy conditions are met, wait for the Buy signal on the 2-minute timeframe before placing your entry (after the Buy signal candle closes).

• Target Profit (TP): 200-300 pips
• Stop Loss (SL): 100 pips
• Break Even (BE): Move to BE when 100 pips is reached.

Sell Entry: When both the 4-hour and 15-minute Sell conditions are met, wait for the Sell signal on the 2-minute timeframe before placing your entry (after the Buy signal candle closes).

• Target Profit (TP): 200 pips
• Stop Loss (SL): 100 pips
• Break Even (BE): Move to BE when 100 pips is reached.