Written Example Commodity Trading Plan Template

trading plan checklist - the following is a template examples of a commodity trading plan template example:

JUSTIFICATION

1. Commodity Trading IS A BUSINESS, SUCCESSFUL BUSINESSES ALWAYS HAVE PLANS

• Businesses that are successful always begin with a plan.
• Successful business planning will guide you to success, think of commodity trade plan as a map: it is a constant reminder of how you'll consistently pull profits from the commodities trading market.
• Difference between a successful trader & a losing commodity trading one is the commodity trade plan.

2. TO KEEP ME IN THE RIGHT DIRECTION when Trading Commodities

Consistency is important in your routine to measure how successful you're.

Keep you on target, read the commodity trade plan every day and stick to its rules.

When it comes to your plan you should think of it as a map that shows you this is what you follow, it should have clear rules which specify when you open or close a trade.

Your commodity trading plan should cover all aspects of commodity trading, you should read the commodity trading plan every day until it is on your fingertips so that when you are transacting on the fast moving market of commodity trading you'll always know what to do in every situation.

Your commodity trading plan can be as simple or as complicated as you like, but the most important thing is that you've one. By having a one you have an advantage over the commodities trading market, you will have better odds of making a profit than those who do not have one.

This commodity trading plan checklist tutorial topic provides with an example commodity trading plan template which you can use for creating your own commodity trade. By now you've already written down the justification part of your commodity trading plan template, If not get a pen and paper & write the justification part. Next we shall look at how to write the system.

Commodity Trading plan is one of the secrets which can help you to improve your profits. A good commodity trading training guide like this one should show you how to come up with one using a commodity trading plan template which you can use as an example to develop your own commodity trade plan.

One of the most commonly asked question is, Is Commodity Trading profitable? one of the techniques to make it profitable is to have a good plan.

IF YOU HAVE A GOOD Commodity Trading PLAN AND YOU ARE DISCIPLINED ENOUGH TO STICK TO IT When Commodity Trading, YOU WILL BE SUCCESSFUL.

GOALS OF THE TRADING SYSTEM

1. Ability to IDENTIFY TREND AS EARLY AS POSSIBLE .
2. Ability to AVOID WHIPSAWS .

The commodity trade system should find a compromise between the 2 Goals,

Find a way to identify a commodity trend as early as possible but also find ways to help you distinguish the fake trading signals from the real ones.

FUNCTIONS OF EACH INDICATOR

MA - Identify a new commodity trend as early as possible.

MACD - Identify a commodity trend as early as possible.

Determine strength of a continuing trend.

RSI - Swing failure to confirm the begin of a new commodities trend.

Extra confirmation tools to help determine the strength of our commodities trend.

Parabolic SAR - Help to ensure that we are not caught up on the wrong side of the trend.

Commodity Trading Trend-Lines - Signals a reversal when the line is broken

Commodity Trading Price Action Signals - confirm the weakening of a trend.

Bollinger Band - for commodity price action study

To know more about each indicator & how these technical indicators can be used to generate trading signal setups you can go to Commodities Trading Indicators Section

TRADING CHART TIME FRAMES

• Main timeframe is the 1H.
• Signals are generated on 15 minutes time frame.

15 Minute Charts

• Commodity Trading Trend-Lines (Support & Resistance)
• 5 & 7 LWMA
• RSI (14)
• Bollinger Bands (20, 2)

RULES

LONG ENTRY

Entry

15 Minute Charts

1. Both MAs are moving UP
2. MACD moving UP
3. RSI >-> 50
4. Parabolic SAR is below the commodity price ( Support )

When signal is generated on the 1 Hour Commodity Trading Chart, use the 15 minute chart time frame to open and close positions.

LONG EXIT

1. RSI gives opposite signal
2. Commodity Trading Price breaks Support Commodity Trading Trend Line
3. Parabolic SAR is hit (Trailing Stop)

RULES

SHORT ENTRY

Entry

15 Minute Charts

1. Both MAs are moving DOWN
2. MACD moving DOWN
3. RSI <-< 50
4. Parabolic SAR is above the commodity price ( Support )

When signal is generated on the 1 H chart, use the 15 minute chart time frame to open and close trade positions.

SHORT EXIT

1. RSI gives opposite signal
2. Commodity Trading Price action breaks Support Commodity Trading Trend Line
3. Parabolic SAR is hit (Trailing Stop)

ROUTINE

1. Signals are generated using 1H commodities trading chart time frame and executed using the 15 minute chart time frame.
2. Trading signal to be executed immediately trading rules are met.
3. Entry alert signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - MARKET HOURS

Watch market during daytime when most companies & online commodity brokers are open for trades. Use this to create a suitable program.

Example Trading Plan Template

Tips - You can use the MetaTrader 4 Commodity Trading Software Platform to save this as a commodity trading template that way you do not have to lay it afresh every time you open a new commodities trading chart. If you want to learn how to save a commodity trading plan template on the MT4 platform, read: MT4 Commodity Trading Platform Tutorials.

Commodities Money Management

• Day trading - Low risk High return method
• Trade when I have a high risk:reward ratio 3:1 or more
• Stop loss = Parabolic SAR

• Set TP target 40-60 Commodity Trading Pips
• Never transact beyond Three % of account equity
• Never risk more than 2% on a single commodity trade transaction

Commodity Trading MINDSET/PSYCHOLOGY

• Trade without Emotions (greed, fear, impulse, bias, anticipation, overexcitement)
• I trade what my eyes see not what I feel.
• I will be patient.

My job is not to be the commodity trading system!

It is not to decide which signal looks promising.

That is the job of my commodity system - that has a set of commodity rules that tells me this is what I follow. Don't get caught up in commodity price action and make trading rules as you go along.

MY JOB DESCRIPTION IS

To sit patiently & wait for my commodity trading strategy to show that it is time to enter or it is time to exit. And then with great focus I execute the commodity trading plan as outlined.

Taking trades not indicated by the commodity trading system, second guessing it and not taking signals given, hesitating and getting in late, anticipating & getting in early are all common place and boil down to lack of faith in the plan and not having a burning focus on accurate execution.

GOAL: To have 100% undivided focus on mastering my ability to execute my Commodity Trading rules accurately.

More you develop the ability to step back from commodity price movement & watch the commodities trading market dispassionately, waiting for a commodity signal, the easier it will be to witness the fluctuations of your emotions without getting sucked into them allowing them to throw you off your game.

WEAKNESS

1. I am greedy.
2. I over-trade
3. Make a list of all your weaknesses that are interfering with your trading. This is first step to help you overcome these weaknesses. Use Commodity Trading psychology to help you overcome them.

NB: by writing down your weaknesses you will start recognizing them as you make progress, once you do this you'll start to avoid this mistakes & your results will improve.

GOALS

• To focus on exit just as much as I do on entry signals.
• Always protect my account using stop loss, commodity money management techniques, follow with the commodity trend direction & always following the trading rules of my commodity trading strategy.
• Never second guess or go against my trading strategy. To always keep up my discipline.
• Follow all the rules of my commodity strategy and never break them.
• Transact fewer times & execute all my signals correctly. Trade what I see, what the system + commodities trading charts are telling me.
• Sit patiently and wait for signals from my strategy.
• Achieve consistent commodity trading results before opening a live commodities trading account.

FOLLOW THIS Commodity Trading SYSTEM

This is the most important part of creating the commodity trading system.

Always follow the trading rules

Stick with the trading rules

Be disciplined & patient enough

Commodity Trading JOURNAL

Log all my trade transactions in a commodity journal so that to track my training progress & improve my commodity trading execution trading methods.

This commodity strategy uses momentum to determine the commodities trend.

Even if you are new to commodity market & you don't know how a commodity trading system looks like, this commodity trading system template example illustrates to you how a commodity strategy should look like, the Commodity Trading tutorials described in other sections of this training web site will also explain further different aspects that you need to learn.

Hence, the objective is to help you create your own complete commodity trading strategy that is if you're looking for one, by showing you one that is already complete. In fact you can just use it as it is, or make a few adjustments so that it suits your commodity trading style.

The aim is to help you improve your commodity trading results by using a commodity trading plan, and another advantage is that this commodity trade plan will offer you a chance to improve your knowledge and it will help you improve your commodity trading results and help you make pips when commodities trading and keep them so that you do not keep giving them back to the commodities trading market.

Read this commodity trading plan training lesson about developing a commodity trade plan of your own, along with learn commodity trading tutorials & commodity trading strategies listed at top of this learn commodity lesson web-site.

The Most Beneficial part of using this commodity trading plan template is the "Commodity Trading Money Management Part" you will learn how to trade commodity and minimize risk, which is the most important thing when it comes to trading the commodities trading market.

Commodity Trading Plan Checklist - How to Develop a Trading Plan in Commodities Trading - Commodity Trading Plan Examples - Commodity Trading Plan Doc