Commodity Trading Program

One of the main commodity trading part of a commodity trading plan is your commodity trading program. A commodity trading plan is the commodity trading tool which a trader will use to determine & plan all aspects of their trading. A commodity trading plan will have a written commodity trading system that a trader follows & the commodity trading journal rules trading rules among others.

Within this commodity trading plan a commodity trading plan will also write down the commodity trading program which a trader will follow while trading the commodities trading markets.

Here is the commodity trading program that you can follow form this commodity trading plan

TIMEFRAMES

• Main time frame for trading is the 1Hour.
• Commodity Signals are generated on the 1Hour time-frame.
• Commodity Trade Signals generated should be supported by 4Hour timeframe.

4H

• Commodity Trading Trend-Lines (Support and Resistance)
• 5 & 7 Simple Moving Averages
• MACD (12, 26, 9)
• RSI (14) +Support & Resistance
• Parabolic SAR

1H

• Commodity Trading Trend-Lines (Support and Resistance)
• 5 & 7 Simple Moving Averages
• Stochastic Oscillator (14, 4, 7)
• RSI (14) +Support & Resistance
• Bollinger Bands (20, 2)
• Parabolic SAR

RULES

LONG ENTRY

1H

1. Both MAs are heading Upward
2. Both Stochastics are moving Upward
3. RSI above 50
4. Parabolic SAR is below the commodity price (Support)

4H

1. Both MAs are heading Upward
2. Both Stochastics are moving Upward
3. RSI >->50

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

1H

1. Both MAs are heading Downward
2. Both Stochastics are moving Downwards
3. RSI below 50
4. Parabolic SAR is above the commodity price (Support)

4H

1. Both MAs are moving DOWN
2. Both Stochastics are moving DOWN
3. RSI below 50

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)

TRADE ROUTINE

1. Commodity Trading Signals are generated using 1 Hour time-frame.
2. Commodity Trading Signal to be executed immediately rules are met.
3. Entry commodity trading alert trading signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - Commodity TRADING HOURS

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

The best commodity trading hours when markets overlap that will form the best commodity trading times are between 8:00 GMT and 18:00 GMT when most of the major commodity trading sessions overlap. Commodity Market Hours and Best Commodities Hours

commodity trading program - best commodity hours