1 H XAUUSD Chart Trading Strategies
1 Hour XAUUSD Indicators
An example of 1 H Gold Simple System - that's a combination of:
- Moving Average Crossover Gold Strategy
- RSI Technical Indicator
- MACD Technical Indicator
1 H Example Gold Trading Strategy Rules are:
1 H chart Gold Trading Strategy - 1 Hour XAUUSD Chart Strategies - 1 H Example Gold Strategy - 1 Hour Time-Frame Gold Strategy
Gold Trading Rules: 1 Hour Time Frame Strategy - 1 Hour Gold Indicators
Buy Gold Trading Signal is Generated when: - 1 Hour Gold Indicators
- Both moving averages moving up
- RSI is above 50
- MACD above center line
Sell Gold Trading Signal is Generated when: - 1 Hour Gold Indicators
- Both moving averages moving down
- RSI is below 50
- MACD below center line
1 H Time Frame Strategy - 1 Hour Gold Indicators
Exit Gold Signal - 1 H chart Strategy
Exit gold signal is generated when Moving Averages, RSI and MACD indicators give a xauusd trade signal in the opposite trade direction.
The chart time frame to use is 1 Hour xauusd chart time-frame.
For a beginner trader wanting to come up with a 1 H chart Gold Trading Strategy the above written trading rules will give a good example template of a 1 H chart Gold Trading Strategy that can be used to generate buy & sell signals - 1 H XAUUSD Chart Strategies - 1 H Example Gold Strategy - H1 Timeframe XAUUSD Strategy - 1 Hour Gold Simple System.
1 H chart Gold Trading Strategy - 1 Hour XAUUSD Chart Strategies - 1 H Example Strategy
Generating Trading Signals with this 1 Hour xauusd system is the best technique that a beginner can attempt to determine the gold market trend & with a little back-testing on demo practice xauusd trading account so as to test this 1 H Gold Trading System
The best way to back test a xauusd trading strategy is by following these 2 steps:
- Gold Paper Trade your 1 H Gold Simple System
- XAUUSD Demo Trade your 1 H Gold Simple System
A good gold trading tool to use to backtest your 1 Hour Gold Simple System is known as the MetaTrader 4 Gold Trading Step by Step Tool. Found in MetaTrader 4 charts tool bar of MT4 platform, If you want to find the chart tool bar in MT4 platform it is at the top of MT4 platform. If it is not: Click View (next to file, top-left corner of MT4)>>> Toolbar >>> Charts. Then click the Customize button key >>> Select Gold Trading Step by Step >>> Click Insert >>> Close.
MetaTrader 4 1 H XAUUSD Chart Tool Bars - How to Trade 1 H XAUUSD Chart for Beginner Traders
MetaTrader 4 Gold Trading Step by Step Button for 1 H chart Gold Trading Strategy - 1 Hour chart Gold Trading Strategy - 1 Hour XAUUSD Chart Trading Strategies
Once you get this MT4 tool you can move your 1 Hour gold chart backwards, and use this MT4 gold trading step by step button to move the 1 Hour gold chart step by step while at the same time testing when your 1 Hour gold simple system would have generated either a buy or sell signals, and where you would have exited the gold trades, then writedown the amount of profit or loss per gold trade transactions made using the 1 H XAUUSD Chart Strategies & out of a sample number of gold trade transactions you would then calculate the overall profits and losses generated by the 1 H chart gold trading strategy - 1 H chart Strategy.
If your 1 H gold strategy is profitable on paper then, it is time to demo gold trade and test if the 1 H chart Gold Strategy is profitable on the real gold market as it is on paper method. This is the process of back testing the 1 H chart Gold Trading Strategy.
Writing a Gold Trading Journal
Maintain a Gold Journal to keep track of profitable gold trades, & determine why these trades were profitable. And also keep record of all losing trades, determine why these trades made a loss and the avoid making these same mistakes the next time you trade using your 1 H XAUUSD Chart Trading Strategies.
Tweak your gold trading system until you get a good risk: reward ratio, with the gold trading signals that you generate. Aim for a good risk: reward of 3:1 & use gold money management guidelines and read the topic about: Risk : Reward Ratio - 1 H chart Gold Trading Strategy - 1 Hour XAUUSD Chart Strategies - 1 H Example Gold Trading Strategy.
1 H chart Gold Trading Strategy - 1 Hour XAUUSD Chart Strategies - 1 H Example Strategy
