1 H XAUUSD Chart Trading Strategies
1 Hour XAUUSD Indicators
An example of 1 Hour Gold Simple System - that is a combination of:
- Moving Average Crossover Gold Strategy
- RSI Gold Technical Indicator
- MACD Gold Technical Indicator
1 Hour Example Gold Trading Strategy Rules are:
1 H chart Gold Trading Strategy - 1 H XAUUSD Chart Trading Strategies - 1 Hour Example Gold Trading Strategy - 1 Hour Time Frame Gold Strategy
Gold Trading Rules: 1 Hour Time Frame Strategy - 1 Hour Gold Indicators
Buy Gold Signal is Generated when: - 1 Hour Gold Indicators
- Both moving averages moving up
- RSI is above 50
- MACD above center line
Sell Gold Signal is Generated when: - 1 Hour Gold Indicators
- Both moving averages moving down
- RSI is below 50
- MACD below center line
1 Hour Time Frame Strategy - 1 Hour Gold Indicators
Exit Gold Signal - 1 H chart Gold Trading Strategy
Exit gold signal is generated when Moving Averages, RSI and MACD gold indicators give a xauusd trade signal in the opposite trade direction.
The gold chart time frame to use is 1 Hour xauusd trading chart time frame.
For a beginner trader wanting to come up with a 1 H chart Gold Trading Strategy the above written gold trading rules will give a good example template of a 1 H chart Gold Trading Strategy that can be used to generate buy and sell signals - 1 H XAUUSD Chart Trading Strategies - 1 Hour Example Gold Trading Strategy - H1 Timeframe XAUUSD Strategy - 1 Hour Gold Simple System.
1 H chart Gold Trading Strategy - 1 H XAUUSD Chart Trading Strategies - 1 Hour Example Gold Trading Strategy
Generating Gold Trading Signals with this 1 Hour xauusd trading system is the best method that a gold beginner can attempt to determine the gold market trend and with a little back testing on demo practice xauusd trading account so as to test this 1 Hour Gold Trading System
The best way to back test a xauusd trading strategy is by following these two steps:
- Gold Paper Trade your 1 Hour Gold Simple System
- XAUUSD Demo Trade your 1 Hour Gold Simple System
A good gold trading tool to use to back test your 1 Hour Gold Simple System is known as the MetaTrader 4 Gold Trading Step by Step Tool. Found on the MetaTrader 4 charts toolbar of MetaTrader 4 platform, If you want to find the chart toolbar on the MetaTrader 4 platform it is at the top of the MetaTrader 4 platform. If it is not: Click View (next to file, top left corner of MetaTrader 4)>>> Toolbar >>> Charts. Then click the Customize button >>> 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 Beginners
MetaTrader 4 Gold Trading Step by Step Button for 1 H chart Gold Trading Strategy - 1 H chart Gold Trading Strategy - 1 H XAUUSD Chart Trading Strategies
Once you get this MetaTrader 4 gold tool you can move your 1 Hour gold chart backwards, and use this MetaTrader 4 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 write down the amount of profit or loss per gold trade transactions made using the 1 H XAUUSD Chart Trading Strategies and 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 Gold Trading Strategy.
If your 1 Hour gold trading strategy is profitable on the paper then, it's time to demo gold trade and test if the 1 H chart Gold Trading 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 Trading Journal to keep track of profitable gold trades, and determine why these xauusd trades were profitable. And also keep a record of all losing gold trades, determine why these xauusd 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 and use gold money management guidelines and read the topic about: Risk : Reward Ratio - 1 H chart Gold Trading Strategy - 1 H XAUUSD Chart Trading Strategies - 1 Hour Example Gold Trading Strategy.
1 H chart Gold Trading Strategy - 1 H XAUUSD Chart Trading Strategies - 1 Hour Example Gold Trading Strategy
