1 Hour Swing Trading System Rules: Gold Trading Rules of Swing Trading 1 Hour chart Time Frame
To create a 1 Hour Swing Trading System that generates the gold trading signals on the Hour Chart shown below - Swing Trading 1 Hour chart - Swing Trading Using the 1 H chart. We shall use 1 H gold chart to write the rules of this gold system - 1 H Swing Trading System.
This 1 Hour Swing Trading System refers to a set of written xauusd rules that you as a gold swing trader follows to manage your trades on the 1 H Gold Charts. These gold system rules must be written down so as to tutorial you. This learn gold trading system course will explain how to write-down the rules of your trading system.
Keyword is a SET OF RULES which you must follow when trading. If you don't follow the gold rules of your trading system then you do not have a Gold Trading System. Gold systems must have rules which are written down within your gold trading plan.
Examples of 1 Hour Swing Trading System below:
Writing Gold Rules of a 1 Hour Swing System - Swing Trading 1 Hour chart - Swing Trading Using 1 H chart
You can come up with above 1 Hour Swing Trading System using the steps below:
Step 1:Step 2:Choose Your Gold Chart Timeframe - 1 H Gold Chart
Step 3:Choose XAUUSD Technical Indicators that Identify a New Gold Trend - Moving Average Crossover Gold System.
Step 4:Choose XAUUSD Indicators that Confirm the Gold Trend - RSI Technical Indicator, Stochastic Indicator
Step 5:Define Entry & Exit Points
Buy Gold Signal
- Both Moving Average technical indicators pointing up
- RSI indicator above 50
- Stochastic oscillator technical indicator heading upwards
Sell XAUUSD Signal
- Both Moving Average technical indicators pointing down
- RSI technical indicator below 50
- Stochastic oscillator technical indicator heading downwards
Exit Trading Signal
- Moving Average technical indicators gives opposite signal
- RSI technical indicator gives opposite signal
Step 6:Calculating risks in each trade - Choose the number of Pips to set for the stop loss order for your open gold trades
Step 7:
Test the 1 H Swing System on a xauusd trading practice trading account
After using these xauusd trading step by step course you can come up with the written 1 Hour Swing System Rules as illustrated below.
Writing 1 H Swing System Gold Rules
Examples of How to Write the Best 1 Hour Swing Trading System Rules
This 1 H Swing Trading System produces the gold signals as shown below. Using these xauusd trading system rules - traders can determine when to enter and exit trades.
1 Hour Swing System - 1 Hour chart Trend Following System - H1 Candle Breakout Gold Trading System
We have completed writing the gold rules, if you are researching on how to create the best 1 Hour Gold system - this learn gold trading system guide - you can also include the 1 Hour Swing Trading System Rules in your Gold Trading Plan.
1 Hour Swing System - 1 Hour chart Trend Following System - 1 Hour Candle Breakout Gold Trading System