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