4H Gold Example Trading Strategy
4H XAUUSD Indicators
An example of 4H Gold Simple System - that is a combination of:
- Moving Average Crossover Strategy
- RSI Technical Indicator
- MACD Technical Indicator
4H Gold Example Strategy Rules are:
4H XAUUSD Chart Trading Strategy - 4 H XAUUSD Chart Trade Strategies - 4 H Gold Example Trading Strategy - 4 H Gold Timeframe Strategy
Trading Rules: 4H Gold Timeframe Strategy - 4 Hour Gold Indicators - 4 H Gold Simple System
Buy Gold Trade Signal is Generated when: - 4 H Gold Timeframe Strategy - 4 Hour Gold Indicators
- Both moving averages moving up
- RSI is above 50
- MACD above center line
Sell Gold Trade Signal is Generated when: - 4 H Gold Timeframe Strategy - 4 Hour Gold Indicators
- Both moving averages moving down
- RSI is below 50
- MACD below center line
4H Gold Timeframe Strategy - 4 Hour Gold Timeframe Trading - 4H Gold Indicators - 4 H Gold Simple System
Exit Signal - 4 H XAUUSD Chart Trading Strategy
Exit trading signal is generated when Moving Averages, RSI and MACD technical indicators give a signal in the opposite direction.
The chart time frame to use is 4H Gold chart time frame.
For a beginner trader wanting to come up with a 4 H XAUUSD Chart Trading Strategy the above written trading rules will give a good examples template of a 4 H XAUUSD Chart Trading Strategy that can be used to generate buy & sell trading signals - 4H XAUUSD Chart Trade Strategies - 4 H Gold Example Trading Strategy - 4 H Gold Timeframe Strategy - 4 Hour Gold Timeframe Trading - 4H Gold Simple System.
4H XAUUSD Chart Trading Strategy - 4 H Gold Example Trading Strategy
Generating Trading Signals with this 4H xauusd trading system is the best technique that a trading beginner trader can attempt to determine the xauusd market trend & with a little back testing on practice trading account so as to test this 4H Gold Trading System
The best way to backtest a strategy is by following these 2 steps:
- Paper Trade your 4H Gold Simple System
- Demo Trade your 4H Gold Simple System
A good trading tool to use to backtest your 4 H 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.
MT4 H XAUUSD Chart Tool Bars - How to Trade 4 H XAUUSD Chart for Beginner Traders
MetaTrader 4 Gold Trading Step by Step Button for 4H XAUUSD Chart Trading Strategy - 4 H XAUUSD Chart Trading Strategy - 4 H XAUUSD Chart Trading Strategies
Once you get this MT4 tool you can move your 4H XAUUSD chart backwards, & use this MetaTrader 4 xauusd trading step by step button to move the 4H Gold chart gold trading step by step while at the same time testing when your 4H Gold simple system would have generated either a buy or sell signals, and where you would have exited the trades, then writedown the amount of profit or loss per trade transactions made using the 4 Hour XAUUSD Chart Strategies & out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the 4H XAUUSD Chart trading strategy - 4 H XAUUSD Chart Trading Strategy.
If your 4H gold trading strategy is profitable on paper then, it's time to demo trade & test if the 4 H XAUUSD Chart Trading Strategy is profitable on the real market as it is on paper trading technique. This is the process of back-testing 4 Hour XAUUSD Chart Trading Strategy.
Writing a Gold Trading Journal
Maintain a Trading Journal to keep track of profitable trades, & determine why these trades were profitable. And also keep a record of all losing trades, figure out why these trades made a loss and the avoid making these same mistakes the next time you trade using your 4 Hour XAUUSD Chart Trading Strategies.
Tweak your trading system until you get a good risk:reward ratio, with signals that you generate. Aim for a good risk: reward of 3:1 and use money management guidelines and read the topic about: Risk : Reward Ratio - 4H XAUUSD Chart Strategy - H4 XAUUSD Chart Trade Strategies - 4 H XAUUSD Example Trading Strategy.
4H XAUUSD Chart Trading Strategy - 4 H Gold Example Trading Strategy
