Daily XAUUSD Chart Trading Strategies
Daily XAUUSD Indicators
An example of Daily Gold Simple System - that's a combination of:
- Moving Average Crossover Gold Strategy
- RSI Indicator
- MACD Indicator
Daily Example Gold Trading Strategy Rules are:
Daily Chart Gold Strategy - Daily XAUUSD Chart Strategies - Daily Example Gold Strategy - Daily Timeframe Gold Strategy
Gold Trading Rules: Daily Time Frame Strategy - Daily Gold Indicators - Daily Gold Simple System
Buy Gold Trading Signal is Generated when: - Daily Timeframe Strategy - Daily Gold Indicators
- Both moving averages moving up
- RSI is above 50
- MACD above center line
Sell Gold Trading Signal is Generated when: - Daily Timeframe Strategy - Daily Gold Indicators
- Both moving averages moving down
- RSI is below 50
- MACD below center line
Daily Timeframe Strategy - Daily Timeframe Trading - Daily Gold Indicators - Daily Gold Simple System
Exit Gold Signal - Daily 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 Daily xauusd chart time frame.
For a beginner trader wanting to come up with a Daily Chart Gold Trading Strategy the above written trading rules will give a good example template of a Daily Chart Gold Trading Strategy that can be used to generate buy & sell signals - Daily Chart Strategies - Daily Example Gold Strategy - Daily Timeframe Gold Strategy - Daily Timeframe Trading - Daily Gold Simple System.
Daily Chart Gold Strategy - Daily XAUUSD Chart Strategies - Daily Example Strategy
Generating Trading Signals with this Daily 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 Daily Gold Trading System
The best way to back test a xauusd trading strategy is by following these 2 steps:
- Gold Paper Trade your Daily Gold Simple System
- XAUUSD Demo Trade your Daily Gold Simple System
A good gold trading tool to use to backtest your Daily 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 Daily XAUUSD Chart Tool-Bars - How to Trade Daily XAUUSD Chart for Beginner Traders
MetaTrader 4 Gold Trading Step by Step Button Key for Daily Chart Gold Strategy - Daily Chart Gold Trading Strategy - Daily Chart Trading Strategies
Once you get this MT4 tool you can move your Daily gold chart backwards, and use this MT4 gold trading step by step button to move the Daily gold chart step by step while at the same time testing when your Daily 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 Daily Chart Strategies & out of a sample number of gold trade transactions you would then calculate the overall profits and losses generated by the Daily Chart gold trading strategy - Daily Chart Strategy.
If your Daily gold strategy is profitable on paper then, it is time to demo gold trade & test if the Daily Chart Gold Strategy is profitable on the real gold market as it is on paper technique. This is the process of back-testing Daily 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 Daily 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 - Daily Chart Gold Strategy - Daily XAUUSD Chart Strategies - Daily Example Gold Trading Strategy.
Daily Chart Gold Strategy - Daily XAUUSD Chart Strategies - Daily Example Strategy
