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