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 Indicator
- MACD XAUUSD Indicator
Day Gold Example Strategy Rules are:
Daily XAUUSD Chart Strategy - Daily XAUUSD Chart Strategies - Day Gold Example Strategy - Day Gold Time-frame Strategy
Trading Rules: Day Gold Time Frame Strategy - Day Gold Indicators - Day Gold Simple System
Buy Gold Trade 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 Trade 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 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 Day Gold chart time frame.
For a beginner trader wanting to come up with a Daily XAUUSD Chart 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 & sell trading signals - Daily XAUUSD Chart Strategies - Day Gold Example Strategy - Day Gold Time Frame Strategy - Day Gold Time-frame Trading - Day Gold Simple System.
Daily XAUUSD Chart Strategy - Daily XAUUSD Chart Strategies - Day Gold Example Trading Strategy
Generating Trading Signals with this Day 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 Day Gold Trading System
The best way to backtest a strategy is by following these 2 steps:
- Paper Trade your Day Gold Simple System
- Demo Trade your Day Gold Simple System
A good tool to use to back-test your Day 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 the 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 Daily XAUUSD Chart Tool-Bars - How to Trade Daily XAUUSD Chart for Beginner Traders
MetaTrader 4 Gold Trading Step by Step Button for Daily XAUUSD Chart Strategy - Daily XAUUSD Chart Strategy - Daily XAUUSD Chart Trading Strategies
Once you get this MT4 tool you can move your Day XAUUSD chart backwards, & 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, & where you would have exited the trades, then writedown the amount of profit or loss per trade transactions made using the Daily XAUUSD Chart Strategies & 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 paper then, it's time to demo trade and test if the Daily XAUUSD Chart 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, & 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 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 - Daily XAUUSD Chart Strategy - Daily XAUUSD Chart Strategies - Day XAUUSD Example Trading Strategy.
Daily XAUUSD Chart Strategy - Daily XAUUSD Chart Strategies - Day Gold Example Trading Strategy
