Best Gold Trading Systems
We shall use the Gold Rules below to come up with a written gold trading system that generates the gold trading signals displayed below using the 1 hour chart.
XAUUSD Trading System Rules: XAUUSD Trading Rules
A gold trading system refers to a set of Gold Trading Rules that you follow to manage your trades. These gold rules must be written down on a gold trading plan so as to guide you. The following writing gold rules guide will show you how to write-down the rules of your trading system.
Keyword is a SET OF Gold TRADING RULES which you must follow when trading gold. If you don't follow these gold trading rules specified on your gold day strategy then you do not have a Gold Trading day xauusd trading system. Gold system rules & gold trading strategies rules must have gold trading rules which are written down in your gold trading plan.
XAUUSD Trading Strategies Rules
Writing Gold Trading Rules of a Gold Trading System - 1 hour Chart Time Frame Trading
You can come up with the above gold trading system rules using the steps below:
Step 1:Step 2:Choose your Day Chart Timeframe - 1H xauusd chart
Step 3:Choose Gold Technical Indicators that spot a new gold trend- Moving Average Crossover System.
Step 4:Choose Gold Indicators that confirm the gold trend - RSI, Stochastic
Step 5:Finding entry & exit points
Buy Trading Signal
- Both Moving Averages pointing up
- RSI Gold Indicator above 50
- Stochastic oscillator going up
Sell Trading Signal
- Both Moving Averages pointing down
- RSI Gold Indicator below 50
- Stochastic oscillator going down
Exit
- Moving Averages Technical Indicator gives opposite trading signal
- RSI gives opposite signal
Step 6:Calculating risks in each gold trading - 20 pips
Step 7:Write down the trading rules of the gold system - Gold Trading rules
After following these steps - we come up with the written gold system rules & Gold Trading Rules below.
Writing XAUUSD Trading System Rules
How to Day Trade - Complete & Detailed Guide to Gold Trading Rules PDF
This day gold trading system produces buy signals & sell signals as shown below. Using these gold rules traders can detect when to enter & exit trades.
Generate Buy Gold Signal & Sell Gold Trading Signal - Gold Trading Rules
We have completed writing the rules on this Gold Rules guide - this is one part of a the gold trading rules plan. To learn about gold trading plan rules guide - how do you create a complete gold rules plan Tutorial tutorial?