Examples Templates
When creating your own gold system, there are a few things to keep in mind. Your gold strategy needs to be able to spot new Gold market trends, while at the same time making sure you do not to get faked out/whipsaws. The real trick is, once you've created a gold trading system that works for you, stick to it. Being disciplined will help you a lot in becoming successful in xauusd trading.
Before trading Gold on a live gold trading account, you've to figure out what gold trading strategy works for you. It is good to know in what xauusd chart timeframe you're going to be working in, & how much you're willing to risk once you begin gold trading online. All these factors should be factored in, and should be written down within your gold trading plan. A good place to test this gold trading plan would be on a free demo trading account. This is where you test your gold trading strategies riskfree without investing money to determine which gold strategy is best suited for you.
So, now how can a Gold trader like you come up with a "good gold trading system" or the "best gold trading system"?
To come up with a good gold trading strategy the first thing to do is to define your objective or goal:
The following examples illustrates a goal and explains the gold trading rules of how to achieve that goal
XAUUSD Trading System Goals
1.Identify a new gold trend
Moving average crossover method gold trading strategy is the most commonly used strategy to identify a new xauusd trend. time to open a long or short trade is determined when 2 moving averages indicators cross over or cross under each other.
2.Confirm the new gold trend
RSI(RSI) Gold Indicator and Stochastic Oscillator Gold Indicator are the most commonly used gold indicators to confirm a Gold trend.
Indicator based Gold Trading System
The best type of a gold trading method is one that is indicator-based. You will find it straightforward to generate the gold signals & thus less error-prone on your part & this will help you to avoid gold market whipsaws.
There are several things we want to achieve when creating a Gold trading system:
- Find entry points as early as possible.
- Find exit points securing maximum gains.
- Avoid fake entry & exit signals.
- Proper XAUUSD Trading Money Management Rules
Accomplishing these four goals will result in a profitable gold strategy that works.
The last piece of information needed, is deciding how aggressive you're going to be when entering & exiting a trade. Those gold traders who are more aggressive wouldn't wait until the gold chart candle closes & would enter as soon as their gold indicators match up. But most gold traders would wait until the xauusd trading chart candlestick of the chart timeframe they are using has closed, to have more stability when entering a the xauusd market.
To get profits out of the xauusd market you need to build your own profitable gold trading system: a trading technique that will generate profitable xauusd signals. You need to have your own gold trading strategy that will help you achieve your financial goals. Sometimes the best gold systems are the ones that you build on your own. No need to keep searching online for the best gold trading systems or for gold systems that work, this site provides you with all the gold trading tools required to help you & tutorial you on how to come up with your own gold trading systems.
Below is an example of a Gold trade system based on RSI, MACD & Stochastic.
Gold System - Best MT4 Templates Gold Trading Systems
The xauusd trading system example above is comprised of four gold indicators in total, all of these generate Gold trade signals using different methods, the moving average will generate xauusd signals using the moving average crossover method shown, the RSI indicator, Stochastic indicator & MACD indicator use different technical analysis to generate the long and short signals as shown in the above example. How to generate these Gold signals is discussed in the next topic (on the sidebar navigation learn trading tutorials menu under key concepts).
For beginner xauusd traders, it is difficult for them to create their own gold trading strategies since they don't have much knowledge about the gold market. However, this learn gold website will explain how a beginner trader can create their own free gold trading system in just seven easy steps. best strategy is one you come up with yourself and learn how to trade the xauusd market with it.
The main advantage of creating your own free gold trading systems is that you'll know how to make profits by yourself - and not rely on other peoples efforts.
In the next gold trading course located at the sidebar navigation learn lessons menu below the gold trading key concepts will show you how to create a gold trading system like the one above, write it's gold trading rules & how to back test the xauusd trading system on a practice practice xauusd trading account before using it on a live xauusd trading account.
Best MT4 Templates XAUUSD Trading Systems
XAUUSD Trading Strategies
The moving average indicator cross over method uses two moving averages to generate Gold signals. first Moving average uses a shorter period and the second is a longer period.
Moving Average Crossover Technique - Moving Average Crossover Gold Trading Strategy
This above gold trading method is referred to as the moving average crossover method because gold signals get generated when the two averages cross above or below each other.
Gold Trading System Trading Examples - Short & Long signal Generated by Gold Trading System
A buy signal or going long trade is generated when the shorter moving average indicator crosses above longer moving average indicator (Both Moving Averages Going Up).
A sell signal or a going short trade is generated when the shorter average indicator crosses below longer moving average indicator (Both Moving Averages Moving Down).
Best MT4 Templates XAUUSD Trading Systems
Stochastic Oscillator gold indicator can be combined with other Gold indicators to form a xauusd trading system.
- RSI xauusd technical technical indicator
- MACD xauusd technical technical indicator
- Moving Averages xauusd technical trading indicators
Trading Systems Gold Examples – Best MetaTrader 4 Templates Gold Trading Systems
Short Signal or Sell Gold Trading Signal
How the short sell Gold trading signal was generated
From our gold trading rules the short signal is generated when:
- Both Moving Averages are heading down
- RSI is below 50
- Stochastic moving downward
- MACD heading downwards below center-line
The short signal was generated when all the written gold rules were met. The exit signal is generated when a xauusd trade signal in opposite direction is generated.
The good thing about using such a gold trading method is that we are using different types of gold indicators to confirm the gold signals & avoid as many gold trading whipsaws as possible in the process.
- Stochastic – gold momentum oscillator indicator
- RSI - gold momentum oscillator indicator
- Moving Averages XAUUSD ++Trading--Technical Indicator - gold trend following indicator
- MACD – gold trend following oscillator
Based on the xauusd chart time frame used - this strategy can be used as Gold scalping system when the minute charts are used or as a Gold day gold system when hourly charts are used.
Example 3: Trading System Gold Example
This xauusd system is fully described within the gold trading plan on the gold trading plan lesson on this learn gold website under the Gold key concepts section located on the right navigation menu.
Gold Chart Time Frame
1H xauusd chart
Trading Indicators that identify a new gold trend
Moving Average Crossover Trading Indicators Strategy
Indicators that confirm the gold trend
RSI indicator
STOCHASTIC OSCILLATOR trading indicator
Long Entry – Buy Signal
1. Both MA(moving averages) pointing up
2. RSI above 50
3. Both stochastics going up
Short Entry – Sell Signal
1. Both Moving Average pointing down
2. RSI below 50
3. Both stochastics going down
Exit Signal
1. Moving Average Technical Indicator gives opposite signal
2. RSI gives opposite signal
Risk Management in Gold Trading
Stop loss- 35 pips
Take Profit Gold Order - 70 pips
Reward to Risk 2:1
Best MetaTrader 4 Templates XAUUSD Trading Systems
The Gann Swing Oscillator is meant to be used in combination with the Gann HiLo Activator and Gann Trend to form a complete Gold strategy commonly referred to as the - "New Gann Swing Chartist Plan". Within this methodology the Gann Swing Oscillator is used to help determine gold market swings for trading only within the current market gold trend is shown by the Gann Trend.
Below is the examples of New Gann Swing Chartist Plan
The Gann Chartist Plan - Gold Systems - MetaTrader 4 Template Gold Trading System