Silver Trading System Rules: Write Down The Rules and Follow Them

We shall use the previous steps to create a written silver trading system that generates the trade signals shown below using the 1 hour xagusd trading chart. We shall use the 1H silver chart to write the rules of this silver trading strategy - xagusd trading system.

A silver trading system refers to a set of written silver rules that you follow to manage your trades. These rules must be written down so as to guide you. Following learn silver trading tutorial will show you how to writedown the rules of your trading system.

The keyword is a SET OF RULES which you must follow. If you don't follow the rules then you don't have a xagusd trading system. Trading systems must have rules which are written down within your silver trading plan.

Example of XAGUSD Trading System below:

Writing Rules of a Silver Trading System- 1 hour Silver Trading Chart Time frame Trading

You can come up with the above silver system using the steps below:

Choose your Chart Timeframe - 1H xagusd chart

Choose Technical Indicators which identify a new trend - Moving Average Crossover System.

Choose Indicators that confirm the silver trend - RSI, Stochastic

Finding entry & exit points

Long Entry

1. Both Moving Average pointing up
2. RSI above 50
3. Stochastic oscillator going up

Short Entry

1. Both Moving Average pointing down
2. RSI below 50
3. Stochastic oscillator going down

Exit

1. MA gives opposite signal
2. RSI gives opposite signal

Calculating risks in each trade - 20 pips

Write down the silver trade system Silver rules

Test the system on a xagusd trading demo trading account

After using these steps we come up with the written silver system rules below.

Writing Silver Trading System Silver Rules

Example of How to Write The Best Silver Trading System Rules

This trading system produces the signals as illustrated below. Using these rules traders can determine when to enter and exit trades.

Generate Buy and Sell Silver Trading Signals using Written System Rules

We have completed writing the rules, if you are researching on how to create the best silver trading system, this tutorial is a good start to guide you on how to do just that. This is one part of a the silver trading plan. Now how do you create a complete silver trading plan? To read about Silver plan tutorial go to the right navigation menu of this website under key concepts where you can find a link for this Silver trade plan topic.