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