1 H Chart Strategies
1 Hour Indicators
An example of 1 H Simple System - that's a combination of:
- MA Crossover Gold Strategy
- RSI Indicator
- MACD
1 H Example Gold Strategy Method Rules are:
1 H chart Gold Strategy - 1 H Chart Strategies - H1 Example Gold Strategy - H1 Time Frame Gold Strategy Method
Gold Rules: 1 Hour Time Frame Strategy - 1 H Indicators
Buy Trade Signal is Generated when: - 1 H Indicators
- Both Moving Averages moving up
- RSI is above 50
- MACD above center line
Sell Trade Signal is Generated when: - 1 H Indicators
- Both MAs moving down
- RSI is below 50
- MACD below center-line
1 H Time Frame Strategy - 1 H Indicators
Exit Gold Signal - 1 H chart Method
Exit signal gets generated when MAs, RSI & MACD give a signal in opposite trade direction.
The chart time frame to use is 1 Hour chart time-frame.
For a beginner trader wanting to come up with a 1 H chart Gold Strategy Method the above written rules will give a good example template of a 1 H chart Gold Strategy that can be used to generate buy and sell signals - 1 H Chart Strategies - H1 Example Gold Strategy - H1 Timeframe Strategy - 1 H Simple System.
1 H chart Gold Strategy - 1 H Chart Strategies - H1 Example Strategy
Generating Signals with this H1 system is the best technique that a beginner can attempt to determine the market trend & with a little back-testing on practice demo trading account so as to test this H1 Trading System
The best way to backtest a strategy is by following these two steps:
- Gold Paper Trade your H1 Simple System
- Demo Trade your 1 Hour Simple System
A good tool to use to backtest your 1 Hour Gold Simple System is known as the MetaTrader 4 Trade Step-by-Step Tool. Found on MT4 charts tool bar of MT4 platform, If you want to find the chart tool-bar in MetaTrader 4 software it is at the top of MetaTrader 4 software platform. If it's not: Click View (next to file, top-left corner of MT4)>>> Tool-Bar >>> Charts. Then click Customize button >>> Choose Gold Trade Step-by-Step >>> Click Insert >>> Close.
MT4 1 H Chart Tool Bars - How to Trade 1 H Chart for Beginners
MT4 Trading Step by Step Button for 1 H chart Gold Strategy - 1 H chart Gold Strategy - 1 H Chart Methods
Once you get this MT4 tool you can move your 1 Hour chart backwards, & use this MT4 trading step by step button to move the 1 Hour chart step-by-step while at the same time testing when your 1 Hour gold simple system would have generated either a buy or sell signals, and where you'd have exited the trades, then write the amount of profit or loss per trade transactions made using the 1 H Chart Strategies & out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the 1 H chart trading strategy - 1 H chart Method.
If your 1 H strategy is profitable on paper trading then, it's time to demo trade and test if the 1 H chart Gold Strategy Method is profitable on the real market as it's on paper method. This is the process of back testing the 1 H chart Gold Strategy.
Maintain a XAUUSD Journal to keep track of profitable trades, & determine why these trades were profitable. And also maintain a 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 1 H Chart Strategies.
Tweak your trading system until you get a good risk to reward ratio, with the signals that you generate. Aim for a good risk: reward of 3:1 & use xauusd equity management guidelines and read the tutorial about: Risk : Reward Ratio - 1 H chart Gold Strategy - 1 H Chart Strategies - H1 Example Gold Strategy.
1 H chart Gold Strategy - 1 H Chart Strategies - H1 Example Strategy Method
XAUUSD Equity Management Strategies Tutorial
