1 Hour Day Trading System Rules: Gold Trading Rules of Day Trading 1 H Chart Time Frame

To create a 1 Hour Day Trading System that generates the gold trading signals on the H Chart shown below - Day Trading 1 H Chart - Day Trading Using the 1 H chart. We shall use 1 H gold chart to write the rules of this gold system - 1 H Day Trading System.

This 1 H Day Trading System refers to a set of written trading rules that you as a gold swing trader follows to manage your trades on the 1 H Gold Charts. These gold trading system rules must be written down so as to guide you. This learn gold trading system course will explain how to write down the rules of your trading system.

The keyword is a SET OF Gold RULES which you must follow when trading. If you do not follow the gold rules of your trading system then you don't have a Gold System. Gold systems must have rules which are written down within your gold trading plan.

Examples of 1 Hour Day Trading System below:

Writing Rules of a 1 H Day System - Day Trading 1 H Chart - Day Trading Using 1 Hour chart

You can create the above 1 Hour Day Trading System using the steps below:

Choose Your XAUUSD Chart Time-frame - 1 H Gold Chart

Choose XAUUSD Technical Indicators that Identify a New Gold Trend - Moving Average Crossover Gold System.

Choose XAUUSD Indicators that Confirm the Gold Trend - RSI Technical Indicator, Stochastic Indicator

Define Entry & Exit Points

Buy Trading Signal

1. Both Moving Average technical indicators pointing up
2. RSI indicator above 50
3. Stochastic oscillator indicator heading up

Sell Trading Signal

1. Both Moving Average technical indicators pointing down
2. RSI technical indicator below 50
3. Stochastic oscillator indicator heading down

Exit Trading Signal

1. Moving Average indicators gives opposite xauusd trade signal
2. RSI indicator gives opposite xauusd trade signal

Calculating risks in each trade - Choose the number of Pips to set for the stop loss order for your open gold trades

Write Down the 1 H Day Trading System Rules

Test the 1 Hour Day Trading System on a practice xauusd trading practice trading account

After using these xauusd trading step by step guide you can come up with written 1 H Day Trading System Rules as illustrated below.

Writing 1 Hour Day Trading System Gold Rules

Example of How to Write the Best 1 Hour Day Trading System Rules

This 1 H Day Trading System produces the gold signals as shown below. Using these xauusd trading system rules - traders can determine when to enter and exit trades.

1 H Day Trading System - 1 Hour chart Day System - 1 H Candle Breakout Gold Trading System

We have completed writing the gold rules, if you are researching on how to create the best 1 Hour Gold system - this learn gold trading system guide - you can also include the 1 Hour Day Trading System Rules in your Gold Plan.

1 H Day Trading System - 1 Hour chart Day System - H1 Candle Breakout Gold Trading System