Trading System Example Templates
When creating your own Basics Gold Trading Systems, there are a couple of things to keep in mind. Your strategy needs to be-able to identify new trends, while at the same time making sure you don't to get faked out/whipsaws. Real trick is, once you've created a gold system which works for you, stick to it. Being disciplined will help you a lot in becoming successful.
Before Gold on a live account, you've to figure out what Basics Gold Trading Systems & strategies work for you. It is good to know in what time frame you're going to be working in, and how much you're willing to risk once you begin. All these factors should be factored in, and should be written down within your xauusd plan. A good place to test this would be on a free demo account. This is where you test your strategies risk-free without depositing money to determine which trading strategy is best suited for you.
So, now how can a trader like you create a "good Basics Gold Trading Systems" or "best Basics Gold Trading Systems "?
To develop a good trading strategy the first thing to carry out is to define your main objective or goal:
The following example illustrates a goal & explains the rules of how to achieve that goal for your Basics Gold Trading System.
Gold Trading Goals
1.Identify a new trend
Moving average cross-over method is the most oftenly strategy used to identify a new trend. Time to open a long or short trade is determined when two averages cross over or cross under each other.
2.Confirm the new trend
RSI(RSI) and Stochastic Technical Indicator are the most oftenly used indicators to confirm a Gold trend.
Indicator-based Basics Gold Trading Systems
The best type of a method is one that's indicator-based. You'll find it straight forward to generate the signals & thus less error-prone on your part and this will help you to avoid market whipsaws.
There are several things we want to achieve when creating Basics Gold Trading Systems :
- Find entry points as early as possible.
- Find exit points securing maximum gains.
- Avoid fake entry & exit signals.
- Proper Gold Trading Equity Management Rules
Accomplishing these 4 goals will result in a profitable Basics Gold Trading System and a 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 who more aggressive wouldn't wait until the chart candlestick closes & would enter as soon as their indicators match up. But most would wait until the chart candlestick of the time-frame they are using has closed, to have more stability when entering the market.
To get huge profits out of the market you need to build your own profitable trading system; a method that will bring your not just hundreds but thousands of dollars worth of revenues. You need to have your own trading strategy which will help you achieve your financial goals. Sometimes the best systems are the ones that you build on your own. No need to keep searching online for the best systems or for gold systems that work, this web site provides you with all the tools required to help you and guide you on how to develop your own systems.
Illustrated Below is example of a Basics Gold Trading Systems based on RSI, MACD & Stochastic.
Gold System - Basics Gold Trading Systems
The Basics Gold Trading Systems example above is comprised of four indicators in total, all of these generate Gold trade signals using different methods, the moving average MA will generate trading signals using the crossover method shown, the RSI, Stochastic & MACD use different analysis to generate the long and short signals as displayed in the above example. How to generate these trading signals is discussed in the next course (on sidebar navigation study trading lessons menu under key concepts).
For beginners who want to come up with Basics Gold Systems, it's difficult for them to device their own trading strategies since they don't have much knowledge about the market. However, this site will explain how one-can create their own free gold system in just seven easy guidelines. Best strategy is one you create yourself and learn how to trade the market with it.
Main advantage of creating your own free Basics Gold Systems is that you will know how to make profits by yourself-and not rely on other peoples efforts.
In the next course located at the sidebar navigation learn tutorials menu below the key concepts will show you how to create a trade system like the one above, write it's rules and how to back test it on a practice demo trading account before using it on a real account.
4 Examples of Free Basics Gold Trading Systems
Examples 1: The MA Crossover Technique - Basics Gold Trading Systems
The cross-over trading strategy method uses 2 moving averages to generate trading signals. The first MA uses a shorter period and the second is a longer period.
Crossover Technique - Basics Gold Trading Systems
This above method is referred to as the moving average cross over technique because signals are generated when two averages cross above or below each other.
Trading System Trading Example - Short and Long signal Generated - Basics Gold Trading Systems
A buy signal or going long trade is generated when the shorter average crosses above the longer average (Both Moving Averages Going Up).
A sell trading signal or a going short trade is generated when the shorter average crosses below the longer average (Both MAs Going Down).
Basics Trading Systems
Stochastic Oscillator Technical can be combined with other indicators to form a system.
- RSI
- MACD
- MAs Gold Trading Indicator
Trading Systems Example - Basics Gold Trading Systems
Short Signal or Sell Signal - Basics Gold Trading Systems
How the short signal was generated
From our guidelines the short signal gets generated when:
- Both Moving Averages are heading down
- RSI is below 50
- Stochastic heading downward
- MACD heading downward below centerline
The short signal was generated when all the written trading rules were met. Exit signal gets generated when a signal in the opposite market trend direction is generated.
The good thing about using such a technique is that we are using different types of indicators to confirm the signals and avoid as many whip saws as possible in the process.
- Stochastic - momentum oscillator
- RSI - momentum oscillator
- Moving Averages Indicator - trend following indicator
- MACD - trend following oscillator
Based on the chart timeframe used this strategy can be used as Gold scalping system when the min charts are used or as a Gold day trading system when hourly charts are used.
Basics Gold Trading Systems
This system is fully described within the xauusd plan on the gold plan tutorial on this website under the key concepts section located on the right navigation menu.
Chart Time Frame
H1 chart
Trading Technical Indicators which identify a new trend
Moving Average Crossover
Indicators which confirm the market trend
RSI
STOCHASTIC OSCILLATOR
Long Entry - Buy Trade Signal
1. Both MAs(MAs) heading up
2. RSI above 50
3. Both stochastics going up
Short Entry - Sell Trading Signal
1. Both Moving Average pointing down
2. RSI below 50
3. Both stochastics going down
Exit Trading Signal
1. Moving Average gives opposite signal
2. RSI gives opposite signal
Money Management in XAUUSD Trading
Stop Loss Order - 35 pips
Take Profit Gold Order - 70 pips
Reward to Risk 2:1
Basics Systems
The Gann Swing Oscillator Technical is meant to be used in combination with the Gann HiLo Activator and Gann Trend to form a complete trade strategy oftenly known as the - 'New Gann Swing Chartist Plan'. Within this technique the Gann Swing Oscillator Technical is used to help determine market swings for trading only within the current market trend is depicted by the Gann Trend.
Shown Below is the examples of New Gann Swing Chartist Plan
The Gann Chartist Plan - Basics Gold Trading Systems
Get More Tutorials:
- How Do You Do Gold Position with Different XAU/USD Chart Time frames?
- Modifying a Trade Take Profit Order on MT5 Platform
- How Do You Trade a XAUUSD Upward Trend on Gold Charts?
- Overbought and Oversold Levels Signals XAU USD Systems
- Gold Demo Account
- How Do You Load a MetaTrader 4 Gold Profile on MT4 Platform?
- Gold Charts Analysis How to Read XAU/USD Charts
- Gold When an Upwards Gold Trend-line is Broken Gold Upward Trendline Break Signal
- How Do You Draw Upward Gold Channel in MT5 Platform?
- How to Add SL XAU/USD Order on MT4 Trading Software
