Trading System Sample Templates
When creating your own Basics Gold Trading Systems, there are a couple of things to keep in mind. Your trading strategy needs to be able to identify new trends, while at the same time making sure you do not 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 as a trader a lot in becoming successful.
Before Gold on a real account, you've to figure out what Basics Gold Trading Systems and strategies work for you. It's good to know in what timeframe you're going to be working in, and how much you are willing to risk once you begin. All these factors should be factored in, 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 out your strategies risk-free without depositing money to determine which strategy is best suited for you.
So, now how can a trader like you make 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 and aim or goal:
The following example illustrates a goal & explains the trading rules of how to achieve that goal for your Basics Gold Trading System.
Gold Goals
1.Identify a new trend
Moving average cross-over method is the most common trading strategy used to identify and spot a new market trend. Time to execute a long or short trade is determined when 2 averages cross over or cross under each other.
2.Confirm the new trend
RSI(RSI) and Stochastic 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 will find it straight forward to generate the trade signals & thus less error-prone on your part and this will help you as a trader to avoid market whipsaws.
There are a few things we want to achieve when creating Basic Gold Trading Systems :
- Find entry points as early as possible.
- Find exit points securing max gains.
- Avoid fake entry & exit trade signals.
- Proper Gold Trading Equity Management Rules
Accomplishing these 4 goals will result in a profitable Basics Gold Trading System & a strategy that works.
The last piece of information needed, is making a decision how aggressive you are going to be when entering and exiting a trade. Those who more aggressive would not wait until the trading chart candlestick closes and 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 profits out of the market you need to build your own profitable system; a method that will bring your not just hundreds but thousands of dollars worth of revenues. You need to have your strategy that will help you achieve your financial goals. Sometimes the best trading strategies are the ones that you create on your own. No need to keep searching 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 illustration of a Basics Gold Trading Trading Strategies based on RSI, MACD and 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 sell signals just as is displayed and shown in the above illustration. How to generate these signals is discussed in the next course (on sidebar navigation study and learn trading lessons menu under key concepts).
For beginners that want to come up with Basics Gold Systems, it is difficult for them to device their own 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 rules & guidelines. Best strategy is one you create yourself and learn how to trade the market with it.
Main advantage of creating your free Basics Gold Systems is that you will know how to earn profits by yourself and not rely on other peoples efforts.
In the next course located at the side-bar navigation learn tutorials menu below the key concepts will show and describe to 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 live account.
4 Explanation Examples of Free Basics Gold Trading Systems
Examples 1: The MA Cross over Technique - Basics Gold Trading Systems
The cross-over strategy method uses 2 moving averages to generate trading signals. The first Moving Average uses a shorter period & the second is a longer period.
Crossover Technique/Method - Basics Gold Trading Systems
This above technique is referred to & known as the MA cross over technique/method because signals are generated when 2 averages cross above or below each other.
Trading System Example - Short and Long signal Generated - Basics Gold Trading Systems
A buy signal or going long trade is derived and generated when shorter average crosses above the longer average (Both MAs Moving Averages Going and Heading Up).
A sell trading signal or a going short trade is derived and generated when shorter average crosses below the longer average (Both Moving Averages Going Down).
Basics Systems
Stochastics Oscillator Technical can be combined with other indicators to form a system.
- RSI
- MACD
- MAs Gold Trading Indicator
Systems Example - Basics Gold Trading Systems
Short Signal or Sell Signal - Basics Gold Trading Systems
How the short sell signal was generated
From our guidelines/rules the short sell signal gets derived and generated when:
- Both MAs Moving Averages are heading down
- RSI is below 50
- Stochastic heading downwards
- MACD moving downwards below centerline
The short sell signal was derived & generated when all written trading rules were met. Exit signal gets derived and generated when a trade signal in the opposite direction is generated.
The good thing about using such a method is that we are using different types of technical indicators to confirm the trading 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 trading charts are used.
Basics Gold Trading Systems
This system is fully elaborated within the xauusd plan on the gold plan guide on this website under the key concepts tutorials located on the right navigation menu.
Chart Timeframe
H1 chart
Indicators which identify a new trend
Moving Average Crossover
Indicators which confirm the trend
RSI
STOCHASTIC OSCILLATOR
Long Entry - Buy Signal
1. Both Moving Averages(MAs) heading up
2. RSI above 50
3. Both stochastic lines heading up
Short Entry - Sell Signal
1. Both Moving Average MA pointing down
2. RSI is below 50
3. Both stochastic lines heading down
Exit Trading Signal
1. Moving Average generates in the opposite market trend signal
2. RSI gives and generates in the opposite market trend signal
Money Management in XAUUSD Trading
StopLoss 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 strategy oftenly known as the - 'New Gann Swing Chartist Trade Plan'. Within this technique/method the Gann Swing Oscillator Technical Indicator is used to help identify market swings for trading only within the ruling market trend is depicted by the Gann Trend.
Shown Below is the examples of New Gann Swing Chartist Trade Plan
The Gann Chartist Plan - Basics Gold Trading Systems
Get More Tutorials:
- How Do I Do XAUUSD Position with Different XAU USD Chart Time frames?
- Modifying a Trade Take Profit Order on MetaTrader 5 Platform
- How Do You Trade a XAU/USD Upward Trend on Charts?
- Over-bought and Over-sold Levels Signals XAU/USD Systems
- Gold Demo Account
- How Do You Load a MT4 Charts Profile on MetaTrader 4 Platform/Software?
- Gold Charts Analysis How to Read XAUUSD Charts
- Gold When an Upwards Trend line is Broken Gold Upwards Trend-line Break Signal
- How Do You Draw Upwards XAUUSD Channel on MT5 Software Platform?
- How to Add SL Gold Order on MT4 Platform
