Trade Gold Trading

Gold Strategy Guidelines: Write The Guidelines & Follow Them

Using the procedures above, we will develop a written gold system that generates the trade signals shown and presented below using the H1 chart. The principles of this gold strategy will be based on the 1H chart.

A trading system refers to a written set of written gold rules which you follow & adhere to to manage your trade positions. The trading rules must be written down so that to guide you. The following tutorial will show you how to write down the trading rules of your system.

A keyword means a set of rules you must follow as a trader. Skip the rules, and you lack a system. Trading systems need written guidelines in your gold plan.

Example of Trade System below:

How to Optimize Gold Strategy Rules for Your Gold Method - Trading Charts in Chart Timeframe

Writing Down Guidelines of a System - 1 hour Gold Chart Timeframe Trade

You can create the above gold system using the steps outlined below:

Step 1:

Select your Chart Timeframe - 1H chart

Step 2:

Select Indicators that spot a new trend - MA Crossover Strategy.

Step 3:

Select Indicators that confirm the price trend - RSI, Stochastic

Step 4:

Finding entry & exit points

Long Entry

  1. Both Moving Average pointing up
  2. RSI value above 50
  3. Stochastic oscillator going up

Short Entry

  1. Both Moving Average pointing down
  2. RSI below 50
  3. Stochastic oscillator going downward

Exit

  1. MA gives in the opposite market trend signal
  2. RSI gives in the opposite trend signal
Step 5:

Calculating the risks in each trade - 20 pips

Step 6:

Documenting the Governing Rules for a Gold Trading System

Step 7:

Test the system on a trading practice account

After using these steps we create written gold system rules below.

Writing Trade System Gold Rules

How to Optimize Gold Strategy Rules for Your Gold Method

Example of How to Write the Best Gold System Rules

This trading system produces the trading signals like is illustrated and shown below. Using these trading rules, traders can determine and assess when to enter & exit trades.

Writing Trade System Rules - How to Optimize Strategy Rules for Your Trade Method

Generate Buy & Sell Gold Signals using Written System Guidelines

we've got finished writing the guide-traces, in case you're discovering on the way to create the great gold system, this educational is a superb begin and start to lesson you on a way to do just that. this is one part of the gold plan. Now how do you create a complete gold buying and selling plan? To study approximately Gold plan route visit the right navigation menu of this internet site underneath key ideas wherein you can discover a link for this Gold trade plan topic.

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