Gold Strategy Rules: Write Down The Rules & Follow Them

We shall use the previous steps to come up with a written gold system that generates the trade signals shown & displayed below using the H1 chart. We shall use the 1H chart to write the guidelines of this gold trading strategy - system.

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

Keyword is a SET OF RULES which you as a trader must follow. If you do not follow the trading rules then you do not have a trading system. Trading systems must have guide-lines which are written down within 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 Rules of a System - 1 hour Gold Chart Timeframe Trade

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

Step 1:

Choose your Chart Timeframe - 1H chart

Step 2:

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

Step 3:

Select Indicators that confirm the market trend - RSI, Stochastic

Step 4:

Finding entry & exit points
Long Entry
Both Moving Average pointing up
RSI value above 50
Stochastic oscillator going up
Short Entry
Both Moving Average pointing down
RSI below 50
Stochastic oscillator trading going down
Exit
MA gives in the in the opposite trend market trend market trend market trend market trend market trend market trend signal
RSI gives in the in the opposite trend market trend market trend market trend market trend market trend market trend signal

Step 5:

Calculating the risks in each trade - 20 pips

Step 6:

Write down the trade system Gold rules

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 Rules

We have completed writing the guide-lines, if you are researching on how to create the best gold system, this tutorial is a good start to lesson you on how to do just that. This is one part of the gold trading plan. Now how do you create a complete gold trading plan? To read about Gold plan tutorial go to the right navigation menu of this website under key concepts where you as a trader can find a link for this Gold trade plan topic.

Learn More Courses and Lessons:

Trade Gold Trading

Gold Strategy Rules: Write Down The Rules & Follow Them

Example of Trade System below:

Long Entry

Short Entry

Exit

Writing Trade System Gold Rules