Sell Signal Rules and Buy Signal Rules
Trading System, what is trading system?
Sell Trading Signal
So the above is a trade system, simple trading system that is a combination of two indicators.
- MAs - 2 MAs are used to form the MA crossover system. This cross over system generates signals when the two MAs crossover or under each other.
- RSI - RSI cross over over Center mark, 50 level mark, generates either a buy or sell xauusd trade signal.
- You will also require to learn how to draw trend lines like the ones above so as to know when a trend is broken & when the prices movement are about to change.
trading system
To generate a sell trading signal we use the following signals
Moving Average heading downwards
RSI below the 50 center mark
For This trading system you would have placed the take profit at the support line where the price reached before pulling a retracement.
XAUUSD system
To generate a buy trade signal we use the following signals
Moving Average heading upward
RSI above the 50 center mark
Buy Trading Signal
A trading system is a good method to generate signals & although the above example look simple trading the above signals in real time will take a lot of time before you can start to trade with the ease that profitable traders trade with. So take some time to practice the art of executing your trade signals that you generate from your system.
Study More Lessons:
- How Can I Load a MT4 XAUUSD Profile in MT4 Software?
- How to Open a Live XAU USD Account: XAU/USD Live Account Opening
- XAUUSD Set MetaTrader 5 Stop Loss & Take Profit in MetaTrader 5
- XAU USD MetaTrader 5 Account Transactions Tab
- Darvas Box Gold Indicator Analysis in Trading Charts
- How to Analyze the Difference between Sell Limit & Buy Limit Order
- Technical Analysis Fractals Trading Indicator Buy Forex Trade Signal
- How to Analyze a New Gold Order on MT5 iPhone Trade App