Weekly Chart Trading Strategies
Weekly Indicators
An example of Weekly Gold Simple System - that is a combination of:
- MA Cross Over Gold Strategy
- RSI Indicator
- MACD Technical Indicator
Weekly Example Strategy Rules are:
Weekly Chart Strategy - Weekly Chart Gold Strategies - Weekly Example Gold Strategy - Weekly Time Frame Gold Strategy
Gold Rules: Weekly Time Frame Strategy - Weekly Indicators
Buy Trade Signal is Generated when: - Weekly Indicators
- Both moving averages MAs moving up
- RSI is above 50
- MACD above center-line
Sell Trade Signal is Generated when: - Weekly Indicators
- Both moving averages MAs heading down
- RSI is below 50
- MACD below center line
Weekly Timeframe Strategy - Weekly Time Frame Trading - Weekly Indicators
Exit Signal - Weekly Chart Strategy Method
Exit signal gets generated when Moving Averages, RSI and MACD indicators give a signal in the opposite trend direction.
The chart time frame to use is Weekly xauusd chart timeframe.
For a beginner trader wanting to come up with a Weekly Chart Strategy the above written rules will give a good example template of a Weekly Chart Strategy that can be used to generate buy and sell signals - Weekly Example Gold Strategy - Weekly Time Frame Gold Strategy - Weekly Time Frame Trading - Weekly Gold Simple System.
Weekly Chart Strategy - Weekly Trading Chart Gold Strategies - Weekly Example Strategy
Generating Signals with this Weekly xauusd system is the best technique that a beginner trader can attempt to determine the market trend & with a little backtesting on practice xauusd trading account so as to test this Weekly Trading System
Best way to back test a trading strategy is by following these two steps:
- Gold Paper Trade your Weekly Gold Simple System
- Gold Demo Trade your Weekly Gold Simple System
A good gold trading tool to use to backtest your Weekly Gold Simple System is known as the MetaTrader 4 Gold Step by Step Tool. Found on the MT4 charts tool-bar of MT4 platform, If you want to find the chart toolbar on MT4 software it is at the top of MetaTrader 4 software. If it's not: Click View (next to file, left top corner of MT4)>>> Tool-Bar >>> Charts. Then click Customize button >>> Select Gold Step by Step >>> Click Insert >>> Close.
MT4 Weekly Chart Tool-Bars - How to Trade Weekly Chart for New Traders
MetaTrader 4 Gold Step by Step Button for Weekly Chart Strategy - Weekly Trading Chart Gold Strategy - Weekly Chart Trade Strategies Methods
Once you get this MT4 tool you can move your Weekly chart backwards, & use this MetaTrader 4 trading step by step button to move the Weekly chart step by step while at the same time testing when your Weekly gold simple system would have generated either a buy or sell signals, and where you'd have exited the trade transactions, then write down the amount of profit/loss per gold trade transactions made using the Weekly Chart Strategies & out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the Weekly Chart trading strategy - Weekly Chart Strategy Method.
If your Weekly trading strategy is profitable on paper then, it's time to demo gold trade and test if the Weekly Chart Gold Strategy is profitable on the real market as it's on paper method. This is the process of back-testing Weekly Chart Trading Strategy.
Maintain a Journal to maintain record of profitable trade transactions, & determine why these trades were profitable. And also keep record of all losing trade positions, determine why these trades made a loss and then avoid making these same mistakes the next time you trade using your Weekly Chart Strategies.
Tweak your xauusd trading system until you get a good risk reward ratio, with signals which you generate. Aim for a good risk: reward of 3:1 & use xauusd equity management rules & read the lesson about: Risk to Reward Ratio - Weekly Chart Strategy - Weekly Trading Chart Gold Strategies - Weekly Example Strategy.
Weekly Chart Strategy - Weekly Chart Gold Strategies - Weekly Example Strategy
XAUUSD Equity Management Methods Tutorial
Learn More Topics & Tutorials:
- Free XAUUSD Margin Calculator & Used Gold Margin Calculator
- How to Analyze MetaTrader 4 Downwards Gold Trend-line in MT4 Software
- How to Open a MT4 Real XAU USD Account from MetaTrader 4 XAU USD Platform
- How Can I Use XAUUSD Learn XAUUSD Platform Guide?
- Economic Reports Market Movers in Gold
