Weekly Chart Strategies
Weekly Indicators
An illustration of Weekly Gold Simple Trading 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 going up
- RSI is above 50
- MACD above center line
Sell Trade Signal is Generated when: - Weekly Indicators
- Both MAs heading downward
- RSI is below 50
- MACD below centerline
Weekly Time-frame Strategy - Weekly Time-frame Trading - Weekly Indicators
Exit Trade Signal - Weekly Chart Strategy
Exit signal gets derived and generated when Moving Averages(MAs), RSI & MACD technical indicators give a signal in the opposite direction.
The chart timeframe to use is Weekly xauusd chart timeframe.
For a beginner trader who wants 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 & 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 can attempt to identify the market trend & with a little backtesting on practice gold account so as to test this Weekly System
Best way to back test a trading strategy is by following these two steps:
- Gold Paper Trade your Weekly Gold Simple Trading System
- Gold Demo Trade your Weekly Gold Simple Trading System
A good gold trading tool to use to backtest your Weekly Gold Simple Trading System is known as the MT4 Step by Step Tool. Found on the MetaTrader 4 charts tool-bar of MetaTrader 4 software, If you want to find the chart toolbar on MT4 software it's at the top of MT4 software. If it is not: Click View (next to file, left top corner of MT4)>>> Toolbar >>> Charts. Then click Customize button >>> Select/Choose Gold Step by Step >>> Click Insert >>> Close.
MT4 Weekly Chart ToolBars - How to Trade the Weekly Chart for Beginners
MT4 Step by Step Button for Weekly Chart Strategy - Weekly Trading Chart Gold Strategy - Weekly Chart Strategies Methods
Once you get this MetaTrader 4 tool you as a trader can move your Weekly trading chart backwards, & use this MetaTrader 4 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 derived/generated either a buy or sell signals, where you would have exited the trade positions, then write down the amount of profit/loss per gold trades made using the Weekly Chart Strategies & out of a sample number of trade positions you'd then calculate the over-all profits & losses derived and generated by the Weekly Chart trading strategy - Weekly Chart Strategy.
If your Weekly 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 positions, and determine why these trade transactions were profitable. And also keep a record of all losing positions, determine why these trades made a loss and then avoid making these same mistakes the next time you trade using your Weekly Chart Trading Strategies.
Tweak your xauusd trading system until you get a good risk-reward ratio, with signals which you generate. Aim for a good risk to reward of 3:1 and use xauusd equity management rules & read the lesson about: Risk to Reward Ratio - Weekly Chart Strategy - Weekly Chart Gold Strategies - Weekly Example Strategy.
Weekly Chart Strategy - Weekly Chart Gold Strategies - Weekly Example Strategy
XAU/USD Equity Management Methods Tutorial
Learn More Topics & Tutorials:
- Free Gold Margin Calculator & Used XAUUSD Margin Calculator
- How to Analyze/Interpret MT4 Downward XAUUSD Trendline in MT4 Software Platform
- How to Open a MetaTrader 4 Real XAU USD Account from MetaTrader 4 XAUUSD Platform
- How Do I Use XAUUSD Learn Gold Platform/Software Guide?
- Economic Reports Market Movers in Gold Trading
