1 Min Example Strategy
1 Min Indicators
An example of 1 Minute Simple System - that is a combination of:
- Moving Average Cross-over Strategy
- RSI
- MACD Indicator
1 Min Examples Strategy Rules are:
1 Minute Chart Strategy - 1 Minute Example Strategy - 1 Min Time Frame Method
XAUUSD Rules: 1 Min Time-Frame Strategy - 1 Minute Gold Indicators - 1 Minute Simple System
Buy Signal is Generated when: - 1 Min Indicators
- Both MAs heading up
- RSI is above 50
- MACD above center-line
Sell Signal is Generated when: - 1 Min Indicators
- Both Moving Averages heading down
- RSI is below 50
- MACD below centerline
1 Minute Time Frame Strategy - 1 Minute Gold Indicators - 1 Minute Simple System
Exit Signal - 1 Minute Chart Strategy
Exit signal is generated when MAs, RSI and MACD indicators give a signal in opposite direction.
The chart timeframe to use is 1 Min chart time-frame.
For a beginner trader wanting to come up with a 1 Min Chart Strategy the above written rules will give a good example template of a 1 Min Chart Strategy that can be used to generate buy and sell signals - 1 Minute Example Strategy - 1 Min Time Frame Strategy - 1 Min Simple System.
1 Min Chart Strategy - 1 Minute Example Strategy
Generating Signals with this 1 Min system is the best method that a beginner can attempt to determine the market trend & with a little backtesting on practice demo trading account so as to test this 1 Minute System
The best way to back test a strategy is by following these 2 steps:
- XAUUSD Paper Trade your 1 Min Simple System
- Demo Trade your 1 Min Simple System
A good tool to use to back test your 1 Min Simple System is referred to as the MetaTrader 4 XAUUSD Step by Step Tool. Found in MetaTrader 4 charts toolbar of MT4 software, If you want to find the chart tool-bar in the MT4 software it's at the top of MetaTrader 4 software. If it's not: Click View (next to file, left top corner of MetaTrader 4)>>> Tool-Bar >>> Charts. Then click Customize button >>> Select XAUUSD Step by Step >>> Click Insert >>> Close.
Meta Trader 4 1 Minute Chart Tool Bars - How to Trade 1 Minute Chart for Beginners
Meta Trader 4 XAUUSD Step by Step Button for 1 Min Chart Strategy - 1 Min Chart Strategies
Once you get this MT4 tool you can move your 1 Min chart backwards, & use this Meta Trader 4 step by step button to move the 1 Min chart xauusd step by step while at the same time testing out when your 1 Min xauusd trading simple system would have generated either a buy or sell signals, and where you would have exited the trades, then write down the amount of profit or loss per trades made using the 1 Min Chart Strategies & out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the 1 Min Chart strategy - 1 Min Chart Strategy.
If your 1 Minute strategy is profitable on paper then, it is time to demo trade and test if the 1 Minute Chart Strategy is profitable on the real market as it's on paper method. This is the process of backtesting the 1 Minute Chart Strategy.
Maintain a Journal to keep record of profitable trades, and determine why these trades were profitable. And also maintain journal of all losing trade transactions, determine why these trades made a loss & the avoid making these same mistakes the next time you trade using your 1 Min Chart Strategies.
Tweak your xauusd system until you get a good risk:reward ratio, with the signals that you as a trader generate. Aim for a good risk: reward of 3:1 & use xauusd equity management principles and read the topic about: Risk : Reward Ratio - 1 Min Chart Strategy - 1 Minute Example Strategy.
1 Minute Chart Strategy - 1 Minute Example Strategy
