4 Hour Example XAUUSD Strategy
4 Hour Indicators
An example of 4 H Simple System - that is a combination of:
- Moving Average Cross-over Strategy
- RSI
- MACD Indicator
4 H Examples XAUUSD Strategy Rules are:
4 H Chart XAUUSD Strategy - 4H Chart Strategies - 4 Hour Example XAUUSD Strategy - 4 H Time-frame Method
XAUUSD Rules: 4 Hour Time Frame Strategy - 4H Indicators
Buy Signal gets Generated when - 4 H Indicators
- Both MAs heading up
- RSI is above 50
- MACD above center-line
Sell XAUUSD Signal gets Generated when - 4 H Indicators
- Both Moving Averages heading down
- RSI is below 50
- MACD below centerline
4 H Indicators
Exit Trading Signal - 4 Hour Chart XAUUSD Strategy
Exit gold signal is generated when MAs, RSI & MACD give a signal in opposite market trend direction.
The chart timeframe to use is 4 Hour xauusd chart time-frame.
For a beginner trader wanting to come up with a 4 Hour Chart XAUUSD Strategy the above written xauusd rules will give a good example template of a 4 Hour Chart XAUUSD Strategy that can be used to generate buy and sell signals - 4 Hour Chart Strategies - 4 Hour Example XAUUSD Strategy - 4 H Time Frame XAUUSD Strategy - 4 H Simple System.
4 Hour Chart XAUUSD Strategy - 4H Chart Strategies - 4 Hour Example XAUUSD Strategy
Generating Signals with this 4 Hour xauusd system is the best method that a beginner can attempt to determine the market trend and with a little backtesting on practice demo trade account so as to test this 4 H System
The best way to back-test a xauusd strategy is by following these 2 steps:
- XAUUSD Paper Trade your 4H Simple System
- Gold Demo Trade your 4 Hour Simple System
A good xauusd tool to use to back-test your 4 Hour XAUUSD Simple System is referred to as the MT4 Gold Step by Step Tool. Found on MT4 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 4 Hour Chart Tool Bars - How to Trade 4 Hour Chart for Beginners
Meta Trader 4 XAUUSD Step by Step Button for 4 Hour Chart XAUUSD Strategy - 4 H Chart XAUUSD Strategy - 4 H Chart Strategies
Once you get this MetaTrader 4 tool you can move your 4 Hour xauusd chart backwards, & use this Meta Trader 4 step by step button to move the 4 Hour xauusd chart xauusd step-by-step while at the same time testing when your 4 Hour xauusd trading simple system would have generated either a buy or sell signals, & where you would have exited the trade transactions, then write down the amount of profit or loss per xauusd trades made using the 4 Hour Chart Strategies & out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the 4 Hour Chart xauusd strategy - 4 Hour Chart XAUUSD Strategy.
If your 4 Hour strategy is profitable on paper trading then, it is time to demo xauusd trading trade and test if the 4 Hour Chart XAUUSD Strategy is profitable on the real xauusd market as it's on paper method. This is the process of back testing the 4 Hour Chart XAUUSD Strategy.
Maintain a XAUUSD Journal to keep track of profitable xauusd trades, & determine why these trade transactions were profitable. And also keep a record of all losing trades, determine why these trades made a loss & the avoid making these same mistakes the next time you trade using your 4H Chart Strategies.
Tweak your xauusd system until you get a good risk:reward ratio, with the signals that you generate. Aim for a good risk: reward of 3:1 and use xauusd money management rules & read the lesson about: Risk : Reward Ratio - H4 Chart XAUUSD Strategy - 4H Chart Strategies - 4 Hour Example XAUUSD Strategy.
4 H Chart XAUUSD Strategy - 4H Chart Strategies - 4 Hour Example XAUUSD Strategy
XAUUSD Money Management Strategies Course
