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How to Generate XAUUSD Signals With XAUUSD Systems

Generating XAUUSD Trading MT4 Free Signals

The only method of xauusd is through gold trading signals, It is best to learn how to generate these xauusd signals for yourself, this way you do not have to rely on other gold traders to generate them for you.



Generating xauusd trading signals is not easy and requires you to have a lot of xauusd technical analysis knowledge and experience, but the earlier you start practicing how to generate these xauusd signals for yourself the better it is for you.


A good method of how to practice generating xauusd trading signals with xauusd trading systems is to open a free practice XAUUSD Trading demo account and test your xauusd signals on this practice account risk free without risking your money, then once you have tested your xauusd strategies and they are profitable on the xauusd demo practice account you can then use these xauusd signals on a live gold trading account.


The method of how to practice generating these xauusd signals as well as how to back test the xauusd signals on the demo xauusd account using the MetaTrader 4 gold platform is discussed below:


So, How Can a Trader Generate XAUUSD Trade Signals?

The best method of generating xauusd signals is through xauusd trading systems, You can Learn how to come up with xauusd trading systems from the lesson how to create XAUUSD Systems on the right navigation menu under the topics XAUUSD Trading Key Concepts.


A gold trading system is a combination of one or two or more xauusd technical indicators with written xauusd rules of how these xauusd indicators will generate these xauusd signals.


Take an example of the simplest xauusd system or xauusd strategy known as moving average crossover xauusd method. A buy xauusd signal or sell xauusd signal is generated when there is a crossover of the two moving averages; either a buy xauusd signal for an upward moving average crossover or a sell xauusd signal for downward trend.

Example of Generating XAUUSD Signals Using Moving Average Crossover Method

Generating XAUUSD Trading MT4 Free Signals - XAUUSD Trading MT4 Signal Indicator - XAUUSD Signals MT4 XAUUSD Indicator Strategy Moving Average Crossover Method



The xauusd system example shown below shows a xauusd trading system using the above moving average strategy combined with the RSI and MACD xauusd indicators to generate buy and sell gold trades.

Example of Online XAUUSD Systems and XAUUSD Strategies
Example of Generating XAUUSD Trading MT4 Free Signals - XAUUSD Trading MT4 Signal Indicator - XAUUSD Signals MT4 XAUUSD Indicator Strategy



When it comes to generating buy and sell xauusd signals, gold traders should use simple xauusd systems to generate these xauusd signals.


XAUUSD Trading MT4 Signal Indicator

Generating XAUUSD Trading MT4 Free Signals - XAUUSD Trading MT4 Signal Indicator - XAUUSD Signals MT4 XAUUSD Indicator Strategy - Buy and Sell XAUUSD Signals



Generating XAUUSD Trading MT4 Free Signals

An example of a simple xauusd trading system that works, is one that is a combination of:


  • Moving average crossover strategy

  • RSI

  • MACD



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The written xauusd rules are:

Generating XAUUSD Signals Strategy - XAUUSD System Examples

Generating XAUUSD Signals Strategy - XAUUSD System Examples



XAUUSD Trade Rules:



Buy XAUUSD Signal is Generated when:



  • Both Moving averages going up

  • RSI value above 50

  • MACD above center line



Sell XAUUSD Signal is Generated when:



  • Both Moving averages going down

  • RSI value below 50

  • MACD below center-line


Example of a XAUUSD Strategy

Generating Buy and Sell XAUUSD Trades - Example of a XAUUSD Strategy


Exit Signal


Exit signal is generated when MA, RSI and MACD xauusd indicator give a signal in the opposite direction.


The xauusd chart time frame to use is 1 hour xauusd chart time frame or 15 minutes xauusd chart time frame depending on what type of xauusd trader you are.


For a beginner xauusd trader the above written xauusd rules will give good buy and sell xauusd trade signals, the only thing that a xauusd trader needs to do is to have the discipline to follow the written xauusd signals rules the exact way they are, and wait for a buy or sell xauusd trade transaction to be indicated by your xauusd strategy and trade after the signals have been generated, not before they are generated.



Back Testing

Generating XAUUSD Signals with a xauusd system is one of the easiest method to trade xauusd trading , it is the best way that a xauusd beginner can attempt to determine the direction of the xauusd market xauusd trend with a good level of accuracy, and with a little back testing on demo practice account so as to gradually increase the level of accuracy of this xauusd trading signals strategy


The best way to back test a xauusd strategy is by following these two steps:


  1. XAUUSD Trading Paper Trade

  2. XAUUSD Trading Demo Trade


XAUUSD Trading Paper Trading- This method of testing a xauusd system involves placing your xauusd system on the gold charts, then take the gold chart back to a particular date, 3 months back for example, and then using this xauusd chart history to determine where your xauusd strategy would have given buy, sell and exit xauusd signals. Write down these points and the profit per xauusd trade transaction on a piece of paper and then calculate the total profit after you have recorded a good number of gold trades such as 50 paper trades xauusd transactions and determine if your xauusd method is overall profitable, the win ratio, the loss ratio and the risk: reward.


This is an ancient method of testing xauusd systems that was used by traditional investors when there was no online xauusd markets or computers for that matter, the xauusd trader would use something like the A3 or A2 paper, graph format paper and draw the trading charts manually (Imagine plotting the charts on your xauusd platform by hand every day or every hour, would you be ready to do that? I doubt) Those investors were hardworking than most, some were so used that they still continue to paper trade the online xauusd market and draw the gold charts on paper, anyway for our paper method example, just a sample data of 50 xauusd trade transactions is all we need.


A good xauusd tool to use to back test your gold trading system is known as the MT4 XAUUSD Step by Step Tool. Found on the MetaTrader 4 gold charts toolbar of MT4 gold platform, If you want to find the gold charts toolbar on the MT4 gold platform it is at the top of the MT4 gold platform. If it is not: Click View (next to file, top left corner of MT4)>> Toolbar >> Charts. Then click the Customize button >> Select XAUUSD Step by Step >> Click Insert >> Close.

MT4 XAUUSD Platform Chart Tool Bars - How To Trade XAUUSD Trading For Beginners


XAUUSD Step by Step Button for Back Testing XAUUSD Systems Explained

MT4 Gold Chart Tool Bars - XAUUSD Step by Step Button for Back Testing XAUUSD Systems Explained



Once you get this MT4 xauusd tool you can move your xauusd chart backwards, and use this MT4 xauusd tool to move the gold charts xauusd step by step while at the same time testing when your xauusd system would have generated either a buy or sell xauusd trade transaction, and where you would have exited the xauusd trade transaction, then write down the amount of profit/loss per xauusd trade transaction and out of a sample number of xauusd transactions you would then calculate the overall profits/losses generated by the xauusd strategy.


If your xauusd strategy is profitable on the paper then, it's time to demo xauusd trade and testing if the it is profitable on the real market as it is on paper method. This is the process of testing or back testing a xauusd system.


Maintain a XAUUSD Journal to keep track of profitable xauusd trades, and determine why these gold trades were profitable. and also keep a log of all losing xauusd trades, determine why these gold trades made a loss and the avoid making these same mistakes the next time you trade using your xauusd strategy.


Tweak your xauusd system until you get a good risk: reward ratio, with the xauusd signals that you generate. Aim for a good risk: reward of 3:1 and a win ratio of above 70% is a good ratio, with good xauusd money management even a xauusd strategy with a win ratio of even 30% i.e. less than half of your xauusd transactions make profit you can still make a profit. You might want to read this topic to know what the table below is all about: Risk : Reward Ratio.

XAUUSD Strategies Explained

Risk To Reward Ratio Chart of Gold Money Management Strategy - XAUUSD Strategies Explained



Read Gold Money Management Strategies Tutorial


A manual xauusd system is still the best way to generate xauusd signals compared to automated xauusd systems, a manual xauusd strategy is a better method and is also much simpler to implement.


However, other traders prefer automated xauusd trading systems and for those then they can check the information on this page MQL5 Gold Expert Advisors and automated xauusd trading systems.


You can also view our extensive list of xauusd strategies topics that provides you with various methods of buy and sell technical analysis using a number of diverse technical methods, navigate to the XAUUSD Strategies Section.

 

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