Trade Forex Trading

Main Part of a Plan is Your Program

One of the key xauusd things in a strategy is what you will do. A strategy is what a trader uses to figure out and plan every part of how they trade. A strategy will include a written method that the trader uses, plus the rules for keeping a journal, among other things.

Within the framework of this established plan, one must also delineate the precise XAUUSD trading regimen to which they will consistently adhere while navigating the markets.

Here is the xauusd program that you can follow form this plan

TIMEFRAMES

  • Main time-frame for trading is the 1 Hour.
  • XAUUSD Signals are generated on the 1Hour time frame.
  • XAUUSD Signals generated should be supported by 4Hour time frame.

4H

  • Gold Trend-Lines (Support and Resistance)
  • 5 and 7 Simple Moving Averages
  • MACD (12, 26, 9)
  • RSI (14) +Support & Resistance
  • Parabolic SAR

1H

  • Gold Trend-Lines (Support & Resistance)
  • 5 and 7 Simple Moving Averages
  • Stochastic (14, 4, 7)
  • RSI (14) +Support and Resistance
  • Bollinger Band (20, 2)
  • Parabolic SAR

RULES

LONG ENTRY

1H

  1. Both MAs are moving Upwards
  2. Both Stochastics are heading Upwards
  3. RSI is above 50
  4. Parabolic SAR technical indicator is below the price (Support)

4H

  1. Both MAs are moving Upward
  2. Both Stochastics are heading Upwards
  3. RSI >->50

LONG EXIT

  1. RSI gives and provides a in the opposite market trend signal
  2. XAUUSD Price breaks Support Trend Line
  3. Parabolic SAR Indicator is hit (Trailing Stop)

RULES

SHORT ENTRY

1H

  1. Both MAs are moving Downward
  2. Both Stochastics are heading Downwards
  3. RSI is below 50
  4. Parabolic SAR is above price (Support)

4H

  1. Both MAs are moving DOWN
  2. Both Stochastics are moving DOWN
  3. RSI is below 50

SHORT EXIT

  1. RSI gives and provides a in the opposite market trend signal
  2. XAUUSD Price action breaks Support Trend Line
  3. Parabolic SAR Indicator is hit (Trailing Stop)

TRADE ROUTINE

  1. XAUUSD Signals are generated using 1H timeframe.
  2. XAUUSD Signal to be executed immediately rules are met.
  3. Entry xauusd alert signals should be executed during daytime.

TIME OF DAY TO WATCH MARKET - XAUUSD TRADING HOURS

Watch the market during the day when most XAUUSD companies and brokers are trading. Use that info to build a solid XAUUSD program.

The optimal overlap periods for markets, resulting in the most advantageous trading hours, fall between 8:00 GMT and 18:00 GMT, encompassing the overlap of most major global market sessions. Market Hours and Best Hours.

gold trading program - best trading hours

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