Best MetaTrader 4 Templates Example Systems
When creating your own system, there are a few things to keep in mind. Your strategy needs to be able to identify new XAUUSD market trends, while at same time making sure you do not to get faked out/whipsaws. The real trick is, once you've created a system that works for you, stick to it. Being disciplined will help you a lot in becoming successful in xauusd.
Before XAUUSD on a live account, you've to figure-out what strategy works for you. It is good to know in what chart timeframe you are going to be working in, & how much you're willing to risk once you start xauusd online. All these factors should be factored in, & should be written down within your xauusd trading plan. A good place to test this plan would be on a free practice trading account. This is where you test your strategies risk free without investing money to determine which strategy is best suited for you.
So, now how can one like you create a "good system" or the "best system"?
To come up with a good xauusd strategy the first thing to do is to define your objective or goal:
The following example illustrates a goal and explains the xauusd guide-lines of how to achieve that goal
XAUUSD System Goals
1.Identify a new trend
Moving average crossover method strategy is the most commonly used strategy to identify a new gold trend. Time to open a long or short trade is decided when two moving averages indicators cross over or cross under each other.
2.Confirm the new trend
Relative Strength Index(RSI) Indicator & Stochastic Oscillator are the most commonly used technical indicators to confirm a trend.
Indicator based System
The best type of a method is one that is indicator-based. You will find it straight forward to generate the signals & thus less error-prone on your part and this will help you to avoid market whipsaws.
There are several things we want to achieve when creating a system:
- Find entry points as early as possible.
- Find exit points securing maximum gains.
- Avoid fake entry & exit signals.
- Proper XAUUSD Money Management Guidelines
Accomplishing these four goals will result in a profitable strategy that works.
The last piece of information needed, is deciding how aggressive you're going to be when entering & exiting a trade. Those traders who are more aggressive wouldn't wait until chart candle stick closes & would enter as soon as their technical indicators match up. But most traders would wait until the chart candlestick of the trading chart time frame they're using has closed, to have more stability when entering a the market.
To get profits out of the market you need to build your own profitable system: a method that will generate profitable signals. You need to have your own strategy which will help you achieve your financial goals. Sometimes the best systems are the ones that you build on your own. No need to keep searching online for the best systems or for systems that work, this web-site provides you with all the tools required to help you and guide you on how to create your own systems.
Below is an example of a trade system based on RSI, MACD & Stochastic.
XAUUSD System - Best MetaTrader 4 Templates Example Systems
The system example above is comprised of four technical indicators in total, all of these generate trade signals using different strategies, the moving average will generate signals using the moving average crossover method shown, the RSI indicator, Stochastic indicator & MACD indicator use different technical analysis to generate the long & short signals as pictured in the above example. How to generate these signals is discussed in the next topic (on the sidebar navigation learn tutorials menu under key concepts).
For beginners, it's difficult for them to create their own xauusd strategies since they do not have a lot of knowledge about the market. However, this learn site will explain how a beginner can create their own free system in just seven easy steps. The best strategy is the one you come up with yourself & learn how to trade the market with it.
The main advantage of creating your own free systems is that you'll know how to make profits by yourself - & not rely on other peoples efforts.
In the next lesson located at the sidebar navigation learn lessons menu below the xauusd key concepts will show you how to create a system like the one above, write it's xauusd rules & how to back-test the system on a practice practice account before using it on a live account.
Best MT4 Templates Systems
Gold Strategy
The moving average indicator cross over method uses two moving averages to generate signals. First Moving average uses a shorter period & the second is a longer period.
MA Crossover Technique - MA Crossover Strategy Method
This above xauusd method is referred to as the moving average crossover method because signals get generated when the two averages cross above or below each other.
XAUUSD System Example - Short & Long signal Generated by System
A buy signal or going long trade is generated when shorter moving average indicator crosses above longer moving average indicator (Both MAs Moving Up).
A sell signal or a going short trade is generated when shorter average indicator crosses below longer moving average indicator (Both Moving Averages Moving Down).
Best MetaTrader 4 Templates Example Systems
Stochastic Oscillator technical indicator can be combined with other indicators to form a system.
- RSI technical indicator
- MACD technical indicator
- Moving Averages indicators
Trading Strategies Example - Best MetaTrader 4 Templates Example Systems
Short Signal or Sell Signal
How the short sell XAUUSD signal was generated
From our xauusd guide-lines the short signal is generated when:
- Both Moving Averages are heading down
- RSI is below 50
- Stochastic moving downward
- MACD moving downwards below centerline
Short signal was generated when all the written rules were met. Exit signal is generated when a trade signal in opposite direction is generated.
The good thing about using such a method is that we are using different types of technical indicators to confirm the signals & avoid as many whip-saws as possible in process.
- Stochastic - xauusd momentum oscillator
- RSI - xauusd momentum oscillator
- Moving Averages Gold TradingIndicator - trend following indicator
- MACD - trend following oscillator
Based on the chart time frame used - this strategy can be used as scalping system when the minute charts are used or as a XAUUSD day system when hourly charts are used.
Example 3: System Example
This system is fully explained within the trade plan on the trade plan lesson on this learn website under the Trading key concepts section located on the right navigation menu.
Chart Time Frame
1 H chart
Indicators that identify a new trend
MA Crossover Indicators Strategy
Trading Indicators which confirm the trend
RSI indicator
STOCHASTIC OSCILLATOR technical indicator
Long Entry - Buy Signal
1. Both MA(moving averages) pointing up
2. RSI above 50
3. Both stochastics going up
Short Entry - Sell Signal
1. Both MA pointing down
2. RSI below 50
3. Both stochastics going down
Exit Signal
1. Moving Average Technical Indicator gives opposite signal
2. RSI gives opposite signal
Risk Management in XAUUSD Trading
Stop Loss - 35 pips
Take Profit Order - 70 pips
Reward to Risk 2:1
Best MT4 Templates Systems
The Gann Swing Oscillator is meant to be used in combination with the Gann HiLo Activator and Gann Trend to form a complete strategy commonly referred to as the - 'New Gann Swing Chartist Plan'. Within this methodology the Gann Swing Oscillator is used to help determine market swings for trading only within the current market trend is shown by the Gann Trend.
Below is the examples of New Gann Swing Chartist Plan
The Gann Chartist Plan - Systems - MT4 Template System
What's a Trading Plan? - Writing Plan Example Template
Alternatives: Automated Robots EAs or Copy Paste Signals
