Best MetaTrader 4 Templates Example Systems
When developing 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 have created a system which works for you, stick to it. Being disciplined will help you a lot in becoming successful in xauusd.
Before XAUUSD on a real account, you've to figure-out what strategy works for you. It's good to know in what chart time-frame you are going to be working in, and how much you are willing to risk once you start xauusd online. All these should be factored in, & should be written down within your xauusd trading plan. A nice place to test this plan would be on 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 develop a good xauusd strategy the first thing to do is to define your objective or goal:
The following example illustrates a goal & 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 often 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
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 Equity 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 candlestick closes and would enter as soon as their technical indicators match up. But many traders would wait until the chart candle of the trading chart time frame they're using has closed, to have more stable signal when entering the market.
To get profits out of market you as a trader need to create 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 which work, this web site provides you as a trader with all the tools required to help you & guide you on how to create your own systems.
Below is an example of a trading system depending on RSI, MACD and 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 and 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 lesson (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 7 easy guide-lines. The best strategy is the one you create yourself and learn how to trade the market with it.
Main advantage of developing your own free systems is that you will know how to make profits by yourself - and not rely on other peoples efforts.
In the next tutorial located at the side bar navigation learn tutorials menu below the xauusd key concepts will show to you how to create a system like that one above, write it's gold rules & how to back-test the system on a practice practice trade account before using it on live account.
Best MetaTrader 4 Templates Systems
XAUUSD Strategy
The moving average indicator cross over method uses two moving averages to generate signals. First Moving average uses a shorter period and 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 Moving Averages 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 MT4 Templates Example Systems
Stochastic Oscillator technical indicator can be combined with other indicators to form a trading system.
- RSI indicator
- MACD
- MAs indicators
Trading Strategies Example - Best MetaTrader 4 Templates Example Systems
Short Signal or Sell Signal
How the short sell Gold 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 downward below centerline
Short signal was generated when all the written rules were met. Exit signal is generated when a trading 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 and avoid as many whip-saws as possible in process.
- Stochastic - xauusd momentum oscillator
- RSI - gold 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 illustrated 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
Indicators which confirm the market trend
RSI
STOCHASTIC OSCILLATOR indicator
Long Entry - Buy Signal
1. Both Moving Average(moving averages) moving upward
2. RSI above 50
3. Both stochastics oscillators heading up
Short Entry - Sell Signal
1. Both Moving Average pointing down
2. RSI below 50
3. Both stochastics oscillators heading down
Exit Signal
1. MA Indicator gives opposite signal
2. RSI generates opposite signal
Risk Management in Gold 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 Gann Trend.
Below is the examples of New Gann Swing Chartist Plan
The Gann Chartist Plan - Systems - MT4 Template System
