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Best MetaTrader 4 Templates XAUUSD Systems

When creating your own xauusd trading system, there are a few things to keep in mind. Your xauusd strategy needs to be able to spot new XAUUSD Trading market trends, while at the same time making sure you do not to get faked out/whipsaws. The real trick is, once you have created a xauusd trading system that works for you, stick to it. Being disciplined will help you a lot in becoming successful in xauusd.


Before trading XAUUSD Trading on a live xauusd trading account, you have to figure out what xauusd strategy works for you. It is good to know in what xauusd chart time frame you are going to be working in, and how much you are willing to risk once you begin xauusd online. All these factors should be factored in, and should be written down within your xauusd trading plan. A good place to test this xauusd plan would be on a free demo practice account. This is where you test your xauusd strategies risk free without investing money to determine which xauusd strategy is best suited for you.


So, now how can a XAUUSD trader like you come up with a "good xauusd system" or the "best xauusd trading 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 rules of how to achieve that goal

XAUUSD System Goals


1.Identify a new xauusd trend


Moving average crossover method xauusd strategy is the most commonly used strategy to identify a new gold trend. The time to open a long or short trade is determined when two moving averages indicators cross over or cross under each other.


2.Confirm the new xauusd trend


Relative Strength Index(RSI) Gold Indicator and Stochastic Oscillator XAUUSD Indicator are the most commonly used xauusd indicators to confirm a XAUUSD trend.


Indicator based XAUUSD System


The best type of a xauusd method is one that is indicator-based. You will find it straightforward to generate the xauusd signals and thus less error-prone on your part and this will help you to avoid xauusd market whipsaws.


There are several things we want to achieve when creating a xauusd system:


  1. Find entry points as early as possible.

  2. Find exit points securing maximum gains.

  3. Avoid fake entry and exit signals.

  4. Proper Gold Money Management Guidelines

Accomplishing these four goals will result in aprofitable xauusd trading strategy that works.


The last piece of information needed, is deciding how aggressive you are going to be when entering and exiting a trade. Those xauusd traders who are more aggressive wouldn't wait until the gold chart candlestick closes and would enter as soon as their xauusd indicators match up. But most xauusd traders would wait until the xauusd chart candlestick of the chart time frame they are using has closed, to have more stability when entering a the gold market.


To get profits out of the xauusd market you need to build your own profitable xauusd system; a trading method that will generate profitable xauusd signals. You need to have your own xauusd strategy that will help you achieve your financial goals. Sometimes the best xauusd trading systems are the ones that you build on your own. No need to keep searching online for the best xauusd trading systems or for xauusd trading systems that work, this website provides you with all the xauusd tools required to help you and guide you on how to come up with your own xauusd trading systems.


Below is an example of a XAUUSD trade system based on RSI, MACD and Stochastic.

Best MetaTrader 4 Templates XAUUSD Systems

XAUUSD System - Best MetaTrader 4 Templates XAUUSD Systems


The xauusd system example above is comprised of four xauusd technical indicators in total, all of these generate XAUUSD trade signals using different methods, the moving average will generate xauusd signals using the moving average crossover method shown, the RSI indicator, Stochastic indicator and MACD indicator use different technical analysis to generate the long and short signals as shown in the above example. How to generate these XAUUSD Trading signals is discussed in the next topic (on the sidebar navigation menu under key concepts).


For beginner gold traders, it is difficult for them to create their own xauusd trading strategies since they do not have much knowledge about the gold market. However, this learn xauusd website will explain how a beginner xauusd trader can create their own free xauusd trading system in just seven easy steps. The best strategy is the one you come up with yourself and learn how to trade the xauusd market with it.


The main advantage of creating your own free xauusd trading systems is that you will know how to make profits by yourself - and not rely on other peoples efforts.


In the next xauusd lesson located at the sidebar navigation menu below the xauusd key concepts will show you how to create a xauusd system like the one above, write it's xauusd rules and how to back test the xauusd system on a practice demo xauusd account before using it on a live gold trading account.


Best MetaTrader 4 Templates XAUUSD Systems


XAUUSD Strategy

The moving average indicator cross over method uses two moving averages to generate XAUUSD Trading signals. The first Moving average uses a shorter period and the second is a longer period.

MetaTrader 4 Templates XAUUSD Systems

Moving Average Crossover Method - Moving Average Crossover XAUUSD Strategy



This above xauusd method is referred to as the moving average crossover method because xauusd signals are generated when the two averages cross above or below each other.

MetaTrader 4 Templates XAUUSD Systems

XAUUSD System Trading Example - Short and Long signal Generated by XAUUSD System



A buy xauusd signal or going long trade is generated when the shorter moving average indicator crosses above the longer moving average indicator (Both Moving Averages Going Up).


A sell xauusd signal or a going short trade is generated when the shorter average indicator crosses below the longer moving average indicator (Both Moving Averages Going Down).


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Best MetaTrader 4 Templates XAUUSD Systems



Stochastic Oscillator xauusd indicator can be combined with other XAUUSD indicators to form a xauusd system.

  • RSI xauusd indicator

  • MACD xauusd indicator

  • Moving Averages xauusd indicators


Trading Systems XAUUSD Trading Example - Best MetaTrader 4 Templates XAUUSD Systems


MetaTrader 4 Templates XAUUSD Systems

Short Signal or Sell XAUUSD Signal



How the short sell xauusd signal was generated


From our xauusd rules the short signal is generated when:

  1. Both Moving Averages are heading down

  2. RSI is below 50

  3. Stochastic heading downwards

  4. MACD heading downwards below center-line


The short signal was generated when all the written xauusd rules were met. The exit signal is generated when a xauusd signal in the opposite direction is generated.


The good thing about using such a xauusd method is that we are using different types of xauusd technical indicators to confirm the xauusd signals and avoid as many xauusd whipsaws as possible in the process.



  • Stochastic - xauusd momentum oscillator indicator

  • RSI - xauusd momentum oscillator indicator

  • Moving Averages - xauusd trend following indicator

  • MACD - xauusd trend following oscillator


Based on the xauusd chart time frame used - this strategy can be used as XAUUSD Trading scalping system when the minute xauusd charts are used or as a XAUUSD Trading day xauusd system when hourly xauusd charts are used.


Example 3: Trading System XAUUSD Trading Example


This xauusd system is fully explained within the xauusd trading plan on the xauusd trading plan tutorial on this learn xauusd website under the XAUUSD Trading key concepts section located on the right navigation menu.

Gold Chart Time frame

1 hour xauusd chart



Indicators that identify a new xauusd trend

Moving Average Crossover Indicators Strategy

Indicators that confirm the xauusd trend

RSI indicator

STOCHASTIC OSCILLATOR indicator



Long Entry

1. Both MA(moving averages) pointing up

2. RSI above 50

3. Both stochastics going up



Short Entry

1. Both MA pointing down

2. RSI below 50

3. Both stochastics going down



Exit

1. MA Indicator gives opposite signal

2. RSI gives opposite signal



Risk Management

Stop loss- 35 pips

Take Profit XAUUSD Order - 70 pips


Reward to Risk 2:1



Best MetaTrader 4 Templates XAUUSD Systems

The Gann Swing Oscillator is meant to be used in combination with the Gann HiLo Activator and Gann Trend to form a complete XAUUSD Trading strategy commonly referred to as the - "New Gann Swing Chartist Plan". Within this methodology the Gann Swing Oscillator is used to help determine xauusd market swings for trading only within the current market xauusd trend is shown by the Gann Trend.


Below is the example of the New Gann Swing Chartist Plan

Best MetaTrader 4 Templates XAUUSD Systems

The Gann Chartist Plan - XAUUSD Systems - MetaTrader 4 Template XAUUSD System

 

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