Best MetaTrader 4 Templates Gold 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 same time making sure you do not to get faked out/whipsaws. The real trick is, once you've 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 on a live xauusd trading account, you've to figure out what xauusd strategy works for you. It is good to know in what xauusd chart timeframe 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 & 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 Gold system:
- Find entry points as early as possible.
- Find exit points securing maximum gains.
- Avoid fake entry and exit signals.
- Proper XAUUSD Money Management Guidelines
Accomplishing these four goals will result in a profitable 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 gold chart candle closes & would enter as soon as their xauusd indicators match up. But most xauusd traders would wait until the xauusd chart candlestick of the chart timeframe 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 web-site 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 & Stochastic.
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 learn trading lessons 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 xauusd market. However, this learn xauusd website will explain how a beginner 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 – & not rely on other peoples efforts.
In the next xauusd lesson located at the sidebar navigation learn trading lessons 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 gold account before using it on a live gold trading account.
Best MT4 Templates XAUUSD Systems
Gold 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.
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 get generated when the 2 averages cross above or below each other.
XAUUSD System Trading Example – Short & Long signal Generated by XAUUSD System
A buy 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 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).
Best MetaTrader 4 Templates Gold Systems
Stochastic Oscillator xauusd indicator can be combined with other XAUUSD indicators to form a xauusd system.
- RSI gold technical trading indicator
- MACD gold technical trading indicator
- Moving Averages gold technical trading indicators
Trading Systems XAUUSD Trading Example - Best 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:
- Both Moving Averages are heading down
- RSI is below 50
- Stochastic heading downwards
- 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 gold trade signal in 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 Gold Trading Technical Indicator - xauusd trend following indicator
- MACD - xauusd trend following oscillator
Based on the xauusd chart timeframe used - this strategy can be used as XAUUSD Trading scalping system when the minute charts are used or as a XAUUSD Trading day xauusd system when hourly 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.
XAUUSD Chart Time Frame
1 hour xauusd chart
Technical Indicators that identify a new xauusd trend
Moving Average Crossover Technical Indicators Strategy
Indicators that confirm the xauusd 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 Moving Average pointing down
2. RSI below 50
3. Both stochastics going down
Exit Signal
1. Moving Average Indicator gives opposite signal
2. RSI gives opposite signal
Risk Management in XAUUSD Trading
Stop loss- 35 pips
Take Profit XAUUSD Order - 70 pips
Reward to Risk 2:1
Best MT4 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 New Gann Swing Chartist Plan
The Gann Chartist Plan - XAUUSD Systems - MetaTrader 4 Template XAUUSD System
