Best MetaTrader 4 Templates Example Systems
When creating your own trading system, there are a few things to keep in mind. Your strategy needs to be able to identify new Gold market trends, while at same time making sure you do not to get faked out/whipsaws. The real trick is, once you have developed a system which works for you, stick to it. Being disciplined will help you as a trader a lot in becoming successful in xauusd.
Before XAUUSD on a real account, you have to figure out what strategy works for you. It's good to know in what chart timeframe you are going to be working in, & 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 trading plan would be on free practice account. This is where you test out your trade strategies risk free without investing money to determine which trade strategy is best suited for you.
So, now how can a trader like you create a "good trade system" or "best system"?
To develop a good xauusd strategy the first thing to carry out is to define your objective or goal:
The following example illustrates a goal & explains the xauusd guide-lines of how to achieve that objective
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 as a trader to avoid market whipsaws.
There are several things we want to achieve when creating/developing a trading system:
- Find entry points as early as possible.
- Find exit points securing max gains.
- Avoid fake entry & exit trade signals.
- Proper XAUUSD Equity Management Guidelines
Accomplishing these 4 goals will result in a profitable strategy which 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 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 timeframe they are using has closed, to have more stable trading signal when entering the market.
To get profits out of market you as a trader need to come up with your own profitable system: a method that will generate profitable signals. You need to have your own trade strategy that will help you achieve your financial goals. Sometimes the best trading systems are the ones which you build on your own. No need to keep searching online for the best trading systems or for systems that work, this web site provides you as a trader with all the tools required to help you as a trader & guide you on how to create your own trading 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 various different strategies, the Moving Average will generate trading signals using the moving average crossover method shown, the RSI indicator, Stochastic indicator and MACD use different trading analysis to generate the long & short sell signals like as illustrated in the above exemplification. How to generate these signals is discussed in the next lesson (on the sidebar navigation learn lessons menu under key concepts).
For beginner traders, it is difficult for them to create their own xauusd gold strategies since they do not have a lot of knowledge and understanding 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 train/learn how to trade the online market with it.
Main advantage of developing your own free trading systems is that you'll 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 backtest the trade system on a practice practice trade account before using it on live account.
Best MT4 Templates Systems
XAUUSD Strategy
Moving average indicator cross-over trading strategy uses two MAs to generate signals. First Moving average uses a shorter period and the second is a longer period.
MA Crossover Technique - MA Cross-over Strategy
This above xauusd method is referred to as the moving average crossover method because signals get generated when the 2 averages cross above or below each other.
XAUUSD System Example - Short & Long signal Generated by System
A buy trade 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 derived & generated when shorter average indicator crosses below longer moving average indicator (Both MAs Moving Down).
Best MT4 Templates Example Systems
Stochastic Oscillator Indicator technical indicator can be combined with other technical indicators to make a trade system.
- RSI indicator
- MACD
- MAs Moving Averages technical indicators
Trading Strategies Example - Best MT4 Templates Example Systems
Short Signal or Sell Signal
How the short sell Gold signal was generated
From our xauusd guide-lines the short sell signal gets generated when:
- Both MAs Moving Averages are heading down
- RSI indicator is below 50
- Stochastic heading downwards
- MACD moving downward below centerline
Short sell signal was derived & generated when all the written rules were met. Exit signal is generated when a signal in the 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 trade signals & avoid as many whip-saws as possible in process.
- Stochastic - xauusd momentum oscillator technical indicator
- RSI - gold momentum oscillator
- Moving Averages Gold TradingIndicator - trend following trading indicator
- MACD - trend following oscillator
Based on the chart timeframe used - this strategy can be used as scalping trading system when the minute trading charts are used or as a XAUUSD day system when hourly trading charts are used.
Example 3: System Example
This trade 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 which 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) heading upwards
2. RSI value above 50
3. Both stochastics oscillators heading up
Short Entry - Sell Trade Signal
1. Both Moving Average pointing down
2. RSI is below 50
3. Both stochastic oscillators heading down
Exit Trade Signal
1. Moving Average gives in the opposite market trend signal
2. RSI generates in the opposite market trend signal
Funds 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 together with the Gann HiLo Activator and Gann Trend to form a complete trade strategy commonly known as the - 'New Gann Swing Chartist Trade Plan'. Within this technique/methodology the Gann Swing Oscillator is used to help determine market swings for trading only within ruling 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
Learn More Lessons & Courses:
- Trade FX EUR PLN Pip Calculator
- How Do You Add Symbol in MT4 Platform?
- What's Ultimate Oscillator Technical Indicator?
- Candlesticks Charts, Line Charts & Bar Charts
- How to Trade FX News Breakouts on Price Charts
- Trade Leverage 1:400 Described Using an Example
- Moving Averages Cross-over Method Analysis
- Index Trading Indicators for Stock Indices
