Two Methods That are Most Commonly Used
For this methods tutorial we shall look at two methods that are most commonly used to trade trading
- XAUUSD Strategies & Systems
- XAUUSD News Method
XAUUSD Strategies - XAUUSD methods
Xauusd strategies like the ones on the xauusd strategies section of this web site are all based on gold technical indicators. These strategies all show different methods that a trader can use to trade xauusd.
For example the main strategies are
Bollinger Bands Strategies Methods
As a trader you might want to combine these strategies to form a good method. A method can also be referred to as a system.
For Example as a trader you may want to combine the following indicators, based on the strategies methods of these indicators to form a method.
RSI
MA Crossover System
Stochastic Indicator
By combining the above technical indicators you can now create the following method
XAUUSD Method
To generate signals to trade with, a trader should create simple rules which define the method and specifies how signals are generated.
For the above method to generate a trading signal then following rules are used:
Buy Signal
- Both Moving averages heading up
- RSI above 50
- Both Stochastics moving up
Sell Signal
- Both Moving averages heading down
- RSI below 50
- Both Stochastics moving down
Exit Signal
- Moving Averages give an opposite signal
- RSI gives an opposite signal
As a trader you can use above xauusd method to trade any chart & generate signals that you can trade with.
