Two Methods Which are Most Frequently Used
For this methods guide we shall look at two methods that are most frequent used to trade
- XAUUSD Strategies and Systems
- XAU/USD News Method
XAUUSD Strategies - XAUUSD methods
Xauusd strategies like the ones on the xauusd gold 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 Band Strategies Methods
As a trader you might want to combine these strategies to form a good trading method. A method can also be known as a system.
For Example as a trader you may want to combine the following indicators, based on the trade strategies methods of these indicators to form a method.
RSI
MA Crossover System
Stochastic Trading Indicator
By combining the above indicators you as a Gold trader can now come up with the following method
XAUUSD Method
To generate trading signals to trade with, a gold 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 Trade Signal
- Both Moving averages heading up
- RSI above 50
- Both Stochastics heading up
Sell Signal
- Both Moving averages heading down
- RSI below 50
- Both Stochastics heading down
Exit Signal
- Moving Averages give an in the opposite trend signal
- RSI provides an in the opposite trend signal
As a trader you as a gold trader can use above xauusd method to trade any chart & generate signals which you as a gold trader can trade with.
Get More Lessons:
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