Two Methods That are Most Commonly Used
For this methods tutorial we shall look at two methods that are most commonly used to trade
- 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 known as a trading system.
For Example as a trader you may want to combine the following indicators, based on the trade strategies methods of these technical indicators to form a method.
RSI
MA Crossover System
Stochastic Technical Indicator
By combining the above technical indicators you can now create 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 Trading Signal
- Both Moving averages heading down
- RSI below 50
- Both Stochastics heading 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 which you can trade with.
Get More Lessons:
- What's SGDJPY Spreads?
- MetaTrader 4 Terminal Trade FX Platform Tutorial
- How Do You Analyze a Downwards XAU/USD Trend on a XAUUSD Chart?
- Indicator for McClellan Histogram Technical Indicator
- RSI Classic Bullish Trade Divergence & RSI Classic Bearish Trade Divergence Setup
- Software MT4 Terminal Window
- XAGEUR System XAGEUR Strategy
