1 Hour Chart Strategy - 1 H Example Strategy
1 Hour Time-frame Strategy - H1 Time Frame Trading
An example of 1 H Simple System - that's a combination of:
- MA Cross over Strategy
- RSI
- MACD
1 H Example Strategy Rules are:
1 H Chart Strategy - 1 Hour Chart Strategies
Forex Rules: 1 Hour Time-frame Strategy - H1 Simple System
Buy Signal is Generated when: - 1 H Time Frame Strategy
- Both moving averages moving up
- RSI value is above 50
- MACD above center line
Sell Signal is Generated when: - 1 H Time Frame Strategy - 1 H Indicators
- Both moving averages moving down
- RSI value is below 50
- MACD below center line
1 H Time Frame Strategy - H1 Timeframe Trading - 1 Hour Indicators
Exit Signal - 1 Hour Chart Strategy
Exit signal is generated when MAs, RSI & MACD give a signal in the opposite direction.
The chart time frame to use is 1 Hour chart time-frame.
For a beginner trader wanting to come up with a 1 Hour Chart Strategy the above written rules will give a good example template of a 1 Hour Chart Strategy that can be used to generate buy and sell signals - H1 Chart Strategies - H1 Example Strategy - H1 Time Frame Strategy - H1 Timeframe Trading - 1 Hour Simple System.
Back Testing - 1 Hour Chart Strategy - 1 H Chart
Generating Signals with this 1 Hour system is the best technique that a beginner can attempt to determine the market trend & with a little back-testing on practice trading account so as to test this 1 H Strategy
The best way to back test a strategy is by following these 2 steps:
- Forex Paper Trade your H1 Simple System
- Demo Trade your 1 Hour Simple System
A good tool to use to backtest your 1 Hour Simple System is known as the MT4 Step by Step Tool. Found on MetaTrader 4 charts tool-bar of MT4 software, If you want to find the chart tool bar in MT4 software it is at the top of MT4 software. If it is not: Click View (next to file, top left corner of MetaTrader 4)>>> Tool Bar >>> Charts. Then click Customize button key >>> Choose Step-by-Step >>> Click Insert >>> Close.
MT4 1 Hour Chart Tool Bars - How to Trade 1 Hour Chart for Beginners
MT4 Step by Step Button for 1 Hour Chart Strategy - 1 H Chart Strategy - 1 H Chart Strategies
Once you get this MetaTrader 4 tool you can move your 1 Hour chart backwards, & use this MT4 step by step button to move the 1 Hour chart step-by-step while at the same time testing out when your 1 Hour simple system would have generated either a buy or sell signals, & where you would have exited the trades, then write-down the amount of profit/loss per trade transactions made using the 1 Hour Chart Strategies & out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the 1 Hour Chart strategy.
If your 1 H strategy is profitable on paper trading method then, its time to demo Forex trade and test if the 1 Hour Chart Strategy is profitable on the real market as it's on paper method. This is the process of back testing the H1 Chart Strategy.
Maintain a Journal to keep record of profitable trades, & determine why these trades were profitable. And also maintain journal of all losing trades, determine why these trades made a loss and the avoid making these same mistakes the next time you trade using your H1 Chart Strategies.
Tweak your forex system until you get a good risk: reward ratio, with signals that you generate. Aim for a good risk: reward of 3:1 & use fx equity management guidelines and read the tutorial about: Risk : Reward Ratio - 1 Hour Chart Strategy - 1 H Example Strategy.
1 H Chart Strategy - 1 Hour Chart Strategies
