1 Hour Day Trading Strategy Rules - Day Trading Using the 1H Chart

To create a 1 Hour Day Trading Strategy that generates the signals on the Hour Chart shown below - Day Trading H1 Chart - Day Trading Using the 1 Hour Chart. We shall use 1H chart to write the rules of this forex strategy - 1 H Day Trading Strategy.

This 1H Day Trading Strategy refers to a set of written rules that you as a fx swing trader follows to manage your trades on the 1 Hour Charts. These strategy rules must be written so that to guide you. This learn forex strategy guide will explain how to write down rules of your forex strategy.

The key-word is SET OF RULES which you must follow when trading. If you do not follow the rules of your strategy then you do not have a Forex Strategy. Strategies must have rules that are written within your trading plan.

Examples of 1 Hour Day Trading Strategy below:

Writing Down Rules of a 1H Day Strategy - Day Trading H1 Chart - Day Trading Using 1 Hour Chart

You can create above H1 Day Trading Strategy using the steps below:

Step 1:

Select Your Chart Time-frame - 1 Hour Chart

Step 2:

Select Indicators that Identify a New Trend - Moving Average Crossover FX Strategy.

Step 3:

Select Indicators that Confirm the Trend - RSI, Stochastic Indicator

Step 4:

Define Entry & Exit Points

Buy Entry - Buy Signal

1. Both Moving Averages pointing up
2. RSI indicator above 50
3. Stochastic oscillator heading up

Sell Entry - Sell Signal

1. Both Moving Averages pointing down
2. RSI indicator below 50
3. Stochastic oscillator heading down

Exit Signal

1. Moving Averages indicators gives opposite signal
2. RSI indicator gives opposite signal

Step 5:

Calculating risks in each trade - Select the number of Pips to set for fx stop loss order for your open trade transactions

Step 6:

Write Down the 1 Hour Day Trading Strategy Rules

Step 7:

Test the 1H Day Trading Strategy on a practice practice account

After using these step by step guide you can come up with the written 1H Day Trading Strategy Rules as illustrated below.

Writing 1 Hour Day Trading Strategy Rules

Example of How to Write H1 Day Trading Strategy Rules

This 1 Hour Day Trading Strategy produces the signals as illustrated below. Using these forex strategy rules - traders can determine when to enter and exit trade transactions.

1 H Day Trading Strategy - 1 Hour Chart Day Trading Strategy

We have finished writing the rules, if you are researching on how to create the best H1 strategy - this learning strategy guide is a good guide - you can also include the 1 Hour Day Trading Strategy Rules in your FX Plan.

1 H Day Strategy - Day Trading Using 1 Hour Chart