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

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

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

The keyword is a SET OF Forex RULES which you must follow when trading. If you do not follow the rules of your forex trading strategy then you don't have a Forex Strategy. Forex strategies must have rules which are written down within your trading plan.

Examples of 1 Hour Day Trading Strategy below:

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

You can create above 1 Hour Day Trading Strategy using the steps below:

Step 1:

Choose Your Forex Chart Time-frame - 1 H Chart

Step 2:

Choose Forex Technical Indicators that Identify a New Trend - Moving Average Crossover Forex Strategy.

Step 3:

Choose Forex Indicators that Confirm the Trend - RSI Indicator, Stochastic Indicator

Step 4:

Define Entry & Exit Points

Buy Entry - Buy Forex Signal

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

Sell Entry - Sell Forex Signal

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

Exit Forex Signal

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

Step 5:

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

Step 6:

Write Down the 1 H Day Trading Strategy Rules

Step 7:

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

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

Writing 1 Hour Day Trading Strategy Forex Rules

Example of How to Write 1 Hour Day Trading Strategy Rules

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

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

We have completed writing the forex rules, if you're researching on how to create the best 1 H Forex strategy - this learn forex trading strategy guide is a good guide - you can also include the 1 H Day Trading Strategy Rules in your Forex Plan.

1 H Day Strategy - Day Trading Using 1 Hour Chart