Forex Rules of Day Trading 1H Chart Timeframe - Day Trading Using 1 H Chart

To create a 1 Hour Day Trading System that generates the forex trading signals on the H 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 system - 1 H Day Trading System.

This 1 H Day Trading System 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 system rules must be written down so that to tutorial you. This learn forex trading system guide will explain how to write down the rules of your trading system.

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

Examples of 1 Hour Day Trading System below:

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

You can create above 1 Hour Day Trading System 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 System.

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 Average technical indicators pointing up
2. RSI technical indicator above 50
3. Stochastic oscillator indicator heading up

Sell Entry - Sell Forex Signal

1. Both Moving Average technical indicators pointing down
2. RSI technical indicator below 50
3. Stochastic oscillator indicator heading down

Exit Trading Signal

1. Moving Average indicators gives opposite forex trade signal
2. RSI indicator gives opposite forex trade 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 System Rules

Step 7:

Test the 1 Hour Day Trading System 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 System Rules as shown below.

Writing 1 Hour Day Trading System Forex Rules

Example of How to Write 1 Hour Day Trading System Rules

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

1 H Day System - 1 H Chart Day Trading System

We have completed writing the forex rules, if you are researching on how to create the best 1 Hour Forex system - this learn forex trading system guide - you can also include the 1 Hour Day Trading System Rules in your Forex Plan.

1 H Day System - 1 H Chart Day System - Day Trading 1 H Chart