1 Hour Day Trading System Rules - Day Trading Using 1 H Chart

To create a 1 Hour Day Trading System 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 chart to write the rules of this forex system - 1 H Day Trading System.

This H1 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 H Charts. These forex trading system rules must be written down so that to tutorial you. This learn forex trading system lesson will explain how to write down trading rules of your trading system.

The key-word is a SET OF RULES which you must follow when trading. If you don't follow the rules of your trading system then you don't have a Forex System. Systems must have rules that are written within your trading plan.

Examples of 1 Hour Day Trading System below:

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

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

Step 1:

Select Your Chart Time Frame - 1 Hour Chart

Step 2:

Choose FX Indicators that Identify a New Trend - MA Crossover Forex System.

Step 3:

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

Step 4:

Define Entry and Exit Points

Buy Entry - Buy Signal

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

Sell Entry - Sell Signal

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

Exit FX Signal

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

Step 5:

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

Step 6:

Write Down the 1 Hour Day Trading System Rules

Step 7:

Test the 1 H Day System on a practice forex practice account

After using these step by step tutorial you can come up with the written H1 Day Trading System Rules as illustrated below.

Writing 1 H Day Trading System 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 Chart Day System - Day Trading Using 1 H Chart

We have finished writing the forex rules, if you're researching on how to create the best 1 H system - this learn forex trading system tutorial is a good tutorial - you can also include the 1 Hour Day Trading System Rules in your FX Plan.

1 H Day System - 1H Chart Day Trading System