1H Swing Strategy Rules - Swing Trading Using the 1H Chart
To create a 1H Swing Trading Strategy that generates the signals on the Hour Chart shown below - Swing Trade H1 Chart - Swing Trade Using 1 Hour Chart. We shall use 1H chart to write the rules of this forex strategy - H1 Swing Strategy.
This 1 Hour Swing Strategy refers to a set of written and noted down trading rules that you as a forex swing trader follows so as to manage your trades on the 1 Hour Charts. These strategy rules must be written and noted down so as to guide you. This learn forex strategy tutorial guide will explain how to write rules of your forex strategy.
The key-word is SET OF RULES which you as a trader must follow when trading. If you don't follow the rules of your strategy then you don't have a Forex Strategy. Strategies must have rules that are written within your trading plan.
Examples of H1 Swing Strategy below:
Writing Rules of a 1 Hour Swing Strategy - Swing H1 Chart - Swing Trade Using 1 Hour Chart
You can create above 1 Hour Swing Strategy using the steps shown below:
Step 1:
Choose & Select Your Forex Chart Time Frame - 1 Hour Chart
Step 2:
Choose FX Indicators which spot a New Market Trend - MA Crossover Forex Strategy.
Step 3:
Choose Forex Indicators which Confirm the Market Trend - RSI, Stochastic Technical Indicator
Step 4:
Define Entry and Exit Points
Buy Entry - Buy Signal
- Both MAs pointing up
- RSI above 50
- Stochastic oscillator trading heading up
Sell Entry - Sell Signal
- Both MAs Moving Averages pointing down
- RSI below 50
- Stochastic oscillator trading heading down
Exit FX Signal
- MAs Moving Averages indicators generates in the opposite market trend signal
- RSI gives in the opposite trend signal
Step 5:
Calculating risks in each trade - Choose/Select the number of Pips to set for forex stop loss order for your open trades
Step 6:
Step 7:
Test the 1 Hour Swing Strategy on a practice trading account
After using these step-by-step lesson you as a trader can come up with the written 1H Swing Strategy Trade Rules as shown below.
Writing 1 Hour Swing Strategy Trade Rules
Example of How to Write H1 Swing Strategy Trade Rules
This 1 H Swing Strategy produces the signals like as shown below. Using these forex strategy trading rules - traders can determine when to enter & exit trades.
1 Hour Swing Strategy - Swing Trade Using 1 Hour Chart
We have finished writing the forex rules, if you're researching on how to create the best 1H strategy - this studying strategy guide is a good lesson - you also can include the 1 Hour Swing Strategy Rules in your Forex Plan.
1 Hour Swing Strategy - 1 Hour Chart Trend Following Trading Strategy - 1H Candle Break-out Strategy
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