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

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

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

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

Examples of 1H Swing Strategy below:

Writing Forex Rules of a 1 Hour Swing System - Swing Trading H1 Chart - Swing Trading Using the 1 Hour Chart

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

Step 1:

Select Your Chart Time-Frame - 1H Chart

Step 2:

Choose Forex Indicators which Identify a New Trend - Moving Average Crossover Forex System.

Step 3:

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

Step 4:

Define Entry & Exit Points

Buy Entry - Buy Signal

1. Both Moving Average indicators pointing up
2. RSI indicator above 50
3. Stochastic indicator heading upwards

Sell Entry - Sell Signal

1. Both MA indicators pointing down
2. RSI indicator below 50
3. Stochastic indicator heading downwards

Exit Signal

1. MA indicators generates opposite signal
2. RSI indicator gives opposite signal

Step 5:

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

Step 6:

Write Down the 1 Hour Swing Strategy Rules

Step 7:

Test the 1 H Swing System on a trading practice account

After using these step by step tutorial you can create written 1H Swing System Rules as shown and illustrated below.

Writing 1H Swing System Forex Rules

Example of How to Write 1 Hour Swing Strategy Rules

This 1H Swing Strategy produces the signals as illustrated below. Using these forex system rules - traders can determine when to enter and exit trade transactions.

1 Hour Swing System - 1 H Chart Trend Following System - Swing Trading Using the 1 Hour Chart

We have finished writing the fx rules, if you are researching on how to create the best 1H Forex system - this learning system guide - you can also include the 1 Hour Swing Strategy Rules in your Forex Plan.

1 Hour Swing System - 1 H Chart Trend Following System - 1H Candle Breakout Strategy