AUDUSD System - What is the Best AUDUSD System?

AUDUSD System Rules: AUDUSD Strategy

To come up with a written AUDUSD system that generates the AUDUSD buy & sell trade signals displayed below using the 1 hour AUDUSD chart.

This AUDUSD system refers to set of rules that you follow to manage your AUDUSD trades. These AUDUSD rules must be written down so as to guide you are trading the AUDUSD currency pair. The following AUDUSD system tutorial will show you how to write-down the rules of your AUDUSD system.

The key-word is SET OF RULES which you must follow. If you don't follow the rules then you don't have a system when trading the AUDUSD currency pair. This AUDUSD system must have rules which are written down within your AUDUSD plan.

AUDUSD system below:

Writing Rules of a AUDUSD System - 1 hour AUDUSD Chart Time frame Trading

You can come up with the above AUDUSD system using the steps below:

Step 1:

Choose your Time Frame - 1 hour AUDUSD chart

Step 2:

Choose Indicators which spot a new trend on AUDUSD chart - MA Crossover System.

Step 3:

Select Indicators which confirm the trend on AUDUSD chart - RSI, Stochastic Oscillator

Step 4:

Finding entry & exit points

Buy AUDUSD Signal

1. Both MA pointing up on AUDUSD chart
2. RSI above 50
3. Stochastic oscillator going up

Sell AUDUSD Signal

1. Both MA pointing down on AUDUSD chart
2. RSI below 50
3. Stochastic oscillator going down

Exit

1. MA gives opposite signal
2. RSI gives opposite signal

Step 5:

Calculating risks in each AUDUSD FX trade - 20 pips

Step 6:

Write down the AUDUSD system rules

Step 7:

Test the AUDUSD system on a practice practice account

After using these guide-lines we come up with the written AUDUSD system rules below.

Writing AUDUSD System Forex Rules

Example of How to Write AUDUSD System Rules

This AUDUSD system produces the AUDUSD buy and AUDUSD sell signals as illustrated below. Using these AUDUSD rules traders can determine when to open buy trades, when to open sell trades & when to close open trades.

Generate AUDUSD Buy and AUDUSD Sell Signal using Written AUDUSD System Rules

We have finished writing the rules of our AUDUSD system, if you're researching on how to create the best system, this tutorial is a good begin to tutorial you on how to do just that. This is one part of a the AUDUSD plan & the next tutorial is how do you create a complete writing the AUDUSD plan?