AUDUSD Forex System - What is the Best AUDUSD Forex Trading System?

AUDUSD Forex Trading System Rules: AUDUSD Strategy

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

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

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

AUDUSD Forex Trading system below:

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

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

Step 1:

Choose your Time Frame - 1 hour AUDUSD chart

Step 2:

Choose Technical Indicators which spot a new trend on AUDUSD chart - Moving Average Crossover System.

Step 3:

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

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 trading trade - 20 pips

Step 6:

Write down the AUDUSD Forex trading system rules

Step 7:

Test the AUDUSD system on a practice practice account

After using these steps we come up with the written AUDUSD Forex trading system rules below.

Writing AUDUSD Trading System Forex Rules

Example of How to Write AUDUSD Forex Trading System Rules

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

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

We have completed writing the rules of our AUDUSD forex trading system, if you are researching on how to create the best Forex system, this guide is a good start to guide you on how to do just that. This is one part of a the AUDUSD Forex trading plan and the next tutorial is how do you create a complete writing the AUDUSD Forex trading plan?