NZDUSD System - What is the Best NZDUSD System?

NZDUSD System Rules: NZDUSD Strategy

To develop a written NZDUSD trading system that generates the NZDUSD buy and sell trade signals shown below using the 1 hour NZDUSD chart.

This NZDUSD trading system refers to written set of rules that you follow to manage your NZDUSD trades. These NZDUSD trading rules must be written down so as to guide you are trading the NZDUSD currency pair. The following NZDUSD system tutorial will show you how to writedown the rules of your NZDUSD 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 trading system when trading the NZDUSD currency pair. This NZDUSD trading system must have rules which are written down within your NZDUSD plan.

NZDUSD Trading system below:

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

You can create the above NZDUSD system using the steps below:

Step 1:

Choose your Time Frame - 1 hour NZDUSD chart

Step 2:

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

Step 3:

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

Step 4:

Finding entry & exit points

Buy NZDUSD Signal

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

Sell NZDUSD Signal

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

Exit

1. Moving Average gives opposite signal
2. RSI gives opposite signal

Step 5:

Calculating risks in each NZDUSD trade - 20 pips

Step 6:

Write down the NZDUSD trading system rules

Step 7:

Test the NZDUSD system on a practice account

After using the steps we create a written NZDUSD system rules below.

Writing NZDUSD System Forex Rules

Example of How to Write NZDUSD System Rules

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

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

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