1 Hour Chart Strategy
1 Hour Timeframe Trading
Example of 1 H Indices Simple System - that's a combination of:
- MA Cross over Strategy
- RSI Indicator
- MACD
1 Hour Example Strategy Rules are:
1 Hour Chart Strategies - 1 H Example Strategy - H1 Time Frame Strategy Method
Indices Trading Rules: 1 Hour Time Frame Strategy - 1 Hour Indicators - 1 Hour Simple System
Buy Trading Signal is Generated when: - 1 H Indicators
- Both Moving Averages moving up
- RSI value is above 50
- MACD above center line
Sell Signal is Generated when: - 1 H Indicators
- Both MAs moving down
- RSI value is below 50
- MACD below center line
1 Hour Time Frame Strategy - 1 Hour Indicators - 1 Hour Simple System
Exit Signal - 1 Hour Chart Strategy Method
Exit signal gets generated when MAs, RSI and MACD give a signal in opposite trend direction.
The chart timeframe to use is 1 Hour chart timeframe.
For a beginner trader wanting to come up with a 1 Hour Chart Strategy the above written rules will give a good example template of a 1 Hour Chart Strategy that can be used to generate buy and sell signals - 1 Hour Chart Strategies - 1 H Example Strategy - H1 Time Frame Strategy - 1 Hour Simple System.
Back Testing - 1 Hour Chart Strategy - 1 H Chart Strategies
Generating Signals with this 1 Hour stock system is the best technique that a beginner can attempt to determine the market trend & with a little back-testing on practice trading account so as to test this 1 Hour System
Best way to backtest a strategy is by following these two steps:
- Indices Paper Trade your 1 H Indices Simple System
- Stock Demo Trade your 1 H Indices Simple System
A good tool to use to back-test your 1 Hour Simple System is known as the MT4 Indices Step-by-Step Tool. Found on the MT4 charts tool-bar of MetaTrader 4 software, If you want to find the chart tool bar in MetaTrader 4 software it is at the top of the MetaTrader 4 software. If it's not: Click View (next to file, top-left corner of MetaTrader 4)>>> Tool-Bar >>> Charts. Then click Customize button >>> Choose Indices Step-by-Step >>> Click Insert >>> Close.
MetaTrader 4 1 Hour Chart Tool Bars - How to Trade 1 Hour Chart for New Traders
MetaTrader 4 Indices Trading Step by Step Button for 1 Hour Chart Strategy - 1 H Chart Strategy - 1 Hour Chart Strategies Methods
Once you get this MetaTrader 4 tool you can move your 1 Hour chart backwards, & use this MetaTrader 4 indices trading step by step button to move the 1 Hour chart indices trading step-by-step while at the same time testing out when your 1 Hour simple system would have generated either a buy or sell signals, & where you'd have exited the trades, then write down the amount of profit or loss per trade transactions made using the 1 Hour Chart Strategies and out of a sample number of trade transactions you would then calculate the overall profits and losses generated by the 1 Hour Chart strategy - 1 H Chart Strategy - 1 H Chart Strategies - 1 H Example Strategy Method.
If your 1 H indices strategy is profitable on paper then, it's time to demo trade and test if the 1 Hour Chart Strategy Method is profitable on the real market as it's on paper method. This is the process of back testing the 1 Hour Chart Strategy.
Maintain a Journal to keep record of profitable trades, and determine why these trades were profitable. And also maintain journal of all losing trades, determine why these trades made a loss and the avoid making these same mistakes the next time you trade using your H1 Chart Strategies.
Tweak your indices system until you get a good risk to reward ratio, with signals that you generate. Aim for a good risk: reward of 3:1 and use indices money management rules & read the tutorial about: Risk : Reward Ratio - 1 Hour Chart Strategy - 1 H Chart Strategies - 1 H Example Strategy.
1 Hour Chart Strategies - 1 H Example Strategy Method
