Gold Trade Pro – Gold Trading System

This is a simple gold trading system that provides about 2 or 3 trade signals a week but with a very low 37% failure rate. In the first 3 months of 2009, despite the financial turmoil and market uncertainty, we only had 11 losses out of 33 trades and made 1,460 pips clear profit. High pip profits are not necessary if we have a high success rate. With the confidence this system brings in selecting profitable trades, we can trade more per pip quite safely.

Signals are completely unambiguous and we have a conservative 100 pip take profit and a 50 pip stop loss. One pip equals a 10 cent move on the price of gold. Either spot gold or gold futures can be traded with any broker you choose but the signals are provided by the Gold Trade Pro custom indicator run within a free demo MetaTrader as shown in the screenshots. This means that you create the signals on your own computer and are not dependent on me at all.

Gold trade Pro is an extremely safe form of trading. For the first 7 months of 2009, we only had 14 losses in 64 trades.

The signals are clear and unambiguous – a green arrow we buy, a red arrow we sell – so long as the Trade Confirmation line is the same colour. Nothing could be simpler. The TCCI is not used unless conditions are difficult. Most systems try to impress you with numerous indicators but, frankly, this is just BS – after all, they could combine them into fewer indicator like we have done here to give simple buy and sell signals. However, the more indicators they give you, the easier it is to charge more and make it look impressive!

For those who prefer more action, it is possible to trade off the 30 minute chart in exactly the same way (minus the Trade Confirmation indicator) but with a reduced 30 tick stop and limit. There will always be several trades a day but the success rate varies with the conditions so it is less reliable than using the 4 hour charts but can often be very profitable.