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.

The Audible Alert

 We trade off the 4 hour chart meaning that this requires very little monitoring, particularly as it has an audible alarm to warn you of impending trades. In this recent screen shot, you can see we had 4 trades in 8 trading days, 3 of which were successful. The fourth signal was a No Trade because the Trade Confirmation line was not the same colour as the trade arrow. If you want to use a trailing stop, gains of several hundreds pips are possible.

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    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. 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.

This is the 30 minute chart showing five good trades in one day.

    Although it looks identical, this indicator is quite different from the one I use in my Oil Trading system and is designed for gold. The system comes with a very comprehensive guide to it's use and to trading in general, with chapters on all aspects of trading from setting up a trading account and money management to trading psychology. For anyone who doesn't want the stress of trading Forex, glued to the screen all day, this is the perfect solution. Updates and help given within the Members Area on a regular basis and usually during each trade.

    No hype, no pages of testimonials, no inflated price - just a genuine system that really does work and for the sensible price of $149.00.

Monday 20th -recent trades.