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Forex Gold Trade is an excellent EA for trading Gold and Silver
About two weeks ago I wrote a review of Forex Gold Trader (FGT) however, it was limited to their customer support. Since I only use the product for a few days; I did not feel qualified to make a judgement of the product itself. I have been using the product for three weeks and I feel I am much better qualified to judge the product. First of all let me state that I am a retired IT professional specializing in enterprised databases development for a major database company.
FGT trades only two pairings, XAUUSD and XAGUSD, gold and silver. It is recommended to only trade these two pairing and no pairings. You populate arguments (properties) of the EA to reflex your preferences and situtation. I am not a US resident and use a broker that does not accept US residents so a few of my arguments would be different than US residents that are restricted from these brokers. My broker is Gallant Capital Markets located in the British Virgin Islands. The documentation explains how to set the arguments of the EA and you can contact FGT support for additional help. I found their support excellent.
Now how it works: (I trade both pairings, am only long and not short)
Once I installed the EA I was placed into two trades; one for each pairing. If the price goes up; I close the trade and take profits at a pre-determined point (set as an argument value) and then it enters another trade. If the price drops; it places a buy stop order at a pre-determined point. If the price continues to drop it places additional buy stop orders. This is done because at some point the price will turn and go back up. Based on the arguments you have set you should enough margin to cover drawdown plus its understood that gold and silver will not probably crash. Once the price turns up the stop buy orders are executed. So, you now have additional gold and silver trades. Once the take profit points are hit on the stop buy orders that were executed you exit that trade and it will executed the next stop buy order (if there are any left) taking profits on each of the stop buy orders as the price continues to climb. If the price retraces then it will place additional stop buy orders, expecting the price to turn up again. I don’t know about you I really like this strategy for gold and silver. I really like the fact that you are taking profits as the price increases (protecting your profits) and should the price drop temporarily you are prepared to get back into additional trades when the price turns back up. The most trades that I have been in at one time is 6 or 8; 4 to 6 gold and 1 or 2 silver.
Now as for the length of the trades: (this is not scapling)
Most trades are closed within 1 day with a few lasting much longer (one week or more). Check out the attached PDF first for a detailed report on their trades. Some may think at the developer’s sample account would be different that your real money account; if found my live account has pretty much the same results. I have hear of others having different results and this could be a factor of having different arguments set in the EA or much more likely a broker issue. Two very important arguments that I have set are: ENCBroker is True and FIFO is False. My broker is a Straight Through Broker and does not follow First In First Out rule.
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Conclussion: Forex Gold Trade is an excellent EA for trading Gold and Silver. – Donald Rapier, Costa Rica
Forex System – 100 Pips Before Breakfast
Why trade forex with Euro Smarter Robot?
Pro Trade Simulator – SCAM Alert!
Forex FOUR Seasons – THIS IS NOT A ROBOT!
The Forex4Seasons algorithm is based around 4 independent indicators, that were developed by us, based on a “4Seasons” ™ technology (described in more details below). Besides the fact that the algorithm uses 2 other, absolutely wonderful indicators, whose ideas we drew upon from communicating with our good old friend Harold Holz.
These indicators serve as filters to detect the most exact moment for closing positions. We’ve also utilized 2 built-in MetaTrader4 indicators, but their role was strictly technical.
Naturally, the main staple of our product is our new engineering design – the 4Seasons technology.
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“Forex 4 Seasons” gives, at best, 2-3 signals in any given 24-hour period. At times a signal may be received and the resulting trade could last for as long as 3 or 4 or even 5 days. Such trades are the most profitable ones, since the price could cross over upwards of 100-300 pips. An average duration of a trade is 2days, therefore, on average, “Forex 4 Seasons” gives 1 signal every 2 days.
Forex 4 Seasons + Forex Trailingator = Very profitable trade!
Forex Hybrid Pips: $1,171,095 in a single year…
Vladimir’s Forex Signals Service is on a league of its own
Forex Candle King – candlestick trading system
Forex Cash Magnet – $1000 a day on auto pilot!
Forex Cash Magnet is the ONLY robot that was developed and fine tuned to work with the Currency Market and make YOU an account Full of Money!
With a miniscule investment and very little of your own time, you can get started today!
Activate YOUR Forex Cash Magnet Today & Begin Attracting Money Into YOUR account 24 Hours round the Clock, 5 days a Week and so on…
Forex Cash Magnet is for those who finally want to make some Money starting as early as today, this week, this very Month and Now!
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Forex Cash Magnet is one of the most efficient robot available today that YOU can use to generate CASH on AutoPilot!
Auto Trade Fusion – simply don’t like to lose…
Forex 5 Minutes, 50-Pips-A-Day-System
The Express Forex Course – Express FX Tools