by latha pro
What is the Gold Intraday Trading System?
Gold Intraday Trading Systemis an MT4 channel indicator used for forex trading. The system includes simple up and down arrows as entry points. The market movement is happening within channels (red and blue dotted lines). The market touches the lower channel, then it reverses to up and vice versa. The blue line of the MA indicates the uptrend and the red part indicates the downtrend. The Filter CCI indicator (below) also indicates the current market trend. Following the market increases the profitable rate.
Forex trading is high risk and has high returns. You must take the right decisions at right time. You cannot take them only through indicators or trading systems. You must have your own knowledge and experience about trading, market behavior, and the world economy. We have given you an A – Z Free forex Lesson series via ProFX Learning Center. Practice all these things on Demo Account before trading on Live Account.
Gold Intraday Trading System consists following indicators, Experts Advisors (EAs), Libraries, Presets, Settings, and templates. You can check them and information to understand the system and signals. We have mentioned here the main indicators, experts, and templates only.
Indicators
- BUTTONS.mq4
- Filter CCI.ex4
- HalfTrend 2.ex4
- PivotsD_v5 (Black).ex4
- Symbol changer profit display v5.ex4
- TMA with Distances.ex4
Expert Advisors
NO, any Expert Advisors are available
Templates
- gold Intraday M1 M5.tpl
- Gold Intraday System M15 M30.tpl
Libraries
NO, any Libraries are available
Presets
NO, any Presets are available
Gold Intraday Trading System
01. Which trading platforms are suitable for the Gold Intraday Trading System?
You can run the indicator on MT4 (Meta Trader 4 ) only. You cannot run it on MT5 or other platforms. More about MT4 and MT5
02. Which time Frames are suitable for the Gold Intraday Trading System?
You can run in any time frame. More about trading time frames.
03. Which currency pairs can the Gold Intraday Trading System trade?
You can use any major currency pair for trading. More about currency pairs
04. Does the indicator system provide signal alerts?
Yes, the system provides signal alerts.
05. What are the pre-Requirements for Trading?
- You must have a Verified trusted broker Account. Our recommended brokers
- Verified Skrill or Neteler accounts for deposit and withdrawal. Visit ProFX Premium Store to create and verify Skrill and Neteler accounts for a cheaper cost.
06. What do we need to know about trading first and how to know them?
- You should have good knowledge about the forex market and the market movements.
- You should have good knowledge of the fundamentals of currency trading
- Knowledge and experience about Indicators, systems, strategies, and technical and fundamental
- Understand the trading psychology
You can A-Z learn all these things from ProFX Learning Center for free.
07. How to affect news and trading sessions at the Gold Intraday Trading System?
- You can learn more about trading sessions and News trading through ProFX Learning Center.
- You can use www.investing.com to check important news related to the forex market.
How to install and use the Gold Intraday Trading System
1. Download and install MT4 Platform
Visit MT4 configuration Guide to download and install the Meta Trader 4 Platform on your computer or mobile phone. Visit our Recommended Brokers list.
2. Download and install the Gold Intraday Trading System
Visit Indicator Installation Guide to download and install the Gold Intraday Trading Systemon your MT4 Platform.
3. Required Settings and Configuration
Once you install the indicators on your MT4, you need to configure input settings. visit the below link to check the guide about changing indicator settings. Guide Link
4. Trade with Gold Intraday Trading System
When to Buy
- The market touches the lower channel.
- Identify the trend is UP.
- A Blue arrow appears.
- The market is above the MA (Blue line of the MA).
- How to improve buy signal accuracy through ProFX Learning Center.
When to Sell
- The market touches the Upper channel.
- Identify the trend is Down.
- A red arrow appears.
- The market is Below the MA (Red line of the MA).
- How to improve Sell signal accuracy through ProFX Learning Center
Recommended Stop Loss and Take Profit Table for each time frame. This SLand TP can be changed according to your knowledge and experience. This is a common SL and TP table. You can check the indicators well first and then you can decide how about SL and TP. Don’t depend on this table every time.
ProFX Learning Center
ProFX Learning center is a different concept started by profxindicators team. Our primary goal
is to carry you towards successful trading. We have provided A – Z lesson series about trading under
three stages such as Basic, Intermediate, and Advance. You can learn following through ProFX Learning
Center
- Fundamentals of trading
- Trading Platforms
- Indicators, Systems and Expert advisors / Develop own systems and strategies
- Advanced trading techniques
- Step by step practical sessions and test your improvement
Your knowledge improvement on trading will make fewer losses and high returns.
ProFX Freemium Store
You can Donate and obtain following through ProFX Freemium Store
- High Profitable Indicators, Expert Advisors, and Systems with Verified Results
- Open and Verify Forex and Binary Option Trading accounts (Any Broker)
- Open and Verify Skrill, Neteler, and Payoneer Accounts
- Recover restricted Skrill and Neteler accounts
- Develop Indicators and Experts According to your Strategy
You can follow these images for further trading
