Gold Scalping Trading System

Here’s a great scalping trading system for trading gold. It’s composed of an RSI trend indicator, together with an accurate buy/sell arrow scalping indicator. The system is built to buy and sell gold (XAU/USD) in an existing trend, “buy low and sell high” principle.

Chart Setup

Used MT4 indicators: buysellarrowscalper.ex4 (default settings), RSIFilter.mq4 (default settings)
Preferred time frame(s): M5, M15, M30
Recommended trading sessions: London and US
Trading instrument: gold (XAU/USD)

Download

Download The Gold Scalping Trading System.

Example: Gold 30 Minute Chart

gold-trading-system

The figure above is an example of the gold trading system in action on the 30 minute gold chart. It shows our proposed buy and sell entry points. The RSI histogram filtered technical indicator is used to keep us trading in the overall direction of the gold trend. Total signals: 5 (3 sell, 2 buy).

Gold System Trading Rules

Buy conditions:

  • RSI Filter indicator orange color (trend up)
  • Buysellarrowscalper indicator draws blue arrow

==> Open buy position. Set stop-loss slightly below the most recent support level.

Close buy position ideas: 1. Wait for the scalping indicator to draw a red arrow (short-term bearish). 2. Set your own profit target, for example 100 pips.

Sell conditions:

  • RSI Filter indicator blue color (trend down)
  • Buysellarrowscalper indicator draws red arrow

==> Open sell position. Set stop-loss slightly above the most recent resistance level.

Close sell position ideas: 1. Wait for the scalping indicator to draw a blue arrow (short-term bullish). 2. Set your own profit target, for example 150 pips.

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