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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)

    Free 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.