Gold Vein trading System

This is a trend following trading system/strategy that is mainly based on the gold vein indicator and hence its name. It was submitted by on 2015.

It is designed to work best when use with the 15 min, 30 min and 1 hour (60 min) time frames. Also, this trading strategy is for trading the major currency pairs.

This trading system uses several indicators. These indicators include:

• Easy-forex-system commonly known as Carmen eyes indicator (expand rate: 35, 50, 65) indicator.
• Fischer Joker (21 period) indicator.
• Fischer joker (13 period) indicator.
• Smfischer Transform (8 period) indicator.
• Gold Vein indicator.
• Pivot Point indicator.

Fig.1. The Gold Vein trading System.

The gold vein indicator used is of a trend period of 50 and it works in the same way that the trend CCI works.

How to use the Gold Vein trading System.

The general rule when using this strategy to trade is that the trader should only trade in the direction of the trend. The main indicator used to predict the trend is the Easy-forex-system (Carmen eyes) and if the price is goes above it, the trader should place a buy and if the price is below the Carmen eyes the trader should only sell.

However, there are some other minor things that you also have to consider for you to be completely successful. These things are:

For Buy orders:

• The prices has to be above the Carmen eyes the blue colored line.
• The bars formed by the Fisher joker (21 period) have to be green.
• The bars generated by the Fisher joker (13 period) have to be green.
• The bars formed by the SM Fisher Transform (8 period) has to be green.
• The bars generated by the Gold Vein indicator (50 period) has to be green.

Fig.2. Placing a buy using the Gold Vein trading System.

For Sell orders:

• The market Price has to be below the Carmen eyes the yellow colored line.
• The bars generated by the Fisher joker (21 period) has to be red.
• The bars formed by the Fisher joker (13 period) has to be red.
• The bars generated by the SM Fisher Transform (8 period) has to be red.

The bars generated by the Gold Vein indicator (50 period) has to be red.

Fig.3. Placing a sell using the Gold Vein trading System.

After placing and order, the trader should exit the trade when the Fischer Joker (21 period) indicator changes direction. The trader can also decide to use the pivot point levels or place stops at a ratio of 1:2 with the stop loss being the one that is twice the take profit.

For the buy orders the stop loss should be below the yellow line while for the sell orders, the stop loss should be above the blue line.

Open demo account to test this system.

Download Free Forex Gold Vein trading system