FOREX GOLD TRADER V.2.0 (GOLD & SILVER)

Overall Rating:  (5/5 Stars)

Buy Now: http://mywealthmastery.com/cash-back-offer-for-forex-gold-trader-v-2-0-gold-silver/

Creator: I could not find information on the creator of Forex Gold Trader.

Price: $127 (it seems the regular price of the Forex Gold Trader V.2.0 is $499 but is offered at $127 at the moment. V.1.0 was launched at $97)

Release Date: 01 December 2010 (v.1.0 released on 26 September 2010)

Pairs Traded: XAUUSD (GOLD), XAGUSD (SILVER)

Timeframe: 1 Hour (H1)

Trading Window: 24 hours a day, 5 days a week

Trading Strategy:
The EA works on the 1 hour timeframe and follows what seems to be a trend grid trading strategy. Trades are only opened when the trend is identified as up. No sell positions are opened with the EA because the EA follows the long term trend on gold.

Although No Stop Loss is entered at the time of opening a trade, V.2.0 uses dynamic Stop Loss feature and Smart Drawdown Reducer.

What You Get:

• File robot : Forex-Gold-Trader-V.2.0.exe (automated installation to your Metatrader)
• Complete Tutorial : Forex-Gold-Trader-V.2.0 – Manual – English Version.pdf (32 Pages – Full Images)
• Free update and upgrade if new version available (LIFETIME)
• World class support team, we will reply your email less than 12 hrs (guarantee).

License: You will receive 1 License which is valid for 1 PC/VPS (You can install many MT4 on your PC/VPS and use FGT V.2.0)

Installation:
Installation of the EX4 file is straightforward enough and covered thoroughly in the supplied manual. Four full sets of settings are provided in the documentation. Each of these is aimed at providing a suitable trading level to suit the risk level of the user

• Normal Mode
• Aggressive Mode (Twice the lot size of the normal setting)
• Safe Mode (Same lot size as normal mode but only opens trade in an Up trend)
• Very Safe Mode (As above but with half the lot size)

The Forex Gold Trader EA supports 4 and 5 digit broker and is both NFA and ECN broker ready.

Customisation: There is not much to customise. I would definitely suggest that you follow this advice if you are a beginner or new to trading.

Money Management: Forex Gold Trader can be customised to suit your trading goals and risk profile. The EA offers 4 settings – Normal Mode, Aggressive Mode, Safe Mode and Very Safe Mode.

Auto Lot feature is also included in V.2.0

Broker Requirements: Forex Gold Trader can be used with any MT4 broker offering Gold & Silver. The EA is sensitive to spread so find a broker with tight spread.

Proof of Results:

Forex Gold Trader website contains complete backtest results and a forward test as well. Moreover, Forex Gold Trader has a lot of trading proof and statistics from the live accounts.

The website has a detailed statement of Live trading account with FXDD Malta and equity curve of 5 other live accounts each of which is independently verified by myfxbook.com. There are 4 different backtest results as well on the website. In addition, links are provided to 4 independent review sites.

Support: Customer support is available by email, chat or remote connection to your PC/VPS and is very responsive.

Money Back Guarantee: 30 day, 100% money back guarantee through Plimus.

Pros

• Excellent profit and stable results
• The system is not broker dependant
• The system can be customised to suit your trading goals and risk profile (4 risk profile settings are available)
• It comes with a 30 day, 100% money back guarantee
• The system is well priced compared to other products available in the market.
• Proof of Trading (Back test and Live Trading) statements are published on the website.
• Built in Stop Loss, Take Profit, and Money Management.

Cons

• Forex Gold Trader is designed to work with Gold and Silver only.
• Forex Gold Trader has been specifically designed to trade the gold and more importantly to take advantage of the recent strong uptrend in the gold price. Any change in this trend could potentially see performance suffer.
• No information is available on the promoter of this EA.
  

Overall Rating:  (5/5 Stars)

Final Thoughts: Forex Gold Trader has certainly produced some impressive results for what until now, is a relatively unknown EA. However I would expect that this will change as more traders become aware of it.

This system has been specifically designed to trade the gold and more importantly to take advantage of the recent strong uptrend in the gold price. As many traders will know, trading trends is one of the most profitable trading strategies that can be employed.

However it is important to note that any change in this trend could potentially see performance suffer.

Trends in the bullion market do however tend to last for years rather than weeks. Therefore with gold expected to maintain its recent uptrend, as most analysts forecast, then the Forex Gold Trader EA could well turn prove to be one of the most profitable trading systems that we see over the coming months and years.

Buy Now: http://mywealthmastery.com/cash-back-offer-for-forex-gold-trader-v-2-0-gold-silver/

Performance Results:

Click here for independent trade results

ABOUT THIS REVIEW

I have been trading Forex for a number of years and have traded shares, options and futures as well. I have spent tens of thousands of dollars on various expert advisors, systems, strategies and seminars. Some of the products worked for me but most did not. Sometimes it is so easy to get sucked in by the marketing hype created by the promoters of various products. I have to admit, I have done this many a times myself. After buying some of the duds, I felt there is a need for someone to provide an unbiased opinion on these products. With this review service, I hope to give you my honest, no bullshit assessment of this product. My commitment to you is that I will not be recommending a product that I do not believe in and will not be willing to use myself. Yes, if you buy through my website, I get to make commission from the sale but to show my commitment and the desire to help you out; I will pay you $38 back as cash back bonus.

Please feel free to provide your comments on Forex Gold Trader on my blog.

To Your Wealth!