We are extremely proud to announce the first of our new line of specifically correlated1 managed accounts.
Obviously this particular account is correlated with the price of gold, implemented with a directional EA trading system designed for the MetaTrader 4 platform. The trading system is actually quite straight-forward and easy to understand. It buys 1oz of gold (0.01 standard lots) each time the price dips sufficiently, but never holding on to more than 15 of those purchases at a time per US$5,000 of balance in your managed account. Each 1oz buy is held until the price is high enough to sell it back to the market at a good profit.
To protect you from market conditions that cause the price to drop quickly, rather than buying more orders at intervals on the way down as you might imagine (the normal way of cost averaging your combined position into that dip), instead the system waits for a price consolidation (that is, until it stops dropping so quickly) all the while trailing buy orders above the current price action. The objective being to retain money in the piggy-bank to buy at a lower price after the market has resumed its upward trend.
And similarly in the other direction, when the market condition rallies into favour and brings the selling price to 75% of the level where one of the earlier purchases can be sold for your target profit, a trailing sell order (a so called, and in this case misnamed, Stop Loss order) is placed to lock in some of your profit even if the market price starts heading down again before it reaches the full profit target.
Because of the cyclical nature of how this system buys and sells, unlike owning physical gold, it will turn an excellent profit for you during sideways markets – when the price is not in a clear up- or down-trend, but saw-toothing up and down between two price levels.
Continue reading “New Managed FX Gold Account” »
, here’s an old favourite that has just received a timely make-over in light of recent market events and the price action of 
