January 19, 2011
- in Uncategorized by schooloftrade
Automated Trading System review Gold Futures
We had another great day in our live trade room, lets see how the automated trading system did today.
I didn’t have much time because of our members training, so let’s look at Gold today.
 |
| Click To Enlarge |
Gold is one of our favorite markets for the auto trader because of its consistency and low drawdowns.
Over the past two day the gold auto trader took 4 trades. We use a tight stop and a very wide target to keep our drawdown to a minimum and make sure that you won’t give back the money this automated trading system has already earned.
2 stops and 2 winners make for a VERY happy trader J Look at the long term results on this.
 |
| Click To Enlarge |
Very exciting to see $9400 per contract over the past 30 days of trading, and remember that includes the holiday season chop.
Less than 1% drawdown
Only took 53 trades in 30 days to accomplish this, do the math, your broker is NOT getting rich off THIS auto trader.
1.77 trades per day means you wont lose your profit to commissions, but most importantly this tells me that it wont OVER TRADE, which is a deadly killer of day traders using auto traders.
We do all the training on this with our members, and im looking forward to showing you more in the future!
