Gold Sniper Indicator is a master indicator that was designed to trade gold, but it can also be used for other asset classes or currency pairs such as US30 and NASDAQ. This article explores the nuanced features and benefits of this MT4 trading system.
- Pairs supported: Primary trading in GOLD and secondary trade on US30 and Nasdaq.
- Optimal timeframe:
- Trading Session: Differentiated through color coding. Blue for the European session; Yellow for the US session; and Purple for the overlap of the two.
Gold Sniper Master Indicator’s ability to adapt to different trading sessions is one of its strongest points. The indicator optimizes its function by using session-specific strategies, as it understands that the market is constantly evolving and never static.
- Blue is the symbol of the European session
- Yellow indicates the US session
- Purple marks the intersection between European and US sessions
The golden hour for the Gold Sniper Master Indicator is most prominent during the US session and especially when the Purple or Yellow sessions overlap. This is usually between 8 AM and 4:00 PM NY Time.
This Gold Sniper Master System will give you trading signals that you can use as is, or with your additional chart analysis. is recommended.
Gold Sniper Master Trading System is compatible with any Forex currency pair as well as other assets like stocks, commodities, cryptos, and precious metals. It can also be used for oil, gas, and other assets. You can use it in any timeframe that suits you. But it works best on the M5, M15, and M30.
Trading Rules for Gold Sniper Indicator
When using the Gold Sniper Indicator, remember to tighten your stop losses around High Impact News Releases.
To achieve good results, always remember to use proper money management. To be a successful trader, you need to master discipline, emotions, and psychology. It is important to know when to trade and when to avoid trading. Avoid trading at unfavorable market conditions, such as low volume/volatility or outside of major sessions. Also, avoid trading exotic currency pairs and wider spreads.
Follow these trading rules to maximize the benefits of the Gold Sniper Master Indicator:
- Timing Limit your trading to the European ( blue zone ) and American (yellow zone) sessions.
- Entry Zones: Only make deals from the Oversold Zone to Buy (dotted blue line sets) and Overbought Zone to Sell (dotted redline sets).
- Confirmation :
- When a Purplearrow is confirmed by a Yellowdot
- When a Bluearrow confirms and a Bluedot confirms BUY.
Please see the following:
- Only open trade when both the Arrow and Dot signs appear.
- Ideal entries are made when prices are overbought or sold out.
- Set Take Profit and Stop Loss.
- Use other indicators to confirm your confirmation.
- To reduce risk, trade by following the trend.
The Gold Sniper Master Indicator is a great choice for traders who are looking for a simple, reliable, and efficient trading system. The indicator is not limited to gold trading. It can be used with other asset classes as well, making it a valuable tool for traders. The Gold Sniper Master indicator is a great tool for both novice and experienced traders.