The Goldminor Indicator is an indicator that provides very clear input and output signals for the Metatrader Forex platform. In this article, I will give you a brief overview and give you some initial thoughts on this indicator.
The only way to get a Goldminer Indicator is to buy an automated Forex trading system, Forex Funnel. According to the creators of the Forex Funnel, the Goldminer Indicator is so accurate in defining the trend that at first they intended to present it as a separate Forex product, but finally decided to offer Forex Funnel products as a bonus.
The Goldminer Indicator consists of 2 indicators that work together to create a complete trading system with very clear entry and exit positions. At the bottom of the graph are either blue or red bars, and in the graph there are purple and yellow arrows. Trading rules are simple –
- Purple Arrow + Red Rod = Sales
- Yellow Arrow + Blue Rod = Forehead
I haven’t had much time to try this system yet, but what I’ve seen so far seems very promising. The indicator reads the trend very accurately and creates about 2 trading opportunities per day. The indicator works for 1 hour, but the documents do not show that it will work best with a particular currency pair, so it needs to be tested. I used USDJPY in my tests because it is a pair traded by Forex Funnel.
Another interesting point in the Goldminer Inidicator guide is that the creators offer a strategy that uses the same values to stop losses and make a profit. For example, if you use the 30 pips profit setting, you must use a stop loss of 30 pips.
I spent a lot of time looking at the transactions made by the Forex Funnel system, and so far the robot doesn’t seem to be trading according to the Goldminer Indicator, which is a good thing because it basically means you’re getting 2 different trading systems.