Asia Gold IV is a proprietary trading system developed to trade in the Tradestation, NinjaTrader, and MultiCharts platforms. It begins trading during the asian session at 7 pm EST and can hold positions overnight and over the weekend.
The gold market offers opportunities for traders around the clock and after a slow 2018, we like the potential opportunities in 2019. As of March, we are already seeing some favorable price action for our trading strategies.
The strategy uses a $500 stop loss per contract and $1000 profit target per contract. During the day session, between 9 am and 3 pm EST, there is an additional day trade profit target that is less than $1000. Overnight the reward to risk ratio is 2:1.