Best forex robot gold expert advisor

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I bought a best forex robot gold expert advisor and ran it for five days. The results surprised me. A few days ago, I came across a forex robot which was specifically designed for gold trading. It costs around 200 and by checking the my fx book page dedicated to this gold expert advisor. I was a bit interested as most of the figures look positive. Well, I got this forex robot gold expert advisor to give it a try, but, as per your request, we’ll run this ea 24/7 on a virtual server this time and share the results with you regularly. So do you think this gold expert advisor is profitable well before we get to that part? Let’s go over some details about this indicator. We’ll first learn some details about this forex robot gold expert advisor: look at the verified performance of the vendor to understand how it works.

The ea we’ll review today is called Promax gold ea. According to the developer, it’s a robot that trades automatically based on a smart news filter which allows it to rely on both technical and fundamental analysis.

Promax gold ea is a 100 automatic gold expert advisor that allows hands-free trading. It has automatic money management settings, so the size of the trading lot is automatically set by the gold ea robot. According to the vendor, the default settings are the best for winning profits, but it comes with different presets that suit various purposes.

Best forex robot gold expert advisor

You only need to pay for it once and all future updates are provided for free, usually before purchasing any course signal or expert advisor. It’s important to ask the seller to provide their myfxbook profile. It’s a third-party platform that allows traders to evaluate analyze, share and compare their trading strategies and trading performance. It gives us a realistic idea about the robot gold expert advisor indicator or strategy we’re about to purchase. Let’s look at the vendor’s website. Well, to be honest with you, my fx book is not 100% reliable, as there are methods that some vendors use to trick buyers we’ll be revealing some of them as we progress with this live ea testing series. If we scroll a little bit down, we can see that the ea is designed to generate 8 to 15 percent monthly profit.

Best forex robot gold expert advisor

It works only on gold pairs and should be accurate 88% of the time. The minimum required balance to run is 1000 US$ , it can use a smart grid to close them and break even without losing money. The developer doesn’t reveal the type of trading strategy the algorithm utilizes. Well, all we know is that it runs on the five minute chart on standard accounts. We can’t use many or sent portfolios in this case.

The robot has to be online 24 hours and it’s recommended not to run any other robots indicators and manual trading, as it will interfere with the indicator.

This ea uses the smart grid to close orders and break even just in case. The position runs into the negative side. All we need is to install the ea and let it run automatically. The other details aren’t that important, except the fact that the developer is ready to give a full refund if the buyer isn’t profitable after 14 days of using it. I find this refund period quite short, but it motivated me to give it a try. So what? If we grab this expert advisor and run it 24 /7, with the help of a vps server, are we going to be profitable in 14 days?

That’s the first thing we’ll be trying we’ll continue. Monitoring the performance of this gold ea expert advisor regularly make sure to subscribe to this blog post, so you won’t miss the updates before i share with you.

The results of the first five days running this ea. Let’s look at the results of the developer on their official myfxbook page. We can see that the vendor has two real accounts where the gold  ea  expert advisor is running for the past eight months. They are both real accounts, one with one thousand dollars and another one with one hundred thousand dollars. Well, if you’re familiar with the my fx book platform, you know that real accounts don’t mean much as there are tricks to create them, even without a single penny. What matters are the results. So, let’s look at them. We can see that this account was created. Last march, with a one thousand dollar initial balance, the performance looks positive. So far, the account grew by eighty seven point: five, four percent: in eight months, the highest drawdown recorded, was eleven percent. In june we can see that they have made 874 dollars in eight months.

That’s pretty good for a one thousand dollar account. If we scroll down a bit, we can see some important figures. The one that captures my attention is the success rate, which is 81, the best trade made 182.70 and the worst one caused a 132.48 loss.

They were both recorded in June, which is the month where we recorded the highest drawdown of 11 other than that the profit factor is 1.60. Which is extremely positive. By looking at the trading history, we can draw some conclusions, as the average trade duration is 5 hours. It’s possible to assume that the gold ea expert advisor uses both scalping and day trading strategies. We can see that in some instances the gold ea robot can increase the lot size to recover the ongoing loss, which is referred to as the martingale or grid trading approach. Here we can see the monthly gain progress since march 2021. We can tell that the vendor has made a couple of changes. After may, the monthly growth rate was above 11 percent in the first two months. In the last six months, it’s been below four percent, which is a safe rate, but overall the gold ea expert advisor has successfully ended the last eight months. Which is a good sign so far this month, we’re at a one point: nine five percent gain. Let’s see if we close November with a two percent or higher growth rate, these were the vendors figures. Let’s look at our results after five days of running this gold ea expert advisor, the first thing i did was sign up for a vps server. It’s a remote computer that runs 24/ 7

Best forex robot gold expert advisor

We can run expert advisors with no interruptions, no need to worry about keeping the pc permanently on and we won’t be dependent on the power supply. You can get a reliable one for only six dollars per month. I’Ll leave a link to my favorite forex vps service. In the video description once the server is up, i installed the expert advisor with the help of the tutorial video available on the vendor’s website. We then need to contact them to get the ea activated. The process was smooth and didn’t take much time. The vendor provides different presets that you can choose from depending on your objective. I imported the one with the lowest risk level and created a demo account of one thousand dollars we’ll monitor the performance of this expert advisor in the coming weeks. I also created a myfxbook account, so you can visualize the performance of this indicator at any point in time. All you need to do is visit the link in the video description to monitor the progress on a real-time basis. Let’S look at the first five days of us running the expert advisor, so i installed this expert advisor on the 21st of November.

We can see some balance increase in the four following days.

75 percent, which is great for such a short period. The drawdown, won’t make much sense at this stage, but it’s less than one percent. We began our journey with a one thousand dollar account and we’re now at one thousand, seven dollars and forty nine cents. If we scroll down a bit, we can see that our success rate for a total of seventeen trades is ninety four percent. The only losing trade is this one. All the trades were executed with one micro lot volume size, which means that we didn’t engage in any martingale or hedging techniques.

So far, the average trade length is only 25 minutes. The ea seems to close the trades fast. If we analyze the history, we can notice that it uses a trailing hidden, stop loss. All the trades were closed, using the trailing stop loss, except this one. The longest trade we entered was the only losing one.

The ea seems to close a trade if it takes a long time on the negative side, the other orders were all closed within minutes. If you enjoy the concept, let us know in the comments section. What other expert advisors you want us to test and make sure to subscribe to the blog post, so you can see what will happen in the coming weeks. Are we going to be profitable after 14 days?

Best Forex Robot Gold Expert Advisor :

Proud to announce the first fully automatic Gold trading robot with a smart news filter which allows this EA to analyze both technical and fundamental news

Features

  • Ability to analyze technical and fundamental news
  • 8% to 15% Monthly profit
  • Fully Automatic – Hands free trading
  • Auto money management and lot size selection
  • Only for XAUUSD pair on Metatrader4
  • Best setting is given as default
  • Full set up guide  
  • 1 Demo 1 Live account
  • Open and Close trade in profit automatically
  • One time payment with Free updates

CLICK THE LINK HERE TO KNOW MORE ABOUT GOLD EA EXPERT ADVISOR

LEARN TO TRADE FOREX IN 2022 – FULL BEGINNERS GUIDE!