Forex Gold Investor uses buy on deep and strong impulse strategies to trade in the markets. The robot uses an advanced news filter to stay away from volatile market conditions. The developers make many claims about the profitability and working methodology of the expert advisor. Let us see if the system actually performs according to the statements.
The company states that the robot uses an advanced strategy to profit. There are so many claims about the system’s functionality that it convinced us to check and review.
What is behind the Forex Gold Investor?
The robot is developed by FXAutomater. The company has many algorithms present for sale purposes. There is, unfortunately, no information on their experience or location, which is a turn-off.
How it works
The robot needs the following steps to start functioning:
- After receiving the algorithm in your email, place it on the experts’ directory
- Enable auto trading and attach it to the gold chart
The robot has the following key features:
- It comes with a broker spy protection module
- It uses a news filter to avoid volatile conditions
- It has a drawdown protection system and precise entry and exit functions
- It uses two different strategies i.e. buy on deep and strong impulses to open trades
There is no information on the leverage and minimum deposit.
The developer states that the robot works on Gold. They do not share much information as most of the website is focused on bragging about the algorithm. There are two different entry criteria that the algorithm uses. They are based on impulse and reversal scenarios when the market is oversold or overbought. Using the history on Myfxbook, we can see that the EA uses a high stop loss and small take profit, which give it a poor risk-reward ratio.
Backtesting results are available for XAUUSD money management, where the relative drawdown was around 17.51%. The winning rate was 66.07%, with a profit factor of about 1.94. The test was done on the 15 minutes chart with a starting balance of $5000. The robot tanked an average profit of $53016.41 during this period. There were 725 trades in total. The best trade was $1986.88, while the worst one was -$2194.50.
The algorithm can be bought for an asking price of $227. There is a 60-day money-back guarantee. The license includes 1 real and unlimited number of demo accounts.
Trading performance of Forex Gold Investor
Live trading results are available on Myfxbook, which show performance from Oct 19, 2020, till the current date. The system made an average monthly gain of 7.43 %, with a drawdown of 38.17%. The drawdown value is high here, which means nearly a 50% loss on the account at some stage. The winning rate stood at 71%, with a profit factor of 1.47. The best trade was $17.94, while the worst was -$48.70. There were a total of 250 trades. The developer made $247.04 in deposits and $0 in withdrawals.
Customer support is only available by filling a contact form on the website. There is no email id or phone number to contact them.
There is only one review at Forex Peace Army where a user states that he is trying out the system from the company. Lack of feedback shows that no one is interested in buying a system with a high drawdown.