Forex Gold Investor Review

Forex Gold Investor

Forex Gold Investor is an expert advisor launched by the FXautomater team. Promising to be ready for the 2021 market conditions, the robot works on the MT4 trading platform. There is a summer special offer currently ongoing for this robot, which lets you purchase it for $70 less. 

On the official website, we have links to multiple live trading accounts and backtests. The vendor has explained all the features in brief and has made a lot of effort to paint the EA as a profitable system. A large part of the presentation is written in marketing language and there seems to be a dearth of information. 

FXautomater is a company we don’t know much about. There is no official address provided for the company headquarters, but after doing some digging, we found that it is based in Seychelles. The vendor has not shared any data on the developers and traders working for this company. 

Forex Gold Investor at a glance 

Price $227
Trading Platforms MT 4
Currency PairsXAU/USD
Strategy N/A
Timeframe N/A
Recommended Deposit $1000-$5000
Recommended Leverage1:500
Money ManagementYes

Forex Gold Investor functionality 

This EA is compatible with all MT4 brokers. It has a money-management system that calculates the size of your trading lots based on market conditions and the chosen risk level. There is an in-built drawdown protection system, but the vendor has not explained how it works. 

The robot monitors the intraday gold price cycles and places frequent trades. As we know, high-frequency trading is not suitable for everyone, especially for beginners. It requires a high degree of expertise and can get stressful at times. 

Forex Gold Investor trading strategy tests 

On the official website, the vendor has mentioned that the EA uses two proven strategies. However, they have not provided an explanation for either of them, so we can only guess what kind of approach the robot takes while analyzing the gold price cycles. Strategy insight is something most traders consider vital, and hence the lack thereof might prevent many of them from investing in this robot. 

Backtesting data for XAU/USD
Backtesting data for XAU/USD

For this backtest, the robot started with an initial deposit of $2000. It placed 3716 trades between 2004 and 2017, winning 69.16% of them and generating a total net profit of $57205.11. There were 22 maximum consecutive wins and 7 maximum consecutive losses during the testing period. The relative drawdown for this backtest was quite high at 27.96%, and this tells us that the EA follows a risky high-frequency strategy carrying a high risk of ruin. 

What about Forex Gold Investor live trading results 

Growth chart for Forex Gold Investor
Growth chart for Forex Gold Investor

This is a real-money trading account on Myfxbook that has been active since July 27, 2020. Despite trading for over a year, the total profit generated through this account is only $285.61. The EA has placed 256 trades, winning 70% of them. Compared to the backtest, the profitability is slightly higher. 

At this moment, the daily and monthly gains for this account are 0.24% and 7.34%, respectively. The drawdown is 24.67%, which is slightly lower than what we saw in the backtest, but still quite high. This account has a profit factor of 1.47.

User reviews 

We were unable to find any user reviews for this expert advisor on third-party websites like Myfxbook, Quora, Trustpilot, and Forexpeacearmy. Thus, we can say that the robot has no reputation whatsoever and not many people are using this system for live trading right now. The lack of reputation makes it a risky investment. 

Forex Gold Investor Review Summary

Forex Gold Investor
1 5 0 1
Forex Gold Investor is an extremely risky investment to make. It appears that the EA doesn’t have a stellar reputation in the Forex trading community. The vendor does not specify the details of the trading strategy, but we know it is a risky one, due to the high drawdown exhibited during live trading.
Forex Gold Investor is an extremely risky investment to make. It appears that the EA doesn’t have a stellar reputation in the Forex trading community. The vendor does not specify the details of the trading strategy, but we know it is a risky one, due to the high drawdown exhibited during live trading.
1/5
Total Score
  • Functionality
    2/5 Bad
    The EA has a broker spy module and a money-management system, but the vendor does not explain all the features properly.
  • Trading strategy
    1/5 Awfully
    We don’t exactly know what strategies are used by the robot, but we can tell they carry high risk.
  • Live results
    1/5 Awfully
    Forex Gold Investor has failed to generate large profits during live trading.
  • Customer support
    1/5 Awfully
    The website doesn’t have a live chat feature, and no official email address is available.
  • User reviews
    1/5 Awfully
    There are no authentic user reviews for this expert advisor.

The Good

  • 60-day money-back guarantee

The Bad

  • High drawdown
  • Lack of strategy insight
  • No customer reviews
Total
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