Golden Million Review

Golden Million

Golden Million is a Forex expert advisor sold on the MQL5 website. It is compatible with both Metatrader 4 and Metatrader 5. Both versions of the EA were launched on November 15, 2021. The vendor claims that the robot will be on sale for only 3-6 months, after which the price will be raised. 

There is no official website for this EA. The only source of information for this robot is the MQL5 product page. Here, the vendor has not clearly explained how the EA works. Instead, they have stated the reasons behind selling the expert advisor. We also have a list of settings and a couple of screenshots showing the backtesting results.

The developer behind this system is Aleksei Bordak, who is based in Russia. We don’t have any background information on this person and they haven’t revealed the identities of the other individuals they work with. Apart from Golden Million, this developer has another EA called NewMillion.

Golden Million at a glance 

Price $499
Trading Platforms MT4, MT5
Currency Pairs XAU/USD
Strategy N/A
TimeframeH1
Recommended DepositN/A
Recommended Leverage1:100+
Money ManagementNo

Golden Million functionality

This is an expert advisor that is only compatible with XAU/USD or Gold. The vendor recommends loading the EA on H1 charts. It is also recommended that you use a hedging account with this robot. Golden Million works best with leverage of 1:100 and higher. 

The developer has not clearly explained the features of this system. As such, we don’t really know what to expect from the robot.

Golden Million trading strategy tests 

There is no explanation provided for the trading strategy behind this expert advisor. As such, we don’t know what indicators it uses or how it identifies profitable trades. This prevents us from determining what kind of trading styles the system is compatible with.

Backtesting results of Golden Million on MQL5.
Backtesting results of Golden Million on MQL5.

Here we have the historical test result for the robot. For this test, the EA conducted 1252 trades, generating a total profit of $80720861.13. The win rate was 92.25% and the profit factor was also quite impressive at 12.25%. The maximal equity drawdown was only 1.08%, and this tells us that the EA was not following a high-risk strategy. There were 1442 maximum consecutive wins and 5 maximum consecutive losses for this backtest. 

What about Golden Million live trading results 

Unfortunately, the vendor has not shared the live trading results for this EA. We searched third-party websites like Myfxbook, FXBlue, and FXStat but were unable to find any verified trading accounts for the robot. Vendors on MQL5 usually share the live results on the website itself, but the developer has not done that in this case. Without live trading statistics, there is no way for us to determine whether the EA can generate profits in the live market.

Price 

The current price of this EA is $499. Compared to other EAs, this is not very cheap. There is a rental plan where you can use the EA for a yearly fee of $399. Also, there is a free demo version of the expert advisor. Unfortunately, the vendor does not offer a money-back guarantee for this expert advisor.

User reviews 

User reviews for Golden Million on MQL5
User reviews for Golden Million on MQL5

At this moment, there are no user reviews for this EA on third-party websites like Myfxbook, Quora, Trustpilot, and Forex Peace Army. On MQL5, there are a few reviews from users, but we cannot consider them authentic.

Customer support 

There is no dedicated support team for this expert advisor.  If you require assistance, you need to message the developer via MQL5.

Golden Million Review Summary

Golden Million
2 5 0 1
Golden Million is a robot that has not proven itself capable of generating steady profits in the live market. We don’t know what strategy this robot follows and the vendor does not offer the protection of a money-back guarantee. Also, there is not enough information about the developer behind this system.
Golden Million is a robot that has not proven itself capable of generating steady profits in the live market. We don’t know what strategy this robot follows and the vendor does not offer the protection of a money-back guarantee. Also, there is not enough information about the developer behind this system.
2/5
Total Score
  • Functionality
    2/5 Bad
    There is not enough information on the features available on this expert advisor, so we don’t think it has anything special to offer.
  • Trading strategy
    2/5 Bad
    The developer has not clearly explained the trading strategy behind this robot.
  • Live Results
    2/5 Bad
    There is no way for us to gauge the live performance of the EA since the developer has not shared the trading statistics.
  • Customer Support
    2/5 Bad
    There is no contact information available for the support team.
  • User Reviews
    2/5 Bad
    Currently, there are no user reviews for the EA on third-party websites.

The Good

  • High win rate for backtest

The Bad

  • No verified trading statistics
  • No money-back guarantee
  • Lack of strategy insight
Total
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