In this post I will be reviewing the Forex Gold Investor EA that trades the XAUUSD on the free to download MetaTrader 4 trading platform. Most of you will know that an EA is an expert advisor but for those who you that don’t, an expert advisor is simply another term used by mt4 to describe a forex robot. The Forex Gold Investor EA is a forex robot that will trade automatically for you. Following the provided instructions, you simply set it up to trade on your mt4 terminal on the XAUUSD chart and it will do all of the hard work for you – with potentially good results! The Forex Gold Investor returns from the shared real verified by MyFxBook account shows that it is making around 5% per month with a modest amount of trades. For the latest forex robot results including those of the Forex Gold Investor, please check my best forex robots page.
Forex Gold Investor EA Trading Strategy
As the name suggests, the Forex Gold Investor trades the XAUUSD. It is a more long term trading system than most forex robots, it will hold trades for hundreds of pips which is why it does not trade that frequent but then is less susceptible to factors that can affect short term and frequent trading strategies such as spreads and slippage. The reward is slightly greater than the risk which ensures that a loss does not wipe out all gains and the win rate north of 60% on average. There is a built-in money management system and drawdown protection system. Considering the drawdown on the Forex Gold Investor real live verified account, this seems to be working well thus far. It also has built in dynamic filters to ensure that it adjusts to the current market conditions without being too rigid.
Forex Gold Investor EA Back Testing
The Forex Gold Investor EA official website has some back tests using fixed lots and money management. Over a 14 year period tested, the Forex Gold Investor EA made a cool $57,000 using 0.1 lots ($1 a pip) with a high win rate around 70% and drawdown of only around 7%. Modelling quality is 90% so I would like to see it tested using Birts Tick Data Suite for 99% modelling quality which means real variable spreads, real slippage, real tick data and commissions included.
Forex Gold Investor EA Live Results
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Forex Gold Investor EA Summary
Overall, the Forex Gold Investor EA seems a solid forex robot judging it on it’s real performance. It is not a million dollar overnight type forex robot but it is rather steady going for mid-long term holding trades and shooting for big pip gains. This requires a certain type of trading but can be less stressful for those who don’t mind waiting for their returns. It is also rare to find a forex robot dedicated to trading gold which make the Forex Gold Investor slightly unique in this aspect. I feel there could be huge potential for those who know how to optimize in the mt4 strategy tester – especially if using 99% modelling quality. Regardless, the Forex Gold Investor is ready to use straight out of the box and suitable to all levels of traders. Full support, free updates, full instructions and a money back guarantee are included.