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 trade when it find a signal based on the built in algorithm. 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 look to hold trades for hundreds of pips which is why it does not trade that frequent. There is a built-in money management system and drawdown protection system. It also has built in dynamic filters to try and adjust to the current market conditions without being too rigid.
I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
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. Modelling quality is just 90% so I would like to see it tested using Birts Tick Data Suite for 99% modelling quality with real variable spreads, real slippage, real tick data and commissions included.
Forex Gold Investor EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Gold Investor EA Summary
The Forex Gold Investor EA has mid-long term holding trades and requires a certain type of trading style. 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 it needs to be optimized in the MT4 strategy tester 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.