EA Review: Forex Gold Investor

The FX Automater team is back with another new robot release, Forex Gold Investor. With over 5 products on the market, I’m surprised to see that this development group is releasing another software, but it seems they’ve cut interest in trading precious metals. Today I will review this new strategy, and analyze every aspect of the system the let the community know if this system will truly provide the 88% winning percentage boasted about on the sales page.

It is unknown where FX Automater group are located, and who the members of this team are. I’ll make sure to go over some of their previous trading products, so that you can see what type of successes or failures they’ve had to deal with over the past few years. In order to contact support, traders can fill out a contact form located on the sales page.

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Forex Gold Investor Review

While the strategy isn’t discussed in much detail, we are told that the Forex Gold Investor looks to take advantage of intraday gold price cycles. Basically, they tell us that they have “learned that there are set time for buying and selling gold,” and they know exactly when those trade should be placed. They don’t tell us exactly what this data is, but that they have hardwired into the expert advisor to ensure that the system trades at a high win rate.

The 2 other aspects of the software that the development team want to get across to the community, is that it trades frequently and that they have fully tested their entry and exit logic. In fact, they propose that they use multiple algorithms to protect profits and minimize any losses.

Breakdown

• 

  Type: Forex Robot
• Price: $297/license
• Strategy: Trend Based
• Timeframe: M15
• Pairs: XAUUSD (GOLD)

The sales page shows that the software is currently being offered a $297, but that it will increase to $397 when the exclusive launch offer for the Forex Gold Investor is over. It’s hard to ever know if claims like these are true, or if the software will always be priced at $297. In this market, these are generally marketing ploys, and they really don’t even bother me anymore, because it just means that I can wait as long as I want and still get the same price.

FX Automater

I mentioned in the introduction to this review, that I would provide you with information about past FX Automater products. There have been quite a few products made available, and each of them boast very impressive trading results. The only issue with these robots that is frequently discussed in the community, is that traders often say that the Myfxbook results can’t be achieved, and that they must be fixed in some sort of way. Here are some of those products.

• 

  Wall Street Forex Robot
• Volatility Factor 2.0
• Forex Diamond
• Forex Trend Detector

Each of these products have fancy sales pages, and impressive Myfxbook accounts, but there is always more to the story.

Trading Results

The FX Automater team provide us with one vendor account, that is currently running on the Demo Alpari RU servers. This account is showing a gain of nearly 360% since 2015. This makes for a monthly gain of 4.69%, and a drawdown of 32.39%.

There are really no issues with these numbers, and the trading history shows some very impressive wins, with the average win coming in at 176 pips and the average loss coming in at a whopping 578 pips.

Despite being told that the system trades frequently, there have only been 134 trades in the past 3 years, so this is not a trading software that you can expect trade on a daily basis. In October there were 5 trades in total, and this is a very normal number when it comes to the trade frequency of the Forex Gold Investor.

There are a couple of things I noticed when looking at trading results provided by the FX Automater team. First of all, they always have this weird message at the top of the page the tells us “this account use a custom start date.” They are using this to hide losses. If you click the custom analysis button at the top and set the date a year back, you will see that the system had three bad months and that the actual gain is not 360%, but 166%, a drop of 200%.

The other aspect that is always the case with these systems, is that we are too late. If you look at the  Myfxbook trading results in 2015, and 2016 you will see major gains with monthly account gains frequently in the high 20s and low 30s in terms of percentage gains. Yet, as we move into 2017, the average gained in a month is around 2%. It’s as if these developers are releasing these systems 2 years after they were most profitable, and I’m not sure why that is the case.

Update

As we update our analysis of the Forex Gold Investor software, it’s important to see how it’s been performing since we last analyzed the program in 2017.

Their most popular, and longest running demo trading account is now up to 333%. It’s been running since 2015, but has been largely ineffective since September 2017, around the time we did our initial analysis.

If you look at the above image you can see that if you invested with the service in 2015, 2016, or early 2017 you’d be very happy with your return. Though, if you invested anytime after September 2017, you will either have lost money or just remained at break-even for multiple years.

Based on these statistics, it looks as if the robot has seen it’s beyond it’s prime and needs to be retired or updated to meet current market conditions.

Conclusion

Despite my skepticism when it comes to the trading results, I still do have interest in the Forex Gold Investor software. I don’t see myself purchasing the EA immediately, but I will be following along closely and hopefully gathering real client reviews from the community here at Forex Robot Nation. Before signing up, I want to make sure that real traders are able to reproduce the exact same results we are seeing here on the vendor account.

If you have anything you would like to add to the review, please leave your comments and experiences below the article now.