Forex Robot Reviews

Forex Gold Trader V1.0 EA Review

Review Of The Forex Gold Trader V.1.0 EA.

Released: 10/01/2010

Robot Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Forex Gold Trader V.1.0 XAUUSD,GOLD 1H Trend Grid True Automatic 650 0 Forex Gold Trader V.1.0

Forex Gold Trader V.1.0 Results:

Licensing and Price:
$97.00 for 1 license. Plimus is the vendor.

Forex Gold Trader V.1.0 Strategy:
This EA opens BUY when the trend going UP, which over the last couple years has been all it’s doing. Never open SELL, because the price of gold last 10 years seems to soar higher and higher.

Recommended Brokers:
FX Open and Iam FX are two brokers to consider when trading with any EA. This vendor recommends the following brokers: FXDD Malta, Forex.com UK, FXOpen, Instaforex, etc

Conclusion

Seems to be a one trick pony hoping gold just keeps rising and rising. Any major down trends are most likely going to hurt. But find me someone that says gold is going to go down anytime soon?

Safe To Buy?

YES!

Forex Gold Trader V.1.0 has been officially approved for purchase yet. More testing needs to be completed.

Forex Gold Trader V.1.0  Overall User Rating

4 Comments
  • bubbles - Posts:
    January 15, 2011
    Reply #1

    i purchased this a few weeks ago. and have had a coupe of closed trades – took it a while and on conservative lots not much profit at all… It has opened a few others and one was in a rather large drawdown whihc concerned me as it then opened more…made me wonder if that was live account and increasingly getting higher in drawdowna and opening further orders if it owuld have brought me to get a margin call. I cut the amount of trades allowed down and have about 3 running in negative presently and a shed load pending!! . One has been in drawdown for a while… I’ll be reviewing whats happening to Gold to determine whether this is a short term problem or i need to quit this EA for better times and geta refund. I would recommend ensure they demo this EA to ensure you are totally accustomed to how it trades and the drawdown you can expect. It gets high! and stays like that for days at times… I’ll monitor some more.

  • Cass Brown - Posts:
    January 14, 2011
    Reply #2

    Bought EA in December and put on live Account on January 3. Big big mistake. I lost over 1,300 USD betwen Jan 3 and Jan 14. OPen buy trades for Gold and silver and both went down and never recovered. Also tried to do a partial close but found I could not as minimum lot size on GOMarket was 0.05 (It seems for Gold and silver was 0.05). I had no option but to close out full trade as my equity kept falling. Took a heavy loss. It was first time trading Gold and slver and should have demo to get an understanding. Have requested refund

  • sugiatno - Posts:
    December 15, 2010
    Reply #3

    great site…i bought forex gold trader in oktober.i run the EA in masterforex.in novermber i got 1820 usd from 5000.looks great EA to me.if you want to see my trading journal : http://masterforex.mt4live.com.hope it help

  • Agus Wibowo - Posts:
    October 11, 2010
    Reply #4

    I have bought this EA, i like their idea. BUY when UP trend and do nothing when downtrend and keep some BUY orders floating. I think thats okay keep my buy orders still floating for while since my account is free swap. I have tried their EA since Oct 1, 2010. Now my account profits almost 9%. Plus, the price is very cheap for me!

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