Is Gold Million EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Gold Million EA
Gold Million EA is a forex robot available on MQL5 website. It is an automatic trading robot that opens and closes orders. The developer of the system is Aleksei Bordak. He claims to have more than 15 years of working experience in finance and programming.
According to the vendor, the product can be purchased at the rate of $900 with 70% discount. There are rental options available like $500 (6 months) and $700 (1 year) respectively.
Gold Million EA : Reasons to Avoid this Expert Advisor
Firstly, Gold Million EA is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are customer reviews on MQL5 where the product is sold of which customers of the system sounded unsatisfactory about the system.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Gold Million EA Trading Strategy
Gold Million EA provides no info on the trading strategy.
The system operates on the recommended currency pair XAU/USD with a timeframe of H1.
Gold Million EA Trading Results
The vendor provides back testing results for us to estimate the system’s potential. According to the result, it 1252 trades with short 92.61% and long 91.99%. The maximum drawdown was 27.51%.
No live trading result provided from third party shows that the developer does not trust on the system to replicate such performance on a live account.
Conclusion: Is Gold Million EA a Reliable Forex Robot?
Gold Million EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this Forex robot does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.