Forex Gold Investor is the new expert advisor by a team known as FX Automater. They’ve been around for some time now, and have produced 5 different trading products so far. And with 5 products already in the market from this developer, we shouldn’t be surprised when we find out that they’ve released a brand new product.
This developer seems to have a special thing with trading precious metals. The website where the Forex Gold Investor EA is being hosted at gives us some details about the product. We will be using these details to determine whether or not this is something we would want to try.
Most importantly, this review of the Forex Gold Investor will be looking at whether or not the acclaimed 88% win rate is possible with this software.
We love to start with the basics, such as the name of the developer, their location, address, contact info and so on. But in this case, FX Automator did not disclose where they are located or who their members were.
However, since this developer has been around for some time, we will also mention some of their products to see if they have had any successes or failures in the past. This is quite important as it helps in knowing what to expect from this vendor every time they release a new trading product.
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Looking at the description part of this robot, we find that there is not so much that we can learn from it. However, we still understand that the Forex Gold Investor is always looking to take advantage of the intraday price cycles in the Gold market.
In other words, FX Automater are telling us that they have established certain times of the day or night to buy or sell gold. There is strong emphasis on the statement that their developers who exactly when those trades should be placed.
However, the website refuses to go into details to describe what data that this developer is often looking to work with. All they tell us is that they have collected the necessary information and put it together into strategy which was ultimately hard-wired into the Forex Gold Investor algorithm. This is to ensure that the system will always trade with a high precision.
The other aspect of this software that we’d like to mention is the trading frequency. This developer makes it clear that this software trades multiple times a day, and that they have thoroughly tested their entry and exit logic. To assure us further, they claim that Forex Gold Investor EA was built with multiple algorithms to help with profit protection and loss minimization.
In terms of strategy of trading, this expert advisor looks for trends that can be traded. It is mostly concerned with the M15 time frame, meaning that it could be looking to scalp positions when trends are forming.
Of course the pairs that are traded here are restricted to XAUUSD. We are not sure whether this expert advisor can be used to trade other pairs or not. But since the name suggests that it trades Gold, we are assuming that it can be a bad idea to try using it on other currency pairs.
While perusing the landing page to try getting some crucial details about the software, we noticed the cost of obtaining a license. This software is currently priced at $297 a copy. But the vendor is saying that they will soon increase the price back to $397. In other words, the vendor is currently giving traders an offer. It is an offer that is supposed to expire when this exclusive launching period is over.
Whether or not the price will increase is something that we cannot make a statement about. These claims are basically hard to ascertain. Only time can tell whether or not the developer will hike the price.
Yet again, you have to keep in mind that most vendors will try to create a fake offer just to attract you. These are marketing ploys which they use to gain new customers. One thing you have to be sure about is that even if you visit this sales page weeks later, you will still find that this vendor is selling a copy of the Forex Gold Investor for that same price.
When we started this review, we hinted that we would provide a quick overview of products that FX Automater has launched in the past.
So far, this developer has created and launched 5 products which boast of very impressive results (if the alleged trading results are anything to go by).
But we have issues with these products though. We sort the opinion of those who have used them. The response was like: when you acquire any product from FX Automater, you will never achieve the kind of results that they are achieving on their Myfxbook account.
Most customers seem to be complaining about the vendor’s lack of attention to these details. It seems that these products need some sort of fixing to ensure that they can finally deliver results that are at par with what the vendor’s myfxbook account is recording.
To cut a long story short, each one of these products have always been launched with a fancy sales page as well as an interesting myfxbook account to ponder about.
Yes, this developer has been doing a pretty good job in ensuring that each one of their products are tracked separately on myfxbook. That is something that we definitely love. However, there is always a story to each one of these products. Keep that in kind.
To prove that this software has a great potential, the vendor has provided a link which takes visitors back to their myfxbook account. This is a demo account hosted by Alpari RU.
Since the year 2015, this account has recorded a gain of $360. This means that Forex Gold Investor has been making close to 5% monthly return accompanied by a draw down of 32%.
We do not have issues with these figures. In fact, the equity curve is showing some impressive moves. The average win for this product is 176 pips. However, the average loss was 578%.
We’d also like to point out the fact that we’ve noticed FX Automater using a weird warning message which says: “this account uses a custom start date”. This could mean that the vendor is hiding losing trades. We actually did a research on this by clicking the custom analysis button, then setting the date back by one year. What we saw was that the actual gain was not 360% but 166%. This represents a drop of nearly 200%.
Although we are a little bit skeptic about the Forex Gold Investor EA, we are not giving up on it yet until we have seen enough client reviews coming in. Before traders can dive in and start using Forex Gold Investor, we’d like to see more proof that real people can actually use it to replicate the profits that this vendor is displaying on their myfxbook account.
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