Advanced Gold Trading is a fully automatic FX expert advisor found for XAUUSD (Gold) that was published on 18 January 2022 on MQL5. It is currently on version 5.5 and has over 8523 demo downloads. The vendor claims that this Gold expert advisor has a system of recovering from losses.
Ho Tuan Thang is the man behind this robot and other Forex robots in his catalog. With barely a year old on MQL5, this developer has managed to release over 30 products with 39 signal channels. The vendor is publishing a large number of products within a short time, making us doubt his expertise in managing his product.
Advanced Gold Trading is a robot that makes use of a combination of trend and news filters to open and manage trades on the XAUUSD pair. The high drawdown observed on the signals page raises our suspicion about this algorithm. Find out the best Forex Robots the industry has to offer. These robots are fully transparent and offer excellent risk management conditions.
About Advanced Gold Trading EA
Advanced Gold Trading is said to be a trend expert advisor, it trades on XAUUSD by following trends in other to avoid drawdown. The recommended timeframe is H1.
The robot is not broker specific and requires a minimum deposit of $100. It is not sensitive to spread and slippage.
The robot is sold at a price of $299. There is also a monthly rental option at a price of $195. Both allow for 10 activations.
The robot has signals performance page for the Non-Recovery Set File and the Recovery Set File.
The Non-Recovery Set File shows a total of 218% gain after completing 2 224 trades. The drawdown is 31.9% with a recovery factor of 6.40.
The Recovery Set File started just five weeks ago and shows a total of 21% after finishing 332 trades. The drawdown is 10% with a recovery factor of 1.87.
The Non-Recovery drawdown of 31.9% is quite high and way above the safety threshold used in the Forex industry. This shows that the system can lose a big chunk of its account balance while trading.
How Advanced Gold Trading Works
Advanced Gold Trading is an automated trading software that works based on trend, it follows a trend in order to scalp on the XAUUSD pair using the H1 timeframe.
Forex robots like Advanced Gold Trading are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather, and other factors.
The inconsistency of the market is impossible to program into a robot, and therefore the results of Advanced Gold Trading are inconsistent as well.
Advanced Gold Trading is a robot that makes use of a combination of trend and news filters to open and manage trades on the XAUUSD pair. The high drawdown observed on the signals page raises our suspicion about this algorithm. The vendor is also publishing a large number of products within a short time, reducing his trustworthiness.
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