Advanced Gold Trading is a fully automatic expert advisor found for XAUUSD that was published 18 January 2022 on MQL5. It is currenly on version 5.5 and has over 8523 demo downloads. The vendor claims that the robot has a system of recovering from losses.
Ho Tuan Thang is the man behind this robot and other Forex robots in his catalogue. With barely a year old on MQL5, this developer has managed to release over 30 products with 39 signals channel. The vendor is publishing large amount of products within a short time, making us doubt his expertise in managing his product.
About Advanced Gold Trading EA
Advanced Gold Trading is said 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 a 1 month rental options at a price of $195. Both allows 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. Drawdown is 31.9% with recovey factor of 6.40.
The Recovery Set File started just five weeks ago and shows a total of 21% after finishing 332 trades. Drawdown is 10% with recovey 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 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 trend in order to scalp on XAUUSD pair using 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 the combination of trend and news filter to open and manage trades on XAUUSD pair. The high drawdown observed in the signals page raises some suspicious eyebrows about this algorithm. The vendor is also publishing large amount of products within a short time, reducing his trustworthiness.
Wallstreet Forex Robot is a piece of software that works based on scalping. The latest version comes with a broker spy module that prevent unfair play by brokers during trading.
It costs just $267 and you also get a bonus auto bot systems.
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