Golden Oscar is an automated trading robot for XAUUSD developed by Sergej Sergienko in May 2022. The robot is currently on version 2.0 and has over 3193 demos downloaded.
About Golden Oscar
The Golden Oscar expert advisor is said to be a simple robot optimized for the XAUUSD pair only. The vendor claimed it has been stable for a decade now.
The robot does not make use of risky trading methods like a martingale. Recommended timeframe is H1 and the minimum deposit recommended is $100.
The Golden Oscar EA settings are very user-friendly. For newbies, you are advised to use the robot’s demo version first.
Golden Oscar Software
The Golden Oscar software is currently sold at a price of $899 but allows a rental option of $399 for 3 months.
The EA actual software recognizes patterns of price movement and uses some indicators to work. Pattern recognition is based on special algorithms of machine learning and statistical methods in-built the software.
The new Golden Oscar result shows just a 2% gain after 15 trades, with an average win rate of about 53%. Gross profits are $640.01 whereas the gross loss is -$608.77. The drawdown is 20.5%.
Golden Oscar is a program that will automate Forex trades. It’s like putting a plane on autopilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated.
Forex robots 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 Golden Oscar are inconsistent as well.
Golden Oscar is a simple Forex robot designed for new MetaTrader users. It works for the XAUUSD pair only.
The EA does not make use of any dangerous trading method, however, the trading result does not look promising at the moment.