Forex Gold Investor Review: Things to Consider Before Investing

Forex Gold Investor

Forex Gold Investor is an FX robot that assures consistent returns with its completely automated system. The vendor claims that the FX EA can provide maximum returns with its frequent trading. Low risk and the use of precise trading algorithms help in ensuring the best returns as per the vendor. 

FxAutomater is the company behind this robot. The company specializes in creating FX robots with the help of its team of software developers and trading experts who have over 50 years of combined experience. Other products of the company include BF Scalper, Omega Trend, Gold Scalper, Grid Master Pro, and more. Unfortunately, we could not find info on the founding year, the location, phone number, etc. The lack of vendor transparency makes us suspect the reliability of this MT4 tool. 

The highlights of Forex Gold Investor

Features of Forex Gold Investor
Features of Forex Gold Investor

Some of the features of this FX EA that set it apart from other similar products are:

Money management

This FX Robot decides the entries and exits based on specific trading logic that combines algorithms for protecting profit and reducing the drawdown. The exit algorithms close the trades accurately preventing big losses from occurring.

Increased trading frequency

The EA is designed to trade actively all through a trading session. The high frequency helps in improving the profit-generating potential.

No complicated optimizations

Adaptive algorithms are used by the robot to ensure you execute your strategy seamlessly. The system does not require complex optimizations for working effectively.

Although the vendor assures high profits and low risk, the real trading results indicate a risky approach and low profits proving the claims are false.

Trading strategy of Forex Gold Investor

According to the vendor info, this FX EA uses several strategies including trend and impulse-following methods which have been proven effective. The chosen models were refined and improved over the past 12 years to ensure successful results. However, there is no further explanation of the approach. The insufficient explanation raises doubts regarding the reliability of this FX EA.

Backtesting reports

The vendor provides a backtesting report done from 2004 up to 2017 using the ‘every tick’ model of 90% quality. Here is a screenshot of the strategy tester report:

Backtesting report of Forex Gold Investor
Backtesting report of Forex Gold Investor

From the above report, we can see the test was done with an initial deposit of $2000. A total net profit of 57205 was generated on executing 3716 trades. The profitability was 69.16% and the profit factor was 1.90. A maximum drawdown of 7.46% was present for the account. While the drawdown is low, the profits are not high. Further, the number of trades is very low contrary to the claim of high-frequency trades by the vendor.

Trading results in real time

A real USD account using the IC Markets broker and the leverage of 1:500 on the MT4 platform is shown below.

Growth curve of Forex Gold Investor
Growth curve of Forex Gold Investor
Advanced trading stats of Forex Gold Investor
Advanced trading stats of Forex Gold Investor

From the above screenshots, we can see the account has a total profit of 112.92%. The daily profit is 0.18% and the monthly profit is 5.71%. For the account that started trading in October 2020 with a deposit of $247.04, a total of 352 trades have been executed. 

Profitability of 69% and profit factor value of 1.32 are present for the account. From the trading history, we can see a lot size of 0.01 is used. A drawdown of 38.17% is present for the account. It indicates a risky approach. Compared to the backtesting results, the drawdown is higher and the profit factor is lower.

Forex Gold Investor price

Pricing package of Forex Gold Investor
Pricing package of Forex Gold Investor

A special offer is now available for purchasing this FX EA. From the original price of $397, the vendor has discounted $120. The current price is $277 and includes one real account, an unlimited number of demo accounts, an advanced news filter, and a broker spy module. A 60-day money-back guarantee is present for the product. When compared to the price of other similar systems, the price of this FX robot is a bit expensive.

Customer support

For support, the vendor provides an online contact form. There are no other support methods available like live chat, phone number, etc.

Are traders happy with Forex Gold Investor?

We could not find user reviews for this FX EA on reputed sites like FPA, Trustpilot, etc. The absence of feedback indicates it is not a popular product among traders.

Forex Gold Investor

Forex Gold Investor
2 5 0 1
Wrapping up, our assessment of the various characteristics of Forex Gold Investor reveals crucial drawbacks that make it unreliable. The risky approach seen in the real trading results, lack of vendor transparency, insufficient support, and the absence of user reviews are shortcomings that make this system untrustworthy.
Wrapping up, our assessment of the various characteristics of Forex Gold Investor reveals crucial drawbacks that make it unreliable. The risky approach seen in the real trading results, lack of vendor transparency, insufficient support, and the absence of user reviews are shortcomings that make this system untrustworthy.
2/5
Total Score
  • Functionality
    2/5 Bad
  • Trading Strategy
    1/5 Awfully
  • Live Results
    2/5 Bad
  • Customer Support
    2/5 Bad
  • User Reviews
    1/5 Awfully

Advantages

  • A completely automated software
  • Verified trading results

Disadvantages

  • The strategy explanation is vague
  • Trading results show a risky approach
  • Lack of vendor transparency
Total
0
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