GOLD EAgle Review: Things to Consider Before Investing

GOLD EAgle

GOLD EAgle is a Forex expert advisor that was designed by one of the most known developers on the MQL5 market – Evgenii Aksenov. The advisor was downloaded for demo usage 3,017 times. It was published a year ago, on September 26, 2020. Since that time, the system has gotten some updates up to the 3.9 version. 

The highlights of GOLD EAgle

There are some details and various features explained. We have grouped them up for comfortable reading. 

  • The system is an automatic trading solution. 
  • It trades the only cross pair – XAUUSD. 
  • It works with a Grid strategy and it’s based on a grid-based indicator. 
  • The system can optimize trading by placing several orders to close a Grid in profits. 
  • We can manage auto trading functions and open orders manually if needed. 
  • The system can close our manual opened trades. 
  • We will have a user manual with an attached set file. 
  • We have to decide to trade aggressively or be more conservative. 
  • We can set news filters following a guide. 
  • There is a set file for conservative trading. 
  • We can receive an invitation to a personal customer support chat. 
  • We have to use the system on a hedge account. 
GOLD EAgle settings
GOLD EAgle settings
  • We have to allow receiving data from the site. 
Trading activity chart of the robot
Trading activity chart of the robot
  • The system has a double-direction Grid feature. 
GOLD EAgle’s trading chart
GOLD EAgle’s trading chart
  • The panel allows us to trade manually. 

Here are the features that according to the developer set GOLD EAgle apart in the market:

Money management

The system manages lot sizes based on the available margin pretty well. 

Generates stable monthly income

The system has over 4% of the monthly profit. 

Drawdown control

The drawdowns are controlled. The devs claim that we are safe. 

Trading strategy of GOLD EAgle

  • It executes a Grid strategy, among others. 
  • We can work with Gold. 
  • The time frame wasn’t mentioned. 

Backtesting reports

The presentation doesn’t include backtest reports. It’s a huge disadvantage because we have no idea how and if the system worked well with the past data. 

Trading results in real-time

Trading results of Gold EAgle
Trading results of Gold EAgle

The system has been running a real $10,000 account on the well-known auto trading broker – RoboForex. The maximum drawdown is 34.4%. The accuracy rate is 69.3%. The maximum deposit load is average – 9.4%. The absolute growth has become 27.27%. 

Trading statistics of the robot
Trading statistics of the robot

The system trades 8 deals weekly. An average holding time is 22 hours. 

GOLD EAgle’s growth chart
GOLD EAgle’s growth chart

The system has closed all months with profit. 

Closed orders
Closed orders

We may note that the robot survives only because of martingale. It can easily lose three or even four orders in a row. 

Trading details of the robot
Trading details of the robot

GOLD EAgle has executed 560 orders. The best trade is $690.75 when the worst is $30.71. The best win streak is 20 orders. The recovery factor is 5.22., when the profit factor is 1.68. It’s a standard number. The annual forecast is 50.31%. 

GOLD EAgle price

GOLD EAgle pricing
GOLD EAgle pricing

The advisor costs $249 for a lifetime copy. There are no rental options provided at all. We can download a robot for demo usage. 

Customer support

The dev provides one of the best possible support on MQL5. The support is delivered within several hours during a day. 

Are traders happy with GOLD EAgle?

There are mixed customer reviews on MQL5. Thus, it is difficult to say. 

People say that GOLD EAgle is …

People testimonials
People testimonials
Customer testimonials
Customer testimonials

The system has various testimonials. We don’t know for sure if the system is good or bad. 

GOLD EAgle

GOLD EAgle
2 5 0 1
The system can trade Gold using a Grid of orders strategy. Trading results show that the system cannot succeed without Martingale. It sits in deep drawdowns quite often. The presentation includes various testimonials. We don’t know if it’s possible to work steadily with the advisor on a real or demo account.
The system can trade Gold using a Grid of orders strategy. Trading results show that the system cannot succeed without Martingale. It sits in deep drawdowns quite often. The presentation includes various testimonials. We don’t know if it’s possible to work steadily with the advisor on a real or demo account.
2/5
Total Score
  • Profitability
    3/5 Neutral
  • Strategy
    2/5 Bad
  • Reliability
    2/5 Bad
  • Price
    2/5 Bad
  • Customer Testimonials
    3/5 Neutral

Advantages

  • The robot works on a well-deposited account
  • The dev is a well-known person

Disadvantages

  • No settings details explained
  • No risk advice given
  • No backtest reports provided
  • The system trades with huge risks
  • No refunds supported
Total
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