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Expert Advisors Reviews

Forex Gold Investor EA Review - Is it scam or good forex system?

Nov 01 2017
Jonathan Smith

The Forex Gold Investor is an automated trading systems which, as its name partially suggests, trades gold. In this review, we will attempt to unveil its secrets.




The team behind the Forex Gold Investor states this EA attempts to exploit the intra-day cycles in the gold market. If you follow the dynamics of spot metal trading, you may have noticed a difference in the price action when the Asian, European and US markets are active. This is often connected to major news/policy announcements which come periodically, at the same time of day. 


The hourly breakdown reaffirms the developers’ words (which is not a given in the EA marketplace):



After rigorous testing, the developers have selected 2 strategies to implement in this robot. When looking at some of the trades, we couldn’t exactly figure out the logic behind this robot. Here is a preview of the most recent deals:



The most important thing to note is the fact, the Forex Gold Investor does not utilize any grid, martingale or hedging strategies. As we have explained here, these trading systems can produce returns, but ultimately fall victim to their own logic.


Historical Performance


The historical performance of the Forex Gold Investor (on MyFxBook) is being tracked on a demo account, traded with Aplari. While this isn’t a huge sign of confidence, as opposed to live-account trading, the performance and track record are verified. The account is active for almost three years and has gained almost 360%. Here it is how the profit chart looks:




After seeing this for the first time, you are likely to conclude this EA is grid based. However, after a closer look we managed to conclude this is not the case – the Forex Gold Investor simply has disproportionate risk to reward rations. While they are initially set at a reasonable rate, the system closes out the winners sooner than the desired target. This is probably done by an algorithm predicting the likelihood of a continuation. That being said, the strategy still manages to do well, because it has much more winners than losers. 


Here is how the drawdown chart looks:



It corresponds with what we saw in the profit chart – slow earnings and sharp declines. The peak comes slightly above 30%. While this may worry some investors, given the returns generated by the software, such risk tolerance seems acceptable.



We like to compare the average pips per trade of expert advisors, as this factor given an estimate of the future expectancy of the given system. However, as the Forex Gold Investor only trades in the gold market, paring it within EAs who trade currency pairs will not yield meaningful results. Suffice it to say, this system has a positive expectancy, which has historically beaten the spread by a lot. The expectancy is 75.2 “pips” in XAU/USD.




When its comes to pricing the, Forex Gold Investor is sold with the popular "per license" model. This means each copy of the software will be linked to a specific MT4 account and not usable with others. Typically this EA will cost you $397 for a single real account license, but at the time of writing there was a discount to $297. Depending on when you are reading this, it may or may not still be in place. It is worth mentioning, this offer also features connecting multiple demo accounts for testing purposes. Furthermore a 60-day, “no questions asked”, money back guarantee is available.


Bottom line


Forex Gold Investor is a gold trading EA. It trades the precious metal intraday and follows two trading strategies. As our analysis of its historical performance suggests, this robot makes slow and steady gains, only to later have a (relatively) big loosing trade. While this may sound counter-intuitive to most manual traders, the EA has a very high successful prediction rate, which leads to sustained results. The key thing to note is that this is not a grid or martingale based system. Here are the pros and cons of this EA:


Pros Cons
History confirms developers’ description History is presented on a demo account
No grids/martingale involved Drawdown has reached 30%
360% returns for almost 3 years  


Visit Forex Gold Investor Website


TAGS: forex gold investor  forex gold investor ea  forex gold investor ea review  forex gold investor ea scam  forex gold investor robot  forex gold investor robot review  forex gold investor robot scam 

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