EA Gold Stuff is present on the MQL 5 marketplace, where the algorithm can be purchased for an asking price of $199. The EA trades using a personal indicator that is present within its code. According to the developer, the system’s configuration is tweakable and can be used to change the performance of the product. To see if the expert advisor is actually profitable, we will review it in our article and list all the pros and cons in detail.
Is investing in EA Gold Stuff a good decision?
The lack of transparency on the system makes it a bad decision to invest in. Many algorithms available in the marketplace claim to have the best accuracy but fail to show live records. This usually means that the profitability statements about the product are fake.
Company profile
Vasiliy Strukov is the author of the product. He resides in Russia and has a total rating of 5 for 544 reviews. The developer has 16 products published on the MQL 5 marketplace and has no subscribers for his services.
There is no transparency on the trading records of the developer. The website states that the total experience of the author is two years but fails to give us any certificates or live documents that could prove that.
Main features
The robot comes with the following main features:
- The hedging options can be turned on and off.
- Traders can tweak the stop loss and take profit
- The drawdown of the product can be reduced by entering the value within the settings.
- It is possible to adjust the trading conditions such as spreads etc.
To install the EA, use the following steps:
- Purchase the system from the developer at the MQL 5 marketplace
- Login to your MT 4 account at the platform
- Attach the robot to charts to start trading
Strategy
The developer states that the EA uses a custom indicator that provides trades based on trends. Traders can adjust the settings within the system, such as stop loss and take profit to increase or decrease the output. From the history on Myfxbook, we can deduce that there is some sort of averaging involved. The lot sizes are hidden, so we can not confirm the use of martingale.
Price
The robot is available for an asking price of $199. There are no renting options, and no money-back guarantee is available.
Trading results
Backtesting results are available for unknown currencies and duration. The relative drawdown was around 91.17%. The winning rate was 69.88%, with a profit factor of about 3.3. The test was done with a starting balance of $1000 where the robot tanked an average profit of $1406123.8. There were 2420 trades in total. The best trade was $122400, while the worst one was -$45611.6.
Verified trading records are available on Myfxbook. We have performance from December 22 2020, till March 26 2021. The system made an average monthly gain of 231.13% during the period, with a drawdown of 34.18%.
The winning rate stood at 65%, with a profit factor of 2.11. The best trade was $2920, while the worst was -$920.55 in 4960 trades.
Interesting facts
General customer reviews are available on the MQL 5 marketplace, which gives the robot a total rating of 4.68 for 251 feedbacks. One of the customers says that the EA trades using a gambling approach and that the backtest does not last more than a few months. He says there is a good chance to lose your money.
Summing up
EA Gold Stuff can not be trusted as of now due to the implementation of grid strategy. The developer hides the backtesting and live records which is a poor practice.
