Golden Million is said to be a very easy-to-use Forex robot. The vendor has hidden all the pointless parameters to allow you to set it up easily. Your part is to just select the correct risk and run the EA. Golden Million runs on the MT4 and MT5 platforms and mainly trades Gold. The dev intimates that the system is very profitable, and he is on a mission to help traders succeed in Forex.
Is investing in Golden Million a good decision?
From our assessment of the robot, we have learned that it is not running any live account on Myfxbook and most traders using it are unsatisfied with its workings. You should also note that backtest results are available and they show impressive results.
Company profile
Aleksei Bordak is the vendor behind this trading tool. He is a Russia-based professional algorithm developer with 15 years of programming experience. He says he has created hundreds of trading algorithms for the financial, crypto, and Forex markets.
Main features
Here are the main features of the robot:
- It is user-friendly.
- The recommended timeframe is H1, while the leverage is 1:100 and higher.
- It uses a hedge account.
- The system shows best results with IC Markets.
The strategy used by this robot is not indicated. The vendor only says he has incorporated many patterns into the system. It is impossible to know how the robot searches for trading opportunities with such a vague description.
Price
A lifetime license for Golden Million currently retails at $999. We also have two renting options; one for 6 months that costs $499 and an annual plan that asks users to pay $699. In addition to being expensive, none of the packages offers a money-back guarantee.
Trading results
According to this backtest report, Golden Million attained a net profit of $80720861.13 when the owner tested it on historical data. Out of the 1252 trades completed, 92.25% were profitable. Ultimately, the profit factor was 12.25, while the average profit trade and the average loss trade were $76099.62 and -$73960.84, respectively. There was a maximum drawdown of 1.08%, which suggests that the EA didn’t apply many risks while trading.
Aleksei doesn’t provide us with the live trading results for this EA. This is strange considering how he boasts about the ability of the system to earn lots of money for the user. Tangible proof is needed to make his claims believable.
Customer reviews
Based on the comments the customers have made about this robot on mql5, it is apparent that most of them are disappointed by it. Among the claims made are that the EA makes small wins and losses trades. However, there’s a client who admits he’s been blown out by the success of this system.
Summing up
Golden Million is an overpriced EA that doesn’t feature any live trading stats on its presentation. Therefore, we cannot verify if it’s lucrative as the vendor purports. Furthermore, nothing is known about the trading strategy the system uses to trade. The strategy may not be effective as most clients have complained about not getting good outcomes with it. Anyway, the vendor has shared the backtest results, which illustrate how it can work in the long run.
