Over the past few years, the volatility of the precious metals markets has not changed. This allows investors to make more accurate forecasts based on fundamental factors and technical analysis. Forex Gold Investor is a fully automated trading system that focuses on commercing precious metals. The robot pays special attention to the GOLD asset.
The uniqueness of the presented trading system lies in the fact that it is focused on investing the user’s deposit in precious metals, which are marked by a stable trend growth price. The described software product was developed by a famous group of programmers and traders FX Automater. In addition to Forex Gold Investor, they have created more than 5 similar systems operating under different algorithms.
Description of the principles operation of the Forex Gold Investor robot
Forex Gold Investor, as has stated on the site, provides 88% of revenue transactions. We will write about the test results in the review below. And now we will indicate the general characteristics:
- Advisor type – indicator;
- Trading terminal – Metatrader;
- The minimum deposit is $ 300 (this is the recommended value, which is eligible to correlation);
- Timeframe – M15;
- Currency – XAU.
An automatic robot opens transactions inside the trading day. The developers stated that the strategy is based on the principles of intraday changes in the price of an asset for precious metals. But the details of the strategy are not described and not explained. This creates certain informational problems and raises a number of questions to the honesty and truthfulness of the information submitted on the described robot.
According to the descriptions of the trading robot, it is enough to install it in the Metatrader 4 trading terminal and completely forget. The activation of the robot on the selected trading schedule is carried out through the “Navigator” section (on the left, the bottom menu under the block of quotes).
Transactions automatic robot opens inside the trading day. The developers stated that the strategy is based on the principles of intraday changes in the price of an asset for precious metals. But the details of the strategy are not described and explained. This creates certain informational problems and raises a number of questions to the honesty and truthfulness of the information submitted on the described robot.
In the description on the official website of the developers indicated that the bot is trendy. But here comes an objection, because it is also written that the robot sells short-term transactions within the trading session. And how can you determine the trend within a single trading day? This is already called a tendency, which will not be strongly expressed. How much are you willing to entrust your savings to a similar system that tries to trade with the trend within the trading day?
Why Forex Gold Investor should be treated with caution
Hence the question arises: have you often seen trading robots in which you do not need to optimize settings in accordance with the actual conditions of financial markets? If you have previously encountered the installation of any trading robot on Metatrader, then you are aware of the need to select parameters at the stage of Forex bot activation on the selected chart.
What may indicate the absence of the need to change the settings and optimization:
- Lack of embedded technical indicators that would require customization for specific market conditions (as is the case with most effective tools in Metatrader);
- Lack of clearly defined algorithms;
- The presence of a guessing methodology in the registered code of the trading robot.
Another factor that may be suspicious of the integrity of Forex Gold Investor developers is overly positive trading results. According to the creators, the robot is tested for 14 years and has a maximum drawdown of 7.5%. Seriously? Backtests for 14 years? But Metatrader 4 appeared in 2005-2006 only! No one has any real confirmation that this trading system has existed for so many years. This is probably another advertising ploy for novice traders who do not yet have enough experience or skills in using automated trading systems.
A drawdown of 7.5% is indicated only on the official website. Real tests have shown that the drawdown reaches 37%.
The cost of Forex Gold Investor is $ 237 at the time of writing this review (the price is per share). At the same time, the developers offer for this price the connection of 1 real trading account, the connection of 1 demo account, as well as the test mode for 60 days with the possibility of a refund.
Please notice that you can only get a refund if you find technical errors or system malfunctions. If your deposit simply becomes empty from the results of trading Forex Gold Investor, then no one will return anything to you.
Therefore, we advise you to pay attention to this trading robot only if you are ready to test the system with a deposit of $ 500-1000. Otherwise, you simply do not pay back the cost of buying a robot.