Monsta Gold is an expert advisor that uses a fully automated trading approach. It uses a special trading approach, which the developer claims, has been designed and tested for several years. As per the developer, this FX EA trades at a high frequency which enables it to buy and sell in just a fraction of a second. This EA was first published on the MQL5 site in September 2021 which makes it a fairly new product. 

Monsta Gold: characteristics

Features of Monsta Gold.

ThiTra Mi Duong is the developer of this FX robot. The developer is from Vietnam and has created 5 products and 2 signals. Other products of the developer include Master EURUSD, Predator GBPUSD, and more. There is no location address or phone number present for contacting the developer. An email address and messaging via the MQL5 are the main support methods present. 

Some of the features that the developer focuses on include fully automated software with a time filter, the use of SL for capital protection, and position trailing stop. The developer claims that you need not require a big initial deposit.

Currency Pairs, strategy & timeframe

Strategy used by Monsta Gold.

This FX robot works on Gold and the XAUUSD pair. There is no info related to the timeframe and leverage used for the EA. A minimum balance of $200 and the use of an ECN account with a low spread are the recommendations of the developer. 

Price action, instantaneous price movement, and multiple timeframe analysis are the methods used for the strategy. As per the developer, this FX robot uses algorithms and modern equipment for fast trading. There is no further explanation for the trading approach. 

Monsta Gold trading performance

A couple of backtesting results are present for this expert advisor. Here is a strategy tester report from January 2020 up to September 2021.

Backtesting report of Monsta Gold.

From the report, we can see the test done using the M5 timeframe had generated a total net profit of 22746434.81 for a deposit of $1000. The maximum drawdown for a total of 2590 trades was 0.30%. A profit factor of 12.59 and profitability of 71.97% was present for the account. 

The low drawdown and high profits show a decent performance. But since the test was done using historical data, we cannot predict a similar result in real trading. Moreover, the modeling quality is 90% only which does not provide info on details like the commission, spread, etc. 

We could not find real trading results for this EA on reputed sites like Myfxbook, FXStat, etc. Without real trading results, it is difficult to know about the strategy, drawdown, risk to reward ratio, and more. The lack of a verified track record raises a red flag for this FX robot.  

How much does it cost?

Pricing package of Monsta Gold.

To purchase this expert advisor, you need to pay $299. A rental option is provided by the vendor which costs $259 per year. A free demo offer is present. There is no money-back guarantee for this product. This raises suspicion on the reliability of the system. Compared to the price of competitor systems in the market, we find the price is a bit on the higher end. Further, since the system is fairly new and does not have the real trading performance to prove its efficacy, we find the price is not worth it.

Reviews from customers

We could not find user feedback for this FX EA on the reputed sites like Forexpeacearmy, Trustpilot, etc. A couple of reviews are present on the MQL5 site. But since the site promotes the product, the chances of the feedback being manipulated are high. 

Should you use Monsta Gold robot?

Fully automated expert advisorA vague explanation of the trading approach
No verified trading results
No refund policy


Monsta Gold claims to use a high-frequency trading approach that ensures increased returns. Our evaluation of the expert advisor reveals several downsides in the system. To begin with, the developer does not provide much info on the features and functionality of the product. The explanation provided for the trading approach is vague and does not provide proper insight into the system. While the developer provides backtesting results, there are no real trading results verified by reputed sites like Myfxbook. The absence of a proven performance record is a major drawback of this EA. Further, the inadequate support, lack of customer feedback, and the absence of a money-back guarantee are other downsides that confirm our assessment of the unreliability of this FX robot.