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Forex Expert AdvisorsReviews

GOLD EAgle Review: Is This Forex Robot Profitable or Not?

by manager91 06/03/2022
06/03/2022

GOLD EAgle is a robot that can be used on the Forex market to make profits. The presentation explains to us how the system can manage orders on the real market. So, we decided to take a closer look at it.

The current price is $149 for a copy when the previous one was $249. We have no rental options available. Anyway, the MQL5 platform allows everyone to dowload a demo copy of the robot for free. So, we can check settings and perform backtest on the terminal.

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Is GOLD EAgle good?

We can’t claim this for sure because the robot should fit everyone’s trading style.

Features of GOLD EAgle

Let’s talk about the system and its features:

  • The robot can perform orders on the account automatically.
  • It manages orders on Gold only.
  • The core strategy is a Grid of several orders.
  • So, it tries to close a grid for profits by adding some extra orders.
  • We are allowed to open orders on the same trading account manually.
  • The robot is delivered with set files.
  • We can rely on a user manual if we have some questions.
  • It can open trade in aggressive or conservative modes.
  • There’s a news filter applied.
  • We will get proper files for conservative trading.
  • It can work with a Hedge type of account.
  • We can work with a double-direction Grid feature. 
  • There are no extra explanations about it.
  • The leverage can be 1:200.
Trading TerminalsMT4, MT5
StrategyGrid plus Martingale
TimeframeN/A
Price$199
Money RefundN/A
Recommended DepositN/A
Recommended Leveragefrom 1:200
Money ManagementYes
Customer ReviewsYes

What strategy does GOLD EAgle use?

  • The robot works with a Grid of orders strategy.
  • We can use it on Gold only.
  • There’s no information about the time frame provided.

Backtesting vs live trading results

GOLD EAgle backtest report

The presentation includes only a screenshot of the backtest’s growth chart. Also, the modeling quality was 90%. This means it didn’t use real spreads.

GOLD EAgle trading results

Gold Eagle works on a real Cent RoboForex account. The leverage is common–1:500. It has the maximum drawdowns at 80.3%. The maximum deposit load is 206%. So, this account is a high-risk one. The win rate amounts to 77.6%. The absolute growth has become 465.86%.

GOLD EAgle growth chart

The robot generates profits every month.

GOLD EAgle closed orders

The last three orders were the recovering with x9 Martingale after losses.

GOLD EAgle trading details

The robot executed 1194 orders when the best trade was $1093.12 when the worst was -$210.50. The recovery factor is 10.44 and profit factor is 2.14. The system can get 707.74% annually.

GOLD EAgle distribution

We have only Gold traded.

The core team

The developer’s profile

Evgenii Aksenov has a 216,001 rate. He has four years of the MQL5 experience, 34 products and 13 signals in his portfolio. His systems have a 4.7 rate based on 820 reviews.

GOLD EAgle people’s testimonials

We have a negative testimonial where a trader explained why the system doesn’t work properly. The trader tried default setitngs and customized but couldn’t manage orders right. 

End notes

End notes

Gold Eagle is a robot that works on the real market with a risky combo of Grid with Martingale. The presentation provides us with vatious explanations about how the system has to work and what we have to expect from it. Anyway, Martingale wasn’t mention as a feature to keep this account profitable.

InvestGrail
  • Yield
    8
  • Reliability
    4
  • Trading Approach
    4
  • Consistency
    7
  • Customer Support
    8
The Goods
  • Trading results provided
The Bads
  • No settings explanations provided
  • No risk advice given
  • No backtest reports provided
  • The system works with a Martingale strategy
  • From the last six orders three were lost
6.2 3.1 5
Average Score
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