InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate
Forex Expert AdvisorsReviews

Gold Miner Review: Is This Forex Robot Profitable or Not?

by manager91 05/31/2022
05/31/2022

Gold Miner is a robot that manages orders on Forex. It focuses on the single pair–Gold. To understand if this system is profitable we will analyze its trading results, backtest reports, customer reviews, and the other data in this Gold Miner robot review. 

Gold Miner pricing

The pricing is simple. We should pay $30 for a real account copy. There are no rental options available. 

Discover 10 Best FX EAs That Are Worth Investing

Is Gold Miner good?

The trading results and a backtest report doesn’t look smooth and predictable. So, it’s difficult to say that it’s a good trading tool to invest right now. 

Features of Gold Miner

The developers provided various explanations and details that we systemized in the following list. 

  • The advisor covers us with automatic orders execution. 
  • It seeks for oversold or overbought levels to place an order on the market. 
  • It also uses a Grid of orders to make more profits. 
  • The system has a recovery feature. 
  • So, it sounds like Martingale. 
  • Orders can be closed on Friday not to keep them over a weekend.
  • It places relevant SL and TP levels to protect orders. 
  • We can work with other indicators on the same account.  
  • There are MT4 and MT5 copies available. 
  • The account type has to be Hedge. 
  • It works with a Trailing Stop Loss feature to protect our profits.
  • We can get our terminal restarted after the system updates itself. 
Trading TerminalsMT4 and MT5
StrategyMartingale
TimeframeN/A
Price$30
Money RefundN/A
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes
Customer ReviewsYes

What strategy does Gold Miner use?

  • It trades, using a Grid of orders strategy around oversold and overbought positions. 
  • We can work with XAUUSD, GBPUSD, USDCAD, EURUSD, USDJPY, USDCHF, AUDUSD, and NZDUSD pairs.
  • The core pair to trade is Gold. 
  • The time frame information isn’t revealed. 

Backtesting vs live trading results

Gold Miner backtest

We have only a picture of a backtest report provided. It’s noticeable that the robot worked with deep drawdowns and used martingale to recover. 

Gold Miner trading results on MQL5

Gold Moner has been running a real account created on Alpari. The leverage is 1:200. It works with a maximum drawdown of 15.1% and maximum deposit load of 32.9%. The win rate is high–89.7%. 

Gold Miner growth chart

The robot lost March 2022. So, the system doesn’t look predictable. 

Gold Miner closed orders

The system can easily increased lot sizes from 0.02 to 0.17. 

Gold Miner statistics

There were 107 deals traded. The best trade is $40.30 when the worst trade is -$61.83. The recovery factor is 7.84 when the profit factor is 2.75. An average monthly growth is 66.16%.

Gold Miner traded pairs

The system prefers trading the long trading direction. 

The core team

The dev’s profie on MQL5

Nguen Nghiem Duy is a developer from Vietnam. He has a year of the MQL5 experience with a 24,328 rate. His portfolio has a 4 out of 5 possible rate based on 57 reviews. 

End notes

End notes

Gold Miner is a system that focuses on trading Gold on the real market. The presentation includes general explanations and details about the system performance. Trading results showed that the robot uses Martingale to recover or to make more profits. It’s a risky approach, especially for newbies.

InvestGrail
  • Yield
    5
  • Reliability
    4
  • Trading Approach
    3
  • Consistency
    4
  • Customer Support
    6
The Goods
  • Trading results provided
  • Affordable pricing
The Bads
  • No risk advice given
  • No settings explanations provided
  • No backtest reports shared
  • The robot is a young trading solution
4.4 2.2 5
Average Score
Discover 10 Best FX EAs That Are Worth Investing
Share
0
FacebookTwitterPinterest
previous post
Advanced Scalper Review: Is This Forex Robot Profitable or Not?
next post
Top 5 Best Solid-State Battery Stocks to Pick Up

Related Posts

The 5%ers Review

08/18/2023

FundedNext Review

08/16/2023

Topstep Forex Review

08/14/2023

FTMO Review

08/12/2023

SurgeTrader Review

08/10/2023

Tech Trader Review

08/08/2023

Tickeron Review

08/06/2023

BlackBoxStocks Review

08/04/2023

Trend Spider Review

08/02/2023

Trade Ideas Review

07/31/2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

8  +  2  =  

Recent Posts

  • $TRUMP and other meme coins won’t be protected by SEC, Commissioner Hester Peirce says
  • Man charged in New York with 3-week kidnapping to try to steal Bitcoin
  • Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026
  • Second suspect in New York bitcoin kidnapping surrenders to police
  • Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival

Top Articles

  • The Best Copy Trading Platforms List: Pros, Cons and Comparison

    06/28/2022
  • Best 5 Silver Backed Cryptocurrency to Buy Right Now

    05/09/2022
  • Desktop Crypto Portfolio Tracker: Best 5 for Investing & Active Learning

    04/23/2022
  • Top 5 Best Coins to Mine for Beginners

    10/04/2021
  • Best Forex Robots – Top 10 FX EAs 2022

    10/04/2021

Categories

  • Analysis (17)
    • Fundamental Analysis (9)
    • Technical Analysis (8)
  • Investing 101 (112)
    • Crypto (66)
    • Forex (8)
    • Options (6)
    • Stock Market (32)
  • News (130)
  • Reviews (183)
    • Brokers (7)
    • Crypto Robots (26)
    • Forex Expert Advisors (138)
    • Forex Signals (2)
    • Investing Apps (9)
  • Strategies (90)
    • Arbitrage (12)
    • Day Trading (25)
    • Investing (18)
    • Options (13)
    • Swing Trading (19)
  • Top (7)
  • Uncategorized (5)
  • Home
  • Contacts

@2023 - All Right Reserved. Investgrail.com

InvestGrail
  • Top FX EAs
  • Investing 101
    • Crypto
    • Options
    • Forex
    • Stock Market
  • Strategies
    • Day Trading
    • Swing Trading
    • Arbitrage
    • Investing
    • Options
  • Analysis
    • Technical Analysis
    • Fundamental Analysis
  • Reviews
    • Online Brokers
    • Forex Expert Advisors
    • Crypto Robots
    • Investing Apps
  • Top Articles
    • Best Forex Robots – Top 6 FX EAs 2022
    • Best Desktop Crypto Portfolio Trackers
    • Best 6 Forex Brokers That Accepts Crypto Deposit for Trading
    • The Best Copy Trading Platforms List: Pros, Cons and Comparison
    • Top 5 Best Coins to Mine for Beginners
    • Top 5 Best Gaming Crypto Coins to Participate