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

Golden Million Review: Is This Forex Robot Profitable or Not?

by manager91 05/06/2022
05/06/2022

Golden Million is an expert advisor that is being sold on MQL5 at $499. It is user-friendly, and the vendor has hidden all the unnecessary parameters for easy installation. Your only job is to select the risk setting you want and run the advisor. The vendor doesn’t guarantee any profits because the Forex market is very unpredictable. However, he says he has tried to put as much effort as he can into this tool. 

Is Golden Million good?

Golden Million is pretty expensive. Since the vendor fails to supply any live trading data proving the EA’s performance, it may be difficult to determine if it is worth this money. But as we examined the customer reviews on MQL5, we realized that most traders are not impressed by the tool. These are some of the factors that you should consider before purchasing the EA. 

Features of Golden Million

Trading TerminalsMT4 and MT5
StrategyHedging
TimeframeH1
Price$499, $199, or $399
Money RefundN/A
Recommended DepositN/A
Recommended Leverage1:100 and higher
Money managementYes
Customer reviewsAverage (2.67 out of 5 rating based on 18 reviews on MQL5)

What strategy does Golden Million use?

Golden Million was created to trade on the XAUUSD currency pair on a hedge account. So, even though the developer doesn’t say it, we believe that the hedging strategy is the main trading strategy applied. The method focuses on protecting a user’s position in a currency pair from an unfavorable move. 

Backtesting vs live trading results

Backtest report

The EA was backtested using real tick data and had a 98% historical quality. A total of 1252 trades were carried out for this period. As a consequence, a total net income of $80720861.13 was realized. The drawdown (1.08%) generated was very low, meaning that the system traded safely. There was an impressive profit factor of 12.25, indicating Golden Million was very productive. 

The live trading results for this EA are missing. We are beyond disappointed. The developer really hypes the product, suggesting that it is very profitable, and one of the creations that have helped grow his portfolio by several million dollars. Therefore, the public obviously expects him to provide tangible data to back up his claims. The lack of trading data thus raises some serious concerns about the real profitability of the system. 

The core team

A Russia-based developer known as Aleksei Bordak is responsible for creating this trading tool. He is also selling another solution, namely New Million on mql5. Aleksei purports to have more than 15 years of finance and programming experience. He has also traded in the crypto and Forex markets for quite a while now, doing a lot of groundwork and creating both successful and unsuccessful algorithms. 

End notes

End notes

Golden Million is easy to use and can be used by both novice and experienced traders alike. The backtest results are available and demonstrate that the strategy on the board is viable. However, the lack of live trading stats makes us question whether the algorithm is indeed profitable in the real market. More so, the poor customer rating hints at a system that might be ineffective.

InvestGrail
  • Yield
    2
  • Reliability
    3
  • Trading approach
    4
  • Consistency
    3
  • Customer support
    3
The Goods
  • Backtest results are present
  • Easy to use
  • Compatible with both the MT4 and MT5 platforms
The Bads
  • No live trading results
  • Expensive pricing
  • Poor customer rating
3.0 1.5 5
Average Score
Discover 10 Best FX EAs That Are Worth Investing
Share
0
FacebookTwitterPinterest
previous post
Best 5 Cryptos to Buy for Healthy Staking Income
next post
Top 5 Blockchain Startups to Watch

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.

88  +    =  97

Recent Posts

  • Analysts see Bitcoin at $100,000 soon
  • Spartan Delta Corp. Announces First Quarter 2025 Results
  • XRP trading volume steady at $3.2B in Q1, but XRPL activity contracts sharply · Cardano Feed
  • Totally free Bucks, Bonus Drops, and Match Also provides from Golden Grimoire Rtp $1 deposit the Wager Big Dollars Casino – América Digital
  • Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3

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 (101)
  • 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