Forex Robots

Gold Eagle Review: It’s a Too Young Trading Solution to Treat It Seriously

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Gold Eagle

Gold Eagle is a trading advisor that was released on September 26, 2020. The current version is 3.5. The last update was released on April 6, 2021. It was activated five times and the demo downloaded 2,473 times. The developer is well-known among the MQL5 community.

Gold Eagle Strategies and Tests

It’s time to talk about strategies, details, and settings:

  • The Gold Eagle advisor works fully automatically for us.
  • The system has Trend Line Pro Indicators behind the system and uses a Grid strategy.
  • It works with Gold only.
  • The system can use cost averaging to be profitable.
  • There’s a mobile trading panel for managing auto-trading functions and the ability to open trades manually.
  • The system uses the DD Reduce Functions settings to close manual opened deals with profits.
  • There’s a recommended set file attached to the User’s Manual.
  • We can receive “set aggressive or conservative trade style using the HTF and Candle filter parameters in the settings of GOLD EAgle.”
  • We have to download history data right before executing backtests.
  • The developer mentioned that set files can be downloaded from a blog.
  • We have to write an email to receive “a personal invitation.”
  • We have to use only Hedge accounts for trading.

Trading Chart

Trading Chart

Trading Chart

Trading settings

Trading settings

  • There are many screenshots of how the system works, what settings it has, and other details.

Gold Eagle Live Trading Account Review

The presentation includes no backtest reports. It’s a huge con as without reports we can’t know how the system worked and what profits it made working on the past data provided by brokers.

USDC account

We have a real USDC account under robot management on the RoboForex broker with the 1:1000 leverage. The absolute growth is 19.14%. The maximum drawdown is 36.9%. The maximum deposit load is 12.9%. The win rate is 82.6%. The trading activities occurred 88.5% of the time.

Average account performance

The system had traded for 20 days. The latest trade was two days ago. An average trade frequency is 39 deals weekly. An average trade length is seven hours. The account was deployed on June 07, 2021.

Gold Eagle growth

The robot closed the first month with profits.

Gold Eagle drawdowns

There was a period of quite deep drawdowns.

Trading Account

The robot uses x3 Martingale to recover after losses.

Average account performance

The robot has closed 213 orders. An average profitable trade is $1641 when an average loss is -$1467. The maximum win streak is 24 deals. The recovery factor is 2.23. The profit factor is 1.65. An average profit is $68.88 when an average loss is three times deeper -$198.59. The average monthly growth is 19.14%.

Distribution of profits and losses

The robot works with Gold only.

System warning

The system received warning because of high trading activity.

Pricing

The robot costs $199 for a digital copy. We have a one-month rental option based on the fair price – $63. There’s a demo download option, so we can check its parameters on the terminal.

Is Gold Eagle a Scam?

Most likely, it’s not. The developer is quite known.

People Feedback

People Feedback

We have various comments published by real clients. As we may note, the developer is quick to answer.

Gold Eagle Review

4

Gold Eagle is an all-new trading advisor based on the Trend Line Pro indicator. The system uses a Grid of orders with conservative Martingale to make profits on Gold. The system is a just-released trading solution. So, we can’t suggest it to you.

  • Strategy explanations provided
  • Well-known developer
  • Real-account trading results provided
  • Fair price for a lifetime license and rental option
  • No risk or money management advice given
  • The robot works only on a Cent account
  • We have no backtest provided
  • Some negative comments are presented
  • The trading solution is too young

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