In this post I will be reviewing the Forex Gold Investor EA that trades the XAUUSD pair on the free to download MetaTrader 4 trading platform. Most of you will know that an EA is an expert advisor but for those who you that don’t, an expert advisor is simply another term used by MT4 to describe a forex robot. The Forex Gold Investor EA is a forex robot that will trade automatically for you. Following the provided instructions, you simply set it up to trade on your MT4 terminal on the XAUUSD chart and it will trade when it finds a signal based on the built-in algorithm.
Fxautomater are the developers of the Forex Gold Investor and have a large selection of forex robots that I have previously reviewed including News Scope EA Pro, Forex Trend Detector, Wall Street Forex Robot, Forex Diamond EA, Volatility Factor Pro, BF Scalper Pro, Grid Master Pro, Smart Scalper Pro, Gold Scalper Pro and the Omega Trend EA.
In this Forex Gold Investor review, we will take a look at the automated trading strategy that it uses along with backtests and most importantly, real verified results of the expert advisor. Hopefully this will help you to decide if this is a trading robot that you would like to use on your forex account or not.
Forex Gold Investor EA Trading Strategy
As the name suggests, the Forex Gold Investor EA trades the XAUUSD. It is a more long-term trading system than most forex robots, it will look to hold trades for hundreds of pips which is why it does not trade that frequent. If you are looking for more action, then you might want to consider a scalping robot instead such as the Forex Scalping EA. There is a built-in money management system and drawdown protection system. It also has built in dynamic filters to try and adjust to the current market conditions without being too rigid.
I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds. IC Markets are my top choice of broker when it comes to automated trading systems. This is because they have deep liquidity pools which means that you can get access to some of the best prices on the forex market at all times. This can help to save in trading costs in the long run.
Whilst the Forex Gold Investor EA is a fully automated forex trading robot, you could always set the software to semi-automated mode in which instance it would send you an alert when it finds a trading signal and you could decide from there if you would like to enter the market or wait for the next opportunity to come along. I would always like to perform my own additional market analysis where possible as extra confirmation for all trades. This could include technical analysis, fundamental analysis and price action analysis. Generally speaking, the more aspects of market analysis that you have covered, the more informed your trade decisions can be.
The developer has made all of the Forex Gold Investor EA settings externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
For those of you who have the experience, you are free to experiment with the Forex Gold Investor robot to develop your own bespoke set files. I would use the MT4 strategy tester to backtest the software across different currency pairs and chart timeframes to discover unique combination of settings that match my trading style and goals. There are recommend currency pairs to use but that does not mean you cannot run it on other financial instruments. However, if you do wish to experiment with the Forex Gold Investor EA software, then you may want to do so on a demo account to begin with and see how things go.
Forex Gold Investor EA Back Testing
The Forex Gold Investor EA official website has some back tests using fixed lots and money management, over a 14-year period. Modelling quality is just 90% so I would like to see it tested using Birts Tick Data Suite for 99% modelling quality with real variable spreads, real slippage, real tick data and commissions included. Otherwise, we cannot draw an accurate conclusion from these backtest results as these are very important factors that can have a huge impact on the Forex Gold Investor EA results. I have seen many trading robots that look great with 90% modelling quality but crash and burn when tested properly with 9(% modelling quality. Hopefully the developer will take this into consideration and improve the quality of the Forex Gold Investor backtests.
Forex Gold Investor EA Live Results
Where the backtests are lacking, I think that the Forex Gold Investor robot developers help to make up for it by sharing some verified Myfxbook accounts. These can give you a good idea of how the EA trades and how it has been performing throughout various market conditions. I think it has been doing OK based on the remaining accounts that have not been deleted. However, it looks like there is some room to improve on the drawdown which could perhaps be done by working on the money management of the EA. As mentioned earlier in the review, you are free to experiment with all of the settings to develop your own unique combination. Perhaps with some practice you could even build something that will improve on the default settings to share with the developer. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Gold Investor EA Summary
Overall, I feel that this automated trading system has some potential but will require a few tweaks to get it right. You will also need a broker with suitable trading conditions as the XAUSUD pair can have high spreads. The Forex Gold Investor EA holds trades for the mid to long-term and requires a certain type of trading style. It is also rare to find a forex robot dedicated to trading gold which make the Forex Gold Investor slightly unique in this aspect. I feel it needs to be optimized in the MT4 strategy tester using 99% modelling quality. Regardless, the Forex Gold Investor is ready to use straight out of the box and suitable to all levels of traders. You also have some verified trading accounts to get a feel for how it works whilst you could even test it on a demo account to begin with. Just keep in mind that demo and real account conditions can vary significantly. Full support, free updates, full instructions and a money back guarantee are included.
Forex Gold Investor EA
$197
Pros
- Fully Automated Gold Trading Robot
- Customisable Settings
- Verified Results Provided
- Backtests Available
- Any Forex Broker
- Full Support
- Free Updates
- Detailed Instructions
- Money Back Guarantee
Cons
- XAUUSD only
- MetaTrader 4 Only
- Limited Backtest Quality
- Potentially High Drawdowns
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
