Gold Eagle currently works on the MT 5 platform with the aim to bring steady growth on the account each month. Developer Evgenii Aksenov also promises that it can bring any position in the green. Evngenii belongs to Russia and has experience in the MQL marketplace for three years. He has 33 products and 20 signals with 31 total subscribers.
For choosing the best expert advisor, it is always recommended to look out for the live trading records on notified websites such as Myfxbook. Customer reviews can also help make the final decision.
Gold Eagle Features
Gold Eagle has the following features:
- It has a fully automated algorithm
- Has multiple trading styles which you can choose according to the risk management
- It can also work with manual intervention
By adjusting the lot size, you can choose to work with a low risk to help your account maintain the drawdown.
You can purchase the system from the MQL marketplace for $275. There is no money-back guarantee. The robot has a high price for a system that is based on the grid. It can blow up your account any minute.
How it works
After purchasing the product, you have to log in to the MQL account on your MetaTrader 5 platform. Search the robot in the market section and download it. Refresh the experts’ tab and place the robot on the respective chart to begin trading.
The robot works only on XAUUSD and on the M1-H1 time frame. It uses one of the developed indicators called Infinity Trend from the same developer and employs a grid strategy to avoid a drawdown. The indicator works by plotting trend lines and shows designated entry and exit points by using range bars.
Unfortunately, there is no trading history present on the website. Signals indicate the use of the Gold Eagle robot. It shows that the claim of using a proper stop loss and take profit is false, and the robot also uses martingale in addition to the grid, which makes it extremely risky.
There are no verified trading records available on Myfxbook that could prove the authenticity of the system. The developer tracks his performance through the signals page on MQL. He is only testing out the robot in low-risk settings. Even with these inputs, the expert advisor shows a drawdown of 33.8%.
Other essential factors to know about the system are as follows:
- Profit factor and winning ratio. The profit factor stands at 2.57, with a win rate of 77%. The average profit was $5.44, while the loss was -$7.31.
- Trades. There were a total of 165 trades, with an average of 44 transactions per week. The average duration of each position was 10 hours which shows that the robot uses a day trading approach.
There are no customer reviews on noted platforms such as TrustPilot and Forex Peace Army. Feedback is only present on the MQL platform, which looks like the developer has purchased them himself. For a robot that can easily put any account in a margin call, the reviews are a bit positive, proving the prediction that they are bought.