EA Gold Stuff is an FX robot that works mainly on gold. It uses the proprietary Gold Stuff indicator for its trend-following approach. The developer does not divulge much info on the features, recommendations, and other characteristics of the trading tool. From the lack of product info, we suspect this is not a reliable expert advisor.
Detailed Forex robot review
This FX EA was first published in August 2020. Vasiliy Strukov is the developer of this FX EA. He is based in Russia and has two years of experience in developing FX trading tools. He has created 16 products and 6 signals. Idea Pro, EA Antivirus, Mood, and Isolation are other products of the developer. He provides a website address and the messaging option on the MQL5 site for contacting him.
There is not much info present related to the features and recommendations for this FX robot. However, the developer provides a long list of settings for the system that include money management, lot multiplier, TP, SL, trailing stop, DD reducing algorithm, magic number, and more.
EA Gold Stuff strategy tests
Other than mentioning the trend-following approach and the use of the Gold Stuff indicator, we cannot find a further explanation for the strategy. The lack of info raises a red flag. A few backtests are present on the official site. Here is one of the backtesting reports:
From the above backtesting report, we can see the backtesting was done with 100% history quality. For an initial deposit of $10000, the account had generated a total net return of 1406123 for a total of 2420 trades. The profitability for the account was 69.885 and the profit factor was 3.30. A drawdown of 91.17% was present for the account which indicates an extremely high risk.
Demo account trading results
A demo account trading result is presented on the MQL5 site for the FX robot. Here is a screenshot of the results:
From the details present in the screenshot above, we can see that a 264.92% growth has been achieved from an initial deposit of $10000. The account started on November 4, 2021, has executed 46 trades per week for a total of 16 trading days. The maximum drawdown is 1.3% and profitability is 78.9%. For a total of 166 trades, the profit factor value was 41.84. We find the results show very high values for such a short span. The disparity makes us suspect this is not a reliable system.
Further, comparing the backtesting results with the real-trading stats, we find that the real account shows a lower drawdown than the backtesting report. The profits in real trading are very high for such a small sample size indicating a high risk. Additionally, it is confirmed that the two do not match and the disparity indicates the ineffective and high-risk approach used by the system.
Pricing
To purchase this FX Robot, you have to pay $149. The developer does not provide details about the features available with the package. No refund is present for the product which raises doubts regarding the reliability of the product. When compared to other similar products on the market, we find the price of this MT4 tool is not expensive.
Customer reviews
We could not find user feedback for this FX EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. We look for reviews from such sites as they provide info on the product like its performance, support, etc. Testimonials help in providing a candid picture of the product and help in making an informed and wise decision. The lack of reviews suggests that this is not a popular system among traders.
Our analysis of EA Gold Stuff reveals the system has many downsides that make it untrustworthy. For starters, the developer does not reveal much info about the ATS like its features, recommendations, etc. Other than mentioning the approach and giving a list of settings, the developer does not provide details.
The lack of info raises a red flag for this EA. Further, the backtesting report reveals an extremely high drawdown that shows the risky approach this EA uses. In the demo result, the growth percentage is very high for a very short trading duration confirming the high-risk approach of the EA.
The lack of user reviews, insufficient support, and the absence of a money-back guarantee are other drawbacks that confirm our assessment of the unreliability of this FX EA.
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