Golden Coup EA Review

Golden Coup EA promises high returns and a drawdown that is less than 20%. As per the developer, Roman Erokhin, the FX EA is the most efficient system using sophisticated algorithms for safe and aggressive trading. This FX EA is FIFO compatible and works on the XAUUSD pair mainly. It is a fully automated system with auto lot settings that ensure the software is profitable and reliable. As per the author, the profitability of the system is approximately 30% to 200%.

Detailed Forex robot review

Roman Erokhin is the developer of this FX robot. He is from Russia and as per his MQL5 profile info, he has no prior experience in FX. He has created 8 products and 12 signals. Genius Assets, Golden Fleece, Angry Lion, etc. are some of his other products. To contact the developer, you can use the messaging option on the MQL5 site. No other support methods are available for this FX EA. 

Some of the key features that make this FX robot stand apart from its competitors are:

• The expert advisor is a high-precision system that can be easily set up on a chart.
• It is compatible with FIFO, NFA, and MT4 Build 600+.
• The FX EA can work on any currency pair and indices but the recommended pair is XAUUSD.
• A timeframe of H1 is recommended for the EA.
• It uses fixed SL and TP levels for the trades.
• The FX robot provides ECN support.
• Efficient money management is present to foster stable growth.
• It can work with any FX broker.
• The ATS does not use the Martingale method.
• It has profitability ranging from 30% to 200% and a low drawdown of below 305.

Golden Coup EA strategy tests

According to the author, the FX EA uses a self-adaptive algorithm that relies on price action and trading indicators for identifying accurate entries and exits. The ATS does not use dangerous money management methods like the grid, Martingale, scalp, or hedge strategies. Due to the use of auto lot settings, the author states that the system is most profitable and reliable. A backtesting result is present on the MQL5 site for this FX EA. 

From the above report, we can see that the FX EA generated a total net profit of 12,210,176 for an initial deposit of $1000. A total of 1135 trades were completed with profitability of 98.59% and a profit factor of 15.83. The maximum drawdown for the account was 16.02%. From the low drawdown and high profits, it is clear that the system used a low-risk and effective strategy.

Real live account trading results

The author provides a live signal for the FX EA on the MQL5 site using the GrandCapital broker and the leverage of 1:500.

From the above stats, we can see the account has 73.98% growth with a profit of $369.91 for an initial deposit of $500. The account that started in April 2022 has completed 22 trades with 95.45% profitability and a profit factor of 2056. A drawdown of 78.7% is present which indicates a risky approach. Further, the sample size is small preventing a proper evaluation as the results can be random for such new accounts. 

Pricing

You can purchase this FX EA for $750. The package includes a free demo account. A rental package costing $699 per year is also present. No info is provided on the features you get with the product. No money-back-guarantee is present which raises doubts regarding the reliability of the product. When compared to the market average, we find the pricing is expensive.

Customer reviews

We found 21 reviews for the MT5 version of the FX EA on the MQL5 site with a rating of 4.55/5. However, we could not find third-party reviews from reputed sites such as Trustpilot, Forex Peace Army, etc. that support the positive reviews on the MQL5 site. Since the site promotes the product, there is a high chance of the feedback being manipulated.