It is not clear how a product with a profitability monitoring of 4% gets to the first line of the MQL5 rating. Gold Way EA is exactly the case when people buy for the sake of a beautiful test in the MT4/MT5 platform, and not because of good trading results on a real account. We will make a Gold Way EA review so that you understand that this trading robot does not need to be bought!
Gold Way EA MT5/MT4 - results in the strategy tester
When you analyze the results of this robot in the MT4/MT5 strategy tester, you immediately understand the reasons for its popularity. This Forex expert shows tens of thousands of percent of profit during tests. And inside the user there is a charm and hope that this particular product will bring him the treasured wealth. Especially since EA Gold Way operates on one of the most popular assets among nerds – gold (XAUUSD). Please sit comfortably so as not to fall and look at these test results:
The tester shows that in just 4 years, a Gold Way MT5 EA user can earn more than $12 million!! It looks breathtaking and the hands of a beginner immediately reach for a bank card to buy this “grail”. The cost of this EA is $445, which is relatively inexpensive compared to other MQL5 “grails” of the market… However, please don’t follow fools and read this review to the end. We may change your mind!
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Real results of EA Gold Way MT4/MT5
In reality, everything is different. On the Gold Way EA MyFxbook monitoring, we see very, very modest trading results. Only 4% profit and 1 month of real use… what can I say…. at least these statistics are not enough to refute the author’s words about the mountain of money that awaits you if you buy the Gold Way Forex software.
Although, even this month and these 4% are enough to understand that they do not correspond to the strategy tester. In the tester for 1 month, the robot brings about 50% -100% profit, and only 4% on a real account.
Ok, let’s go ahead and analyze the trading strategy of this bot for the currency exchange market.
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Trading strategy MT4/MT5 Gold Way
So, according to the description on the sale page, this “grail” bot works on currency pairs that are traded against XAUUSD. That is, on such as: XAUCHF, XAUAUD, XAUUSD, XAUGBP and so on. Those who like to trade on gold (there are a lot of such users, especially among beginners) immediately get a huge portion of the impression. After all, this is one of the few trading robots that works on one asset and is multicurrency…)))
Although it is not clear what difference the expert trades on which asset, if he does not earn a profit.
This bot is based on the strategy of trading on the reversals of the Gold quotes chart. In this case, 3 dangerous algorithms are applied at once:
- Averaging. That is, the adviser for trading uses a grid of orders
- Martingale. That is, MT4/MT5 Gold Way uses the formula to increase the size of each next transaction
- Stop Loss is not used. That is, your losses are unlimited. If the gold trend goes in the wrong direction for a long time, you are guaranteed to lose your deposit.
In simple words, the author of Gold Way EA brought together all the existing dangerous systems and put them inside one Expert Advisor… And every buyer, without exception, who starts using this Expert Advisor is guaranteed to lose their money!
Our opinion on Gold Way EA
This is a dangerous expert that uses three main factors that kill a trading account – martingale, averaging and the absence of Stop Loss. You are guaranteed to lose your money if you buy EA Gold Way MT5/MT4. There is no need to engage in self-deception and convince yourself that a bad fate will blow you and everything will be different. Everything will be exactly as we write – if you buy this Forex expert for trading on gold, you will lose your money guaranteed + your purchase costs of $445 (the cost of the expert on the day the review was written). Do you like this outcome? Probably not. So listen to what we are saying and skip the MT4/MT5 Gold Way!
