EA Golden Elephant with an aggressive buying and selling algorithm is designed to rid this world of poverty as soon as and for all. But critically, with correct use, it’s able to be extremely worthwhile – over 100% revenue per thirty days on one pair. As you may guess from the title, the robotic might be of curiosity primarily to supporters of the Gold (XAUUSD).
Сharacteristics of the EA Golden Elephant
- Platform: Metatrader4
- EA model: 8.0
- Currency pairs: Gold (XAUUSD)
- Trading Time: Around the clock
- Timeframe: M5, M15
- Minimum deposit: 1000$ (per buying and selling pair)
Trading algorithm
According to the creator, the EA’s buying and selling algorithm successfully detects pattern reversals on the XAUUSD pair, filters out varied market noise, and precisely generates market entry factors.
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Aggressive buying and selling of the EA and the usage of a grid of orders with averaging makes it a extremely worthwhile buying and selling instrument, however, as you realize, that is straight related to a excessive danger of shedding all funds.
This quick video reveals how the EA works in testing mode:
It could be seen from the video that if the pattern doesn’t coincide with the course of the open place, the EA opens a grid of four orders (which could be modified within the settings) with an elevated lot without ceasing loss. This methodology of buying and selling may be very harmful, and if the worth doesn’t return to its authentic degree, the adviser will lose your entire deposit.
Real efficiency verified by myfxbook
On MyFXBook you could find several monitorings of this EA, however, all of them are lower than 12 months lengthy:
EA Golden Elephant Demo
EA Golden Elephant SN 100 USD
EA Golden Elephant SN 200 USD
Of course, it’s troublesome to think about the work of the EA Golden Elephant in the long run based mostly on this quick-time period monitoring. But, I’d not be engaged in reinvestment, however, would month-to-month withdraw the revenue earned by the robotic.
Backtests
Despite the creator’s assertions that the EA can’t be backtested as a result of the complicated algorithm of actions for calculating volumes, I nonetheless carried out backtests. This makes it doable to realistically assess the dangers regardless of the “volume calculation algorithm”.
The creator provides two EA settings information for aggressive and conservative buying and selling (Aggressive M5 XAUUSD new. set and Conservative M5 XAUUSD new. set). But with these parameters and an advisable deposit of 1000 USD, the EA doesn’t even cross one month within the technique tester.
Secure M5 XAUUSD
But even with these settings, the EA has a formidable drawdown – 62.92%, which makes it extraordinarily unreliable. But this isn’t shocking, as a result, Golden Elephant is an incredibly worthwhile Expert Advisor, which is essentially related to excessive danger. Therefore, earlier than utilizing this robotic on an actual account, make sure to check its work on a demo for several weeks to a month.
