Is EA Monsta Gold reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.

About EA Monsta Gold

EA Monsta Gold is a forex robot available on MQL5 website. The developer of the EA is Thi Tra Mi Duong from Vietnam.

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According to the vendor, the system can be purchased at the rate of $299 and a rental option of $259 per year.


EA Monsta Gold claims to give advantage in the financial market with its expert strategy. Here, the system uses stop loss to protect capital and position trailing stop

EA Monsta Gold : Reasons to Avoid this Expert Advisor

Firstly, EA Monsta Gold is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.

Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.

More so, the customers’ feedback is pretty worrisome. There are few customer reviews on MQL5 where the product is sold of which they all sound too good to be true.

Further, the vendor fails to provide trading result on the Expert Advisor to show us how the forex robot performed on a real account or free account.

EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below


Free Trial




Strategy: Scalping

Time Frame: M1, M5, M15 and M30

Currency Pairs: All Pairs

License fee: $147

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Strategy: Stop and Reverse

Time Frame: All time frames

Currency Pairs: EUR/USD, EUR/GBP and USD/CHF

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Strategy: Scalping

Time Frame: M1, M5, M15

Currency Pairs: All Pairs

License fee: $147

30 Day Money-back Guarantee

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EA Monsta Gold Trading Strategy

EA Monsta Gold operates on a price action strategy and “instantaneous price momentum and multi-timeframe analysis”.

Also, the system operates on only GOLD and  XAU/USD, and on a 24/7 time frame.

In addition, the provider recommends ECN account with low spread.

EA Monsta Gold Trading Results

The vendor presents us with a back test report from 2021 which shows a deposit of $1,000. According to the result presented, the EA made a total net profit of $15,982, profit factor of 4.83 and drawdown of 1.87.



Besides the back test result, EA Monsta Gold refuses to have a verified result by FXBlue or Myfxbook. There is a need for a third party verification so as to know various parameters such average gain and loss, drawdown, leverage etc., of the Expert Advisor.

Conclusion: Is EA Monsta Gold  a Reliable Forex Robot?

EA Monsta Gold does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.

More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.

Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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