Is Gold EAgle EA reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Gold EAgle EA
Gold EAgle is a forex robot available on MQL5 website. The developer of the EA is called Evgenii Aksenov from Russia.
According to the vendor, the system provides an algorithm that reduces the account drawdown and filters which protect trade from sudden increases or decreases.
Gold EAgle claims to give advantage in the financial market with its expert strategies. Here, the system offers forex traders auto-averaging function and auto take profit, stop loss and trailing stop.
Gold EAgle: Reasons to Avoid This EA
Gold EAgle is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product.
The EA 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.
Although there are positive customer reviews on MQL5 where the product is sold, they all sound too good to be true. This is not enough to boost the trust that the EA can deliver as it claims.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Gold EAgle EA Trading Strategy
Gold EAgle uses trend line PRO indicator signals and grid strategy. Also, the system operates on MT4 or MT5 with any broker.
The developer states that forex trader can use the HTF and the Candle filter parameters in the settings to make profit on a high volatility market.
As for the time frame, it recommends 1Minute and 1 Hour.
Gold EAgle EA Trading Results
Gold EAgle provides no trading results for forex traders to know how its strategies work on trades.
The system’s strategy clearly trades without stop loss, and this can result in a big loss if a series of trades goes against their predicted directions.
Conclusion: Is Gold EAgle a Reliable Forex Robot?
Gold EAgle does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
The lack of details on important insights is a turn off. EA like this one should provide enough information for traders to have some level of trust.
Not guaranteeing forex traders a refund for their money if the EA does not prove trustworthy as it claims is a con.
It is our duty to review forex robot and also share reasons. For now, we do not recommend this EA for trading.
Kindly share your comment about this broker in the comment section.
