Is Gold M Stops EA 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.
Table of Contents
About Gold M Stops EA
Gold M Stops is a forex robot available on MQL5 website. The developer of the EA is Noorullah Aimaq from Afghanistan.
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According to the vendor, the system can be purchased at the rate of $600 with a rental option of 1 month for $75.
Gold M Stops EA claims to give advantage in the financial market with its expert strategy. Here, the system uses filtering techniques for entry and exit points; and hard stop loss and take profit for each position.
Gold M Stops EA: Reasons to Avoid this Expert Advisor
Firstly, Gold M Stops EA 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 EA has no verified trading result from third party sites like FXBlue or Myfxbook where we can attest the product viability or not.
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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 M Stops EA Trading Strategy
Gold M Stops EA claims no grid, martingale and other risky strategy. Here, the vendor points his strategy to be “based on breaking through price levels and Market Time”.
Also, the system operates on XAUUSD, AUDUSD, USDCAD, EURUSD, GBPUSD, and AUDCAD currency pair, and on a M5 time frame.
In addition, the provider recommends a low latency vps and raw spread accounts.
Gold M Stops EA Trading Results
Gold M Stops refuses to have a verified result by FXBlue or Myfxbook. There is a need for a third party verification so as to know the product viability in the forex market. Further, back testing result for Gold M Stops is missing, thus, we can’t test the EA past performance.
Conclusion: Is Gold M Stops EA a Reliable Forex Robot?
Gold M Stops EA 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.
