Forex Expert Advisors: Forex Gold Trader 2.1

Yes, yes... you often ask about this expert advisor. Enjoy :D

Who among us has not heard the phrase "money should be kept in gold,-it always grows! Petrovna heard today on the telly they were saying it'll get even more expensive...". People I know often ask me too:

-So, should we buy up some gold now or wait a bit longer? How much should we take? All in?

And at the same time that mad gleam in their eyes... Apparently the love for the yellow metal, the gold rush, came down to us from our ancestors.

All right then, about the advisor:

Platform:Metatrader4

Working time: around the clock

Instruments:XAUUSD(gold spot),XAGUSD(silver spot)

Timeframe: H1

Real account monitoring:

Backtest since 2007 (default settings):

What does the advisor do? - It keeps buying gold all the time, satisfying the need for yellow metal, until the money runs out. I didn't see any sales on the monitoring. If you take a quick look at the XAUUSD chart, the thought immediately comes up: "What is there to think about, you have to buy, buy!!!"

But in practice gold does not always rise and can fall for years:

With gold it is the same as with oil,-the price rises, but it can also fall. And hard.

If the price of gold decides to make a prolonged trip south, the advisor will blow the deposit, continuing to buy. And until the yellow metal keeps moving up, the author of the expert will go on counting the money of gullible buyers.

Forex Gold Trader is a banal sit-and-waiter. I do not recommend it.

Version 2.1 is also able to trade silver, but on real accounts the author does not use this instrument,-I think everyone understands why :) .

P.S. if you are not familiar with installing expert advisors, see Installing, setting up and trading expert advisors on forex