Golden Million trading robot trades on a hedging account and requires leverage of 1:100 or higher. The algorithm is subjected to constant updates by the developer and backtesting records. We will review the product in our article and see if it can be profitable.
Features
The robot has the following features:
- It requires a minimum deposit of $100
- Traders can use it on gold at a hedging account
- There are multiple options available for purchasing
- The developer is a professional trader working in finance for more than 15 years
The developer does not state much information about the strategy of the robot. They only comment that it works on gold at a hedging account and requires a minimum balance of $100. Unfortunately, there are no live records that we could use to analyze the system’s history for determining its game plan.
How to start trading with Golden Million
To get the service up and running, you the following steps:
- Purchase the system from the developer on the MQL 5 marketplace
- Download it on your MT 5 platform
- Place it on your charts by dragging it
- Do not forget to enable the auto trading button
Price
The EA is available for an asking price of $900. There is no money-back guarantee. Traders can also rent it for 6 months and 1 year at $500 and $700. To test the robot, traders can download the demo version as well.
Verified trading results of Golden Million
Backtesting results are available for unknown currency pairs where the relative drawdown was around 25.71%. The winning rate was 92.25%, with a profit factor of about 12.25. The test was performed on an unknown timeframe with a history quality of 98%.
From an unknown value of starting balance, the robot tanked an average profit of $80720861.13. There were 1252 trades in total, with 2504 deals in which the best trade was $272817.85 while the worst one was -$113231.17.
The developer is not transparent with us on the live records of the algorithm. We searched Myfxbook website to see if we could find information on the topic but couldn’t find any.
Average drawdown
The current drawdown of the system according to the backtesting records is average. Without real trading proof from the live records, we cannot conclude the risk statement.
Vendor transparency
Aleksei Bordak is the author of the product. He resides in Russia and has a 5 rating for 18 feedbacks. There are a total of 5 algorithms published by him in the marketplace. According to MQL 5, he has no trading experience.
The developer states that he has been trading in the financial markets for 15 years and, after lots of practice and hard work, made a fortune of several million dollars. He is only working on the MQL 5 marketplace to sell the algorithms for a short time. He produced the Golden Million expert advisor after spending thousands of hours on programming.
Customer reviews
The algorithm has a total rating of 2.45 for 14 reviews on the MQL 5 marketplace. One of the traders says that they have tested all of the products by the developer, and all of them have not been profitable as of now. The author has removed the live signal after considerable losses.
Is Golden Million a viable option?
The robot has the following benefits and demerits.
Advantages
- There are multiple purchase options
Disadvantage
- No detailed backtesting statement
- There are no live records
- Low information on the strategy
Conclusion
Golden Million trading robot has no live records that we could use to analyze its trading performance. The developer does not provide any clear information on the strategy and does not provide a detailed statement.
