Forexgoldinvestor.com Review: this is the name of a Forex robot or an Expert Advisor from the FX Automater team. Is Forex Gold Investor a legit auto-trading robot or a scam? There are many scam robots for sale in the Forex market today, read this review before buying this product.
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What Are Forex Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud. Also reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
How Forex Gold Investor Works
The vendors boast that the robot is a “true revolution in gold trading”. Unlike most of the auto-traders we have reviewed in the past, this one is focusing mostly on precious metal trading, especially gold. It is said to trade frequently to maximize profit opportunities and works well with MT4. Installation takes all of 5 minutes and there is draw-down protection.
Algorithms used to build this EA allows it to get precise entry and exit points while trading. It is said to also have a revolutionary “go long” trading system. A money-management system that is intelligent comes with the package and it is fully automated; meaning that traders can set it and leave it to trade on its own.
Forex Gold Investor uses a broker spy module as well. And this particular EA is touted as being the most advanced from the vendors who have other robots in the market. The robot is hard-wired with data containing the best times to buy or sell gold, this is known as the IntraDay Gold Price Cycles. To improve the profit making potential, it trades frequently “throughout the entire trading session”.
They dedicated a section of their page to show traders some popular tactics used by scam vendors to deceive clients. Backtests are mentioned which is surprising as the vendor themselves also mention it as what they used in testing Forex Gold Investor.
Forex Gold Investor Pricing Structure
Lifetime price – $197
This payment gives clients access to 1 real-money account, demo accounts, unique Broker Spy module, advanced news filter, and a 60-day unconditional money-back guarantee.
There are some positive client reviews on third-party websites but they are not much. Since we discovered that the robot has been trading since 2015, we expected more reviews from clients.
Results are also provided on MyFxBook and what we find is that like most EAs, only the early results are good. Latest results show losses and seems the robot have done the most it can and needs an upgrade.
To get in touch with the vendors, interested clients are directed to fill the online message request form available on the website.
Forex Gold Investor has a competitive price in the Forex EA market and since its focus is on precious metals, it is worth considering. It presents the strategy used in a slightly clear way which we find encouraging. But the results are discouraging and the vendors should do something about it.