Dark Gold is an EA that should help us with trading on Forex. The main pair is GBPUSD. We don’t know for sure if it’s possible to work with other cross pairs. The presentation looks short and not informative enough.
Dark Gold trading strategy
- It opens orders based on a trend and counter trend strategies.
- The devs claimed that we can trade Gold, Bitcoin, EURUSD and GBPUSD.
- The time frames are M5, M15, and H1.
Dark Gold features
The developer points out the following features of this expert advisor:
- The advisor was designed to help us with automatic trading on a client’s terminal. So, no extra effort is needed.
- The system uses a trend with scalping strategy.
- It works with Support and Resistance indicators to recheck calculations before placing an order on the market.
- We should follow a user manual to set the system correctly.
- An ECN account is a good addition to decrease spreads.
- VPS can help us with trading speed.
- We can decide what leverage we are okay to work with.
We can buy the robot for as low as $49. There’s no subscription provided. We are allowed to download a demo copy of the system. The dev provided no refund policy.
Dark Gold backtesting results
The presentation doesn’t include any sign of a backtest report. It’s a con because the system should have been tested before released. So, the owner decided to skip sharing with us this intel.
Dark Gold live trading results
We have an advisor running a real account on ForexChief with 1:500 leverage. The win rate is not high – 66.8%. The maximum drawdown is 63.6%, while the maximum deposit load is 35.2%. These numbers aren’t great. The absolute growth is 293.23%. An initial deposit was $100 only.
The trading frequency is 243 deals a week. An average holding time is 8 hours.
The growth chart matches the average growth line.
Martingale is applied to recover after losses.
It traded 1731 deals in total. The best trade is $111.41 when the worst trade is -$39.81. The recovery factor is 6.38 when the profit factor is 2.08. It’s an okay number.
The system opens orders only on GBPUSD.
We have so many warnings from the site that trading with this EA is dangerous.
Dark Gold reputation
People have claimed various statements. All of the testimonials are faceless.
Marco Solito is a developer from Italy. He has 30 products with a 5 star rate based on 1372 testimonials in his portfolio.
Dark Gold review summary
- Strategy – score (7/10)
- Functionality & Features – score (6/10)
- Trading Results – score (5/10)
- Reliability – score (5/10)
- Pricing – score (10/10)
Dark Gold is a robot that works with a trend and counter trend strategy. The system executes orders on a low-deposited account. MQL5 marked the Dark Gold signals as unreliable ones. So, we can’t suggest this advisor to you.
