Golden Coup EA assures high potential returns and low risk. The expert advisor uses algorithms that enable safe and aggressive trading. As per the developer, the system doesn’t use dangerous methods like scalping, hedging, grid, or martingale. It uses auto lot settings enabling reliable and profitable results.
You can buy this FX EA for $750. A one-year rental package costing $699 is also present. You can also use the free demo account provided with the product. We could not find further details on the features you get with the packages. There is no money-back guarantee which makes us suspect the reliability of the system. When compared to the market average, we find the pricing is exorbitant.
Golden Coup EA trading strategy
As per the author, Roman Erokhin, the fully automated FX robot is a high-precision system that is easy to use. You need to just set it on your chart and make profits. Price action patterns and standard trading indicators are used by the FX EA along with self-adaptive algorithms for identifying and executing profitable entries. The author claims that by increasing the amount of initial balance many times, you can achieve good profits with the EA even if there is a small drawdown.
Golden Coup EA features
Some of the key features of the FX EA that make it gain a competitive edge in the market as per the developer are:
- The FX robot is compliant with FIFO, NFA, and MT4 Build 600+.
- It works on any currency pairs and indices but XAUUSD is the recommended pair.
- It does not use the Martingale method.
- A profitability ranging from 30% to 200% and a drawdown less than 30% are assured with the EA.
- It provides ECN support.
- The FX robot can work with any Forex broker.
- It uses the H1 timeframe.
- Fixed SL and TP are used for efficient money management.
Golden Coup EA backtesting results
A backtesting report for the FX EA is provided on the MQL5 site. The results shown below indicate a history quality of 99%.
From the above report, we can see the EA generated a total net profit of 12,210,176 for an initial deposit of $1000. For a total of 1135 trades, the profitability was 98.59% and the profit factor was 15.83. The drawdown was 16%. From the results, it is clear that the drawdown is low and profits are high indicating that a low-risk approach was used.
Golden Coup EA live trading results
A live real USD account is present for the EA on the MQL5 site. Here is a screenshot of the trading results for the account that started on April 8, 2022.
From the above stats, we can see that the account has generated a profit of $396.95 for an initial deposit of $500. A 79.39% growth is present for the account that has completed 24 trades with profitability of 95.83% and a profit factor of 2206. A drawdown of 78.7% is present for the account. The high drawdown indicates a risky approach. Further, the sample size is too small to assess the performance quality as the results achieved may be random.
Golden Coup EA reputation
The developer, Roman Erokhin is located in Russia and as per his MQL5 profile info, he has no experience in developing FX trading tools. He has created 8 products and 13 signals. His other products include Angry Lion, Genius Assets, and Golden Fleece.
We found 21 reviews for the MT5 version of the system on the MQL5 site with a rating of 4.55/5. As per the feedback from users, the backtesting results were impressive but the forward test did not yield good results. We could not find user reviews on reputed third-party sites such as Forex Peace Army, Trustpilot, etc. to support the testimonials on the MQL5 site. Since the site promotes the product there is a high chance of the reviews being manipulated.
Golden Coup EA review summary
- Strategy – 5/10
- Functionality & Features – 5/10
- Trading Results – 3/10
- Reliability – 5/10
- Pricing – 5/10
Golden Coup EA assures big profits and minimal losses with its self-adaptive algorithms and safe trading strategies. On the positive side, the author provides backtesting results and real trading stats for the FX EA. While the backtesting results show low risk and high profits, the real trading results show a big drawdown and low profits indicating poor money management. Further, the expensive pricing and absence of a money-back guarantee are other downsides of this system you need to consider before investing in it.
