Golden Million trading robot requires a hedging account to trade gold on the H1 time frame. The algorithm is available on the MQL5 marketplace and comes with regular updates from the developer. We will go through all the information presented on the website to cover the potential characteristics of the robot and list all its pros and cons in our article.
The software comes with a one-time payment of $999, and there is no money-back guarantee. It is also possible to rent it for six months at $499 and 1 year at $699. Traders can download the demo available on the website and test it using the strategy tester present on the MT4/5 platform.
Golden Million trading strategy
The robot can trade on gold at the H1 time frame and requires a hedging account. The developer does not provide enough details on the strategy of the system. We also do not have access to live records that could be used to judge the methodology.
Golden Million features
The robot has the following features:
- It requires hedging account to trade
- Trades on gold at the H1 chart
- The developer updates it regularly
- Was designed by a professional algorithm developer
Golden Million backtesting results
Backtesting results are available in images for unknown currency pairs and duration.
For the period, the robot had a maximum drawdown of 27.51% and turned an unknown initial deposit into $80720861.13. The value of the downside is high, showing us that while trading, the algorithm loses nearly half of the account balance.
It had a winning rate of 92.25% with a profit factor of 12.25. The average amount of profitable trades was $76099.62, while the average amount of losing deals was -$73960 in a total of 1252 executions. The modeling quality of the test stood at 98%.
The expected payoff was $64473.53, with the margin level standing at 1978.59%. There were a total of 5 consecutive losses that mounted up to a downside of -$321361.49. The algorithm had a Sharpe ratio of 0.64 with an LR correlation of 0.98.
Golden Million live trading results
There are no live records available from the developer that we could use to analyze the system’s performance. Failure to provide us with the necessary information raises concerns about the product and the author’s credibility.
Golden Million reputation
Aleksei Bordak is the developer of Golden Million who has no market experience according to the MQL 5 marketplace. The author has five products with 41 signals and 108 subscribers.
Traders on MQL 5 community rate it with 2.67 stars for 16 reviews. One of the traders says that their current value of account balance is at $200 from $1000. He warns us not to trust the backtest as it is fake.
Another trader says that all of the products from the developer have been non-successful so far. The live signals which showed all the losing trades are no longer available. The developer provided a new setting that also resulted in a loss.
Another customer states that the number of wins from the system is too small. The settings of the EA can not be configured manually.
Golden Million review summary
| Strategy | 2/10 |
| Functionality and features | 4/10 |
| Trading results | 3/10 |
| Reliability | 4/10 |
| Pricing | 3/10 |
Golden Million trading robot does not come with live records that could be used to analyze its performance. The reviews on the MQL 5 marketplace suggest the developer removed the results as they were at a loss. The backtesting is also not complete as it is without the detailed statement.
