Varko Gold

At present I would not recommend this EA. I have tested it fully for many weeks. It has the potential to be great, but at the moment it is taking some really awkward entries. Each 0.01 makes you about $ 2.50 profit, but if the trade goes into DD, you can end up in a very messy situation. There does not seem to be a SL. The EA lets the trade run no matter what. We once had over $40 DD per 0.01 and the EA had no idea of closing the transaction. The EA often open trades few minutes before NY market closes and wants to exploit the uptrend just before market closes. In principle, this is fine, but most often you go into the Asia session and sometimes NY session next day, costing you swap fees and also potential heavy DD. I will change my review once the improvements are made to the EA. The developer is friendly and willing to help. I understand he is already investigating some of the issues and may make some updates. It will also be useful for the EA to trade through the day with fixed SL.

Heute Morgen einen Trade verloren und 2 hägen in einem riesigen DD.. Offensichtlich kein intelligenter Einstieg... Ich hatte aufgrund der guten Bewertungen den EA gleich auf Live Konten eingesetzt... Ein Fehler wie sich herausstellt... Ich hasse dem EA dabei zuzusehen wie er mein sauer verdientes Geld verbrennt...

No single loss since 1 month of using this EA. Very profitable and very accurate, keeps stable performance even during this turbulent Gold market. Very happy and highly recommend.

⚠️ UPDATE: Varko has no built-in drawdown or real money management limitations – a clear sign that optimized backtests do not reflect actual trading risk. ❌📉

💬 The author claims that position sizing = risk management — seriously? That’s a misleading oversimplification.

🔁 There’s no control over whether 1 or up to 6 strategies/trades are triggered in a single session — and they can all be open at the same time! 🧨

🛑 The default response of “that’s just how the EA works” doesn’t cut it. If you’re looking for unlimited drawdown potential, then yes, this EA might be for you.

✅ But remember:

👉 The quality of an Expert Advisor (EA) is ultimately judged by how it handles risk — not just the returns it can generate. 🔍📊

So far very good results, doesnt enter stupid trades. Performance is broker specific. Will update after a while to see long-term outlook. Very good price per performance ratio with this EA.

UPDATE: As i suspected, this EA could could DD for quite a long time. Nothing guarantees gold will be just retracing that particular night. Need to wait for better version with proper risk management.

I was using Varko Gold on demo and real account for the last 1 month and very happy with results. Highly profitable with 9k profit over 20k demo deposit since last 1 month with Exness broker, with 10 risk settings – fully aligned with authors live signal. Not a single lost deal over this time! And this is in time of super high volatility on Gold market when other EAs are crashing. Really recommended, this is hidden gem here on MQL5. I really hope it would keep this performance in future long term. For broker I suggest Exness, as from my test Varko Gold trades more often on Exness than on IC Markets (maybe due to Gold spread).

I have been using Varko Gold for a little over a week. So far, all trades have been profitable. EA only goes long, which works well right now. It is a great buy compared to all the fake, overpriced EA's on the market. May be the best Gold EA you can buy

Update: This EA has no risk control. Unlimited DD and costly Swap fees have made this a non-workable EA. Until there is an actual entry for lot size and SL, I would not recommend this to anyone but the real gamblers.

So far the trades Varko have entered have been profitable. Anton has been responsive to requests. The EA is limited in the fields but seems effective in executing trades with low drawdown on real accounts.