Golden System

The backtest was awesome... The real bot sucked... a high loss was incurred. Some trades with a lot of loss and only a few with some profit. Unfortunately, the $125 was wasted money

Look at the picture in my comment (2024-03-28). It is real trading history for a month. I closed 2 orders manually because they would become lossmaking. Small profits and big losses seems the best description of this EA

One more scam, Dont fall in trap by seeing low price, it is full scam overfitted stat

This EA make huge loss.

The Seller is very nice, but after use this EA 2 months with real account. I got very bad result.

lost nearly my compleate account...cant recommend this bot...better you check out for better ones

the backtest looks promising but in the real trade it doesn't always trade like in the backtest and it can kill your account. the TP/SL ratio is really doesn't makes any sense too.. 1 trade it will take profit 0.3-1% but when it losses it will lose 14% of your balance.

I've been using the GoldenSystem EA for the past three weeks and have seen some promising results in the beginning. Throughout my experience, the developer has been incredibly supportive, promptly answering any questions I had, which significantly enhanced my confidence in the product. Over this period, the system executed 11 trades, out of which 8 were winners and 3 were losers. While I understand that this sample size might not be statistically significant, it gives a glimpse into the system's potential. However, I've encountered a notable issue with the EA. When a countertrade fails, the drawdown (DD) can become so significant that it takes an extended period to recover. This is a critical aspect for potential users to consider, especially when using the vendor's settings on a live account, as I did. Despite this setback, the developer's responsiveness and willingness to assist users are commendable. It's rare to find such dedicated support in the trading community. For those considering GoldenSystem EA, it's crucial to weigh the system's capabilities against the risk of significant drawdowns in failed countertrades cross different brokers.

seitdem ich diesen Expert Habe Ca.zwei Monate und ich lege 250 Euro in Minus.):

It wipes out all my small gains + 1X more...loser EA is killing account after an updates.

Fake backtests. The SL is much larger then TP. It wipes out all your small gains + 8X more! loser EA kills account.

Normally, I don't like writing bad reviews. However, I felt obligated to do so as it might help in saving somebody else hard earned money. Or bring it to the provider attention in order to improve quality. This has been really very bad EA for my account. EA was bad in both stats and money management. Here are my thoughts, keeping in mind I am using ICMarkets and default parameters. Good news first: EA results matched exactly number of trades in the backtest(win=10/loss=2) for the same period under review. 1) I purchased the EA on 21/2/2024 and first EA trade was on 5/3/2024 till today 26/3/2024. EA entered only 12 trades with 10 wins and 2 Losses, that cost me more than 10% of my account in a month. 2) EA stats is much worse than the longer period backtest. 3) When the EA is profitable it makes ~10 pips, and when losing it hits 140 pips in SL (very bad P/L ratio). This means you need to be profitable 14 out of 15 trades to simply break even at ~ 93% success rate. if less than 93% you are in negative zone. 4) Having such bad P/L ratio, EA needs to compensate it with very high success rate, which seems not the case in this EA in the past month. 5) Also, for EA to be profitable, considering the bad P/L and high success rate requirement, it needs to make high number of trades. Otherwise, like what happened in my case, it took more than a month just to enter 12 trades and end up losing. * Time is money, with this EA you end up putting your account on hold for no profit or maybe losing money (low frequency trading), where you could use this account with another EA or use the money somewhere else. In summary, very low frequency trading that holds the account idle for days without trading, with bad money management P/L that is not supported by good statistics. I hope this is just happened to be a bad luck month that I bought the EA in. Not sure how the other users' experience with 5 stars rating over longer time period. Although it is good that the EA live trading is matching the backtest witch has good results over longer period, this is not guaranteed. As we know, market condition might change over time and EA needs to adjust accordingly. I will keep the EA running with VERY LOW risk to just collect the stats over longer period without holding the account idle. I hope to revise my review to much positive one if this is just a glitch in the EA during the past month for some reason.

Much more losses than the backtests with no changing parameters. EA overfitted.

I don't understand EA's opening logic. My account incurred a 15% capital loss from March 1st to March 18th using the icmarkets broker, and I used EA's default settings My other account, ThinkMarkets Brokerage, generated a 2.5% profit from March 1st to March 18th, using EA default settings I don't know if icmarkets have deceived me, but I have decided to give up on this broker because I cannot obtain high-quality data from the next 5 years I noticed that the developers have made corrections to the 2024.03.18 version, and I can only give this review for any losses incurred in my account. There is no complaint here

В свете последних отзывов, решил и я высказаться. Единственное, что меня беспокоит, так это размер стопа, но если эксперт будет работать как заявлено, то это не проблема на мой взгляд. Автор отвечает довольно быстро и точно, робот работает пока так, как и было заявлено и как стоит в описании, во всяком случае у меня, на рекомендованном автором счёте, брокере и с настройками по умолчанию. Я не делаю большой лот, поскольку плечо у меня 1:30. Торгует он у меня на ВПС с 01.03.24 на дэмо счёте, все сделки идентичны со сделками автора из его сигнала, версия 1.2, ещё не обновлял сегодня робота. На данный момент не было ни одной проигрышной сделки, прибыль 2%. Т.ч если у кого то торгует не так, я думаю причину надо искать у вас. Теперь по поводу изменения настроек хотел бы высказаться, насколько я понял, в настройках нет ни стратегии торговли, ни алгоритма, там только управления рисками, что вы там хотели поменять и зачем?, это вопрос к тем, кто менял их... Если бы можно было, я бы выложил стейт с отчётом со своего счёта, а так придётся поверить на слово. В итоге, я допускаю, что робот пока ещё сыроват и будет дорабатываться, но лично у меня торгует пока что так, как заявлено автором, поэтому меня всё устраивает и автору респект!!!!

Still making only losses despite the right broker, VPS, and settings

I don't know the specific principle of this EA, but it has huge risks. Every time it is like scalping, you will make a little profit, but occasionally there will be huge losses, making the previous profits return to zero. There have been two big losses in the past few days, and the recovery mode did not work at all, but caused even greater losses. This EA is definitely overfitting, and the frequency of huge losses will become higher and higher in the future.

Great support from the Developer.Very Responsive and helpful.

I lost in two trades $14K of my main acount, usually icmarkets is better than other brokers (raw accounts) but for some reason opened buys in the top of gold, and lost greatly, be careful, im using GTX and is doing good, i was expecting the same with Gold System, but sadly I lost the half of the account. BTW the author is very niece and supportive but the EA behaves strange

POSTDATA: I was using tickstory, then the profits was better, if i test using icmarkets data, i see the lost trades and less profits in the long term (important run full tickstory and icmarkets data too even when the quality is worst)

I dont recomend this EA is very dangerous and erratic, at least gtx is more stable even in in some brokers open more trades than others, at least EURUSD is less volatile than gold. I hope that this situation doenst happend too with GTX soon

UPDATE 26-03-24: other loose even with the default lot size is near of 8% the EA need improvements, for some reason only in admiral markets didnt take the trade, but icmarkets, blueberry markets and tickmill take the lost, usually the tick data of admiral is worst like roboforex (in my experience no ofense) then is time to stop using the EA. If works for others with other brokers great just be careful. Is not enought use tickstory to test the EA because the data is perfect and only loose a few times in the last years. but reality is diff

hey I have purchased it but it did some red trades yesterday and today. I´ve the feeling my settings are wrong. Please send me the relevant setting parameters.