Golden Algo

too much losses compared to the backtest...

Dont get tempt by seeing the message that the price is about to increase. This bot has some stupid settings. Loss will be 450ish USD and profit will be 190ish USD per 0.5 lots. One SL will take away profit of Two TPs. The past performance looks manipulated.

just purchased,i need a great settings

Not the most reliable robot. At the moment, it has not impressed me. The number of losing trades in the history before the release of the robot is much less than in the history after the release of the robot in the store on MQL5. Therefore, I conclude that the history before the robot's release for sale is not true and as a result, I do not know what to expect from this robot in the future.

The EA has been performing exceptionally well on my end, so I’m genuinely puzzled as to why others are facing issues or blowing their accounts. It’s important to understand that the EA comes with risk parameters, and if those aren’t set correctly based on your account size, the fault lies in the setup—not the system. Two stop-loss hits should not be enough to blow an account unless there's serious over-leveraging involved. Please don’t do an injustice to the developer by blaming the EA when it’s actually due to mismanaged risk or improper configuration. Also, keep in mind the recovery feature is optional—you can turn it off from the start for a more conservative approach.

I like this bot and I-m giving it 5 stars. Ram does his best to help his customers, thank you Ram for your support. Guys, be careful what % of your account you want to risk. To me, with recovery ON, 10% is way too much. Or just turn the recovery OFF.

UPDATE. I decided to remove the EA from my chart. It-s a great EA for people who like the risk. I put it on FTMO demo without the recovery and after 10 days the account is in loss. If you want to win using this EA, you must accept grid and martingale , everything I wanted to avoid.

I dont like that the seller runs only demo accounts.In this case he risks nothing. He says that 10% is a low risk! No , it-s a very high risk specially when recovery is on.

I don-t like that the EA opens trades against the trend.

I also dont like that the chat is on mql5, it-s very disturbing when I am waiting for notifications on tradesand my phone is making noises all the time, muting the chat on my phone doesnt work and many other guys comlained about it as well. I had to leave the group.

I will not remove my 5 stars rating as I think it-s a great EA but without a high risk, profits won-t be great..

I think Golden Algo is doing very well so far, I know still too early to say that cause it does not have a long history but from the way the bot carefully takes trade (usually 2 trades per day) not crazy random trades, other thing which is really important no martingale strategy with only pretty clear TP and SL, I see some people mentioning non sense complains like 2 SL in a row ....well that is why there is SL setup to protect your account dude, right? please support the guy who is making efforts to help you better than leaving a negative review on something you do not know what you are talking about ... If you really want to evaluate the bot, watch the profit factor ...win rate etc. over a long period of time. Regarding recovery factor you can simply turn off if you want to limit your risk, so it suits everyone risk appetite, you can choose fixed lot size instead of account percentage. I would like to support and thank Ramethara Vijayanathan for his efforts to help people and he is very responsive too if you want to ASK him any question. I purchased this bot on April 16th, today is April 23rd, and I am up 13% with account risk 2.5% AND I am aware that past performance does not guarantee future results.

Many losses in a row. Not a good start. I will change my review if the EA improves

Good EA, give it time and if you know how to manage the risk

I think people below are drawing fast conclusion when talking about over-fitting to backtest. It's no secret that gold has gone bananas compared to earlier data - and that the volume and momentum we see now is causing the strategy not to perform perfectly. However, I am giving a small minus due to entries does not seem optimized in all cases. When you look at gold turning bearish, it still places buy orders. In my opinion, the promised "enhanced AI capabilities" should be able to see if the sentiment is turning bearish, and then start only placing sell orders. Similar when sentiment is positive, only place buy orders. The recovery system is maybe usefull under more normal conditions, but its very risky in this volatile market. That being said, I think the strategy looks very promising. Lastly, it would be nice with a telegram.

It's funny how martingale is now called "recovery" by some who are afraid to call a spade a spade. Personally, I had turned off the martingale mode, as it's too risky, and the EA can still be profitable even with its negative risk-to-reward ratio as long as it has a high enough win rate. However, the EA's win rate keeps going down and the ratio of losses is increasing significantly. We will see how things progress in live trading as opposed to backtesting that is not reliable.

使用了一个星期，经历了一些账户波动以后，我认为即便这个EA的胜率比较高，但历史回测和真实胜率还是有较大差距的，主账户保持每笔交易2.5%的仓位，关闭recovery模式，如果用小账户承担较大风险开启recovery模式，coefficient 1.0, 次数3，可以比较好的控制风险回撤在10%左右。超短线交易对VPS速度和点差要求较高，建议使用IC的ECN无手续费标准账户。

After 2 losses in a row, the Bot has fully recovered with profits.... Congratulations to the Bot developer.

I am happy I purchased this EA. Yesterday was loss but now it recovered. I still stick on my 5% risk per trade. Lets keep going 🙏🏻🙏🏻🙏🏻

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Updated on April 29.

The winning rate is clearly deviating from the backtest results, and without using the high-risk Martingale strategy, it is not possible to achieve positive returns. Moreover, another series of stop-losses has occurred this time. Since the purchase, the performance has been steadily declining. Let’s continue to monitor and see if it will turn positive in the long run. I will revise my review if the results change.

Very professional and good support, EA should cost $4999 not $499 it’s incredible

I bought this EA few weeks back & the results are amazing especially in capturing quality trades. Also the EA has good win rates. Thanks.

I have been using this EA on my real account for about 10 days now and I am quite satisfied with the results! 👏 Golden Algo performs consistently and successfully thanks to its strategies and risk management mechanisms. Especially its ability to adapt to market volatility and its user-friendly settings make it a very suitable tool for both experienced and new traders. Transactions are concluded in a short time and do not strain your account. It was very easy to set up and I was up and running in a matter of minutes thanks to the detailed explanations and clear instructions. The accuracy and timing of the EA's signals in real trades are excellent. So far it has helped me make regular profits while minimizing risks. I would like to thank Ramethara Vijayanathan and the developers! I have received intensive support for every support request. If you are looking for a well optimized, reliable and functioning system, I highly recommend Golden Algo. One of the most professional EA's I have ever come across! ⭐⭐⭐⭐⭐ Thank you! 👌

Never seen such a great bot before. And Ramethara answers all questions super quickly and politely. Really the best MQL programmer!