EA Gold Stuff: An In-Depth Review of the Popular Gold Trading Expert Advisor
EA Gold Stuff is an expert advisor (EA) designed specifically for algorithmic gold trading on the MetaTrader platform. With over 500 reviews and a triple price increase to $149 in the past year, this EA has attracted significant interest on the MQL5 marketplace.
In this comprehensive review, we will analyze EA Gold Stuff’s features, performance results, functionality, and ease of use to determine if it merits the price tag for gold traders.
Overview of EA Gold Stuff
EA utilizes a trend following strategy to trade gold, entering positions based on signals from its proprietary Gold Stuff indicator. It promises suitability for any timeframe or broker while requiring no specialized skills to operate.
Key features include:
- Fully automated gold trading
- Trend following strategy
- Works on any timeframe or broker
- Easy “set and forget” use
- Risk and money management functionality
Performance Results & Backtesting
Extensive historical backtests are not provided by the vendor. However, real account results on MQL5 show consistent profits with a few drawdowns of 30-40% over multiple years of live trading.
These results are impressive given the natural volatility of gold trading and demonstrate the EA’s potential. However, as backtests were not disclosed, it is harder to have confidence these results will sustain long-term.
Functionality & Ease of Use
Installation and setup of EA Gold Stuff is straightforward through the MQL5 market manager. It can be dropped onto any gold chart in MetaTrader 4 or 5.
The inputs allow easy configuration of trade parameters and risk management:
- Money management on/off
- Percentage of margin per 0.01 lots
- New trade series on/off
- Hedging ability on/off
- Trailing stop parameters
The well-organized interface makes EA accessible for beginner through advanced traders. No coding skills are required.
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EA Gold Stuff Verdict
In summary, EA Gold Stuff simplifies algorithmic gold trading through an easy-to-use EA with promising long-term results. While backtests should be taken with some skepticism, the longevity of real account profits suggests a robust and profitable automated strategy.
For gold traders on MQL5, EA Gold Stuff merits consideration especially given its risk and money management features. At $149, it sits at an affordable price point for a top-performing commodity EA.
The biggest risk is lack of transparency on how the system generates signals and entries. But with the ability to run it in demo mode indefinitely before purchasing, traders can properly evaluate if its functionality aligns with their gold trading plan.
Overall rating: 4 out of 5 stars