Golden Bulls Gold Robot Review: A Detailed Analysis

Table of Contents

The Golden Bulls Gold robot is an automated trading software designed specifically for gold (XAUUSD) trading on the MetaTrader 4 platform. This review provides an in-depth analysis of its features, performance statistics, trading strategy, and user feedback.

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Overview

The Golden Bulls Gold EA launched in 2021 and is sold on the MetaTrader Marketplace for $30,000. It uses a proprietary custom indicator system and is optimized for the 1-minute timeframe on the XAUUSD pair.

Key features:

Fully automated trading (no manual intervention needed)
Custom indicators not found on MT4 by default
Trades the XAUUSD pair on M1 timeframe
Average trade duration under 1 minute
No martingale or grid trading system
Suitable for all broker types, including ECN accounts
Monthly profit depends on risk settings

Strategy & Performance

The Golden Bulls Gold EA uses an undisclosed trading strategy focusing on short-term price action. It does not use traditional technical indicators found on MT4. Instead, it relies on proprietary custom indicators developed specifically for scalping gold on lower timeframes.

Performance statistics:

99.90% historical modeling quality claimed with proper backtest settings
Live account gains of +1000% in 4 months shown, but unverified
Lowest tested deposit $200
Average 4-10 trades per day
All trades close within 1 minute
Uses smart trailing stop loss system

The vendor provides a link to a 99.90% modeling quality backtest but with no specifics given on the settings used. As with any EA, proper backtesting is essential to evaluate performance. Live results are also provided but there is no verification via myfxbook or other independent tracking.

Usage & Settings

The Golden Bulls Gold EA works on the M1 chart and is focused solely on gold trading. It can work will all broker types but works best with ECN brokers offering tight spreads. A $200 minimum deposit is advertised but at least $300+ is recommended for live use.

Key settings:

Timeframe: M1
Symbol: XAUUSD
Deposit: $300 minimum recommended
Account Type: ECN/Low spread
Sets Files: Requires setup file import for backtest & optimization
Risk Management: Lot size & trailing stop loss

Proper backtesting requires importing the vendor’s set files. Without these files, the default EA settings will not give accurate modeling quality. The lot size input allows traders to scale risk to account size. The trailing stop loss dynamically adjusts to lock in profits during trends.

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User Reviews & Ratings

There are currently no independent user reviews for the Golden Bulls Gold EA given its high price tag. Feedback provided is from the vendor’s own accounts and social media channels. Without verified client feedback, it is difficult to gauge real-world user experiences.

The EA costs $30,000 which puts it out of reach for most retail traders. There are some resellers offering it for around $400 but with no guarantees provided with these unofficial copies. Those interested must conduct proper demo testing before considering purchasing this EA.

Verdict

The Golden Bulls Gold EA shows promise with its proprietary indicator system and focus on short-term gold scalping. However, without verified account tracking or client reviews, traders should approach it with skepticism. Proper demo testing is a must before using this or any EA for live trading.