Golden Coup EA Review

May 27, 2022 08:31 AM ET
Golden Coup EA Review

Golden Coup EA is a trading solution that can be found on the MQL5 market. The system allows us to trade Gold on the MT4 or MT5 platform. We have decided to check it out to check whether the profitable trading is possible with this EA or not.

Golden Coup EA

Type

Expert Advisor

Price

$699 and $750

Strategy

Price Action

Compatible Platforms

MT4 , MT5

Currency Pairs

Gold

Timeframe

H1

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

N/A

Trade length

1 day

Trading strategy explanation

The presentation is featured by various details and information about how the system is going to work on a real account. For your comfort, we systemized all info in the following list. 

  • Golden Coup EA can provide us with a possibility to execute our orders completely automatically. 

  • The system can provide us with big returns. 

  • It could keep drawdowns below 20%. 

  • We can work with it safely or aggressively. 

  • The system has a self learning algorithm. 

  • It works with a Price Action strategy to spot trading opportunities. 

  • It also includes a self-adaptive market algorithm that works with standard indicators.

  • The robot doesn’t work with risky strategies such as Martingale, Grid, Scalp or Hedge.

  • We can work under various broker conditions.

  • There’s an auto lot setting applied.

  • It's an easy to use trading solution.

  • If we buy The Golder Coup, we can get Genius Assets for free.

  • We should use it on a VPS server.

  • It’s compatible with NFA and FIFO rules.

  • We can get from 30% to 200% monthly.

  • It supports ECN accounts.

  • We can work with any currencies and indices.

  • The core symbol to trade is Gold on the H1 time frame.

  • It uses fixed SL and TP levels.

Backtest data analysis

Golden Coup EA backtest report.

The robot was tested on 99% history quality. An initial deposit of $1000 became $12,210,176 of the total net profit. The maximum drawdown was 16.02%. The profit factor was 15.83 when the recovery factor was 12.81. There were 2270 deals traded with 98.23% of the win rate for shorts and 98.88% for longs.

Live trading data analysis

Trading Results

MQL5 Account

Real (USD), ForexChief

Started

Apr 03, 2022

Deposit

$200

Balance

$242.96

Gain

38.43%

Daily

N/A

Monthly

20.92%

Drawdown

58.6%

Profitability

309.80

Golden Coup EA trading results on MQL5.

The robot has been working on a real ForexChief account with 1:400 leverage. The maximum drawdown is 58.6% when the maximum deposit load is 40.4%. So, the claims about low drawdowns were wrong. The win rate is 95.7%. The absolute growth has become 38.43% for 1 month of trading activity.

Golden Coup EA closed orders.

The robot works without Martingale and it places orders at the right time on the market.

Golden Coup EA statistics.

The robot has closed 23 deals. The best trade is 13.39 when the worst trade is -$0.25. The recovery factor is 308.80 when the profit factor is 309.80.

Golden Coup EA distribution.

The system trades both directions equally.

The company

The dev’s profile on MQL5.

Roman Erokhin is a developer from Russia. He has 8 products and 12 signals on the board. The portfolio has a 4.5 rate based on 45 reviews.

Golden Coup EA testimonials.

We have various positive testimonials about how the system works for clients and why they are satisfied.

Pricing

Golden Coup EA pricing.

We can purchase a copy of the system for $750 or rent it out for $699 annually. It’s still possible to download a demo copy to check settings and perform backtests.

Review summary

Pros

Cons

  • A backtest report provided
  • No risk advice given
  • No risky strategies applied
  • No settings list provided
  • Trading results available
  • The system is too young
  • Positive testimonials written
  • The pricing is high

Golden Coup EA is a trading solution that works with Gold but it can be applied to any cross pair or indice. The presentation includes information about the system and how it has to be used on our account. Trading results showed that the robot is new but profitable. Summing up, the offer is a bit overpriced compared to other Gold solutions.

Rating: 6/10


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