WinningSolutionSystem.com (Was ForexGoldTrader.com)

Really nice stable curve and no losses on the demo so far.
Some small loss floating.
No stoploss is in this EA! Good or dangerous?

 

Just bought this, waiting for the authorization code. Will be trading this on demo first and will post reults.

 

The Performance looks nice and a lot of users are happy with Forex Gold Trade.

But my question is would it work that good next year? I mean look at the Gold Chart 2010 - you see the the price is rising without long sideway times. Look at the Gold Chart 2009 - here you may get some open positions for a long time.
Or what will happen if Gold goes down by 20% next year and you have open positions (without a stop loss...)

So for me it would be interesting is it only a lucky time for Forex Gold Trader?

 

nice performance, we'll see for the next months

 

buy it on Thursday, till now has 4 successful traders, in my FXOpen cents account.

 

I'm trying it, too. I'm concerned, though, because of its bias toward buys rather than sells. A purchase of gold any time in the past year would become profitable in a couple of months at the most. Buying, in hindsight, has been a no-brainer. A team of monkeys with keyboards could have done it. Just buy and hold, baby.

Gold, historically, has gone through extended corrections, though, in 2008, for example. Can this EA handle that with no stops, without blowing out your account?

 

Hopefully yes, because long term trend for gold always going up.

But when market going bad, better we limit maximum floating losses up to 40%.

 

Hmmmm..

Ya, I always get concerned about EA's that show a straight up graph. What concerns me even more, is that the report doesn't show ANY drawdown period, which is not right. At the time of this posting, there was over $1,300 down in floating, so report of no drawdown whatsoever is a bit misleading. And ya, once the trend changes, it's a good question about what happens at that point. I've seen many an EA, that would simply hold on to the trades with HUGE drawdowns. At first it wouldn't be obvious, until suddenly the account blew out from a margin call due to too heavy of drawdown. There are TP's on the trades, but no SL's, so obviously the software is maintaining those. Or at least one, would hope. LOL I'm a bit skeptical to try it until it sees a trend change with some chop to see if it truly holds water, because it's always a question how big the losses are. Too many EAs let one loser wipe out ten profitable trades. Keeping an eye on this performance for sure.

 

ForexGoldTrader.com - best broker?

Hi Guys,
Is anyone out there running this EA live with FOREX.COM?

I am planning to go live with £10k and would be very interested in any feedback.

I will report my progress over the coming weeks.

Regards
J