Expert AdvisorsForex

Golden Million Review: Things You Need to Know Before Investing

2 Mins read
3.0

Golden Million is a trading advisor that is sold on the MQL5 market. The presentation includes information about what we can expect from the robot’s performance. So, we have decided to take a closer look at it and what we can achieve with this EA. 

Golden Million trading strategy

  • We don’t have information about the strategy on the board. 
  • The system works with Gold only. 
  • We can open orders on the H1 time frame. 

Golden Million backtesting report

Golden Million backtest report
Golden Million backtest report

There’s a report for XAUUSD. The history quality was 98%. An initial deposit was $1,000 that became $80,720,861 of total net profit. The maximum drawdown was 16.94%. This level of possible drawdowns is acceptable. The profit factor was 12.25. Golden Million has traded 1252 deals with the accuracy being 92.61% for short and 91.99% for long trades. 

Golden Million live results

The dev’s portfolio on MQL5
The dev’s portfolio on MQL5

The portfolio includes four accounts with signals. Now, we have only one and it’s not the Golden Million. It’s a huge con because the MQL5 platform provides all opportunities to share the trading results with people. It doesn’t seem right. Usually, developers do their best to published actual trading results to grow a level of trust between us and their products. 

Some features of Golden Million

The system has various features revealed and explained. We have systemized them in the following list:

  • The robot allows us to get our trades on a real or demo account executed automatically. 
  • We can execute deals on crypto, Forex, and other financial markets.
  • The developer has to have over 15 years of trading experience. 
  • He managed an account with over several millions assets on the market. 
  • The owner will be able to decide to stop selling the system for new clients. 
  • He forms a private club for the robot owners.
  • The gained profits can be stable. 
  • The only pair to trade is Gold. 
  • We can set the system to trade within several minutes. 
  • There’s a possibility to customize the risks properly. 
  • The core time frame to trade is H1. 
  • We should use the system on a Hedge account type. 
  • The leverage should be over 1:100. 
Total returnN/A
Maximal drawdownN/A
Average monthly gainN/A
DeveloperAleksei Bordak
Created, year2021
Price$199, $399, and $499
Typen/a
TimeframeH1
Lot sizeN/A
Leverage1:100
Min.depositN/A
Recommended depositN/A
Recommended brokersN/A
Currency pairsXAUUSD
ECNRecommended 

Main things to consider if you invest with Golden Million

Automated trading 

The robot supports automated trading, which means that the system allows us not to sit in front of the PC the whole time.

The system trades a single pair

We are allowed to use the robot on XAUUSD. 

Performance 

The developer skipped providing us with actual trading results where the robot works under current market conditions. 

Official Golden Million website

The presentation includes various information about the robot. We systemized the most important claims in the features list.

Pricing details

Golden Million pricing on MQL5
Golden Million pricing on MQL5

The price decreased from $999 to $900 and then to $499. The core reason can be that the system doesn’t have trading results as proof. We can rent the robot fill out for $199 for half a year and for $399 annually. 

Other notes

Golden Million testimonials
Golden Million testimonials

We have negative and positive testimonials about the developer and his products. 

The dev’s profile on MQL5The dev’s profile on MQL5
The dev’s profile on MQL5

Aleksei Bordak is a developer from Russia with a 1736 rate. It’s not a big one. There are four products and 17 signals in the portfolio where only one is available and the rest are hidden. His products have a 2.5 rate based on 34 reviews. 

Golden Million Summary

3.0
Golden Million is a system that has a short presentation that doesn’t explain to us everything about the system and its performance. The developers removed trading results several months ago. Without actual trading results it’s hard to understand if the system fits our expectations fully.
5.0

Functionality

6.0

Reliability

2.0

Strategy

2.0

Price

1.0

Trading Results

2.0

Vendor Transparency

Pros

  • +The price was decreased twice

Cons

  • -No risk advice given
  • -No strategy explanations provided
  • -No settings list shown
  • -No actual trading results shared
  • -No refund policy provided and high pricing
  • -Many negative testimonials written
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