Golden Coup EA uses sophisticated software that can generate high potential returns while maintaining a less than 20% drawdown. As per the developer, the algorithms used by the EA make it easy for traders of any training level to invest in a safe and aggressive system. The FX EA is fully automated and has auto-lot settings that make it a reliable and profitable product as per the developer.
Published on the MQL5 site in February 2022, this FX robot is developed by Roman Erokhin. He is based in Russia and has created 8 products including Golden Fleece, Angry Lion, and Genius Assets. The vendor can be contacted via the direct messaging option present on the MQL5 site.
The official website has information on the FX EA including its working method, a few of its features, and vendor recommendations. According to the author, this FX EA is a high-precision system that is easy to use on the chart and generates a respectable profit despite small drawdowns. The author assures a monthly profit ranging from 30% to 200% and a drawdown that is below 30%.
Golden Coup EA
|Trading Platforms||MT4 or MT5|
|Strategy||Price action and indicators|
You can purchase this ATS for $750. A rental option is present that costs $699 per year. The vendor offers free demo accounts. We could not find details on the features you get with the package. No money-back guarantee is present which raises doubts about the dependability of the product.
As per the developer, this FX robot uses a self-adaptive algorithm that works on price action patterns and standard indicators. It does not use dangerous money management methods like the grid, hedge, scalping, or Martingale methods. It imitates the function of the brain and is capable of learning and adapting to the changing market conditions and predicting events. The developer states that the EA uses the quotes and other data necessary for deciding on the order for its analysis.
The important features and recommendations for this FX EA as per the developer are:
- It is compatible with NFA, FIFO, and MT4 Build 600+.
- The FX EA supports ECN accounts and works with any FX broker.
- It can work on any currency pairs and indices but the recommended pair is the XAUUSD.
- The ATS uses the H1 timeframe.
- Efficient money management is used with fixed SL and TP.
A couple of backtests are present on the official site. Here is one of the backtesting reports:
From the above stats, we can see that the FX EA generated a total net profit of 12,210,176 from an initial deposit of $1000. For a total of 1135 trades, the profitability of 98.59% and a profit factor of 15.83 were present. The drawdown was 16.02%. From the results, it is clear that the approach used was not risky and the performance was good.
The developer provides a live trading result for the FX robot on the MQL5 site. Here is a screenshot of the trading stats and growth curve:
From the above stats, we can see the EA has generated growth of 38.43% for an initial deposit of $200. The account uses the leverage of 1:400 and was started on April 3, 2022. For a total of 23 trades, the profitability is 95.7% and the profit factor is 308.8. A maximum drawdown of 58.6% is present.
Contrary to the claim of the developer, the drawdown is very high indicating a high-risk strategy. The profits are high indicating good performance. However, the number of executed trades is very small making it difficult to evaluate the quality of the trades. Further, such a small sample size makes the results random.
Unfortunately, we could not find user reviews for this FX robot on trusted third-party sites like Forexpeacearmy, Trustpilot, etc. The MQL5 site has reviews for the ATS where people claim that it is a good trading tool. However, we do not consider them authentic as the site promotes the product, there are high chances of the testimonials being manipulated.