Forex Robot ReviewsPassive Income

Golden Million Review: Is It Wise to Hand Your Trading Over to This EA?

2 Mins read
3.8

Golden Million is an easy-to-use trading system that hides all the unnecessary parameters to facilitate easy installation. It also allows you to select the correct risk before you run it. Since the Forex market is unpredictable, the vendor cannot give you any guarantees on the expected profits. You will have to find this out by yourself if you decide to invest in the robot. 

Golden Million company profile

The developer of this EA is Aleksei Bordak. New Million is his other creation. Aleksei purports to have a working experience of close to two decades in finance and programming. Not only does he create trading algorithms for the Forex market, but also for the financial and crypto currency markets. He does a lot of groundwork before releasing his products. 

The highlights of Golden Million

The robot includes several features:

  • It works on the H1 timeframe.
  • You are asked to use a leverage of 1:100 and higher.
  • The main trading instrument is XAUUSD, gold.
  • The system works with hedge accounts.

We don’t know what strategy this robot works with. This info has not been revealed to the public. 

Facts & figures

Backtest data
Backtest data

As per the statistics above, it is apparent that Golden Million was backtested, but it is still unclear which historical data period and timeframe were used. In any case, millions of profits ($80720861.13) were generated following the execution of 1252 trades. There were win rates of 92.61% for short trades and 91.99% for long ones. A maximum drawdown of 1.08% was reported, which means that the trading strategy was not risky. 

Unfortunately, Aleksei does not post the live trading results of this system. We would like to confirm if it generates big profits as the developer wants us to believe. 

Golden Million packages

The current asking price for a lifetime license of Golden Million is $900. Renting options are also on offer. If interested in this package, the vendor expects that you pay $400 and use the robot for 6 months. The yearly option goes for $600. A money-back guarantee is not featured. 

Golden Million’s pricing plan on MQL5
Golden Million’s pricing plan on MQL5

Assistance

The developer doesn’t provide an email address or social media handles, which you can use to contact him. So, the only way you can make inquiries about the product is through the comments section found on the MQL5 website. 

Other notes

Golden Million has both positive and negative customer reviews. Among satisfied clients, the claims are that the system works brilliantly and is one of the most successful EAs in the market. The dissatisfied group states that the robot generates small wins, and at times, it can make losses for months. 

Customer feedback on MQL5
Customer feedback on MQL5

Is Golden Million a reliable system?

The backtest results illustrate that the robot can trade effectively and generate good trading outcomes for the user in the long run. However, since the vendor doesn’t provide live trading data, the best move would be to test it first on Myfxbook before buying it. 

Golden Million Summary

3.8
The main advantages of the robot are that it is fully automated and easy to operate. With regard to its downsides, we have learned that the EA is overpriced and doesn’t come with a money-back guarantee. Moreover, since the trading method used is not revealed, traders can’t know how it searches for trades.
2.0

Performance statistics

4.0

Reviews from customers

8.0

Ease of use

2.0

Implemented strategies

3.0

Pricing

Pros

  • +Easy to use
  • +Fully automated

Cons

  • -Trading strategy is not disclosed
  • -There are no live trading records
  • -Pricey
  • -No money-back guarantee
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