The video tests an expert advisor for advanced gold trading. The seller provides multiple EAs and signals for a price range of $200 to $300 USD. The video discusses the risks associated with Martingale systems and the importance of testing before purchasing. The seller recommends contacting them for installation and settings, but the effectiveness of those settings cannot be guaranteed in the future. The EAs have a high drawdown and use a news filter and smart filter to avoid unexpected market changes.

Gold Trading Expert Advisor: Is it worth your investment?

Introduction
Expert Advisors (EA) are computer programs that automate trading operations on behalf of traders. Empire 5 is one such recommended platform for trading, and today we are going to test the advanced gold trading expert advisor.

Pricing
Typically, EAs cost $200 to $300 on the MQL5 platform. The pricing of this EA is a little weird, with the seller claiming only a few copies are left at $399, while selling it for $2.99. Let’s have a look at the performance and decide whether it’s value for money.

Signal Reliability
The seller offers over 80 signals and EAs on the MQL5 platform, indicating that he offers multiple options to traders. However, as we delve deep into the signals, we observe that they have a short lifespan of around three to ten weeks. Additionally, some signals have high drawdowns and have gone bankrupt.

Martingale System
The low recommended testing periods and frequent opening of signals as well as high drawdowns, suggest that this EA is based on the martingale system. This system builds positions and increases position size if it is not going away. The drawback is that it requires huge capital, and depends on fortune or lack thereof.

Strategy
The seller claims that the EA uses a trend following technique, but it’s hard to believe since it appears to use a martingale system. Additionally, the seller offers a smart filter to avoid unexpected falling or rising gap, but it cannot be utilized in backtesting.

Conclusion
Based on performance and strategy, we cannot justify investing in this EA. The signals, frequent opening, high-risk trading, and the lack of a smart trading strategy are big turn-offs for investments. As a prudent trader, it’s better to research and invest in an EA with a higher probability of return on investment.