Forex Glory EA is a trading advisor for Forex. The presentation looks simple and scam because there are almost no details explained. The devs claimed that our life before and after getting this system will be different.
How Forex Glory EA works
The presentation tells us almost no information about how the system works. It doesn’t allow us to predict the system running on our account.
- It can execute orders for us automatically.
- We can do our business.
- The developers decided that with their robot our dreams will come true.
- We can make profits with Gold Glory EA.
- The system is introduced by backtest reports and trading results.
- That’s it. Looks like a scam, right? How could this presentation be shorter?
- The advisor executes orders on Gold only.
- We don’t know details about time frames to work with at all.
- The strategy wasn’t disclosed either. Most likely, there’s Price Action or Trend trading.
Forex Glory EA trading results
The system was tested on Gold in the M15 time frame. The data period was chosen from the beginning of 2021 until the end of August 2021. The modeling quality was 90.00% with 5 pips. An initial deposit was set at $100. The total net profit has amounted to $31,286. The profit factor was 12.55. The maximum drawdown was 5.88%. There were 5398 trades executed. The accuracy rate was 71% for Sshorts and 76% for longs.
The system works on the real USD account on the popular among auto traders broker – RoboForex. The advisor runs automatically using fundamental data from MT4. The leverage is 1:500. The system can be a news advisor. The account has both badges: Verified track record and Verified trading privileges. It was deployed on August 20, 2021, and deposited at scam-like money – $50.01. Since then, the absolute gain has become 141.29%. An average monthly gain is 141.29%. The maximum drawdown is 3.20%.
The system has closed 41 orders with 7066.0 pips. An average win in pips (203.46) is twice higher than an average loss in pips (-115.50). The win rate for longs is 87% when for shorts, it’s 100%. An average trade length is 2 hours. The profit factor is 16.29.
The advisor trades Gold only. The long direction with 32 trades is much ahead of trading activities than the short direction with 9 orders traded.
The system opens trades during the European trading hours and the beginning of the American trading hours.
Thursday (13 orders) and Friday (11) are the most actively traded days. The first three days weren’t quite active. It looks like during these days, the data is collected.
The robot works with high risks. The system has to lose 10% of orders in a row to lose 10% of the balance.
The developers hid closed deals for us. So, it’s unprofessional because we are not allowed to know lot sizes and other important details.
The system closed in August 2021 in profits. The system works just a bit longer than one month. We don’t know if it’s possible to be profitable with it in a big range.
Pricing & refund
We can subscribe to an advisor for $70 monthly. The system is supported by a 30-day refund policy. We can get money back if we are not satisfied.
The presentation doesn’t include any sign of testimonials. We googled for them but with the same results. Sites like Forex Peace Army and Trustpilot don’t have a company profile.
It’s hard to trust blindly without feedback to the system that is just a month old. We don’t know if it can make profits in a range of a year.