BBTrading strives to publish a professional EA review weekly to help more traders understand these so-called"Holy Grails"comprehensively.
Before reviewing the new EA,let's recall our previous review of CyNera EA:We mentioned whether CyNera EA would implement stop-loss?Absolutely!Would it hit the 30%drawdown line?That depends on whether the German developer would push their luck.Evidently,the German developer wasn't patient enough and didn't significantly reduce the initial lot size to nurture the signals after reading BBTrading's article.
The TURBO signal of CyNera EA has triggered a stop-loss once,with the loss amount exactly at$147(29.4*5).It currently has an unrealized loss of over$300.The author didn't stop-loss but chose to manually intervene and hold,rendering the signal invalid.
The non-TURBO signal has reached a maximum drawdown of 90%,currently still showing an unrealized loss of around$735.Both signals have fallen-this is what traders were praising as the"unbeatable Holy Grail"six months ago.
This Gold Scalping AI EA has been heavily discussed in trading groups recently.Similar to Cynera EA,it currently maintains a 100%win rate,exciting group members who praise its high accuracy and claim it has been stable for 6 months.BBTrading noticed that over the past year and a half,MQL5's promoted EAs follow a pattern:high win rate(preferably 100%),no martingale grid,one-trade-at-a-time approach,primarily trading gold.
BBTrading previously reviewed"BBTrading's EA Review:PrizmaL Gold-A Gold EA with Meticulous Entry Points"and"BBTrading's Review:What's Behind CyNera EA's 4-Month Undefeated Record!"
If we had to rank these three EAs,today's Gold Scalping AI would rank last.Why?Because the Vietnamese developer has no shame.
According to BBTrading's incomplete statistics,this Gold Scalping AI EA has changed signals 7 times,with 6 signals being stopped out and delisted,and renamed 4 times,finally packaged into the"unbeatable Holy Grail"you see now.
These are the suffixes of the Vietnamese developer's stopped-out signal links,all now inaccessible.
Gold Scalping AI EA's previous names include:Gold Scalper Trading,Gold Trading AI,Trend Trading EA.Why such frequent renaming?Because each time a signal was listed,it would get stopped out shortly after.So the EA would be delisted,renamed,and re-uploaded,then paired with a carefully prepared signal from their pool that hadn't been stopped out.With such meticulous planning,if you don't take the bait and the signal survives for six months or a year without stopping out,how can you resist?
After the first section,further review might seem pointless,but since many might still have doubts,let BBTrading present the data.
First,the Vietnamese developer's signal platform is the same as Cynera EA's-Weltrade-Live.In the future,if you see signals from this broker,you can blacklist them 90%of the time.
The Vietnamese developer's signal initialization style matches other sellers:starting with large lots,initially 0.60,making$3,000 from 27 successful trades in one and a half months,achieving 150%annual return.Then suddenly reducing the lot size to 0.10 to slowly"farm"traders.Doesn't this raise questions?With$2,000 initial capital trading 0.60 lots,if the strategy truly maintained 100%win rate,why not increase to 1.2 lots at$4,000,1.8 lots at$5,000?Instead,why reduce to 0.10 lots?Wouldn't this prevent"buying the Earth"?When selling EAs,all backtest curves show compound interest"buying the Earth,"so why no compounding and even lot size reduction in live trading?
The Vietnamese developer might say,"I never claimed 100%win rate,it's just currently 100%."Look at the image-the backtest from 2021 shows a 97.21%win rate,there are losses.But look at the profit factor of 174,maximum drawdown of just 3.19%,and starting with$100,achieving 98x profit over 21 years.
Fine,let BBTrading break this down point by point.
①100%win rate?Stable for six months?
This EA performs slightly differently on various platforms.To replicate the signal's entry positions,the server time is GMT+2.Although the EA has GMT auto-adjustment,entry positions still vary across platforms.
Through BBTrading's backtesting from 2020 to present,Gold Scalping AI EA's longest winning streak is around 87-90 trades.Performance was good in 2021 and 2023,achieving nearly 150%annual returns.However,here's the fatal flaw:no strategy can handle all market conditions.2021/2023 were low-volatility,ranging years for gold.What about high-volatility years like 2020,2022,and 2024?
Let's assume the Vietnamese developer isn't faking and their win rate is genuine,above 90%every year.Paired with this unforgeable 1:21 poor risk-reward ratio,the best performance would be like these three years.In actual trading conditions,which are harsher,if the win rate drops to 80%,with increased drawdown and reduced annual returns,would you still accept it?
②Why doesn't the signal use compound lots?
After losing 6 signals,this seventh signal-the one you see on MQL5-was launched in mid-September,as the sixth signal was stopped out in June 2024.The seventh signal actually experienced a stop-loss on November 14,2024,but was saved by Weltrade-Live's 9-pip spread on gold.From the chart,you can see Gold Scalping AI's per-trade stop-loss:$40 for 0.01 lots.
If the Vietnamese developer continued with 0.60 lots,a single stop-loss would cost$2,400.Using the initial compound ratio,at$4,000 with 1.2 lots would lose$4,800,at$5,000 with 1.8 lots would lose$6,400.After reducing to 0.10/0.20 lots,single losses become$400/$800.Divided by the current$5,000 capital,single stop-loss drawdowns would be 8%and 16%-this is the main reason for reducing lot size and not withdrawing profits.
In the future,as long as the Vietnamese developer controls the proportional lot size,even with bad luck and two consecutive stop-losses at 0.20 lots losing$1,600,the current$5,000 equity is enough to keep the signal alive on MQL5 for display.If the signal continues successfully,the Vietnamese developer should start withdrawing profits.
Looking only at ranging years'performance:100%win rate but only 150%annual return.The"but"here isn't BBTrading"overestimating"-this win rate and return wouldn't even qualify for discussion in domestic trading circles and asset management perspectives.Ask your"guaranteed profit"contacts-their EAs surely have more explosive data.
For high-volatility years,it's not even worth discussing.
This EA's only suitable scenario:If you only have 100 USD left and want to gamble it into 250 USD,with extremely good luck,you might achieve it in a year.