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This article is obsolete and no longer maintained.
Trading style: trades with a fixed TP in the direction of the underlying Gold trend. Multiple concurrent trades are possible, grid-style. No SL, so most likely problematic if the trend changes.
Currency pairs: XAUUSD (Gold). There’s also an XAGUSD (Silver) version but the author recommends not trading it due to the current Silver instability.
Timeframe: H1
Expert Advisor price: $30
NFA compliance: might need an overseas broker due to the leverage restrictions imposed on US brokers.
Refund policy: 60 days, conditioned by a statement of the EA of at least 10 trading days
Read more at the Forex Gold Trader website

Buy Forex Gold Trader

Note: this is an EA that trades based on signals coming from a server. Caution is advised when it comes to the account size traded & minimum lot size since it can open a lot of positions sometimes. If the gold trend changes or a strong enough retracement happens, your account risks a margin call. Version 4 attempts to work around this problem to a certain extent but it remains to be seen how well it will succeed. The v4 backtests seem to have no problem with the extreme retracement in 2011 that brought v3 to its knees. My v3 test that failed remains posted below.

Birt’s forward test

Settings: default (FGT_AutoLot 0.005)
Started: 31.10.2011
Stopped: 29.11.2012 (dangerous strategy)
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Leverage: 1:500
Note: this account is running Forex Gold Trader v4

Forex Gold Trader v4 live forward test

Birt’s Forex Gold Trader v3 forward test »

Settings: default (dynamicLot 0.5)
Started: 08.08.2011
Stopped: 26.09.2011 when gold took a plunge and the account took a stop out.
Broker: PrivateFx
Account type: live, micro
Starting balance: $300 (increased by $200 on 24.08.2011 when the account was close to a margin call)
Note: this account was running Forex Gold Trader v3

Forex Gold Trader v3 live forward test

Official forward tests

Forex Gold Trader v4

Old official Forex Gold Trader v3 forward tests »

Forex Gold Trader v3

Note: in all likelihood, the official forward tests below also hit stop out in August 2011 (or September if not August) despite their large balances.

Account #1

Started: 24.05.2010
Broker: FXDD
Account type: live

Forex Gold Trader official live account #1

Account #2

Started: 24.08.2010
Broker: FXDD
Account type: live

Forex Gold Trader official live account #2

Account #3

Started: 30.09.2010
Broker: FXDD
Account type: live

Forex Gold Trader official live account #3

Account #4

Started: 12.10.2010
Broker: FXDD
Account type: live

Forex Gold Trader official live account #4

Account #5

Started: 29.04.2011
Broker: Forex.com
Account type: live

Forex Gold Trader official live account #5

Account #6

Started: 26.07.2011
Broker: Instaforex
Account type: live

Forex Gold Trader official live account #6
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