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Hey @hugco, I am not a lawyer for anyone, and I do not defend or accuse anyone (vendor or robot). I’m simply sharing another opinion and my experience with this EA.
I understand where you’re coming from and I agree to some extent. For newbies, just starting with algo trading, or with this robot, or with prop firms, I wouldn’t suggest trading with the Forex Gold Investor at the moment but this doesn’t mean that this is a bad EA. When people were “printing” money with this EA and passing almost every challenge, no one said a single word how good the EA is. Also when people were making money from stocks no one was complaining but then when the US president announced new tariffs and stocks wend down, people got scared. But now a few weeks later we can see how the stocks go up again.
Personally I don’t plan to stop using the robot completely. I still paused trading it for a few days to observe how the market would react after last Tuesday’s price gap. My personal goal is to adapt under these conditions (without taking huge risks), by doing a lot of backtesting with different settings and lowering my overall risk (and also limiting the times when the EA trades based on the volatility analysis I made).
From what I’ve observed, Forex Gold Investor is a time-based, volatility-sensitive EA. It buys gold during “deep” drops or strong momentum moves, and also trades trend pullbacks, using momentum indicators and Bollinger Bands for confirmation. And it’s very sensitive to high spreads, and especially to volatility.
I did some analysis and sharing some of the numbers I’ve been looking at recently (data source is The5ers M1 bar data, I pulled it from one of my current challenge accounts). If you examine gold price volatility in 2025, you’ll see that we’re currently in the most volatile period since the beginning of the year. Gold even reached an all-time high in April before starting to decline again. So, the market is more volatile than usual, and personally, I believe that’s the main reason for FGI’s poor performance at the moment.
In the below graph, you can see that the gold market at The5ers closes every night at midnight. Typically, in most of my accounts FGI enters trades between 21:00 and 23:00 my local time (GMT+3), but after the midnight gap, the price often opens lower, making it nearly impossible for the EA to recover. Interestingly, the 15:00–17:00 window consistently shows the highest volatility across all months, which aligns with the overlap of the European and U.S. trading sessions. However, based on my observations, FGI rarely trades during this high-volatility afternoon period because of the built-in spread filter. So the main issue remains: the midnight gaps combined with the significant volatility that follows (as the robot already entered trade and in many cases it ends up hitting the SL).
This isn’t the first time FGI has had drawdowns – and it certainly won’t be the last. If you look at the vendor’s track record starting from August 2019, you’ll notice a significant drawdown in April last year, and several more later that same year. But since the beginning of 2025, the EA has been performing very well—until now. So I believe better times will come. The more I dig into the data and view it from different angles, the sooner I believe I’ll catch the next uptrend wave. At least, that’s what I believe in and what numbers show me.
I traded for a few days this week, for example yesterday I traded only around afternoon and then stopped, and skipped the losing period at midnight. Now I stopped because of the upcoming holidays and the limited trading hours and closed gold markets at some prop firms.
As I wrote above, my plan is to observe the market and try to adopt and learn something new for myself.
To answer the question of @boyanlow , Petko passed a few challenges with FGI earlier this year – with FundedNext and with The5ers but this was before Trump’s tariffs announcements on the 9th of April which ignited the fire of volatility. Currently the robot doesn’t perform well but I’m a believer that this time will pass and it will be a good choice again. Also for that price, Forex Gold Investor is a must-have in my opinion.
Hi, the app shows the best strategies from our automated strategy generation process.
In January 2025 we made significant improvements to the strategy validation process and now the strategies in the app are cross-validated with historical data from multiple brokers which ensures that more robust strategies are available for download. Only the best strategies which pass the criteria are shown in the app. The strategies shown in the app are the best which passed all the criteria, including they performed well enough in the last 1 month. If there are less strategies for some pairs this means that the other strategies didn’t pass all validations. There may be some times when strategies will be fewer but until now they were way more than 10 per asset. We can easily lower the criteria and fill the app with strategies but we don’t won’t sacrifice quality for quantity.
Should you have any additional questions, please let me know or drop an email at our support inbox.
Hey Mike, I see that Аlan has given you detailed information so I’ll elaborate on your latest question.
You’re on the right track – it could definitely be due to spreads, but there are also a few other common reasons why the MT4 and MT5 versions of the same expert advisor (EA) behave differently:
– MT5 might use RAW or ECN pricing with lower spreads but commissions, while MT4 might have wider spreads with no commission.
– Differences in execution speed, slippage, or margin requirements could affect trade conditions.
– MT5 uses different order execution (position-based vs MT4’s ticket system)
Also, if the MT5 and MT4 platforms are at different brokers, then the results will be different for sure as brokers have slightly different pricing or candle data, which affects indicators or signals.
For context, I’m sharing a link to the video where we showed and shared these EAs for free.
Hi Zachary,
Marin here from the customer support team. I’m sorry to hear about your experience. Since I can’t find email coming from your registered order email, neither any held comments under the YouTube video, I sent you an email with instructions what to do to trigger the refund process.
For transparency I want to point out that we don’t delete user comments on YouTube or anywhere else. If you read some online reviews about our company you will see that we don’t have any complains about holding users money or etc. For us user satisfaction is one of the most important things and we will keep it this way going forward.
Please check your email and sent me the requested information to proceed with the refund request.
Thank you and have a nice week ahead!
Hi Nicholas, since you already wrote an email with your questions, I’ll reply there directly. The forum is active, you can see the “Last Post” next to each topic. Some topics don’t have recent activity while other are very active. But it doesn’t matter if you’ll ask for support in the forum, via email or in socials, we respond everywhere.
You will need a trade copier for this. Sam made some reviews of such tools: https://youtu.be/9_SE9-rbtyc?si=XRUg-jBrQkTsxU1P
Hi, the portfolio expert was removed in December 2024 when we added the new timeframes. Initially the app included only M15 strategies, but we added few more as we found that there are robots that perform well in different timeframes also.
The portfolio expert should be placed on one chart from one timeframe, that’s why when there are multiple timeframes, there is no way to create a portfolio. You can download the separate EAs from the same timeframe and upload them into EA Studio and create the portfolio there but you should bear in mind that with portfolio EAs, the magic numbers are not the actual EA magic numbers, instead they start from the number you put as base number and increase by one for each strategy.
In our roadmap we have a plan to add the actual magic numbers in the portfolio but can’t say exactly when this will happen.
Hey @gordon93, sad to hear this. The strategies in our apps can be described as trend-following EAs. Can you forward the questions they asked to our support email so we can take a look and try to understand their requirements better. We might address this in a video.
Hey @gordon93, sad to hear this. The strategies in our apps can be described as trend-following EAs. Can you forward the questions they asked to our support email so we can take a look and try to understand their requirements better. We might address this in a video.
Hi @joko-supriyadi, this means that we first look which are the top 3 EAs in the 1 year charts from the app and then we look if the same 3 magic numbers are present in top 3 in the 1 month. We trade only those EAs which are present there as well. It could be all 3, but it could be just one of them.
Hi @Guenther, the risk you set is per individual EA, meaning the more EAs you put on the account the higher risk you take.
For example, if you trade 3 EAS with mid risk (1%), you will be risking 3% from the initial account balance as this is the value which you set when exporting the EAs from the app.
Hi, the core generation process is the same, as well as acceptance criteria and Monte Carlo robustness testing. From that point the strategies in the Top 10 App go through cross-validation with BlackBull markets data only, while the strategies in the Prop Firm Robots app are cross-validated with several more brokers. Also in the Prop App we put the most active strategies. From our side we don’t set limitations on the usage of the Top 10 app or Prop app, so as far as you use the equity and account protections with the Top 10 Robots, you might still use them. In the Prop app we just but the most robust strategies from all strategies in the Top 10 app. That being said, at the moment there are some strategies which are available in both apps by the time of writing this post.
Hi, I see you’re trading the EAs on a 60k account and you’re using the 50k EAs. This is causing your issues. Please use the custom settings to configure the robots for $60k account.
