Expert Advisor Review

Forex GOLD Investor Review MT4/MT5

Not Recommended MT4/MT5 XAUUSD (gold) $267 (regular $547) Verified 2 Oct 2026

The Bottom Line

The Robotic Trader's verdict: Forex GOLD Investor is Not Recommended. The three accounts its sales page presents as "FULLY Verified" live performance are demo accounts, and the vendor's one real-money account has fallen 46.67% from its peak against a marketed maximum drawdown of 4.37%.

The proof on the sales page is not real-money trading. Forex GOLD Investor trades gold on MetaTrader 4 and 5. Its sales page shows three accounts under the heading "Live Performance on a FULLY Verified Myfxbook Account". All three are demo accounts, trading simulated money. The vendor's Myfxbook profile lists six accounts in all, and only one of them is real money. That one is not on the sales page.

The real account was funded once, with $708.67, on 18 November 2025. By 1 October 2026 it showed +145.10%, but nearly all of that came in a single month: January 2026 made $1,819, while the rest of the record, taken together, lost $791. Its balance peaked at $3,023.23 on 2 March 2026, fell to $1,612.39 on 31 August, a 46.67% drawdown, and had not recovered by 1 October. The sales page quotes a maximum drawdown of 4.37%, from a 22-year backtest.

The way it trades explains the numbers. It wins about seven trades in ten, but its average loss, $23.20, is more than twice its average win of $10.63, so it depends on rare large wins like January's. We also tested it against FTMO's challenge rules on FTMO's own data, because the sales page says it passed a "$200,000 PROP FIRM Challenge". It made money over the full test, but every pound of that came before its latest re-optimisation; on the 403 trades after it, it lost money. Under our method, that is a fail.

What counts in its favour: the real account is genuine and verified by Myfxbook, every trade had a stop loss at the broker, the developer publishes detailed release notes, and the product carries a 30-day money-back guarantee on its own site. What would change our verdict is set out in the disclosures below.

Methodology
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Evaluation Methodology

This review was conducted under our Track 1 framework, which applies where an Expert Advisor has a live record monitored by a third party. Forex GOLD Investor has one real-money account on Myfxbook, with both its track record and its trading privileges verified by Myfxbook. The other five accounts on the vendor's profile are demo accounts, which we record and discount.

We read all 2,267 trades in the real account's history and checked them against Myfxbook's own totals. They match to the cent, and our balance drawdown matches Myfxbook's 46.67%. We then read the vendor's sales, blog and affiliate pages, both MQL5 product listings with their release notes, reviews and comments, ForexPeaceArmy and Trustpilot.

Separately, we ran a Track 3 prop firm conformance test: the free MQL5 demo, on the developer's default settings, in the Strategy Tester logged into an FTMO Free Trial so that the prices, spreads and commission were FTMO's own. How those tests work is set out in our methodology. The criteria that decide this review are there too: a drawdown materially larger than the marketing implies is an automatic fail, and a high win rate with a poor payoff ratio is a warning rather than a strength.

Note: live data in this review is a dated snapshot. The Myfxbook accounts and the real account's full trade history were read on 1 October 2026; the sales page and MQL5 listings were read on 1 and 2 October 2026, and the FTMO test was run on 2 October 2026. They are not a live feed. We did not buy the Expert Advisor or trade it with real money.

The Accounts Behind the Claims

The vendor's Myfxbook profile lists six accounts. One is real money, and it is not the one the sales page shows. Figures below were recorded by us on Myfxbook.

The only real-money account

Forex GOLD Investor REAL

Recorded: 1 October 2026
2,267
Total Trades
70%
Win Rate (1,584 of 2,267)
1.07
Profit Factor
$10.63 / −$23.20
Average Win / Loss
+145.10%
Absolute Gain
46.67%
Maximum Drawdown
Account typeReal, USD — IC Markets, 1:500, MetaTrader 4
VerificationTrack record and trading privileges both verified (Myfxbook)
Record$708.67 deposited 18 November 2025; trades from 18 November 2025 to 1 October 2026, about 10½ months
FundingOne deposit, no withdrawals, so the gain figure is not distorted by cash flows
Balance$1,736.96, against a highest balance of $3,023.23 on 2 March 2026; no open trades
Drawdown by balance / equity46.67% by balance: $3,023.23 on 2 March 2026 to $1,612.39 on 31 August 2026 (Myfxbook, matched by our count). Myfxbook's daily equity chart shows 46.32% on the same dates
InstrumentGold (XAUUSD) only, at 0.01 to 0.04 lots; 0.04 was used only on 29 January 2026
Direction2,030 buys (+$936) and 237 sells (+$92): it trades gold almost entirely from the long side
Best / worst trade+$201.90 (29 January 2026) / −$171.74 (10–13 April 2026, held over a weekend)
Trading activityAbout 50 trades a week; average holding time 1 hour 28 minutes (Myfxbook)
CostsCommission −$222.81 and swap −$169.14 over the record (Myfxbook)
Average result$0.45 a trade: $1,028.29 net profit across 2,267 trades
View on Myfxbook →
Demo accounts

The other five accounts

Recorded: 1 October 2026
Forex GOLD Investor (11789228)Demo, shown first on the sales page. +1,513.87%, maximum drawdown 46.89%, profit factor 1.11
Randomization 1 (11690096)Demo, shown on the sales page. +263.06%, maximum drawdown 49.54%, profit factor 1.05
New 3 (11789142)Demo, shown on the sales page. +211.71%, maximum drawdown 34.87%, profit factor 1.10
MT5 (11789133)Demo, track record not verified. +1,047.69%, maximum drawdown 59.54%
Forex Gold Investor 2 (3505470)Demo, track record not verified, the only long record (from August 2019). +296.79%, maximum drawdown 38.62%
What it meansDemo accounts trade simulated money with no real fills or slippage. We do not count them as evidence. Even so, none shows a maximum drawdown below 34.87%, against the 4.37% the sales page quotes.
View the vendor's Myfxbook profile →

How Hard the Losing Days Hit

Counted by us from the real account's closed trades, against each day's opening balance.

Days that lost more than 5%33 of the 221 days it traded
Worst days2 December 2025, −22.2%; 21 November 2025, −16.8%; 18 November 2025, −12.3%; 16 December 2025, −10.9%; 23 March 2026, −10.5% (−$242)
What it showsFTMO's 2-Step challenge caps a day's loss at 5%. On closed trades alone, this account would have broken that limit 33 times in 10½ months; counting open trades would only add to it. Work your own figures through in our prop firm drawdown checker.

How Long Losses Stayed Open

An average holding time of 1 hour 28 minutes can hide long positions, so we publish them. A floating loss still open and unrecovered 90 days after it began rules out a Recommended verdict under our methodology.

Longest positionAbout 2 days, five trades, for example a buy opened on 19 June 2026 that closed at −$36.88. 22 trades lasted more than a day; none lasted a week.
Longest open drawdownNo position stayed in floating loss for more than about 2 days. Separately, the balance has been below its 2 March 2026 high for 213 days: a closed-trade drawdown, not a position held open.
Open at our checkNone on 1 October 2026
Against the 90-day ruleNot triggered. The verdict rests on the other findings.

What the Sales Page Says, and What the Record Shows

Quoted from the vendor's sales page, read on 1 and 2 October 2026.

"Live Performance on a FULLY Verified Myfxbook Account"All three accounts shown under this heading are demo accounts. The one real-money account is not on the sales page
"MAX. DRAWDOWN 4.37%"From a 22-year backtest. The real account reached 46.67%, and no account on the vendor's profile shows less than 34.87%
"$200,000 PROP FIRM Challenge PASSED"We found no account, certificate or blog post supporting it. Our own FTMO test on FTMO's data is a fail (below)
"A Proven 'Sure Bet' Investment"The real account's profit factor is 1.07: every $1.07 won came with $1 lost. Without January 2026 it is a losing record
"You don't need to do any optimizations if you use the default settings"The developer itself re-optimises the defaults; version 2.4, released 16 June 2026, lists "optimizations to current market conditions" (MQL5 release notes)

Our FTMO Challenge Test

A conformance test of one configuration against one firm's rules, not a review. Run on FTMO's own server data under our published method; every result is on Best EA for a Prop Firm Challenge.

What was testedForex GOLD Investor MT5 version 2.4, free MQL5 demo, the developer's default settings unmodified (no prop firm settings file exists; the developer recommends the defaults). XAUUSD, 15-minute chart
EnvironmentMT5 Strategy Tester on an FTMO Free Trial, every tick based on real ticks, 99% history quality, £10,000 at 1:100, 1 January 2025 to 1 October 2026. FTMO's tester charged £141.35 commission
Full window+£2,369.07, profit factor 1.28, 2,627 trades, maximum equity drawdown 4.61%. FTMO's 10% target was reached on 7 May 2025 and no loss limit was breached. Lowest equity £9,948.27; worst day −£134.38 on closed trades (20 November 2025, about 1.1% of that day's opening balance)
Before and after re-optimisationVersion 2.4 was re-optimised on 16 June 2026. Before that date: 2,224 trades, +£2,411.30. After it: 403 trades, −£42.23, profit factor 0.97
ResultFail. The pass came entirely from data the settings could have been tuned to; on the 403 trades they could not, the account lost money. The margin is thin, and we report it as such
Also observedNo trades at all from 27 February to 7 April 2026, or from 20 April to 18 May 2026, on FTMO's data; we have not investigated why. On 50 occasions it held a buy and a sell at once; we note it, but do not count it as a breach of FTMO's rules
Why the drawdown is small hereThe default settings trade a fixed 0.01 lot per system whatever the balance. On £10,000 that is a small risk; the real account traded similar lot sizes on a few hundred to a few thousand dollars and fell 46.67%

Price and Licence Terms

Price$267, against a regular price of $547, on both the vendor's site and MQL5 (read 1 and 2 October 2026)
Where to buyThe vendor's own site, or MQL5 for MT4 and MT5, where a licence allows 10 activations
Refunds"30-Day Unconditional Money-Back Guarantee", as stated on the vendor's own site
Free demoOn MQL5; it runs in the Strategy Tester only
SettingsThe developer recommends the default settings on a 15-minute gold chart. Drawdown protections exist but are switched off by default; the developer says it "will refrain from recommending specific values"
US brokers (FIFO, no hedging)No, as run. The real account held a buy and a sell at the same time on 46 occasions. The developer provides an NFA setting and a No_Hedge setting; we have not tested them
PlatformMT4 and MT5

Key Evaluation Criteria

  • ❌ Evidence authenticity: fails. The accounts the sales page presents as "FULLY Verified" live performance are demo accounts.
  • ❌ Drawdown against the marketing: fails. The sales page quotes 4.37%; the real account reached 46.67%. Our methodology treats a drawdown materially larger than the marketing implies as an automatic fail.
  • ❌ Edge: fails. A profit factor of 1.07 across 2,267 trades, and a loss outside one month, is an edge close to breakeven.
  • ❌ Prop firm claim: fails. Nothing supports the "$200,000 PROP FIRM Challenge PASSED" claim, and our FTMO test on FTMO's data is a fail.
  • ⚠️ Payoff: a 70% win rate with an average loss more than twice the average win. See our Forex Fury review for where this pattern can lead.
  • ⚠️ Track record length: the real account is 10½ months old, well short of the 24 months we want before a recommendation.
  • ✅ Open-trade duration: passes. No position was held for more than about 2 days.
  • ✅ Funding and risk controls: pass. One deposit, no withdrawals, and a stop loss at the broker on every trade.

Suitability & Risks

What's Genuinely Positive

To be fair to the product

The real account is genuine, and the developer is open about how the product works.

  • ✅A real-money account with its track record verified by Myfxbook, funded once and never topped up.
  • ✅A stop loss set at the broker on every one of its 2,267 trades.
  • ✅No position held for more than about 2 days.
  • ✅Detailed release notes for every version, including the changes to its default settings.
  • ✅A free MQL5 demo, and a 30-day money-back guarantee on the vendor's own site.
Key Risks

Why we will not recommend it

Every item here is sourced to the vendor's own accounts or pages, or to our test.

  • ⚠️A 46.67% drawdown on the only real-money account, still unrecovered.
  • ⚠️The marketed "live" results are demo accounts.
  • ⚠️The real account's profit depends on one month, January 2026.
  • ⚠️It trades gold almost entirely from the long side.
  • ⚠️It holds opposite positions at once on default settings, which US brokers do not allow.
  • ⚠️It lost money on FTMO's data after its latest re-optimisation.

Important Disclosures

Verification History
2 October 2026 — first published, Not Recommended. Figures read from the vendor's six Myfxbook accounts and the real account's full trade history on 1 October 2026, and from the vendor's sales and affiliate pages, both MQL5 listings and ForexPeaceArmy on 1 and 2 October 2026. FTMO test run on 2 October 2026. We do not edit published figures to track current values; we add dated entries here instead.
What would change this verdict. So that this does not rest on our judgement alone, these are the conditions under which we would reassess Forex GOLD Investor:
  • A verified real-money account running the current version for 24 months, with a maximum drawdown consistent with what the marketing claims and no floating loss held open for 90 days.
  • The sales page labelling its demo accounts as demos, and showing the real-money account beside them.
  • A pass on our FTMO test over at least 100 trades taken after the latest re-optimisation.
The first is required; the others would strengthen the case.
What other users report. Independent comments on the MQL5 listings echo what the real account shows. In April 2025 a buyer wrote that the robot had cost them two funded prop firm accounts. In December 2025 a reviewer reported that its protection limits, such as a maximum of three losing trades a day, were ignored, and that its strategies had a profit factor below 1.0 over more than 200 live trades. Reviewers in October 2025 and March 2026 said it rarely or never sells (the vendor disputed the March review), and in April 2026 one asked where the live signal had gone. The listings carry high average ratings (4.35 from 119 on MT5, 4.40 from 52 on MT4), but one reviewer said a review was required to receive a free product from the vendor, so we give the ratings little weight. ForexPeaceArmy has no reviews of it, and we found no Trustpilot page.
About the vendor. Forex GOLD Investor is sold on MQL5 by Lachezar Krastev, who also sells WallStreet Forex Robot, Forex Diamond and GOLD Scalper PRO. His MQL5 profile lists five trading signals, none of them for Forex GOLD Investor. The developer publishes detailed release notes and answers buyers' questions on MQL5; it has told buyers there are no set files and that the default settings are the recommended ones.
What we verified, and what we did not.

We read all 2,267 trades on the real account (they reconcile exactly with Myfxbook's totals), the summary pages of the five demo accounts, the vendor's sales, blog and affiliate pages, both MQL5 listings with their release notes, reviews and comments, and ForexPeaceArmy. We ran the free MQL5 demo against FTMO's rules on FTMO's own data. We did not buy the Expert Advisor, run it on a live account, or test its optional settings, including its drawdown protections and its NFA and No_Hedge settings.

Affiliate Disclosure: Forex GOLD Investor has an affiliate programme that pays 30% commission, plus upsells, on every sale (vendor's affiliate page). A Recommended verdict here could have earned us commission. We have not joined the programme, we reached Not Recommended, and no link on this page is an affiliate link. Under our methodology we only apply to a programme after an Expert Advisor has passed.
Risk warning. Trading foreign exchange and gold on margin carries a high level of risk and you can lose more than you expect. An Expert Advisor removes the delay between a signal and a trade; it does not remove risk. Past performance, including verified live performance, is not a reliable indicator of future results. The Robotic Trader is an independent publisher, not a regulated financial adviser, and nothing on this page is investment advice.

Frequently Asked Questions

Is Forex GOLD Investor a scam?
We do not call it a scam. The vendor runs a genuine real-money account, verified by Myfxbook, and the robot trades with a stop loss on every position. What we found is that the marketing overstates the evidence: the three accounts the sales page presents as "FULLY Verified" live performance are demo accounts, and the real account has fallen 46.67% from its peak against a marketed maximum drawdown of 4.37%.
Why is Forex GOLD Investor Not Recommended?
Because the only real-money account reached a 46.67% drawdown and had not recovered by 1 October 2026; because its profit depends on one month, January 2026, with the rest of the record losing $791; because the "live" results on the sales page are demo accounts; and because it failed our FTMO test on the trades after its latest re-optimisation. Our methodology treats a drawdown materially larger than the marketing implies as an automatic fail.
Are the live results on the Forex GOLD Investor sales page real?
They are real Myfxbook accounts, but they are demo accounts, trading simulated money. All three accounts shown under "Live Performance on a FULLY Verified Myfxbook Account" are demos. The vendor's one real-money account, Forex GOLD Investor REAL, is on its Myfxbook profile but not on the sales page.
What is Forex GOLD Investor's real drawdown?
On the real-money account, 46.67%: the balance fell from $3,023.23 on 2 March 2026 to $1,612.39 on 31 August 2026, and was $1,736.96 on 1 October. The sales page quotes 4.37%, from a 22-year backtest. Every one of the vendor's six Myfxbook accounts shows a maximum drawdown of 34.87% or more.
Can Forex GOLD Investor pass an FTMO challenge?
Not on our test. On FTMO's own data with the default settings, it reached the 10% target and broke no loss limit over 1 January 2025 to 1 October 2026, but all of that profit came before version 2.4 was re-optimised on 16 June 2026. On the 403 trades after it, the account lost £42.23, so under our method it fails. We found nothing supporting the sales page's "$200,000 PROP FIRM Challenge PASSED".
Does Forex GOLD Investor use martingale or a grid?
Not on its default settings: the recovery mode is off and the lot multiplier is 1.0. The real account traded 0.01 to 0.04 lots with at most three trades open at once. Its risk comes from its payoff instead: it wins about seven trades in ten, but its average loss is more than twice its average win.
Does Forex GOLD Investor work with US brokers?
Not as run. The real account held a buy and a sell at the same time on 46 occasions, which the FIFO and no-hedging rules at US brokers do not allow. The developer provides NFA and No_Hedge settings; we have not tested them.
What does Forex GOLD Investor cost?
$267, against a regular price of $547, on both the vendor's site and MQL5, as read on 1 and 2 October 2026. The vendor's own site offers a 30-day unconditional money-back guarantee, and MQL5 has a free demo that runs in the Strategy Tester.
Could Forex GOLD Investor be recommended later?
Yes, on new evidence. The conditions are in the disclosures above: a verified real-money account on the current version reaching 24 months with a drawdown consistent with what the marketing claims, and the sales page labelling its demo accounts as demos and showing the real one.
Review Our Complete Testing Methodology

Discover More EAs

Explore our directory of independently verified trading algorithms. Every system is assessed against the same published standards, and most of them do not pass. For another review where the marketed results could not be relied on, see our GPS Forex Robot review; to see how our prop firm tests have gone so far, read Best EA for a Prop Firm Challenge.

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Risk Warning & Affiliate Disclosure: Trading foreign exchange and CFDs on margin carries a high level of risk and may not be suitable for all investors. Past performance, including verified live performance, is not a guarantee of future results. The Robotic Trader may receive compensation from partner brokers, VPS providers and software developers through affiliate links, at no extra cost to you. This supports our research and does not constitute personal financial advice. Commercial relationships never affect our verdicts, and we disclose where we hold accounts ourselves. Always trade with money you can afford to lose.

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