Introduction
Welcome to another review from EASY Trading Team. Today, we'll take a look at the capabilities of the trading robot Gold Veritas MT4. Considering user feedback and the robot's last year's performance, we'll analyze its effectiveness and determine if it lives up to the hype.Description of Functions
Gold Veritas MT4 is designed primarily for trading on the XAU/USD (Gold) pair. According to its creators, the robot does not rely on risky strategies like martingale or averaging orders, which makes it sound safe at first glance. The robot includes features such as:- Automatic risk management
- Trailing stop-loss
- Dynamic lot sizing based on account balance
- Compatibility with both MT4 and MT5 platforms
Analysis of the Results
Based on user feedback and performance data, the robot has yielded mixed results. For instance:- Eugenia Tonkikh: Positive experience with consistent returns, finds the robot stable across MT4 and MT5 platforms.
- Alessio Bizzarri: Faced catastrophic losses due to gaps in the market, indicating that the robot failed to manage the risks effectively.
- Stanislav Gordiienko: Considers the robot more dangerous than martingale-based systems when facing market gaps, and accuses the author of providing misleading recommendations about 'safe' money management.
Pros and Cons
Let's dissect the strong and weak points of the Gold Veritas MT4.Pros:
- Compatibility with MT4 and MT5
- Automatic risk management features
- No use of martingale or averaging orders
Cons:
- Inadequate gap risk management
- Mixed user experiences leading to severe account losses
- Misleading claims about safety and risk management
Conclusion
While Gold Veritas MT4 promises robust trading without risky strategies, its performance can be highly inconsistent, particularly in volatile market conditions. If you decide to use this robot, thorough backtesting and risk management are crucial.Source Code of Gold Veritas MT4
The original source code of Gold Veritas MT4 is not publicly available. However, our team at EASY Trading Team can develop a robot based on its description from the MQL5 marketplace. If you have any questions regarding the code, feel free to post them on our forum. Remember, we are not selling the original Gold Veritas MT4, but offering a version based on its described algorithm.
Code:
You don't have permission to view the code content. Log in or register now.