Golden Mammoth EA is an automated forex robot usually being sold for 499$. The intelligent algorithm of This Free forex EA accurately determines the trend for the XAUUSD (Gold) trading pair, filters out market noise, and generates entry and exit signals.
The Expert Advisor has aggressive management and trading methods, which allows you to get big profits in a short period of time. The Expert Advisor cannot be tested on history due to the complex algorithm of actions for calculating volumes.
Please test in a demo account first for at least a week. Also, Make yourself familiar and understand how the free forex Robot works, then only use it in a real account.
Recommendations
- Work best on EURUSD, GBPUSD, XAUUSD (Work on any pair)
- Work best on M5 and M15 (Work on any time frame)
- Minimum standard account balance of 1000$ or equivalent cent account.
- For best performance this free forex EA should be online 24 hours, Recommend using a VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)
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EA Money Management:
- Divide the available capital into 4 parts and invest 1/4 of them into the account.
- Keep 3/4 of your reserve funds in your personal account.
- Withdraw profits every Friday after all transactions are completed.
- After each withdrawal, divide all the capital you have (reserve funds + active funds + withdrawn funds) into 4 parts and start over from 1/4.
- When the loss of the deposit occurs (happens at some point), do not panic, divide the rest of the capital (reserve funds + trading funds) into 4 parts, and start again from 1/4.
- Repeat this process, and you will be profitable.
- Read More Sam TrendBlaster Non Repaint Indicator
I managed to backtest the XAUUSD m5 with one of the .set files and my opinion about this robot is: in GOLD it is impressive and too risky for m5 (high DD >90%). It has a martingale multiplication factor (1.5) which I doubt works ok on small accounts. I’ll leave it running here on the demo account with a balance of 10k to better evaluate. It makes the account grow very fast because of the martingale (perhaps that’s why it has the name ‘Mammoth). My conclusion: I doubt that 1k is the appropriate minimum balance for this EA. I bet on 20k. Good luck!
THANK YOU FOR EVALUATING THIS EA FOR EVERYONE!
Hopefully they can come up with an EA that is LOW RISK and yet steadily profitable. Seems like all the developers are infatuated with massive growth, never mind HUGE drawdowns that blow the account up.
Personally, I prefer a swing trader or a breakout trader, that combines steady profits with low drawdowns. But I’m looking to make money with it, not just stroke myself.
Thanks for the info will test it
Thanks for the quick review and comment. Will that better to use GBPUSD instead ? since Gold is really flucturated.
Will also try this in my demo account and see. Cheers!
martingale inside. I don’t think $1000 is enough to cover extreme trend
I have pass the FTMO trial with this EA in 5 days !
Hi. Can you please share details on EA set-up, pairs, timeframes? I appreciate it
there is a set inside the zip file . I am testing using real account for this ea on GU.. so far so good… ( note : you must find the correct setting )
What are the correct setting you are using?
Rodrigo, test this EA on the EU, GU and XU. So far the EU and XU made fantastic trades on M15. Overnight, the XU made 389.1 pips and 61.8 pips on the EU. The GU trades are still running negative at the moment.
WHAT THE SETTING
Was able to backtest, very impressive, as long as you know how to handle the MM portion this EA has merit. Thanks, admin for all your hard work.
I second that, admin!
WOW !! So far, so great both demo and live. I changed settings to 0.01 for multiplier and 2 for max trades. I hope those changes will still work well in the long run.
can some show there Input settings
Dear Admin, i use them for trading with GBPUSD (M15) with preset.
On the demo (balance amount 1000) the lotsizes is 0,13 but when i turn it to a higher amount the lotsizes is the same. On real account also same problem.
The lotsizes there is 1.03 and i can not change it with the amount. It gives no effect.
Can you fixed this problem please for us.
Thanks a lot!
im very impressive with this EA
Thanks a lot , God Bless You Brother
I tested this EA in different history of data in XAUUSD, no luck, don’t bother wasting your time with this EA, took me a lot of time to download the history data of the pair
Make sure that your modeling quality is at least 90% and that there are no mismatched chart errors.
I ask the administrator to share a MQL4 file so that I can develop it independently. Thank you very much. If you see it, can you send me a copy of the MQL4 source file by email? Thank you so much.
it stoped working after three times on demo testing why? scammer?
I managed to backtest the XAUUSD m5 with one of the .set files and my opinion about this robot is: in UERUSD timeframe 5 is very very good and account with a balance of 20k . It makes the account real how about indicatros n librarys Good luck!
this ea looks good if you make the multiplier 1.0, averaging will work good. the key to the success of this ea is to turn it off a few hours before a big news comes out
can u pls update the ea