Gold Pecker Reviews 70

I was a bit skeptical about buying anyhting on April Fool's Day, but the Gold Pep promo caught my eye. Best decision I've made-recouped the purchase price in two to three weeks flat. This tool's no fool's gold, it's the real deal!

The performance of this bot is nothing short of remarkable. with an initial capital of $23,000, it generated a profit of $1,700 in just one month. Truly extraordinary results!

I would have given 7 stars to them prior to October 2023. Very consistently delivering profit. but since recent political struggles, i blew 2 accounts. One in october which i to some extent understood and i had made money before. Waited few months. blew another account 3 days after restarting. Same lame excuses but the reality is that the EA doesnt work. Simple martingale which requires veryyyyy high equity (i blew a 12'000 $ accound today with initial lot size 0,01).

Stuck trade when trend getting changed ..... 8 k account now it's become 5k jus bec trades keep opening so I had to close all in lose to save my equity .... Profit of daily basis if trend in your way like 50 to 70 and lose and drawdown limit is 2k almost so ... I m going to stop this EA forever ... . Done losing in this way ....meanwhile they made private there all servers on myfxbook

I strongly advise against purchasing this EA for several reasons:
1) The customer service is scandalous both in terms of timing and quality of support, after all when you ask them a technical question they can't answer you. They always trick you by saying: "use what you are willing to lose, put protection, etc.."
2) I tried different timeframes, with and without martingale but nothing, as I understand the EA moves like a grid and as soon as the counterpart starts you're screwed!
3) The minimum capital they recommend is: $1500-4000 but it is absolutely false because with 0.01 I lost a $20,000 account
4) Myfxbooks have disappeared since there were 5 accounts now there is 1 left with m30 and stop.
I advise you to look elsewhere and certainly acceptable tests on a good broker like ic markets or fp markets, the rest for me is all fake.

Here is the update! Sadly, really bad.

I really really wanted this EA to work and gave it a chance. It’s been 5 trading days since the last review and I had gained about 50$ but today I woke up to a margin call.

The EA did it again… I lost my WHOLE account. 2K + the 350 Fee for the lifetime account gone. I only used their recommended settings and now they going to say “market condition”, but this EA has a very very bad DD and just uses basic martingale and has NO SL. Martingale is very risky and this EA handles it very poorly so it makes much more risky.

I tried their 1 Min scalping on a demo account. Results? Same, that account lost it all.

Maybe the “30 min Swing” is good. Got no idea. No money left to try on…

Wouldn’t recommend this even to my worst enemy.

I know the risk with forex and know that I could loose my that money so I’m not that sad for it. It’s just that I hope someone doesn’t get their hopes up like I did and reads this and doesn’t buy this. Use your money for educating yourself on trading instead of this.

Original:

I’ll update this as we go, but right now it’s very awful. DO NOT USE Martingale, it blew my account almost!

Here is my story:

I had a 14 day trial where everything went ok and then earned back the money I bought it with.

A couple of weeks later I decided to buy the lifetime access with their April discount. The customer service is great, they answer the same day and give you help. I got a 2K account and used the 5M mid strategy that they recommended and used their recommended settings. 3 days in I was gaining a small profit, but 4th day comes and I lose 50% of my account in the same day. I had an equity protection of 50% in case but never thought it would hit. Now I’ve lost 1K because of this.

I’m still using this EA to give it more time and because I have no idea what to do and 1 week in I’ve got back 52$. Nothing compared to the 1K lost but progress.

They say it has a the lowest DD of 25% but mine just went to 50% in 4 days of use.

I’ll update my review as I go and I’ll still be using this so let’s see.

For six months, I consistently closed positions in profit. However, on Monday, the expert advisor wiped out all the funds in all my accounts. The Martingale strategy tends to show good results for a while, but eventually wipes out all your money. Also, the GoldPecker Myfxbook M5 account, which was accessible since August 2022, has disappeared. Be very cautious because it's only a matter of time before your balance reaches zero.

Some potential but high risk, particularly with big swings in gold and the use of the martingale system. Full disclosure I am a lifetime license owner.

I had £2,500 ($3,107)in my account which was more than the recommended amount for the m5 scalping system.

First week 15th - 19th April 2024 I made around £60 GBP profit. However, the EA opened a buy trade just before the market closed on Friday night and it was running at a small loss.

When the markets opened Sunday Evening/Monday morning , the price of gold dropped significantly ($100+) unfortunately the EA continued opening buy trades all night as part of its martingale system trying to recover the loss, by the time I woke up on Monday morning my five or six trades where running at -£1600 and wasn't long before I was margin called and stopped out. The EA does have equity protection to protect against losing your full account with the default at 20%, but I hadn't engaged it as the custom set I loaded turned it off, so my account was effectively blown.

**It is concerning that the myfxbook page data for M1/M5 has been removed. **

I am giving this one last try on a cent account, but for a real account, I would suspect you would need to have 10k+ to be completely safe against the draw-down/martingale system when M5/M1 scalping.

I think the developers need to improve a few things, eg the news filter. It won't open new trades around the news, but if you already have open trades or the system is in martingale mode and the market is going in the opposite direction from your open trades then you can potentially be at real risk of ruin.

The algorithm works well (when you can get the company to actually authorise your purchase).

The customer service is however the worst I’ve experienced from all of the EA providers I have used previous and currently.

They take hours to respond and when they do it’s usually a message saying no one is available.

The returns are good, when it works, but the risk is increased 10x by slow to react customer services. If you want peace of mind when it comes to your money I would look elsewhere, your money isn’t safe here.

I lost all my money and my account has been wiped out due to an issue I was having and no one responded until it was too late. So if you’re not comfortable losing all your money there are better options.

I note the response which is a cop out and seems to be trying to play it down, or make out I’m not a customer, I have all the evidence and am not willing to provide it to prospective buyers. I lost all the money on my account in 2 weeks, mostly due to the lack of response and support. This EA is way too risky. There are better EA’s out there where they actually care about you and your money, and it will get you actual returns without this level of risk.

It’s ironic that I am being told about equity protection when shortly after I posted this, GoldPecker has been removed from myfxbook to cover up the fact that all their accounts made a total loss.

Update:
Finally as you can read in the answer of the responsibles of the EA we found the issue and solve it by using a vps. It was really tricky to found out that the windows version could be the problem. Although it is the laptop of my work.

So at the end i am happy and they helped me until we found a solution. Thanks for the update of the license.

since Thursday, 18.04 i am trying to get the EA to work. I send many many screenshots to the customer support... everytime another question if had this or that ... and then i should send another screenshot on and on and on... today is Monday... i paid for the EA and could not use it since Thursday ... A collegue of me has the exakt same broker, the exakt same demo account, the exact same settings except the license id ... and on his terminal it works..sometimes i get the error "license not registered" sometimes not... so i think there must be an error with the file and or my license... but i get answers like "maybe there was a bad connection..." and so on... i asked the broker to be safe and got the answer that everything is prepared and activated for an EA .... dont recommend that. ... and that the support cannot fix it after 5!!! days ... dont recommend that EA and customer support!!

Exellent EA i buy this algo and started on cent account and in just 14 days it grows double in size with this EA and happy after use of it.

I have been using them for almost a year. Monthly profit averages 10 to 20%, depending on the market and M5 setting. I'm satisfied with this result.

Been using this program for around 4 months consistently achieving great results for Feb alone on there 5m setting over £400 profit

Thank you team

This Gold EA trading software has revolutionized my forex trading experience with its user-friendly platform and exceptional customer support. The efficiency and reliability of their system, coupled with the swift and knowledgeable assistance from their team, have significantly contributed to my trading success. Highly recommended for any serious trader!

This is just an update that I received communication from the seller immediately after 3 days. I missed their posted message that they were away. But as a suggestion, there still has to be support, or someone answers the messages even if you are away.

Thank you

I ordered the free trial 3 days ago and I did not or never got the license id to work. I have been trying to reach support for the past 3 days and zero answer. I think this is a scam... just took my money and never replied. I asked for refund if I did not get my money I will dispute the charges. Be careful

The EA works... turned 5k usd into 13k in one week... definitely worth a try.

Let me 1st by starting with my settings
I'm on a 25k funded account with consistency rules so I use conservative lot sizes.

Lot: 0.05
Max lot: 0.05
Distance between trades 30 pips
Maximum trades I had at 3 but now kept it at 9
Mode: 5min scalping
Trend Following: ON
TAKE Profit: 100
Trailing start: 25-35
Trailing step: 5-10
Martingale Multiplier: 1 I feel turning this off is very important so there it's not taking unnecessary trades to try and break even or make slight profit
Equity protection: 2%
New filter on
Hedging off

Only con I have is there really is not a stop loss in place so you will be in major drawdown at times, the most amount of drawdown I've been in was about 1%. Instead of closing the trade and finding a better entry. The EA will keep the 1st trade that's in drawdown open and than open another trade at a better price entry SO you need to use a lot size that's reasonable and will be able to withstand 1-2% of drawdown. So far win rate around 70% made about $550 in 3 weeks

Seems to be working well on the M5 timeframe. Made 10% in the last 4 trading days. Drawdown at one point was upto 20% of my account. Telegram support helpful. I was skeptical at first by the equity curve in the site but it seems genuine maybe early days but I got a good feeling about GoldPecker. I would definitely recommend looking at their guide and choosing the mode that is most appropriate to your equity and risk appetite.

Thought I would Try this EA over my current one.
Glad I only did a 2 week trail as it was consistent in loosing!
Lost around £1000 per account in a few days, had it set up to stop trading around the news etc but still traded the news.
There are far better EA’s out there

Full of bugs. News filter not working and support won’t do anything about it. Stay away.

2nd update: I finally seem to have found the right settings for me and my account. Have been making decent passive income for months now.

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POST VERY BAD EXPERIENCE UPDATE: I continued to use this bot because I still had some time left on my temporary licence and honestly after losing most of my funds, didn't really care about losing what's left and surprisingly it has made some decent profit since then. I almost recovered what I had initially lost so I suppose I will continue using it for a little bit more to see what happens.

When you use this bot make sure that you use the recommended setting for the size of your account and don't go all in with turbo scalping or smth or before you know it, all your money will evaporate. Based on my experience m5 setting seems to be the best one in terms of profit/risk ratio. Make sure that trending and news filter are on and consider putting an equity protection (even though that means you lose your change of martingaling your losses)

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(Original Comment) By far the worst gold ea out there. Got all my funds liquidated in 1 day with the lowest risk setting. The bot doesn't have a proper strategy, just opens a random buy or sell order and keeps martingaling until you profit or get liquidated. When you complain to their telegram support, they blame it all on the political conflicts around the world. Absolute scam.