Drive Gold is an Expert Advisor that doesn't trade a common currency pair, but gold.
The EA starts trading with opening one long and one short position, and then further positions are added in the direction of the prevailing trend whenever a certain price movement occurs. Once the basket of all open positions has reached a predetermined profit, all positions will be closed, and a new trading cycle will be started.
The strategy is based on the assumption that the gold price is usually following a trend. In market situations when the gold price is moving within a slowly increasing range long and short positions will be spread almost evenly, thus preventing the basket from closing. It might take several weeks or even months until the formation of a new trend allows the basket to be finally closed.
The spread stability is more important for a positive performance of Drive Gold than the height of the spread itself. It should also be noted, that the swap fees incurring during the daily rollover can have a substantial impact on the performance of larger baskets. To compensate this effect, brokers like Tallinex, which don't charge swap fees on gold, should be considered.
00:00 - 24:00 GMT
Standard licence USD 495 | Single licence USD 245.
Payment through Avangate.
Voucher for a 15% discount: B6EA010E3A
The developers grant a right to return within 30 days of purchase provided the EA has been used for at least 20 days and generated a loss during this period. An account statement or a similar proof has to be submitted to the developers as a proof. The refund will be paid back through Avangate.
The licence is valid for one or three live accounts and the same number of demo accounts, it includes support and upgrades. Account numbers have to be registered by email with support to activate trading.
A 12-pages manual explains the installation and set up of Drive Gold, the input parameters and their impact.
The performance of Drive Gold is demonstrated, as follows, on an exclusive FinFX live account as well as on a live account of the developers.
Drive Gold backtests for the period 2009 - 2014 are shown below. The severe fluctuations are shown by the MetaTrader 4 Strategy Tester because the positions of the basket are closed in sequence - in reality this would happen almost simultaneously within just a few seconds.
The settings used for the backtest differ from the default settings, but match those used on the above shown demo account. As per request a second backtest using default settings for an account balance of USD 2,500 has been added.
XAU/USD, spread: 50 pips, lots: 0.10
XAU/USD, spread: 50 pips, lots: 0.01
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