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Double Power Gold Expert Advisor Review

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DoublePowerGold is an expert advisor that can be found within the MQL5 marketplace, it was created by Konstantin Toporkin and uploaded to the marketplace on the 6th of October 2017, it was uploaded as version 1.1. And has not received any further updates.

Overview

DoublePowerGold is an expert advisor that was created for the MetaTrader 4 trading platform, its main purpose is to work as a fully automated trading system for the XAUUSD assets on the H1 timeframe. There is no additional information on how it trades or its main functions which is not a great sign and not very transparent.

The main advantages of the EA:

  • The EA does not use such systems as Martin, hedging, etc.
  • Good testing results with 99.9% of simulation quality.
  • Need only to set lot size or risk and Magic number.

There are a few settings available for you to alter, these include whether it should only close positions, what risk to take, lot sizes, and magic numbers.

Service Cost

The expert advisor will currently cost you $30 to purchase with no limitations apart from a maximum of 10 activations. There is also the option to rent the expert advisor, this can be done monthly and will cost you $10 per month. A free demo version is available, but no information is posted on the site, this normally means that it can only be sued with the strategy tester within the MetaTrader 4 platform.

Conclusion

At the time of writing, there were no user reviews or ratings available, so we do not know whether the users are finding it useful or profitable. There are a couple of comments that the developer has replied to, but the last comment was back in 2017 so there aren’t any recent ones. Due to the length of time, it is hard for users to know whether it is still being actively supported, we would suggest sending your questions and queries to the developer to make sure that it is still being supported before making a purchase or rental. It will also give you a chance to find out exactly what the EA does.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/25674

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