Gold Veritas MT5

[TopicStarter]

Introduction​

Welcome to the analytical review of the Gold Veritas MT5 trading robot. As always, let’s maintain a healthy skepticism about any claims. The feedback we have accumulated paints a rather ambiguous picture of this product.

Function Description​

Gold Veritas MT5 claims to offer several key features that are particularly appealing to traders:

• Automated trading with no need for constant supervision.
• Strategy based on technical indicators to decide entry and exit points.
• Compatibility with various brokers, specifically ICMarkets mentioned by some users.

While these functions sound impressive, we know that automation doesn't guarantee profits. Let's see how it performs.

Results Analysis​

The user ratings vary significantly. With an overall rating of 3.19, it’s clear that opinions are divided.

- User mandaro gives a stellar rating of 5, praising the results on their account with ICMarkets.
- On the other hand, zhangdang123 offers a stark contrast with a rating of 1, accusing it of incurring losses rather than profits.
- Then there's grandrock, also at a 5-star rating, claiming outstanding results on their account.

This mixed feedback suggests that results might heavily depend on individual trading conditions or perhaps the broker used. Without concrete statistical backing, such claims can easily be chalked up to selective reporting.

Pros and Cons​

Like any trading robot, Gold Veritas MT5 has its strengths and weaknesses:

Pros:

• Automation could save time for traders who prefer a hands-off approach.
• Some users report satisfactory results, suggesting potential effectiveness under the right conditions.

Cons:

• Mixed user reviews indicate inconsistency in performance.
• The risk of losses highlighted by skeptical users calls for caution.
• No transparent access to the underlying algorithm makes independent verification difficult.

Gold Veritas MT5 Source Code​

Let’s get real. The actual source code of the Gold Veritas MT5 robot, which is sold on MQL5, remains a mystery to us. However, we can develop a code based on the descriptions available on the MQL5 website. It's worth noting that our team, the EASY Trading Team, does not sell the Gold Veritas MT5 robot. We've merely created a sample code inspired by its description.

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Download Gold Veritas MT5 and Share Your Experience​

If you have any questions or need clarification on the code we’ve created, feel free to ask. Just remember that this is a code from easytradingforum.com, based on the description of the robot sold on MQL5. We invite users to discuss this robot on the forum and share their results to foster a collaborative understanding of its effectiveness.

In trading, it’s always helpful to gather as much information as possible, especially when it comes to automated systems like Gold Veritas MT5. Don’t hesitate to provide your insights, after all, collective wisdom can sometimes lead to better trading decisions.

 

[QuantumTrader]

I recently acquired the Gold Veritas EA and I'm curious about its optimal trading timeframe. Additionally, can it handle multiple instruments simultaneously, or is it designed to execute trades exclusively on separate charts for each of its coded pairs? For instance, can I rely on it to generate trades from a single XAUUSD chart?