Anyone use Goldem Mammoth before?

[iizu001]

Hi there,

I came across an EA name Golden Mammoth which performing quite awesome on XAUUSD.
Do test it on Demo. It came along with 2 set files. Using M5.

using martigale strategy

 

[Jacek1977]

Good robot but be careful with Martingale set no higher than 1.2.

 

[joei007]

it is older name of golden elephant.

i upload newer ea golden elephant v9.
please try.

 

[iizu001]

Good robot but be careful with Martingale set no higher than 1.2.

it did burn my account when super trending with max 10 layers ... so sad ...

 

[iizu001]

it is older name of golden elephant.

i upload newer ea golden elephant v9.
please try.

Thanks a lot. is there anything that i need to care about? if USD1,000 account can use what lot size ?
any setting that i need to pay attention?

Big thanks to you

 

[joei007]

Thanks a lot. is there anything that i need to care about? if USD1,000 account can use what lot size ?
any setting that i need to pay attention?

Big thanks to you

Many ea can burn your account, this one too.

If you use conservative settings, it is safer with samll profit, but when ea trade wrong direction you may get very big drawdown and very long time (may be a month) to get back. I didn't recommend this ea to anyone.

 

[iizu001]

Many ea can burn your account, this one too.

If you use conservative settings, it is safer with samll profit, but when ea trade wrong direction you may get very big drawdown and very long time (may be a month) to get back. I didn't recommend this ea to anyone.

alright, well take note. thanks for the advice.

 

[Frika]

Stay away from martingale technique. I never sae anyone who was succesful on long term with grid or martingale systems.

 

[J3nk4r]

Stay away from martingale technique. I never sae anyone who was succesful on long term with grid or martingale systems.

Really is it dangerous???