One ordinary week in gold was enough to wipe out accounts

Between October 7 and 9, nine buyers of Quantum Queen X reported on the product page that the EA wiped out their account or came close. The accounts they named ranged from 700 EUR to 4,500 USD. As of October 10, one of these reviews shows neither text nor stars, and one more critical review is no longer on the page. An ordinary market was enough for these losses: from the last closed trade on the vendor's signal on September 30 to the day's low on October 7, gold fell 110 USD. Across a whole week, that is only slightly more than gold moves on an average day (about 98 USD).

For a grid that keeps adding without a loss limit, an ordinary week is enough. Our analysis shows how this EA trades: it adds to the position as price runs against it, with growing lot sizes, and held up to 16 positions at once. On the vendor's own signal, open losses stood at 1,346.92 USD against a balance of 2,652.89 USD on October 7, half the account. On October 8 the vendor switched the signal off. The EA is still on sale at 1,199.99 USD, and the product page says the price will soon go to 1,999 USD.