Every EA seller shows you the same thing: a green equity curve and a big gain number. Screenshots take minutes to fake. That's why third-party verification platforms like Myfxbook exist — they read trades directly from the broker account, so losers can't be deleted after the fact.
But even a genuine Myfxbook page can be presented misleadingly. Here's the 5-minute checklist I use before trusting any record.
Start with the two badges, not the gain number
At the top of every Myfxbook account page are two verification marks:
- Track Record Verified — the full history is imported straight from the broker. Nothing deleted, nothing hand-edited.
- Trading Privileges Verified — the page owner actually controls the account, rather than showcasing someone else's results.
Either badge missing = the rest of the page proves nothing. This is the first hover-check, and most people never do it.
The 5-minute checklist
- Badges: both green? If not, stop here.
- Account type: Myfxbook labels the account Real or Demo near the top. Demo results ignore slippage and real spreads — interesting, not proof.
- Age: 6 months minimum, 12+ preferred. A 6-week rocket is a coin-flip streak, not an edge.
- Equity vs balance: if equity sits well below balance, losing positions are floating open right now. That gap is hidden risk.
- Open trades visible? If the "Open Trades" tab is private, assume there's something in it the seller doesn't want seen.
- Deposits & withdrawals: a "growing" balance that grows on deposit days isn't profit — it's funding.
- Drawdown chart: look at the deepest valley, not the peaks. Would you have kept the robot running at that point?
Which numbers actually matter
Notice that total gain % isn't on this list — it's the most advertised and least informative number, because it says nothing about the risk taken to get it.
| Metric | What to look for |
|---|---|
| Max equity drawdown | The honest risk number — includes floating losses |
| Monthly consistency | Steady small months beat one monster month plus noise |
| Profit factor | ~1.3+ sustained on a long record is respectable; 3+ on a short one usually means luck |
| Avg win vs avg loss | Tiny wins + huge rare losses = grid/martingale fingerprint |
| Lot sizes over time | Sudden jumps after losses = revenge sizing |
7 tricks sellers use
- Demo dressed as real — the curve is genuine, on an account where spreads and slippage don't exist.
- Unverified badges — the page exists, the numbers are self-reported.
- Survivorship picking — run 10 aggressive accounts, blow up 9 quietly, market the lucky one. Long records make this trick expensive.
- Hidden open trades — clean closed-trade stats while a −40% floating loss sits in a private tab.
- Deposits masked as growth.
- Custom date ranges — linking you straight to the best 3 months of an ugly history.
- Backtest screenshots next to the Myfxbook logo — implying verification without having any.
None of these require hacking anything. They only require you not to look closely.
The bottom line
Read a Myfxbook page backwards: badges first, account type, open trades, deposits, then equity drawdown — and only then the returns. Five minutes of checking filters out nearly every bad robot before it touches your money.
And hold every vendor to the same standard — including the ones you like.
Originally published at xauusdrobot.com, where the full guide covers reading drawdown and backtests in more depth. Educational content, not financial advice — trading gold carries substantial risk of loss.
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