The Forex market sees the rise of new trading solutions every now and then. One of the latest trading tools is Forex MG Pro EA developed by Snryadvice.com. Despite MG Pro EA being in the market for less than six months, Sinryadvice.com is already calling it the most profitable Forex ea.
The problem is every company says this about their product. Sadly, most of them cannot deliver on what they promise. We are worried this is the case with the MG Pro EA. The company has only been in the market for about six months, yet they have put out five expert advisors and two indicators. We do not think this is enough time to give proper attention to each product to ensure it performs well.
Moreover, the software requires close monitoring in the early stage as they may need some iterations. These are too many products in the early stage. Certainly, the developers will have a tough time keeping track of the performance of all the products. At the moment, we are just speculating. But it is something to consider when dealing with new products.
In this review, we will closely look at the Forex MG Pro EA to assess whether it is worth investing money in. We are going to see whether it belongs among the best Forex trading robots.
MG Pro EA Review
MG Pro EA is a fully automated robot that will trade the Forex market for clients. The company believes the robot has an edge because it is based on pure analysis and data. This is unlike human beings who regularly make judgments based on emotions. However, this is not unique. Every other trading robot in the market does this.
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Further, the company claims clients should expect a profit of 4% to 10% per week with an up to 74% winning rate. These numbers are moderate and easily achievable. SinryAdvice is not making false promises to investors, and for that, we applaud them.
However, the website does not tell us who is behind the operations of the company. Additionally, the company does not reveal the physical address of their headquarters. This is a cause for concern. There are many risks involved in sending your money to unidentifiable individuals on the Internet. They may decide to take off with your money. It would be impossible to track them down because they do not give a physical location.
On a good note, though, Sinryadvice.com does offer reliable customer support. To get in touch with them, you can email them at [email protected] or [email protected] Additionally, you can give the company a call on +905363316029 or chat with them on the live chat option. The company promises to respond to customer queries within 24 hours.
SinryAdvice does a good job of supporting its clients. They have provided instructions on how to install the Forex robot. Further, there is a video showing how the robot works and a section of recommended settings for the best performance. These are essential materials for novice traders and new clients.
Pricing and Features
SinryAdvice is selling the MG Pro EA at $288. The payment methods supported by the company all look secure enough to use. Furthermore, the company offers a 14 days money-back guarantee. Clients can get in touch with the company and get their money back without questions if they are dissatisfied with the robot’s performance.
The main feature of the Forex MG Pro EA is it enables you to trade forex currencies automatically. The major currency pairs the robot trades in are AUDCAD, CADCHF, EURUSD, NZDCAD, and USDCAD. Further, the robot works best under the M5 timeframe.
We did not see any unique features with this Forex robot. Every other Forex robot in the market does the same thing. We hope the company can justify the prices with a unique strategy and impressive trading results.
The developers at Sinryadvice.com believe they have created the smartest forex trading robot. They claim it uses 12 inner indicators to analyze the market, price action, trend line, etc.
Sadly, this is not much from the company. It does not give clients enough insight into the strategy. There is no mention of the market setups the robot looks out for in the decision-making process. They only say the robot opens and closes trades automatically. The question is, under what conditions?
Revealing such details helps investors assess whether a trading tool best suits their financial needs. It allows them to see whether the robot is using an aggressive or conservative strategy. Every investor has different needs. Furthermore, knowing the strategy would make the purchasing decision more comfortable. SinryAdvice is not doing itself any favor by not revealing the strategy.
The most reliable way of presenting trading results is by providing a Myfxbook account. Luckily, SinryAdvce provides a Myfxbook account to showcase the performance of MG Pro EA. The account has only been trading for a few weeks. In this short time, the account is showing a 30.8% gain and a 17.58% drawdown.
The record shows a total of 131 trades placed with an average trade length of 1 day. The risk-reward ratio is 1:1, with an average profit is 19.88 pips and an average loss of -18.81 pips.
Overall, these results look impressive. However, there are a lot of details hidden on the account. There is no sense in providing a Myfxbook account and then hiding some details from clients. For this lack of transparency, we cannot trust the company.
What Are Customers Saying About MG Pro EA?
Customer feedback is a vital tool to determine whether a product is worth investing in. These are the best people to listen to. SinryAdvice features several customer testimonials on their website. As expected, all of them are positive. The customers say the robot is working well for them and seem to be enjoying the services from SinryAdvice.
Sadly, we cannot rely on such customer reviews. A company can pay people to write positive reviews to promote their product’s image. Moreover, even genuine reviews can be cherry-picked to attract customers onto the platform.
The only customer reviews we can use is from external sources such as forums. Sadly, this is still a new product that has not had much traction yet. Therefore, at this moment, we cannot form a conclusive stand from the customer reviews.
At this moment, we cannot recommend MG Pro EA to you. While the company seems legit, there is still a lot of gaps that we cannot ignore. The company has not done enough to convince us that their product is worth our money. The developers are operating in full secrecy, which is never a good thing. This lack of transparency is inexcusable in this day and age.
Furthermore, they do not reveal the strategy the robot uses in the market. Either way, this is still a new product on the market. It is better to wait it out before investing your money in it.
We recommend that you stick with the best Forex trading robots in the market. The companies providing them operate in full secrecy and have proven to work for a long time.
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