Promax Gold EA is a robot that works with Gold and was originally designed by the Sinry Advice company. The firm is slowly but surely going to become a Forex veteran. The robot’s main statement is “Gold Trading Robot with Smart News Filter.”
Promax Gold EA Review
There are some features and details introduced to discuss:
- The advisor will work automatically for us. We need to do nothing in addition.
- The robot trades Gold on the M5 time frame.
- There’s a News Filter.
- The monthly profit can be from 20% to 48%.
- The robot calculates Lot Sizes automatically.
- The system can work on the MT4 terminal only.
- The default settings are good to go.
- There’s a real and demo license.
- The offer is a one-time payment.
- We can rely on free updates and upgrades.
- It won’t take us much time to set it up.
- We have to use the system on an EXN account.
- The minimal deposit should be $1000.
- The system can experience long-term drawdowns.
- We don’t have to trade when the robot works.
- We shouldn’t use other advisors on this account.
- Mini or Cent types of accounts are not allowed too.
- We need to use it on a VPS service.
- We may ask the vendor for a good VPS service.
- Opoforex is a recommended broker.
- The leverage should be 1:500 or higher.
Trading Strategies and Currency Pairs
- The system trades a Grid plus Martingale combo.
- We can work with XAU/USD.
- The Sinry Advice company doesn’t like to provide backtest reports. It’s a con because we don’t know how the system worked with the past tick data.
Promax Gold EA Trading Statistics
We have a real USD account on the Opoforex broker. The advisor trades automatically with 1:500 leverage on the Metatrader 4 platform. The account has a verified track record and trading privileges verified. It was created on April 25, 2021, and funded at $100,000. Since then, the absolute gain has become 22.71%. An average monthly gain is 14.78%. The maximum drawdown is 15.47%. Fifty traders track the account.
Promax Gold EA has traded 171 deals with 12,298 pips. It’s been -1000 pips since our last visit. An average win is 171.72 pips when an average loss is -397.17 pips. It trades only the Long direction with 82% of the win rate. An average trade length is almost two hours. The Profit Factor is 2.34.
The Short direction wasn’t traded at all.
The advisor executes orders during proper trading hours.
Friday and Tuesday are the most traded days.
The robot works with mediocre risks to the account balance. For losing 10% of it, the system has to lose 22 deals in a row.
The advisor uses Grid with an aggressive Martingale.
The first two months were closed with profits. June is going to be profitable too.
Pricing and Refund
- The offer is simple. We have to pay $198 for a lifetime copy. The original price of $390 has never existed.
- The offer is supported by a 14-day refund policy.
- It’s common for this company term. Yes, it’s not enough.
What Else You Should Know About Promax Gold EA
We have some testimonials published on the site. We can’t be sure they are real ones.
Sinry Advice has its own Telegram channel for posting results and marketing information.
People want the developers to create a real well-deposited account for their other robot called Red Fox.
Promax Gold EA Conclusion
Promax Gold EA is a young trading solution that works on Gold executing risky strategies like Grid with softcore Martingale. The company is solid, and the account is well funded. The offer is common. The price is fair. Alas, the refund policy is only for 14 days. So, we won’t be able to check the robot’s performance well.
- Price – 8/10
- Strategy – 6/10
- Trading Results – 6/10
- Vendor Transparency – 5/10
- Customer Reviews – 7/10
- Support – 6/10