Is Promax Gold EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Promax Gold EA
Promax Gold EA is a forex robot available on MyEaAcademy website. The EA has a purchased price of $198.
According to the vendor, the system uses money management to calculate Lot Sizes and , smart news filter that analyzes technical and fundamental news.
Promax Gold EA claims to give advantage in the financial market with its expert strategy. Here, the system offers forex trader package includes one real and one demo license, free updates and 20% to 48% Monthly profit.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Promax Gold EA Trading Strategy
Promax Gold EA uses Grid of order strategy.
Also, the system operates on MT4 with XAUUSD pair.
As for the time frame, it is recommended M5.
Promax Gold EA Trading Results
According to the USD Real account of Promax Gold EA on Myfxbook, the account traded on a deposit of $100,000 with an average monthly gain of 16.11% and drawdown of 4.11%.
Also, the account closed 131 trades with an average win of 167.85 pips and an average loss of -254.09 pips.
Conclusion: Is Promax Gold EA a Reliable Forex Robot?
Promax Gold EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
The lack of details on important insights is a turn off. Forex robot like this one should provide enough information for traders to have some level of trust.
No back test result, lack of verified customer feedback, unrevealed developer and a short time of refund(14 days) are cons.
For now, we will not recommend this system for trading.
Kindly share your comment about this broker in the comment section.
