Is Silent Master 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 Silent Master EA
Silent Master EA is a forex robot available on MQL5 website. The developer of the system is Evgeniy Machok from Russia. It is an automatic trading robot that opens and closes orders.
According to the vendor, the product can be purchased at the rate of $149.
Silent Master EA claims to give advantage in the financial market with its expert strategy. Here, “the system uses SL and DD limits for each trade”.
Silent Master EA: Reasons to Avoid this Expert Advisor
Firstly, Silent Master EA is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are no customer reviews on MQL5 where the product is sold other than the vendor’s views.
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
Silent Master EA Trading Strategy
Silent Master EA claims to use neither martingale, grid, nor arbitrage. Meanwhile, the vendor does not discuss what strategy.
Also, the system recommends EURUSD currency pairs. As for timeframe, M5.
Silent Master EA Trading Results
The vendor provided us with a back testing result which traded from January 2018 to June 2021. The result showed a deposit of $100 with a profit factor value was 6.32 and the profitability was 94.22%. The trade operated under a risky approach with a draw- down high as 19.99%.
Also, a real trading results of Silent Master EA on Myfxbook, the daily profit was 0.05% and a monthly profit of 1.52%. The drawdown for the account is 37.76%. From what we have seen from both results, the system is traded on a risky approach which does not worth the risk.
Conclusion: Is Silent Master EA a Reliable Forex Robot?
Silent Master EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
