MGPro Robot Review: MG Pro EA is a software provided by SinryAdvice(SinryAdvice.com), a company that has only been in existence for approximately seven months. EAs are created to assist and guide traders navigate the perilous journey of trading. Join in this review as we answer questions such as Is MGPro EA Legit? Is MG Pro EA good? Basically we aim to check if buying from this EA provider is worth it?
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on. It even starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it is mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are just out to deceive and steal your funds. Considering what they offer and proofs are effective means of discovering fraud and reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
MG Pro EA Review
This EA was produced by SinryAdvice. SinryAdvice launched March 13th, 2020 and they already have team 5 expert advisors and 2 indicators, all available for sale. We cannot say how affective these products are.
The team behind SinryAdvice is not disclosed, either is their location
How MG Pro EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. We hold Trade results posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works on multiple currency pairs: AUDCAD, CADCHF, EURUSD, NZDCAD, USDCAD
Timeframe: M5
Sinryadvice doesn’t provide an in-depth explanation or insight how their strategy works. The Sales page reveals that MG Pro Expert Advisor uses “inner smart indicators which analyse the market in many aspect and place trades.” Apparently these indicators in conjunction with their strategy ensures that the software handles more data than a human can, without any sentiment affecting their decision.
MG Pro EA Price
$288
Client Feedback
Customer feedback is a vital instrument for us to offer a quantitative review and analysis of an EA. We mostly consider feedbacks on third-party sites, as the EA team can concoct or pay for manipulated reviews on the official page.
We could not find many reviews by customers who had used this EA before, at least not enough to form a conclusive decision.
Conclusion
After going through all aspects of this EA provider, we concluded that it has only done the barest minimum in convincing us that any of their robots are good. This might be because they are new.
At the time of this writing, they do not satisfy us with gaps between what it promises and what it delivers. We will reserve judgment for now as we wait for a while for this EA to flesh out their presentation.
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
Is a TOTAL SCAM.. I’m writing this to warn people like me do not fall into their trap.. These people will do refund.. and the EA is just trade 1 direction without SL. if the market go against you then you will blown ur acc..
So be careful of this scammer guys. I have all the email for evidence..