Moneypileea.com Review: Money Pile forex robot is an expert advisor, it was created to assist and guide traders navigate the perilous journey of trading. The name of the team behind the creation of this Money Pile EA was not disclosed. Is buying MoneyPile EA worth it? Read through our review to see what experts have to say about the Forex trading software
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on. It even automatically 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’s 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 geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
MoneyPile EA Review
This was created by Matar Saad. The address reveals that he is located at Shop No. 571/152 Shop No. 571/152, Salalah, Dhofar, Oman. We are not sure of his experience and expertise as this was his only creation we could find.
How Money Pile EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. For the trade results we hold results that are 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: AUD/USD, EUR/AUD, CAD/JPY, EUR/CAD, EUR/CHF, EUR/USD, EUR/GBP, GBP/CAD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY
Money Pile doesn’t provide an in-depth explanation or insight how their strategy works. The sales page claims that the EA works on a multi-timeframe analysis formula” that uses advanced algorithmic math equations to trade currencies.
Money Pile Robot Price
$899-$9999
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used this EA before, at least not enough to form a conclusive decision.
They are different EAs and signal services, one that has come close to impressing is Davinci Fx
Conclusion
After going through all aspects of this EA, they do not satisfy us with gaps between what it promises and what they deliver, especially when considering the price range.
This EA is on the expensive side, and as such we won’t be recommending the use today as we aren’t sure of its efficiency.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
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Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
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Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
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