Is Stenvall Mark III 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 Stenvall Mark III
Stenvall Mark III is a forex robot available on MQL5 website. The developer of the system is Gennady Sergienko 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 $980 but there is a rental option of 1 years at $399.
Stenvall Mark III claims to give advantage in the financial market with its expert strategy. Here, the vendor claims Stenvall is stable and will never lose its relevance because of EURUSD currency pair.
Stenvall Mark III: Reasons to Avoid this Expert Advisor
Firstly, Stenvall Mark III 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 many customer reviews on MQL5 where the product is sold of which we discover good number of customers are not satisfied with the system.
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Accounts
Free Trial
Projects
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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
Stenvall Mark III Trading Strategy
Stenvall Mark III mentions trend and countertrend strategies with no further explanation on the strategy.
Also, the system recommends EURUSD currency pairs. As for timeframe, M5.
Stenvall Mark III Trading Results
According to the real trading result of Stenvall Mark III on Myfxbook, the daily and monthly profits are 0.11% and 3.40% respectively. The drawdown for the account is 23.80%. From what we seen from the result, the system is traded on a risky approach which does not worth the risk. Added, we could not find the details of the lot sizes used for the trading as the info is hidden. The hidden data raises a red flag for this EA.
Conclusion: Is Stenvall Mark III a Reliable Forex Robot?
Stenvall Mark III 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.