Promax Gold EA is a just-released by Sinry Advice robot. It goes under My EA Academy. From the main page, we know that this is a Gold advisor. It’s introduced as a “Gold Trading Robot with Smart News Filter.” The company is a quite known publisher among Forex-related developers.
Product Offering
Let’s talk about the features and the offer:
- The robot executes orders automatically.
- The main and only symbol is Gold (XAUUSD).
- There’s a smart news filter that analyzes Technical and Fundamental news.
- The monthly profit can be between 20% and 48% monthly.
- The system uses money management to calculate Lot Sizes.
- It can be applied to MT4.
- The default settings are the best ones.
- The package includes one real and one demo license.
- It opens and closes deals automatically for us.
- There are no additional fees, just a one-time payment.
- We can rely on free updates.
- The setup takes five minutes, not more.
- We can work on the demo or live account.
- We should work on an ECN account.
- The minimum balance has to be $1000 or higher.
- The time frame is M5.
- We have to provide our demo and real account numbers via email to support.
- The robot may experience mid-term drawdowns.
- We’re not allowed to trade manually on the same account or close trades.
- We mustn’t use other EAs on the same account.
- We can’t work on Mini or Cent accounts.
- We have to use a VPS service, so the system runs 24/5.
- They can suggest a Windows-based VPS service for us.
- The spreads and fees should be low.
- They recommend Opo Forex broker.
- The leverage should be 1:500.
We can buy a product copy for $198 instead of $390.
The deal is supported by a 14 days money-back guarantee.
Trading Strategy
- The robot uses a Grid of orders.
- We can work with Gold only.
- The time frame is M5.
Trading Results
The presentation isn’t featured by backtest reports. It means we can’t compare how the advisor worked with the previous data and what results it achieved with the current trading activities.
We have a real $100,000 account on Opoforex. The system works automatically with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record. It was created on April 25, 2021, and was well-deposited at $100,000. Since then, the absolute gain has become 18.18%. An average monthly gain is 16.11%. The maximum drawdown is 4.11%. Forty-two traders track the account.
There were 131 deals with 12,705 pips traded. An average win is 167.85 pips when an average loss is -254.09 pips. It works only in the Long direction. The win rate is 83%. An average trade length is 45 minutes. The Profit Factor is 3.90.
There’s only the Long direction traded.
It opens orders during several high-impact news hours.
Thursday (35 deals) is the most traded day.
The system trades with low risks to the balance.
The advisor also uses a Martingale strategy to recover after losses.
The system shows standard monthly profitability.
Customer Reviews
There are some positive reviews on the site published.
We are not sure they were posted by real clients.
The company has a Telegram channel with 1812 subscribers.
From it, we know that the company owns four robots based on the four strategies.
