Promax Gold EA Review
Hello and welcome you all to Our Best MT4 Indicators Website. We’ve got a great post called Promax Gold EA Review for you today. In this review, we’ll go over everything you need to know about this robot, including what it is, its features, trading techniques, the team behind it, prices/packages, user comments, and our final thoughts. So, if you want to be the owner of this robot, keep reading!
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What is Promax Gold EA?
Promax Gold EA asserts that it is the world’s first self-driving gold trading robot with smart filter technology. The robot can now do both basic and technical evaluations with equal precision, according to the firm. This strategy is also said to be capable of generating a monthly profit of 20-48 percent.
The seller provides a thorough presentation detailing the system’s key characteristics on Promax Gold EA’s official website. On Myfxbook, we’ve been given a few live trading accounts with real-time results, but they don’t appear to have been active for very long. A live performance video is included, as well as a brief description of how the EA works.
Let’s take a look at the Promax Gold EA Review in more detail.
Promax Gold EA Features
Without a description of the robot’s essential qualities, the Promax Gold EA Review would be incomplete. On the Metatrader 4 platform, this is a fully automated strategy that solely trades the XAU/USD pair. It includes a built-in money management system that prevents your account from being emptied, and it automatically selects lot sizes for you when you trade. You just need to pay once for the application, and all subsequent upgrades are free.
The goal of this Forex robot is to gather market data to execute trades. According to the manufacturer, it can achieve an accuracy of 88 percent and uses smart grid technology to complete all transactions without loss during a downturn time.
Setting up this robot takes only 5 minutes, and you can get started with a $1000 investment. According to the provider, it is advised that you use it for 5 minutes. It is also advised that you utilize the EA with a 1:500 leverage ECN account.
It’s a little frustrating that the merchant doesn’t explain his trade technique. Expert traders can examine the technical aspects of the techniques to determine whether the EA is capable of profiting. As a consequence, due to a shortage of capital, some of them may be afraid to invest.
Promax Gold EA Trading strategies
The functionality of the Promax Gold EA will be the emphasis of this portion of the Promax Gold EA Review. Although the seller cites previous performance testing, there are no backtests available on the website. When it comes to technique, the use of a grid approach to terminate agreements when there is a slump is stressed. Standard trading information is taught, such as how to use technical and fundamental analysis. We question the utility of this FX robot due to the weak strategy description and the lack of strategy tester feedback.
For traders to make an educated decision, prices or package information should be given in the Promax Gold EA Review. This FX EA was original $390, but it is presently just $198. You will receive a trial and a legitimate account, as well as installation instructions and free upgrades when you purchase this ATS.
A 14-day return period is available. Users should use the program on the trial account for 14 days, according to the supplier, and if they aren’t happy with the results, they may email the vendor for a complete refund. The offer of a refund and the suggestion appear to be reasonable. Despite the fact that the initial price is excessive, the discounted pricing makes this EA affordable and competitive.
This section of the Promax Gold EA Review will go through customer comments on the Promax Gold EA. This FX EA has 49 reviews on the official site, with a 4.9/5 rating. We don’t use this method to evaluate trading software since it’s very likely to be manipulated. Sites like Forexpeacearmy, Trustpilot, and others provide us with unbiased feedback.
We may analyze the real nature of the EA’s performance, the help provided, and other key factors using impartial feedback. The lack of such evaluations for this MT4 tool indicates that it is not widely used by gold traders.
Pros and Cons
This section should contain the advantages and disadvantages of using Promax Gold EA.
- A grid-based trading system
- Full support
- Lifetime updates
- An instruction manual
- A fully automated trading method
- Default options
- Automated gold trading
- The MetaTrader 4 trading platform
- Confirmed Myfxbook accounts
- It may be prohibitively pricey for certain dealers.
- The XAUUSD pair is now available on Metatrader4.
- The vendor is a new company that has yet to demonstrate its worth.
- They owe their customers a lot of information about their company’s past.
Conclusion Promax Gold EA Review
The Promax Gold EA Review is now over. As seen by its live results on the MyFXBook website, Promax Gold EA has an established track record. However, our study of the data shows that just validating trading does not imply that the system is fully functional. The vendor’s forecasts of huge profits are supported by the profit revealed by the trade data. However, we are concerned by the substantial drawdown, which indicates a high-risk threshold. It’s difficult to determine the EA’s true performance because of the limited sample size. The vendor’s adoption of a grid method raises our suspicions about the strategy’s efficacy. The lack of a trading strategy description is a major flaw with this MT4 application. In addition, the lack of appropriate support choices reveals a lack of vendor openness. We do not consider this EA to be a reliable trading tool due to its numerous flaws.