Promax Gold EA Review: Things to Consider Before Investing

Promax Gold EA

Promax Gold EA is a robot from the Sinry Advice portfolio. The presentation includes various claims about the system. The core one is based on trading with a smart news filter. Let’s check how reliable and stable this trading tool is.

The highlights of Promax Gold EA

We have various details about the robot provided that were systemized in the following list.

  • The system can trade our orders completely automatically.
  • We can not trade during the periods of high impact news.
  • The monthly profit can be up to 8-15%.
  • The robot places orders on the market working with available margin only.
  • It’s possible to trade on the MT4 platform.
  • It can be profitable working with default settings.
  • The account can be a  demo or real one.
  • The offer is final and there will be no extra charges.
  • Owners provide our products with free updates and upgrades.
  • We can get this system installed within several minutes.
  • The raw spread account will be a good option for this robot.
  • From time to time, the robot can sit in significant drawdowns.
  • Mini and Cent accounts are allowed.
  • We have to use a VPS service to be good.
  • We can ask the devs what broker is the best to trade.
  • Opoforex is a suggested broker to work with.
  • The optimal leverage is 1:500.
  • The account balance has to start from $1000.

These are the core features of Promax Gold EA:

Ease of use

We can start using this trading solution without previous experience automatically.

Money management system

The advisor can calculate stop losses and take profits for us to prevent open orders from rough market moves.

Refund policy 

The owners support us with a 30-day refund policy. This protects us if the robot’s performance doesn’t match our expectations.

Trading strategy of Promax Gold EA

  • The system works with Price Action and Grid strategies.
  • We don’t have cross pairs mentioned.
  • The same we have about time frames.

Backtesting reports

The presentation doesn’t include any kind of backtest reports and this is a huge con because we don’t know if the system was tested properly and what results it achieved.

Trading results in real time

Promax Gold EA trading results on Myfxbook
Promax Gold EA trading results on Myfxbook

Promax Gold EA manages orders on a real USD account that was deployed on Opoforex. The leverage is 1:500 and the terminal the EA trades on is MT4. The account has a verified track record. It was created on April 25, 2021, and funded at $100,000. Since then, its total gain amounted to 74.31%. An average monthly gain is 4.44%, while the maximum drawdown is 36.35%. 

Promax Gold EA statistics
Promax Gold EA statistics

Promax Gold performed 754 deals with a win rate of 77% for long and 75% for short trading directions. It hold an order open for almost five hours and one minute. The profit factor is 1.40. This number is lower than the average one of 1.60.

Promax Gold EA trading hours
Promax Gold EA trading hours

It focuses on trading from 10 a.m. to 3 p.m. mostly.

Promax Gold EA daily trading results
Promax Gold EA daily trading results

We may note that Wednesday is the least tarded day with 126 deals closed.

Promax Gold EA risks
Promax Gold EA risks

The advisor executes orders with medium risks to the balance. There’s a 6.42% chance of losing 10% of the balance.

Promax Gold EA closed deals
Promax Gold EA closed deals

The robot uses increased lot sizes from time to time.The last page win rate is high–it won 18 deals from 20 traded.

Promax Gold EA
Promax Gold EA

This years’ trading results don’t look stable and predictable.

Promax Gold EA price

The developers removed a 50% discount. Now, the price is $388 for a single real account copy. We can expect to get a 14-day refund policy.

Customer support

The developers provide average support. When we contacted them, we had our questions answered within several hours.

Are traders happy with Promax Gold EA?

Promax Gold EA comments
Promax Gold EA comments

From our last visit, the number of reviews increased from 78 to 92. The total rate is 4.9. So, traders are satisfied with this crypto trading tool.

Promax Gold EA testimonials
Promax Gold EA testimonials

Promax Gold EA

Promax Gold EA
3 5 0 1
Promax Gold EA is a solution that works with Gold on a real market. The presentation includes various testimonials about the system and different features explanations. Nevertheless, the trading results don’t look smooth and attractive. We’d like to wait to check if the system can recover after those losses.
Promax Gold EA is a solution that works with Gold on a real market. The presentation includes various testimonials about the system and different features explanations. Nevertheless, the trading results don’t look smooth and attractive. We’d like to wait to check if the system can recover after those losses.
3/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    3/5 Neutral
  • Reliability
    3/5 Neutral
  • Price
    3/5 Neutral
  • Customer Testimonials
    2/5 Bad

Advantages

  • Trading results provided
  • A refund policy applied

Disadvantages

  • No team revealed
  • No risk advice given
  • No backtest reports provided
  • Trading results don’t look stable and predictable this year
  • Only insite testimonials written
Total
0
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