Promax Gold EA Review
Welcome back to Our Best Crypto Signals Website. We’re here today with a fascinating article titled Promax Gold EA Review. We will cover all you need to know about this robot in this review, including what it is, its features, trading methods, the team behind it, prices/packages, user feedback, and our conclusion. So, if you’re interested in owning this robot, stay reading!
Let’s get this ball rolling!
What is Promax Gold EA?
Promax Gold EA claims to be the first self-driving gold trading robot with smart filter technology in the world. This, according to the company, allows the robot to do both fundamental and technical assessments with equal precision. This approach is also believed to be capable of yielding a 20-48 percent monthly profit.
On Promax Gold EA’s official website, the vendor gives a detailed presentation describing the system’s major features. We are provided a few live trading accounts with real-time results on Myfxbook, but we can tell that they haven’t been active for long. There’s a video of a live performance as well as a brief explanation of how the EA works.
Let’s take a short look at the Promax Gold EA Review!
Promax Gold EA Features
The Promax Gold EA Review would be incomplete without a discussion of the robot’s fundamental characteristics. This is a completely automated strategy that only trades the XAU/USD pair on the Metatrader 4 platform. It has an in-built money management system that is meant to keep your account from being drained, and it chooses lot sizes for you automatically when you trade. You just have to pay once for the program, and all updates after that are free.
The purpose of this Forex robot is to acquire market data to make trades. It is capable of achieving an accuracy of 88 percent, according to the manufacturer, and it leverages the smart grid system to conclude all transactions without loss during a downturn period.
It takes only 5 minutes to set up this robot, and you can get started with a $1000 investment. It is recommended that you use it for 5 minutes, according to the vendor. It is also recommended that you use the EA with an ECN account with a leverage of 1:500.
The merchant’s failure to clarify the trading strategy is a little irritating. Expert traders can look at the technical elements of the methods to see if the EA is capable of earning money. As a result, some of them may be hesitant to invest due to a lack of it.
Promax Gold EA Trading strategies
This section of the Promax Gold EA Review will focus on the EA’s functionality. The vendor mentions past performance testing, however, there are no backtests on the website. The use of a grid approach to cancel deals when there is a slump is highlighted when it comes to the methodology. Standard trading knowledge, such as how to utilize technical and fundamental analysis, is provided. Because of the poor strategy description and the lack of strategy tester comments, we are doubtful about the value of this FX robot.
Prices or package information should be included in the Promax Gold EA Review so that traders may make an informed selection. The initial price of this FX EA was $390, but it is currently only $198. When you buy this ATS, you receive a trial and a genuine account, as well as installation instructions and free updates. There is a 14-day return policy available. According to the seller, users should keep to the default settings and use the software on the sample account for 14 days; if they aren’t satisfied with the results, they may email the vendor for a full refund. The refund offer and recommendation seem acceptable. Even though the initial price is exorbitant, the reduced rate makes this EA accessible and competitively priced.
Customer feedback on the Promax Gold EA will be discussed in this portion of the Promax Gold EA Review. On the official site, this FX EA has 49 reviews with a 4.9/5 rating. We don’t use this kind of assessment to assess trading software since they are highly likely to be manipulated. We value unbiased feedback from sites such as Forexpeacearmy, Trustpilot, and others.
With neutral feedback, we can assess the true nature of the EA’s performance, the assistance offered, and other critical elements. The fact that there are no such reviews for this MT4 tool shows that it is not well-known among gold traders.
Pros and Cons
The benefits and drawbacks of utilizing Promax Gold EA should be included in this section.
- A fully automated trading technique
- Default choices
- Automated gold trading
- The MetaTrader 4 trading platform
- Myfxbook accounts that have been confirmed
- A grid-based trading system
- Full support
- Lifetime updates
- An instruction manual
- It might be expensive for certain dealers.
- Metatrader4 is now accessible for the XAUUSD pair.
- The vendor is a new firm that has yet to prove its usefulness.
- They owe a lot of information about their company’s history to its consumers.
Conclusion Promax Gold EA Review
The Promax Gold EA Review has come to a close. Promax Gold EA has a proven track record, as seen by its live results on the MyFXBook website. However, it is clear from our analysis of the data that just verifying trading does not suggest that the system is completely working. The profit percentage shown by the trade figures is consistent with the vendor’s predictions of large profits. However, the significant drawdown percent, which suggests a high-risk threshold, concerns us. Because of the small sample size, determining the EA’s real performance is challenging. The vendor’s use of the grid approach raises our doubts about the strategy’s effectiveness. The lack of an explanation of the trading strategy is a big problem with this MT4 application. Furthermore, the lack of suitable support options indicates a lack of vendor transparency. Because of its various faults, we do not consider this EA to be a trustworthy trading tool.