Matalino Forex EA is an all-new trading robot for Forex that works on a real account. The site seems like a joke that was created several hours at night before the release date.
Matalino Forex EA Strategy
- The main strategy is a Grid of orders probably on the Price Action.
- The support strategy is Martingale.
- It works with EURUSD and GBPUSD on the M15 timeframe.
Matalino Forex EA Features
The presentation has some information explained:
- As soon as we start reading the presentation, we face the intel about what challenges we have to face to be successful on Forex.
- The system can execute deals fully automatically.
- The developers didn’t share details about strategies with us.
- Trading results show that there is a Grid with Martingale.
- The robot works with two cross pairs: EUR/USD and GBP/USD.
- The main time frame is M15.
- The advisor is designed for trading only on MT4.
- It uses data from Bollinger bands, CCI, and other various indicators.
- We can start working with it without previous experience.
- We can run the robot on the home or office PC.
- The system isn’t sewed to a broker.
- It can decrease risks and drawdowns.
- The common RIO is 3:1.
- We will be supported via email by a good team.
We have three packages introduced: Silver, Platinum, and Gold. The Silver pack can be bought for $99. It includes a real and demo license for MT4 and free updates. The Gold pack can be obtained for $149. It includes two real and two demo account licenses. The Platinum pack costs $249. There are four real and demo account licenses and WhatsApp support. There are refunds provided if needed.
Matalino Forex EA Backtesting Results
The presentation doesn’t include any sign of backtests. It’s weird because the developers had to test the system before releasing it.
Matalino Forex EA Live Trading Results
We have a real account to check where the advisor works automatically. The account was deployed a month ago, on May 19, 2021. The deposit was $5000. The closet profit is +$1836.50. The floating loss is -$1.00. The margin level is 57,345%.
The total return is 36.7%. An average monthly return is 34.8%. The accuracy rate is low – 49.5%. The profit factor is 1.31. An average trade frequency is 40.3 deals daily. There were -1009 pips gained. It’s clear that there’s Martingale.
The risk to Reward Ratio is 33.17. An average trade length is 106 minutes. An average result is $1.52. An average win is $11.59 when an average loss is -$8.27.
The robot trades pairs almost equally with GBPUSD, just a bit ahead of EURUSD.
We can tell the same about trading in both directions.
The robot works with a single strategy on the board.
Thursday with 355 deals is the most traded and profitable day ($723).
Most trading activities occurred during the European trading session.
Both months are well-traded.
As we note, trading activity went down.
The system trades using Grids of orders adding Martingale to close them in profits.
Matalino Forex EA Reputation
The company has no reputation at all because we have no idea who’s behind the one-month-old service and if the system keeps being profitable or not. The presentation doesn’t include people’s testimonials.
Matalino Forex EA Review Summary
- Strategy – score (3/10)
- Functionality & Features – score (4/10)
- Trading Results – score (3/10)
- Reliability – score (4/10)
- Pricing – score (3/10)
Conclusion
Matalino Forex EA showed that during a month of real account trading, the robot could manage to be profitable using a scary Grid plus Martingale combo. It means nothing because, for these types of strategies, trading results have to unite over half a year’s experience, not less. Now, it’s not a good time to buy the robot.
