Sinry Advice company has many products in its portfolio: indicators, robots, and so on. MG Pro EA is one of them. It was introduced as the most profitable trading robot with 3rd-party-verified trading results.
The EA sells with a massive OFF. The original price was $450. Now, we have to pay only $288 for a copy of the product. The pack includes two licenses: one for real account usage, the second one for a demo account. We can rely on a refund if it’s not profitable for 14 days after the purchase.
MG Pro EA Trading Strategy
The EA uses twelve indicators to analyze support and resistance levels, trends, and price action.
MG Pro EA Features
- It’s the most profitable EA of SinryAdvice.
- The robot works well with default settings.
- It trades fully automatically.
- It analyzes the market with more than 12 indicators.
- The robot received a big update on September 24, 2020.
- The EA works with AUDCAD, CADCHF, EURUSD, NZDCAD, and USDCAD.
- We have to run it on the M5 time frame.
- The robot requires to be online 24 hours a day.
- VPS is a good option for it.
- The minimum deposit requirements are $500 for each 0.01 Lot Size.
- We’re allowed to close trades manually after gaining 10-20 pips.
- The EA uses Hedging if needed.
MG Pro EA Backtesting Results
The robot doesn’t have revealed backtest reports. We’re sure the devs did backtest to convince themself that the EA works properly. So, you have to ask for them via support if needed.
MG Pro EA Live Trading Results
The vendor provided a link on myfxbook-verified results.
The robot trades on a real USD account on LiteForex using technical indicators. It trades automatically with 1:200 leverage on MT4. On the new account, the devs set myfxbook software to verify the track record. The account was created on September 25, 2020, and deposited at $501.21. The absolute gain is +27.5%. An average monthly gain is +13.98%. The maximum drawdown was high (17.97%). Fifteen traders track the trading results.
The drawdown chart shows that the EA sits consistently in drawdowns.
MG Pro EA is profitable on all analyzed periods from a day to a year.
The EA traded 208 deals with 2032.1 pips. An average profit trade is (26.80 pips), while an average lost trade is (-23.08 pips). The average win-rate is 62% for Longs and 68% for Shorts. The average trade length is one day. The Profit Factor is 1.90.
The robot focuses on opening trades on USD/CAD (56 deals) and EUR/USD (52 deals) symbols. The most profitable was EUR/USD with +$41.34.
The robot trades three periods: the middle of the Asian session, the middle of the European session until it becomes the American trading session, and the American trading session until closing.
Wednesday and Thursday are at the top by opening orders.
The robot trades with medium risks to the account balance.
The robot sets SL and TP levels and hides them from the broker. We don’t know their levels in pips. Many trades were closed with 5-20 pips of the profit.
For almost three weeks of trading, the EA has managed to gain +10%.
MG Pro EA Reputation
There are no pages of the company nor the EA on the Forex Peace Army site. Insite comments give the robot a 4.9 from 5 stars rate, based on nineteen reviews.
Several of them have zero likes and three dislikes.
The rest have no or little likes.
MG Pro EA Review Summary
- Strategy – score (6/10)
- Functionality & Features – score (8/10)
- Trading Results – score (8/10)
- Reliability – score (6/10)
- Pricing – score (8/10)
Conclusion
The developers noticed that it had been the second version of the MG Pro EA. Brand-new results show that the robot is profitable but keeps deals in big and consistent drawdowns. All of this raises the margin requirement for its normal functionality. The win-rate is much less than 74% that the devs told about in the presentation. The package has only a 14-day money-back guarantee, so there’ll be high chances that we can’t test the EA well to be sure it’s good to go on the real account. The last con is that there’s not even a single mention about the robot and company across Google.
