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Home Forex Tools Forex Robots

MG Pro EA Review

by Richard Brase
January 19, 2021
in Forex Robots
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Sinry Advice robot

We’d like to talk about Sinry Advice’s robot MG Pro EA in our review. It’s introduced as the most profitable software they have.

Table of Contents

  • Is this robot a viable option?
  • How to start trading with MG Pro EA
  • MG Pro EA Backtests
  • Trading Results
  • Other notes
  • People Feedback
  • Wrapping up

Is this robot a viable option?

MG Pro EA has a solid list of features:

  • The robot trades fully automatically for us.
  • It analyzes the market with several inner indicators like Price Action, checking Support, and Resistance levels, Trend.
  • The system trades AUD/CAD, CAD/CHF, NZD/CAD, EUR/USD, and USD/CAD.
  • It works on the M5 time frame.
  • MG Pro EA is the most profitable software of Sinry Advice.
  • Default settings are enough to be profitable.
  • It opens and closes trades automatically.
  • We can expect up to 10% of the weekly profit.
  • The EA can make stable profits, trading with low risk.
  • We have to provide our real account to get approval to start trading.
  • The developers suggest a VPS service to keep the EA online 24/5.
  • The minimum deposit should be $500 for trading with a 0.01 Lot Size.
  • We can close deals manually after getting 10-20 pips.
MG Pro EA chart

After attaching the robot to a chart, we can see Lot Sizes, Spreads, Magic Number, and others.

How to start trading with MG Pro EA

MG Pro EA price

The offer of MG Pro EA costs $288. The original price was $450. We could rely only on a 14-day money-back guarantee if the EA was not profitable. So, there’s no extended refund policy in cases if we don’t like it.

MG Pro EA Backtests

The developers decided not to provide backtests reports. So, we don’t know how well the system was tested before realizing it. 

Trading Results

MG Pro EA Myfxbook

The robot runs a real USD account on LiteForex, using technical indicators and trading automatically with 1:200 leverage on the MetaTrader 4 platform. The account has a verified track record. It was created on September 25, 2020, and deposited at $503.91. Since then, the absolute gain has become +59.2%. An average monthly gain is 13.19%. The maximum drawdown is 17.97. The account is tracked by 39 traders. 

MG Pro EA advanced statistics

MG Pro EA closed 388 deals with 4158 pips. An average win is 25.05 pips when an average loss is -21.29 pips. The win-rate is 70% for Longs and 68% for Shorts. An average trade length is one day. The Profit Factor is 2.23.

MG Pro EA trading results

The system trades five symbols. The most profitable is EUR/USD $93.66 when the most traded is USD/CAD – 99 deals.

MG Pro EA trading results

The system focuses on trading during European trading hours.

MG Pro EA trading results

Most-traded days are Monday (166) and Wednesday (93 deals).

MG Pro EA trading results

The EA runs the account with low risk to the balance.

MG Pro EA trading results

As we can see, there’s no Martingale. The software covers SL and TP levels from a broker. 

MG Pro EA monthly gain
MG Pro EA monthly gain

For now, the system is consistently profitable.

Other notes

MG Pro EA presentation

The presentation includes a schema that tells us about 488 delivered orders (we can’t check it up), 74% win-rate (68%-70%) in reality, 80% More Profits (compared to what period or product?), and 50% Lower Price Compare to others (who are these others?).

People Feedback

The company doesn’t have a profile on Forex Peace Army.

MG Pro EA People Feedback

So, this comment could clarify much. The previous account was blown, and “+50% more profits” means compared with the current real account.

MG Pro EA rates

There’s a comment section on the site. The average rate is 4.9/5, based on 22 reviews.

MG Pro EA customer reviews

Clients are happy to use this software, according to onsite comments.

Wrapping up

Advantages

  • The strategy is well-explained
  • Real account trading results provided
  • Huge discount provided
  • The 14-day money-back guarantee provided

Disadvantages

  • No team revealed
  • No settings explanations provided
  • No backtests provided
  • The robot is several-month old
  • No free real-account license switch for free
  • Support provides an answer with a huge delay
  • Only a 14-day money-back guarantee provided

Summary

MG Pro EA is such a young robot with only several months of trading experience. The developers didn’t reveal their team to convince us that they’re professionals. The 14-day money-back guarantee is little to check how the EA handles various market conditions. The support looks unprofessional, writing in slang English, and delivering answers with huge delays.

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