According to its website, MG Pro EA gives “a steady profit in your trading with the most trusted and downloaded tool in 2020 that generated a 74% win rate.” Today, we review the robot by analyzing its trading technique, stats, user review, and sales page. Is the robot that profitable?
Table of Contents
What is MG Pro EA?
MG Pro is a fully automated expert adviser that was made by Trend Reverse. It’s compatible with MT4 brokers and has 12 inbuilt smart indicators to analyze market trends. We have no idea who its real creators are or where the robot originates from. The creators claim that they’ve tested this trader three years in a row before putting it on the market.
MG Pro EA trades on AUD/CAD, CAD/CHF, NZD/CAD, EUR/USD, and USD/CAD. The robot costs $450, with a possibility for a discount depending on when you purchase it. You can purchase this bot on Sinry advice. This purchase gets you several features such as:
- The fully automated, pre-programmed robot
- One real and one demo account
- Live daily result in Myfxbook
- A verifies 74% win rate
- Pre-set parameters that don’t need modification
- A thoroughly tested robot
- 12 inbuilt indicators
- 24-hour support
- 30-day money-back guarantee
How does MG Pro EA work?
The robot works on the M5 timeframe, although you can modify this to your preference. It works by using its 12 in-built indicators, including price action, checking support, trend line, and resistance levels, to analyze market trends so that the robot can hop on to the most profitable trades.
Traders should have a $500 deposit to use the robot. There’s also an option of closing deals manual when you either reach 10-20 pips. It’s recommended that traders use 24-hour web-based exchanging using VPS. This is the information we have deduced from research, and their sales page is very vague.
Stats and User Reactions
We start with the website, and it’s well put together and professionally done. The website also offers little information on its trading techniques, so we are left grappling with information. The creators haven’t provided backtests for this software, but they have given us a link to their Myfxbook account.
The data on Myfxbook is verified and shows a total of 113.13%, with an impressive 0.34% profit daily. The trader deposited $510.82 and got a $569.15 profit between September 2020 and April 2021. The drawdown has been on a high, especially in April, reaching upwards of 30%. The robot made an average win of 24.93 pips.
The robot doesn’t have user reviews on popular review sites, but its sales page contains several user reviews.
MG Pro EA has had several months to catch up with more seasoned forex robots, the profit margins are amazing, but the high drawdown is quite worrying. The next red flag is the lack of creator information and also how the robot works to achieve these profits. Providing historical data would also be quite beneficial to the robot’s marketing portfolio. Currently, with the little information we have, we can’t recommend the EA.