MATALINO FOREX EA is a new expert advisor that was released only a few days back. It is claimed to be a new method to earn stable profits every month in the Forex market without any losses. The vendor asserts that the robot employs proven Forex trading strategies that enable traders to earn some “serious income.” In this review, you will learn more about MATALINO FOREX EA, along with its various features and pros and cons.
Features
We see that on the MATALINO FOREX EA website, its main features are clearly listed, along with its functions and advantages. There is also a live trading account link, details about its price, and a contact form.
Even though the official site of MATALINO FOREX EA is satisfactory, it has a lot of grammar and spelling errors. Plus, it has no valuable info and is too wordy. There is no information about the trading strategy, just a couple of technical indicators.
As per the developer, this EA is a great one in the Forex market as is indicated by its website. But, there is no ‘About us’ section on its official site; thus, we do not know anything about its developers, including their history, trading experience, and office location.
These details are quite essential, particularly if it’s a new trading system. This shows us that it lacks transparency and cannot be trusted. The vendor claims that this robot is “extremely safe,” which we seriously doubt since there is no info provided about its developers.
Some of its main features include:
- This is a fully automated expert advisor that does not need any human interference
- It works with all brokers
- The trading tool trades in EUR/USD and GBP/USD currency pairs in a timeframe of 15 minutes
- It is completely safe and easy to use
- The customer support is quick to answer all your queries
- It has a money-back guarantee of 30 days
- The system has an exceptional win ratio of 3:1
- There are free upgrades and updates
How to start trading with MATALINO FOREX EA
MATALINO FOREX EA does not need any manual setup. It uses an “advanced winning method” that diminishes the trading risk. This tool employs many indicators, such as Bollinger Bands and CCI (Commodity Channel Index).
The EA watches current market price data and is ideal for both beginners and advanced traders. In order to use this Forex robot, you just require a brokerage account with a stable internet connection.
As per the seller, the expert advisor does not require you to do any technical analysis or learn about signals in order to earn profits. This is because it can fully adapt as per the changing market scenarios. The customer support is 24/7 so you can contact them anytime.
MATALINO FOREX EA has three price plans, which are Silver, Gold, and Platinum. They cost $99, $149, and $249, respectively. The plans have a different number of account licenses, with expensive plans having several licenses for demo and real accounts. Plus, there is a 7-day trial period with one demo account offered for $7 and a full resale license with MQL code for $1000. And, there is also a refund policy of 30 days.
Backtests
There are no backtesting results of MATALINO FOREX EA. Backtests tell us about a trading system’s performance through historical data, including things such as the profit factor, relative drawdown, and profitability. This might prevent many traders from buying this trading tool.
Verified Trading Results of MATALINO FOREX EA
MATALINO FOREX EA has a live trading account on FX Blue. The trading tool was created in May 2019. It has a short trading history of only 35 days. This means we cannot assess its profitability through its trading results.
The expert advisor has $1966 as total profit with a profit factor of 1.35 and a 48.7% trade win rate. It has 39.3% total return, 33.7% average monthly gain, and 7.2% average weekly return. The EA has closed 1316 deals in total and has won 621 out of them. These results show that the robot has lost many trades, which means it is not lucrative.
Customer reviews
MATALINO FOREX EA does not have any customer reviews on reputed third-party websites, such as Forexpeacearmy, Trustpilot, Myfxbook, and Quora. Though, it has received a 3.2 rating out of 10 on the Forex Store website. This indicates that this trading system is not as great as it claims to be.
Is MATALINO FOREX EA a viable option?
MATALINO FOREX EA is not a viable trading tool. Some of its pros and cons include:
Advantages
- Verified trading results
- Money-back guarantee of 30 days
Disadvantages
- No information about the trading strategy
- Short trading history
- Poor live trading results
- No backtest reports
- Lack of vendor transparency
- Absence of customer reviews
Summary
After seeing the performance of MATALINO FOREX EA, we conclude that it is not reliable. There is no information about its sellers, trading strategy, and office location. Its trading history is quite short of only 35 days and the trading results are poor with a low win rate of 48.7%. There are no backtest reports and customer reviews. It seems like this trading system is a scam. Thus, we do not recommend traders to invest in it.
