Silent Master is said not to use martingale, grid, and arbitrage strategies. The idea is to convince traders that the system is safe. The vendor recommends that you use the EURUSD and GBPUSD currency pairs while trading with them on the M5 chart.
Evgeniy Machok is the developer behind this expert advisor. He is from Russia and has a total of 15 Forex products and 8 published signals in his portfolio. Here’s a list of Machok’s inventions: MIB Pro, Turn Indi, Yellow Free, SZ Scalper, and Elemental EA, among others.
Features
The features of this expert advisor are highlighted below:
- “Set and forget” system, no user participation is needed
- The system runs on the MT4 or MT5 terminal
- The system is compatible with all brokers with small spreads and fast order execution
- The minimum recommended deposit is $100
- Positions are usually protected by stop loss and DD parameters
How to start trading with Silent Master
Silent Master is a fully automated EA that scours for trades at night. The developer believes that this period is good for trading because of the low market volatility associated with it. Machine learning components are also included to help the EA consider the present market conditions while trading. As you go through the trading results section, you will realize that the grid is also present.
Silent Master is being sold at an average price of $149. This pack doesn’t come with a money-back guarantee, though.
Backtests
The backtest above indicates that this robot was tested using real tick data from 2018 to 2021. A total of 865 trades were completed during this period, and they recorded astounding win rates. As you can see, 91.25% of the short positions and 94.52% of the long positions were successful. So, the EA multiplied a deposit of $100 by 600 fold, leading to a total net profit of $63,499.11. The profit factor was 6.32 and very high. Low risks were applied during trading as a maximum drawdown of 19.99% was recorded.
Verified trading results of Silent Master
The results of this live account hugely contrast the ones we have seen in the backtest report. The EA made a daily profit of 0.03% and a monthly profit of 0.85%. This profitability rate was low. We also don’t think any sane trader would be comfortable investing $350 to only earn a mere $78.78 after more than a year of trading. You can agree that chances of getting better returns with manual trading are higher.
Another disturbing thing about the robot’s performance was the high drawdown (39.86%). Apparently, it traded with high risks to the balance.
The EA has implemented 328 trades, and the profit factor of 1.08 further highlighted its low return rate. There was an average trade length of 1 hour and 3 minutes. The win rates for long and short positions were 79% and 100%, respectively.
This account was at high risk of ruin. Two consecutive losses could reduce the account’s worth by 10%.
The system used short timeframes, big lot sizes, and a grid of orders. TP levels were small, but the SL values were much higher. Minute gains were generated.
Most trades were conducted at midnight.
Customer reviews
Silent Master has a 5-star rating on MQL5. Even then, you have to be aware that only one customer has reviewed the product. We need to see more testimonials as this sample size is too small. Anyway, the customer indicates that the system has good programming and is profitable.
Is Silent Master a viable option?
Advantages
- Fair pricing
- Myfxbook trading results are showcased
Disadvantages
- High risk of ruin
- Poor risk/reward ratio
- Low profitability rate
- The trading account discontinued in the mid of December
- Insufficient feedback from customers
Wrapping up
The availability of live trading data enables you to assess the profitability of the algorithm. Although there is a trading account for this EA created on myfxbook, there has been no deal performed since December 9, 2021. Therefore, it is impossible to make an informed decision on whether to work with it or not. It is disappointing that the developer misleads the community about the safety of the EA. We have established that it uses the grid strategy that can cause your account to suffer numerous losses. The low profitability rate makes it harder to recover losses.
