Promising consistent profits without any loss, MATALINO FOREX EA claims to be the new way to make a profit from the Forex market. According to the vendor, it is a high-performance Forex EA that outperforms the market by using tried and tested strategies.
How MATALINO FOREX EA Robot Works
We have a brief presentation on the official website, with the core features clearly outlined. There is a brief explanation of how the robot functions, as well as the various benefits it can bring you. We have the link to a live trading account and the pricing details on the website. The vendor has also presented a contact form using which you can leave a comment.
This Forex robot does not require any manual intervention on your part, so you can complete the setup and watch the profits accumulate over time. Apparently, it has an advanced winning formula that allows it to effectively minimize the trading risks.
The EA trades on the GBP/USD and EUR/USD pairs for the 15-minute timeframe. It uses several indicators, including Commodity Channel Index (CCI) and Bollinger Bands. The current market price data is monitored closely by the robot and as per vendor claims, the strategy is suitable for novice as well as expert traders.
To work with this robot, you just need a functioning internet connection and a brokerage account. The seller states that you don’t need to conduct any technical analysis or master complicated signals to win profits with this EA. This is an adaptable robot that is able to adjust itself according to changing market conditions.
The company provides round-the-clock customer support, so if you run into any kind of problem, you can always get in touch with the customer support team.
On the official website, the vendor does not explain the trading strategy clearly. We know that the system uses a couple of technical indicators, but this does not count as strategy insight. In order to understand how the robot identifies profitable opportunities, we need a bit more in terms of technical details. Many Forex traders use this information to assess the profit-making capability of the system, so they might take this as a red flag.
Backtesting results are not available for MATALINO FOREX EA. It seems the vendor did not deem it necessary to share the performance of the system based on historical data. From backtests, we get to know about various performance factors like profitability, relative drawdown, profit factor, etc. Hence, the absence of the same might deter many individuals from investing in this robot.
MATALINO FOREX EA Trading Results
Here, we have the live trading results for a MATALINO FOREX EA account verified by the FXBlue website. We can see that this account has only been trading live for 21 days, and this makes it difficult to form a clear judgment about the system’s profitability. During these 21 days, the robot has managed to close a profit of $1252.50, and it has managed to win 47.9% of all the trades it has placed.
Now, this is not an exceptional win rate, as we can see, there has been a total loss of $3844.50. The daily, weekly, and monthly returns for this account are 1.52%, 7.83%, and 37.22% respectively. Thus, the trading statistics are not too impressive, even with the short trading history.
Pricing & Refund
There are three distinct pricing plans for MATALINO FOREX EA, namely Silver, Platinum, and Gold. With the more expensive plans, you get multiple licenses for real and demo accounts. The prices of these plans are $99, $149, and $249, respectively. In case anything goes wrong with the system, you can get a refund, since the vendor offers a 30-day money-back guarantee.
We were unable to find any customer reviews for MATALINO FOREX EA on websites like Trustpilot, Forexpeacearmy, Quora, and Myfxbook. It is quite natural that not many people want to opt for a robot that has such a short trading history. So at this moment, it doesn’t have much of a reputation.