Milliontrader EA review
If you are looking for the MillionTrader EA FREE Download link, then you are in the right place! We will review this trading bot and see how useful and safe it can be for trading. So, now we will open for you a million-dollar secret – we will tell you exactly whether you need this software or it is better to pass by.
EA MillionTrader MyFxbook analysis
So, we found two monitoring of this software on the MyFxbook service and now we can conduct an in-depth analysis of them.
The first thing we see is that the developer has hidden the balance of the MillionTrader MT4 account and we cannot see the balance of this trading bot. Such an important parameter could tell us a lot. For example, how much the developer of this bot trusts his software solution and how much he started trading with this Forex Expert Advisor. Ok, the concealment of the initial amount is a big minus and suggests that the MillionTrader MT4 developer is not behaving very honestly. This is a big minus.
If you are not aware, many software vendors start trading on an account with a $10 balance and with the largest possible transactions. In this case, each profitable transaction can bring more than 100% profit. Several profitable trades in a row and the result of profitability is about 500%. Further, trading volumes decrease and monitoring is carried out as usual. Most likely, the developer of MillionTrader EA did just that. If you look at the two monitorings, we see first a rapid growth chart, and then a horizontal straight line. The account balance is hidden to prevent buyers from seeing this scam.
The number of currency pairs that are used for trading is very large and this is a big plus, which speaks in favor of the fact that the MillionTrader algorithm is universal, and the trading bot itself is multicurrency.
However, pay attention to the monitoring of EA MillionTrader was carried out for 2 years, but during this time, very few transactions were made on all the assets that were traded. There is no clear system that would show that the trading bot is working stably.
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And one more, probably very important factor – the developer stopped these monitorings and no longer conducts them. Why? What happened and what went wrong? If a trading bot is stable and profitable, then it must continue to work – bring new customers for purchases and earn a lot of money. However, the developer stopped monitoring MillionTrader EA…
Also, we see a large profit factor – 2.83 (that is, there are 2.8 times more profitable trades than unprofitable ones).
Such important parameters as Average Win: 140.65 pips and Average Loss: -38.18 pips indicate that MillionTrader EA FREE Download has good money management and trades in the direction of the trend.
The positive fact of this monitoring is that trading was carried out around the clock. The MillionTrader trading bot performed the most active hours of trading during the European and American trading sessions. This confirms the statement that this is a trending robot.
The average time to hold trading positions in the market is about 1 day. This is good and indicates that the developer was not engaged in pipsing and the trading was really carried out according to some kind of trading system. Most likely, the working timeframe was H4 or D1, because there were not very many deals (according to EA MillionTrader MyFxbook monitoring).
MillionTrader EA Review Results
On the one hand, monitoring shows great profitability, on the other hand, there are a lot of negative factors that indicate that the developer of the EA MillionTrader MT4 robot tried to deceive the audience and all potential buyers. “Look how many percent of the profit my robot earned” – this is probably how the developer advertised his software. However, he hid anything that could confirm that these results were not random.
Our verdict – you can try this trading bot on a demo account and see if MillionTrader EA FREE Download actually makes or doesn’t make a profit on its own. If it brings, install it on a trading account with a small deposit and a minimum trading lot. Do not forget that an Expert Advisor (according to monitoring) can bring very little profit for several months. So testing this Forex bot will take a very long time (at least 4-6 months). This is the only way you can make sure that this software is safe and profitable.
We do not post a link to the EA MillionTrader FREE Download in order not to violate the intellectual rights of the developer. Sorry!