MATALINO FOREX EA claims to be the winning advisor that every trader needs. It promises to generate steady monthly profits without making any losses. According to the vendor, this system offers traders a new way of profiting from the Forex market.
On the official website, the vendor claims that MATALINO FOREX EA is a high-performance robot that uses tried and tested trading schemes to outperform the market. The presentation on the webpage is brief, and we have a list of all the main features, trading statistics, pricing details, and a contact form for sending a message to the service team.
We have no information on the official website about the parent company behind this Forex EA. The vendor has not revealed the identities of the developers and traders who work for the company and we don’t have a physical address for the headquarters. As such, we are thoroughly disappointed from the vendor transparency perspective.
MATALINO FOREX EA at a Glance
|Currency Pairs||EUR/USD, GBP/USD|
This is a 100% automated system that does not require any manual intervention to operate. According to the vendor, it is different from other Forex robots that have complicated functions that leave a trader confused. They also claim that this is a safe system using a winning formula that is able to deal with risk in an intelligent fashion.
This Forex robot trades in the GBP/USD and EUR/USD pairs for the 15-minute timeframe. It does not require you to analyze charts or master trading signals. However, you need a computer with stable internet and a working brokerage account. As per vendor claims, this system has a win ratio of 3:1. The truth of these claims can only be verified after analyzing the live trading performance.
MATALINO FOREX EA Trading Strategy Tests
MATALINO FOREX EA uses a strategy based on indicators like Bollinger Bands, Commodity Channel Index (CCI), and others. These are used for active monitoring of the current market price. We don’t think this information is adequate when it comes to strategy insight.
The vendor should have mentioned all the indicators that this robot uses, while also explaining the technical details of the trading scheme. With so little information, we cannot determine whether the strategy used by the EA is effective for generating consistent profits. The lack of strategy insight might be taken as a red flag by experienced Forex traders.
We don’t have the backtesting results for the EA on the official website. This is yet another reason for avoiding this robot since backtests are considered vital by the Forex trading community. Before purchasing an automated system, traders always look for backtesting data, since it reveals important details about its profit-making capability.
What About MATALINO FOREX EA Live Trading Results
This is a live trading account for MATALINO FOREX EA on the FXBlue website. As we can see, this account has a short trading history of 24 days, which immediately makes it difficult to reach a verdict about the robot’s profitability by analyzing the results.
To date, a total profit of $1517.50 has been generated through this account. It has an unimpressive win rate of 48.5% and a profit factor of 1.33. Since the robot has lost the majority of the trades, we cannot term it a profitable system after looking at the results.
We were not able to find any customer reviews for MATALINO FOREX EA on websites like Quora, Trustpilot, Forexpeacearmy, and Myfxbook. Clearly, this robot has failed to earn a reputation for itself during the short time it has been active.
MATALINO FOREX EA Review SummaryMATALINO FOREX EA Review Summary
Functionality3/5 NeutralThis EA does not have any special feature of functionality that sets it apart from other systems.
Trading Strategy2/5 BadThe information provided on the trading strategy is insufficient.
Live Results3/5 NeutralThis EA has a low win rate for live trading and short trading history.
Customer Support4/5 GoodCustomer support is provided round the clock via email.
User Reviews1/5 AwfullyThere are no customer reviews on the web for this Forex EA.
- Verified live trading results
- Lack of strategy insight
- Short trading history
- Lack of vendor transparency