MT Forex Indicator is software that was designed to help us with trading. My EA Academy is a part of Sinry Advice company. So, everything under this brand belongs to their portfolio. The main claim is “Don’t trade without confirmation.”
Detailed MT Forex Indicator review
The presentation includes some statements, information, and other details. We have prepared a list of the most important ones for you:
- The system is a semi-automatic trading solution.
- We can work with it on MT4.
- It’s possible to attach it to any time frame and any symbol.
- The signals aren’t repainted.
- It works the “best for scalping, day, and swing trading.”
- The accuracy can be as high as 86%.
- The developer will charge us once.
- There are free updates provided.
- There are extra arrows to “show market top and bottom price.”
- It focuses on checking current trends.
- There are alert and email notifications.
- We are allowed to work on a single real and demo account.
- We have to download a user guide and follow the steps.
- “MT forex is programmed to analyze the Trend, Price Action strategies, high and lows of the charts and many more factors in order to give signals that made the MT Forex Indicator have above 86% verified accuracy in its signals.”
- They have over 4300 clients applied. We are not sure this is true.
MT Forex Indicator strategy tests
The presentation is not featured by backtest reports and this is not cool. Every system before being released should be tested. This one is not an exclusion. We don’t know a reason for them not to share with us tests where we could check the claim about the system’s win rate.
MT Forex Indicator trading results
We have several screenshots like this instead of a relevant widget that allows us to check Myfxbook or FXBlue verified trading results. It’s the most important part because we should be sure that the system can handle current market conditions and make profits for us. We don’t know it’s win rate, profitability, total, monthly growth, drawdowns, the best broker, an average win and loss, profit factor and other details. Without them, it’s hard to make the right decision about purchasing this system.
The indicator is available for $39 instead of $60. We can save $21. The package includes an indicator, support, and updates. A 14-day refund policy is also available.
There are several faceless testimonials that form a five-starred rate. We can’t trust them. They could easily be paid, manipulated, or concocted by the vendor.
MT Forex Indicator is a trading solution that doesn’t look trustworthy at all. First, the presentation doesn’t provide us with the minimum required information. We have no backtest reports that could show that the system was tested properly and it’s safe for our account. The same we have about trading results.
We can’t be sure that the system is tuned to the present market conditions and that we are safe using it and spending our time on trading manually.
The presentation doesn’t include relevant testimonials that would inform us what we should expect from the system when we decide to use it on a real account. The developers are well-known in the Forex market. So, they have to provide us with this intel because they know that it’s important for us.