Silent Master is a Forex expert advisor that was launched in July 2021. It is a fully-automated robot that is based on machine learning principles. You can run this robot on both Metatrader 4 and Metatrader 5 trading platforms.
Detailed Forex Robot review
The presentation on the MQL5 product page is quite brief. We have a short description of how the EA functions, followed by a list of vendor recommendations. There is a long list of EA parameters, along with screenshots showing backtesting results.
Evgeniy Machok, the developer behind this EA, is a resident of Russia. There is little or no information on this person. We don’t know anything about their background, although it is mentioned in their MQL5 profile that they have been building trading systems for more than eight years. Apart from Silent Master, this developer has also created systems like South Night, SZ Scalper, Yellow Hedge, and Elemental EA.
This is a robot that places trades during the night when the market volatility is quite low. It is a set and forget system, which means no manual input is needed from the user’s end. For best results, you should sign up with a broker offering small spreads and fast order execution. The minimum deposit for this EA is only $100, which makes it suitable for beginners.
It is recommended that you run this EA on M5 charts for pairs like GBP/USD and EUR/USD. This robot has an AutoLot parameter that you can enable for automatic calculation of lot size based on account balance and the risk percentage of the deposit. Alternatively, you can set the lot size yourself. From the EA parameters, you can also modify the maximum drawdown and the values of take profit, stop loss, and trailing stop.
Silent Master strategy tests
Unfortunately, the vendor has not provided enough details on the trading strategy of the robot. We don’t know whether it trades with the trend or against it. It is unclear whether it is based on pure math logic or involves indicators.
This backtest was conducted from 2016 to 2020 using an every tick model. The EA used an initial deposit of $100 to conduct 1511 trades, winning 93.12% of them and generating a total profit of $3500.14. Apart from the impressive win rate, the EA also had an excellent profit factor of 3.12. The relative drawdown for the testing period was 18.27%. There were 202 maximum consecutive wins and 6 maximum consecutive losses.
Real account trading results
This live trading account on Myfxbook was launched on July 05, 2020. It was last updated on December 13, 2021. To date, the EA has conducted 328 trades through this account. It currently has a win rate of 80%, which is slightly less compared to the backtest, but still quite high relative to other trading systems. The daily and monthly gains for this account are 0.03% and 0.85%, respectively. However, the total profit is only $78.78.
This account has a high drawdown of 39.86%. Thus, it is clear that the robot follows a risky strategy. Compared to the backtest, the drawdown is much higher. The profit factor is a decent 1.08.
Here you can see the latest trades placed through this account. We can see that the robot steadily generates profits, albeit very slowly. It trades with a lot size of 0.14-0.15, keeping its trades open for only a few minutes and sometimes for a little over an hour. For each order, it generates small profits. The average win and loss for this account are 2.15 pips/$3.99 and -3.66 pips/-$14.95, respectively.
The current price of this Forex EA is $249, which is pretty close to the market average. There is a free demo version of the robot you can download for testing purposes. However, there is no money-back guarantee offer protecting your investment.
Unfortunately, there are no user reviews for this expert advisor on trusted third-party websites. We came across some reviews on MQL5, but there is no way we can verify their authenticity.
Silent Master is an EA sold by a vendor with zero reputation. We don’t have any background information on the developer and it is unclear what strategy this robot uses. It trades with a high level of drawdown, which means there is the risk of losing a large portion of your account.