Promoted as the winning FX advisor, Matalino Forex EA assures stable monthly profits without losses. This FX EA promises proven strategies that help you to win in Forex consistently. As an ATS this system works mainly on two currency pairs, namely EURUSD and the GBPUSD. It uses different indicator types including CCI and Bollinger bands. While the FX EA provides verified real account results, the performance is very poor. A high drawdown and high-risk approach are present which makes it forbidden to newbie traders.
What is Matalino Forex EA?
As an automated system, this EA assures a setup that leaves you free of hassles related to a constant optimization of the settings. The easy-to-install software can help you make profits quickly as per the developer. Other features that this ATS focuses on include a high safety level, which the developer claims are due to the advanced risk management method.
The GBPUSD and EURUSD currency pairs are the two pairs this FX EA works on using the 15 minutes time frame. There are no specific recommendations on the deposit, leverage, and brokerage account to use for this system.
Official Matalino Forex EA Website
The official site of this EA comprises a single page with Buy Now, Real Account, and Contact sections. While there is mention of the features, a few words about the strategy, the price, and real account trading results, we could not find info on the developer.
There is no separate About Us section, and no location address or phone contact is present. For customer support, an online contact form is the only option present. The lack of vendor transparency raises a red flag. It shows the EA is not a trustworthy product to use.
How Can We Use Matalino Forex EA?
As per the info on the site, this EA uses powerful automation that executes trades successfully with minimized risk and high profits. You need to install the software and run it with the EA taking over all the work according to the developer. This FX robot uses a win ratio of 3:1, which the developer claims is outstanding. While the promises are excessive, we find that there is no proof for the claims of such a high winning ratio.
Pricing & Refund
Different packages are on offer for traders wishing to purchase this FX EA. The silver package costs $99 and comes with one each of real and demo MT4 license. Other packages include the Platinum, which costs $249 and includes four real and four demo licenses, and the Gold package, which costs $149 and comes with 2 real and 2 demo licenses.
All three offers come with lifetime access, free updates, and 24/7 customer support. WhatsApp support is present for the Platinum package. When compared to the price of competitor EAs in the market, the price of the base pack looks affordable. A 30-day money-back assurance is present. The vendor also provides a paid trial offer of $7 for 7 days, which includes a demo license.
Regarding the trading approach, the developer does not clearly explain the strategy this EA uses. There is mention of indicators like CCI and market price movement which are used for making the trading profitable and safe. The lack of explanation of the approach is disappointing. No backtesting reports are present which is another downside in this EA.
A real USD account verified by the FXBlue site is present on the official site. Here is a screenshot of the trading statement and stats.
From the above trading details, a balance of $1.50 is present for the account that started trading on 19 May 2021 with a deposit of $5000. The account is running at a loss of $5,662.00 with a free margin of 1.50. A peal drawdown of 110.2% is present for this account with a profit factor of 0.49. The high drawdown and loss of the entire account indicate the strategy used is ineffective.
What Customers Say
No user feedback is present for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. We look for reviews on such third-party sites as they provide unbiased reviews about the performance, support, and other crucial aspects of the system. The absence of user testimonials indicates this is not a popular MT4 tool among traders.
Summary: Is Matalino Forex EA a Trustworthy EA?Matalino Forex EA
Trading Results2/5 Bad
- Fully automated trading
- 30-day Money-Back assurance
- The strategy is not explained
- Bad trading results
- Lack of vendor transparency