SFI Indicator is a Forex signal that promises to generate steady profits and up to 79% win rates for the user. It is alleged that the software has been downloaded 2109 times making it the most downloaded FX indicator in 2020. The vendor believes that the SFI indicator will make trading for users simple like many of its other trading tools.
This system was built by Sinry Advice Worldwide, a company situated in Malaysia. The firm has 18 employees comprising FX traders and developers who mainly focus on creating EAs and custom trading indicators for the MT4. Some of their other products are Scalp Pro Indicator, Swing VIP, Trend Reversal EA, and Forex Mega Trade among others.
The SinryAdvice team is spread out in different countries across the world including Malaysia, India, Turkey, and the United Kingdom. The vendor has made an effort to reveal the job descriptions of some of the professionals it works with. However, they should have at least indicated the specific names, accomplishments and experiences of the team leaders.
The indicator has been in the market since 2020. The developers have praised it very much citing that it can even begin profiting users as early as one month. However, we are skeptical about this system’s efficiency. Therefore, our review seeks to establish if it is indeed profitable by assessing its different features. We will especially pay more attention to its trading strategy and performance.
What is behind the SFI Indicator?
As stated earlier, the SFI indicator provides trading signals. It usually achieves this by forecasting changes in price on the currency market. According to the vendor, SFI is a file that will require you to install it on your MT4 platform. Once set up, it can start helping you to decide when to enter and exit a market.
- Easy to use
- Can be applied on all Forex pairs
- Works on MT4 only
- A free installation and setup tutorial video is provided
- Works on all time frames but the recommended time frames are 5M, 15M and 30M
- Its signals are not repaints
- Free updates are available
- Requires a one-time payment
- Provides mobile notification
- Traders are advised not to trade on volatile market days
The system usually analyzes the user’s trading chart and market trend to get trading signals. It then shows the time a trade opens and closes which assists the trader to place an order successfully. The end goal is to attain more win-rates than losses.
There are no backtest results. The importance of this data cannot be overemphasized. It helps traders to gauge the workability of a given trading strategy and can hence check if the same results can be attained as achieved in the past. Since it is missing, traders may hesitate purchasing the product.
The vendor is currently selling this indicator at $48. It was previously sold at $80. A 14-day money-back guarantee is provided. However, you will not receive a refund if 2 weeks have passed since you bought the system unless it is faulty.
Trading performance of SFI Indicator
A screenshot of the indicator’s live trading results has been posted on its official website but the link to these stats has not been made available. We suspect that this data is not authentic. This is because we searched myfxbook.com for similar results but could not find them. Anyway, we have highlighted and analyzed the available trading metrics on the picture.
We can see here that the account was activated on April 28, 2020 but it is unclear when it was last updated. With a deposit of $2493.62, the indicator made a profit of $1732.35. The gain was 178.22%. The balance stood at $2225.97 after $2000 was withdrawn. The daily and monthly profits were 1.24% and 44.64% respectively. The drawdown of 6.72% was small.
Unfortunately, we could not determine other vital trading metrics such as the profit factor, number of trades performed, win-rates, lots traded etc.
Customer support is provided. If you have any questions regarding the service offered by the vendor, you are welcomed to email them at [email protected] or [email protected]. You can also call or Whatsapp them at +90 53-6331 6029. The firm has availed various social media pages that you can use to contact them as well. They promise to get back to you in less than 24 hours. Nonetheless, the support team has not indicated if they are available to respond to customers throughout or if their services are limited to certain time periods.
Screenshots of customer reviews for this software on the company’s Facebook page have been displayed on this system’s official website. All of these testimonials are positive. We did not place much weight on them because we highly suspect that they may have been fabricated by the vendor. Unfortunately, we could not find people’s feedback on other popular FX review websites.