Swing VIP trading robot trades based on price action and trend. The algorithm opens and closes trades automatically and does not use martingale strategies. According to the developer, there is an expected monthly profit of 15% to 30%. We will verify these claims and see if the system’s drawdown is manageable with its trading methodology.
The developer makes many promises about the product’s performance and provides live records for analysis. We decided to look for ourselves and see how it has been trading since its inception on April 25, 2021.
What is behind the Swing VIP?
SinryAdvice is the company behind the production of the algorithm. They claim to have headquarters in Malaysia and a technical team in India. There is no listing of their trading experience and any CVs that could verify their achievements in the financial markets.
How it works
The robot works only on the MT4 platform:
- For efficient performance, traders have to place the ex4 file within the MT4 experts’ folder
- Enable the auto trading option with the software
- Place it on the charts to start trading
The robot has the following key features:
- It offers a 30% return in a month
- The minimum balance to use the robot is $500
- The leverage requirement is 1:100
- There is no implementation of a risky martingale strategy
The developer states that the robot does not use martingale strategy and can run on five currency pairs:AUDCAD, GBPUSD, EURUSD, NZDCAD, and USDCAD. It trades using price action and trend using the CCI, PPO, and other indicators. Traders have to attach it to the one-minute chart for trading. From the history on the Myfxbook records, we can observe the use of a grid with an average trade duration of 1 day.
The developer does not provide us with the backtesting records. There is no reason presented for the following act.
The algorithm can be bought for an asking price of $145. There is a 14-day money-back guarantee if the system is not profitable. Traders will have to email the company to file a refund.
Trading performance of Swing VIP
Live trading results are available on Myfxbook. We have a performance from April 25, 2021, till the current date. The system made an average monthly gain of 5.76 %, with a drawdown of 18.07%.
The winning rate stood at 69%, with a profit factor of 1.48. The best trade was $1748.6, while the worst was -$3690.55 within 1350 trades.
The developer trades with a real account with a deposit of $100,000. The current balance of the system is $153760.71, with a total gain of 54.57%.
Customer support is only available by submitting an email or using social media contacts. The response time is 24 hours.
SinryAdvice has two reviews present on the Forex Peace Army platform. One of the traders said that the company was not willing to refund after he filed for it. They are not ready to meet customers at their office, which is quite fishy. There are no investor accounts to monitor the EA movements.