In this review, we prove that Wise EA by MAKA Assistant does not qualify for the best Forex robot status.
Wise EA Review
Wise EA is presented as the safest Forex auto robot designed to keep the initial balance 100% safe and also tries to have steady growth on each day.
To start, you have to pay $228.90 to purchase a license for the Forex robot that works on multiple currency pairs at the same time with auto management and fixed lot size.
The recommended currency pairs include EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY, and USDCHF. You are expected to make a 15-23% monthly gain per currency pair.
Wise EA Strategy
Wise EA strategy is made up of a combination of indicators and 4 other in-built parameters, which helps the accuracy of the EA.
They want us to know that the EA needs confirmations from 2 different indicators which you’ll receive when you purchase the EA.
Wise EA also claims that its strategy focuses on market trends to determine prices of the Forex market.
MAKA Assistant feel that their robot can guarantee the safety of your trading balance. However, in our opinion, unless we see a proof on a live trading account, their assertion remains not valid.
So the assertion that Wise EA is the safest trading robot remains not valid until we see a verified trading result from a third-party statement-sharing platform like myfxbook.com and FXBlue.
- Wise EA is a Forex robot designed for the priority of your balance
- It works with a combination of indicators, market trends, and in-built parameters.
- Recommended pairs include EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY, and USDCHF.
- Recommended timeframe is M15.
The vendor recommends a broker with low fees, low swap, and also a high-speed server. Because of these, they encourage you to use their partner broker called Opoforex. Recommended leverage is 1:100 and the minimum deposit requirement is $1000.
Backtesting report screenshots were presented but it does not mean anything now. Currently, backtesting results are not a genuine test of performance.
Wise EA Trading Results
Wise EA has 2 myfxbook.com accounts where they show their performance to investors who want a sneak peek of the same.
These accounts were hosted on the OpoForex MetaTrader 4 platform. Both are real and verified accounts.
It’s important to note that these accounts were started just 2 months ago in September 2021.
In order to qualify for the best Forex EA status, a Forex robot needs to show performance for at least 6 trading months.
When we find a Forex robot presented with short performance results like this, we feel very discouraged.
As it stands, there is no basis to conclude that the Wise EA is safe let alone profitable for your account.
The results samples are few, we need to see the robot’s performance in more price volatility to come.
There is no way we can believe that this robot can guarantee safety and profitability when it has not yet tested the sands of time.
It appears that the vendor wants to make money in a short time which is why they’re marketing the robot even with few result samples.
With that in mind, we can’t figure out any reason why we should recommend Wise EA at the moment.