Sinry Advice is a vendor of automated and semi automated trading software that claims 60% above profitability. Their popular Swing VIP EA is purported to be the first Forex robot that is based on price action. Allegedly, the Swing VIP expert advisor and their Forex MG Pro EA guarantees ”steady profit in your trading” even during the US election.
The Swing VIP EA is currently sold at a one time price of $98 and works on 5 currency pairs on 5 minutes chart.
Does “Sinry” of Sinry Advice company has solid trading performance to back his claims? Or is he selling Forex software because that’s the only way he can make money?
This Sinry Advice review will let you know whether their trading system is viable or not. Our analysis of the trading system has already revealed so much
Sinry Advice Review
Promotion materials claim that the physical address of this firm can be found at 27 Old Gloucester Street, London, WC1N 3AX. The vendor claims to be group of Forex trading experts, analysts and programmers. We take these statements with a pinch of salt since they failed to introduce us to any known personality.
Since they claim that their company “is an award winner company for top performance software from E-Com Builders Academy in 2020”, we’d like to know more about this E-Com Builders Academy because clearly there is no information about this academy and when they started issuing awards to trading institutions.
At the very least, one should search for reviews before purchasing a Forex service, no matter what claims are made about its success.
Swing VIP EA
Swing VIP is an automated trading software that claims to offer 76% accuracy. Allegedly, with the Swing VIP EA, you will make 16%-30% profits monthly. The Swing VIP auto trading robot costs about $98 and it is said to be one of the smartest by the Sinry Advice team.
The robot will work on 5 forex pairs on 5 min time frame and it promises to open and close trades in profit automatically. Features of the Swing VIP EA are as follows:
- First Ea base on Price action and trend strategy
- Live Result in myfxbook.com
- 5 pairs at same time
- Low Drawdown
- 3 years on testing ( Recently decided to sale for public)
- 2 Account license keys – 1 demo and 1 real
- 1 Time payment – Life time with Free updates
- 100% refund if not profitable.
- No martingale strategy
Swing VIP Robot is primarily a Price action and trend expert advisor. However, it is programmed with combination of some basic indicators and market parameters to analyse and execute trade.
Only traders with the proper setup and the right tools are successful; the best Forex robots help you to trade with more accuracy and confidence!
Swing VIP has provided their myfxbook account for our analysis. It is named Swing VIP EA sinry advice and it is hosted by LiteForex brokerage. This myfxbook account has a +43.72% gain spanning between 14th September, 2020 and 9th November, 2020. Draw down is 44.04%. This account have suffered a lot of losses that dipped the equity growth below the zero margin. In November 09, it suffered a huge drawdown that placed the equity growth at -19.57%. Average monthly returns have always been below the 40% line, which means Swing VIP EA is taking a lot of unnecessary risks, hence the huge draw down.
There’s also another myfxbook account provided by the vendor. You can view it here but please take note that results are being manipulated to give the impression that account is growing.
Forex robots are getting a lot of hype of late and Forex robot scams are not far behind. They back up the legitimacy of these robots with tremendous profits and lull the trader into a false sense of security only to end up broke.
We definitely can’t recommend a Forex robot like Swing VIP EA for the obvious reasons: high draw down, lack of money management and deceitfulness from the vendor.
If the vendor is actually an award winning Fintech company, they should provide a link to a an independent page where such can be verified.
Thanks for reading the Swing VIP EA review. We look forward to your feedback.