In today’s post, we review the Swing VIP EA, a forex robot developed by Sinryadvice. They are a vendor who sells forex robots, and Swing VIP is among their top EA. They claim to be the most downloaded EA in 2020.

Therefore, we delve into this EA to check if these claims hold any truth. More so, we analyze the performance statistics, strategies, and user reviews. Finally, we tell you if this EA is worth investing in.

What is Swing VIP EA?

This is a fully automated forex robot. The owners claim it is the first forex EA that is based on price action. The leading line on their website is ” Steady profit in your trading with the most trusted and downloaded tool in 2020 that generate 76% win rate. “

Notable Features

• First EA based on Price action and trend strategy
• 5 pairs at the same time
• Low Drawdown – Below 25%
• 3 years of testing
• Easy to use as the default setting
• Open and Close trade Automatically 
• Analysis of market data in all aspects  
• 2 Account license keys – 1 demo and 1 real
• 1 Time payment – Lifetime with Free updates 
• 100% refund if not profitable. 
• No martingale strategy 

Swing VIP EA Strategy

The owners of this EA say it is the smartest forex robot they have in their arsenal. The EA uses a set of strategies to try and achieve profitability. The methods it uses include price action, CCI, PPO, and trend. It also makes use of other basic market indicators. It goes ahead to utilize this information to place trades.

With these strategies, the EA can trade up to 5 currency pairs. Orders are opened and closed automatically without user intervention. The main strategy used is Price action and Trend.

Swing VIP EA Recommended Settings

Sinryadvice have provided settings that they recommend to users:

• Run it on this currency pairs : AUDCAD, GBPUSD, EURUSD, NZDCAD, USDCAD pairs 
• Works with 1 min time frame on your MT4. 
• Ensure the Auto trading option on your MT4 is on.
• Use VPS for with good network latency
• For every $1000 fund use 0.01 lot size for below 20% drawdown. (Ex: If $2000 fund size lot will be 0.02)Please Note that EA is Smart and it opens several trades, you might see trades going to minus, don’t panic that is how EA works and it will close them in profit or minimum loss. 
• Start with $500 for each 0.01 lot size, also expect around 35% drawdown.
• Account Leverage must be Above 1:100

The creators have also gone ahead and recommended the broker traders should use. The broker is known as Opoforex. They are preferred due to their server speed and low fees.

More so, the developers advocate traders to use their setting with a demo account for the first 14 days. They promise to refund your money if the demo account is not profitable. Otherwise, they suggest that you transfer these setting to your live account.

Now lets look at some stats!

Swing VIP EA: Performance stats

The creators have not supplied any backtests. However, they have provided a link to their Real-live trading account on Myfxbook. We are pleased that it is verified and updated.

For the first 4 months of 2021, the EA has traded in positive territory. The average monthly return stands just under 8%. The drawdown stands at 17%, which is not bad. The profit is at $14,550 against a deposit of $12,101. The EA won 725 out of 1092 trades representing 66% of the total trades.

These are all encouraging results. However, we noted that this account did not use the broker they recommend. Moreover, The win rate for the real account is 10% points lower than the promised 76% win rate.

The EA has carried out 1159 trades in total. The robot won 770 of the total trades representing a win rate of 66%.

The profit factor is 2.17 which is certainly viable. The average trade length is 2 days.

Swing VIP EA: User Experience

The developers have furnished the public with reviews on their site. The site flags traders who have written reviews as verified buyers. However, we cannot certify this information.

All “verified buyers” are giving reviews with terms as “great” and “legit”. Moreover, all buyers have rated this EA a perfect 5 stars.

At this point, as is our norm, we checked for 3rd party verifiable reviews. However, we did not find any. This is quite a concern and dents our confidence in this EA.

Pricing

The price for this EA is $98, which we consider a good price point. The creators also offer a 14-day money-back guarantee.

Transparency

The vendor for this forex robot is Sinryadvice, a fairly new entrant into the forex robot markets. We do not know the team behind this vendor.

Sinryadvice provides contact channels, email: sales@sinryadvice.com and phone +90536316029.

Claims Evaluation

The website claims that once you purchase this bot, you are guaranteed 16% to 30% profit monthly. However, from the Live trading results, this is far from true. The EA only averages 7% monthly growth.

Additionally, the website claims that the EA is able to trade with a 76% win rate. From the stats we have seen, the best win rate this EA has achieved is 66%. This claim is also false.

Finally, the developers claim that this EA is priced at 62% than other robots in the market. At $98, this robot is inexpensive. However, we are not sure about the 62% bit.

Our Final Thoughts

This EA certainly presents a good case for itself. The website is properly done and strategies well articulated. Moreover, the results on real live are positive.

So, is this a swing to profitability or to losses? We reckon this EA deserves a chance. We mostly recommend this for seasoned traders. This until it builds up enough community trust.

If you have any experience with this robot, please leave a comment below.