Money Pile EA Review ($899 Bot?)

Money Pile EA is a new automated trading program that promises to be the “world’s best robot.” They believe that 95% of all traders lose their money in the Forex market, because of the lack of education, or not having access to a consistent Forex system or strategy. According to the sales page, their expert advisor is that consistent system that is going to make their clients part of the 5% traders that are winning their trades.

The vendor provides no information about their identity, trading history or location, but we did find some of the details during our WHOIS search. The creator of the software is Matar Saad, located at Shop No. 571/152 Shop No. 571/152, Salalah, Dhofar, Oman. Saad has no real reputation in the Forex marketplace, and we aren’t sure how active he is with this project in recent times, as the last Facebook update came over a year ago.

To get in touch with support traders can fill out a contact form on the website, or email lifechangerea@gmail.com directly.

Money Pile EA Review

Our first impression of the Money Pile EA isn’t positive. The website is designed poorly, with stretched images, bad formatting errors and overall lack of professionalism that we tend to avoid when signing up with investment opportunities.

One of the main advantages of their service is that they offer a two-week free trial. This trial can be utilized on any type of trading account, which is very rare and not something we see offered regularly in the Forex marketplace.

Will this qualify them for the best Forex robot ranking table? Read the rest of the review to find out.

Account Management

In addition to the Money Pile EA, the vendor also offers a Forex managed account service. The purpose of the service is to have your funds personally handle by Saad and his “group of professional traders.” The issue with this concept, is the fact that Saad has no real reputation in the Forex marketplace, and does not introduce us to any of the other professional traders. Without having a trusted group of proven Forex traders, there is no way that anyone could consider this managed account service.

Now, let’s get back to our review of the expert advisor.

Strategy

The developers tell us that the Money Pile EA “is based on a multi-timeframe analysis formula” that uses advanced algorithmic math equations to trade currencies. They tell us that the same methods are frequently used by Forex professionals that large institutions to take advantage of the market. The system has specific rules, corrections and can trade in both ranging and trending market conditions.

This is all in trading, but none of the information provided by the vendor is detailed or specific. The majority of what is provided use fluff, and poorly worded will makes for a confusing presentation and not one that breeds much in terms of confidence.

Detail is always important, as you can see in our recent reviews of Forex Gump, FX Robot Go and Forex Hercules.

EA Analysis

• Type: Forex Robot
• Price: $899-$9999
• Strategy: Multi-timeframe will
• Timeframe: M30
• Minimum Deposit: $1500
• Pairs: Any (but EURUSD is best)

The Money Pile Robot is priced much higher than we would have ever expected, with the lowest price coming in at $899 for a single license. For 2 licenses it costs $1299, for unlimited licenses $5999 and for the complete master code $9999. It’s hard to believe that the vendor has sold any copies of the software considering how expensive it is, in conjunction with how poorly put together the website is.

It’s hard to imagine someone would spend $899 for something this unprofessional.

Trading Results

The vendor provides a bunch of different back tests, but no verified trading results via Myfxbook or FX Blue. It is no real surprise that this vendor isn’t giving us what we require in order to make a purposeful decision on their trading program, because it is in line with the rest of their sales page.

The vendor needs to be much more transparent and provide verified trading results if they want to compete in this market. There are trading robots going for $600 less that meet all of our requirements.

Conclusion

We see no reason for anyone to purchase the Money Pile EA, and we honestly be shocked if anyone purchased the software up to this point. There are no verified trading results, no real strategy insight, and an overall lack of professionalism that would simply scare any mildly intelligent investor away from this service.

If you have anything you would like to add to the review, please leave your questions and remarks below the article now.