Vader Forex Robot Review

Dec 2, 2021 06:39 PM ET
Vader Forex Robot Review

Vader Forex Robot analyzes the markets based on the movements from the middle zone. It sets an automatic stop loss and take profit using an intelligent distance algorithm. The developer claims that the product has over 1000 daily users. To see if it is profitable, we will analyze the system in our Vader Forex Robot review.

Traders can see the product on the developers' website, where all the information is listed under a single web page. The author tries to explain the robot efficiently.

Vader Forex Robot Strategy

Type

Fully-automated EA

Price

$79

Strategy

Price action 

Compatible Platforms

MetaTrader 4

Currency Pairs

N/A

Timeframe

N/A

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

N/A

Trading strategy explanation

The developer states that the algorithm uses an advanced Fibonacci strategy on 20 different pairs. It trades the price as it moves away from the middle zone. It places a stop loss and take profit based on the intelligent distance algorithm. From the records on Myfxbook, we can see that the history of the trading is hidden. From the separation between equity and balance curve we can deduce that there is some sort of martingale or averaging in use.

Trading curve.

How does the EA work?

Traders can install the robot in the following steps:

  1. Purchase the system from the developer on the website

  2. Provide your account number and attach the system onto the charts to start trading

Features

The robot has the following features:

  • It has a hidden stop loss and take profit.

  • There is a money management system in use.

  • The robot can show the potential entry points.

  • The system can run in full automatic mode.

Customer reviews are available for the company on Forex Peace Army, where they have a total point of 2.262 for 270 pieces of feedback. One of the customers says that the Vader program does not work at all. He says that the records shared on the website are fake.

Customer review.

Backtest data analysis

Backtesting results are not available for the product, which leads us to believe that the robot fails on historical data. This is a poor approach from the company. We can not trust it to work in the future if there are no proper performance records present.

Live trading data analysis

We have live records present on Myfxbook. The performance records are from January 15, 2015, till July 22, 2015. 

The system made an average monthly gain of around 4.40%, with a drawdown of 7.4%. The winning rate stood at 71%, with a profit factor of 1.85. The best and worst trades are hidden, which raises further concerns about the system. 

The records are available for a short duration and are quite old. We can not say that the product will perform similarly in the current market conditions.

Live records.

Vader Forex Robot Strategy

MQL 5 Account

Real (GBP), FXCM

Started

January 15, 2015

Deposit

N/A

Balance

N/A

Gain

22.22%

Daily

0.01%

Monthly

4.4%%

Drawdown

7.4%

Profitability

1.85

Vendor transparency

Don Steinitz is the author of the product, who started out at the age of 18. He moved to Las Vegas and began working with his father, who owned a CPA firm. Afterward, he spends thousands of hours trading, looking for the holy grail. Now he has teamed up with many programmers to produce the trading algorithm. He states that all the future upgrades for the algorithms are provided free of charge.

Review summary

Pros

  • Live records on Myfxbook

Cons

  • There is not enough transparency on the strategy

  • No backtesting records

  • It may use grid and martingale

There is not enough transparency on the systems backtesting and live records which leads us to believe that it may not work on a live account in the current market conditions.

Rating: 5/10


Don't miss: The Best Forex Robots in 2021

Best Forex Robots

Best Forex Brokers