The Vader Forex Robot is one of several scam trading solutions from Forex Robot Trader. As usual, the presentation includes a picture of the totem creature. The main claim is that Vader is “the unstoppable.” We’ll be surprised how many people they scammed by other FRT’s presentations.
Is Investing in Vader Forex Robot a Good Decision?
Of course, not. Forex Robot Trader is a well-known scam EA producer. Everything they do is not profitable at all.
Company Profile
The main page informs us that Odin has made +190,960 so far. It’s a lie because these results aren’t verified. According to the site “© Copyright 2006-2021 Forex Robot Trader. All Rights Reserved” they have been working since 2006. There’s no additional information provided.
Main Features
The robot has little features:
- The robot provides completely hands-off trading.
- The EA also performs a Price Action strategy based on noticing overbought and oversold positions.
- The system is used by over 1000 daily users.
- The settings are optimized for trading over twenty pairs.
- Vader Forex Robot is easy to install. We have to drag and drop it on the chart.
- We can start trading without having previous Forex experience.
- The money-management system keeps Stop Loss and Take Profit levels from the broker.
- It allows putting human emotions aside from trading.
- We are free to use other robots on the same account.
- The system puts guesswork aside from trading.
- It has a trend shift detection feature.
- It works 24/5 for us.
There are Helpful Stats. From it, we know that the average trade size is big, the average trade length is medium (several hours), and the number of monthly pips is in the middle. The main strategy is around Fibonacci retracement levels.
Price
The robot costs only $99. The price includes -50% OFF. The package includes updates, upgrades. We don’t know whether updates are free or not. You have to ask support about this.
For completing purchases, we have to provide them with our card data. We don’t know if it is safely secured . The vendor provides no refund policy.
Unverified Trading Results
The developers provided only screenshots and the spreadsheet above. If we’re going to talk about the screenshots, first, we notice the robot’s status is Analyzing, not Executing trades or how it’s named. Anyway, if the developer hides myfxbook or fxblue-verified trading results. It’s the first call that something goes wrong.
We’ve got this part of the “report.” There’s an account with $20.8 million on balance. Can you imagine this account and the fact that the developers sell the EA for $99? Everything doesn’t match. The Gross Profit is $182k. The maximum drawdown is only $550 (0.00%). The robot closed 1683 trades with 87% of the win-rate on the Short direction and 90.5% of the win-rate on the Long direction. The win-streak is nine deals. An average win is $122.04 when an average loss is -$81.62.
People feedback
The robot has many positive testimonials on the site from no-name people around the world.
As we can see, the Forex Robot Trader company has a profile on Forex Peace Army with a 2.2 rate based on 269 testimonials.
Using their products, the clients can’t repeat these profitable deals even following the instructions and switching brokers.
We’re quite surprised why people buy these EAs from FRT after seeing all these negative comments.
Summing Up
- Strategy – score (2/10)
- Functionality & Features – score (2/10)
- Trading Results – score (2/10)
- Reliability – score (2/10)
- Pricing – score (2/10)
Conclusion
Vader Forex Robot is a scam, as we mentioned. There’s nothing to talk about. We haven’t seen indicators’ explanations that are used in a strategy performance, settings explanations, money-management advice, backtest reports, trading results, refund policy. There are many negative reviews written for many years on Forex Peace Army.
