The Vader Forex Robot software is advertised as “A professional expert adviser with remarkable new capabilities”. Over the course of the year, the software has raked in over $924,881; in the last month alone, it has raked in over $148,054. After analyzing these outcomes, I’ll give you my comprehensive assessment of this system and its creator. ForexRobotTrader.com was once based in Las Vegas, however since Don Steinitz passed away, it’s unclear who now controls this online site. There is currently no mention of Don’s death on the about us page, which continues to focus on his Forex journey. Create a ticket at forexrobottrader.kayako.com to get assistance.
Review of the Vader Forex Robot
This EA claims to use “daily Fibonacci levels to locate predictable Forex trades automatically” to help traders make more informed trading decisions. Using support and resistance, the Vader Forex Robot strategy is based. Trade huge moves and retracements by using trend shifts and Fibonacci levels to make money. Even though I don’t have all of the information I need from this explanation of trade logic, it’s better than nothing.
The FRT website’s clean design emphasizes the makers’ promise of simplicity. Despite the fact that they do an excellent job of portraying professionalism and simplicity of use, this does not necessarily mean the product is a success story. What does this mean? It suggests whoever has seized control of ForexRobotTrader.com is a savvy salesperson.
Vader Forex Robot EA Breakdown
- Type: Forex Robot
- Price: $149
- Strategy: Fibonacci
- Timeframe: Undisclosed
- Currency pairs include the Euro (EUR), the British Pound (£), the US Dollar (USD), the Euro (EUR), the Swiss Franc (CHF), and the Canadian Dollar (CAD).
The EA is designed to trade 20 different currency pairs, but it’s unclear on what timescale it does so. The robot is pre-programmed, therefore there is no need for the user to make any changes.
Analyzing ForexRobotTrader.com
It is impossible to fully comprehend the Vader Forex Robot unless you look into the minds behind it. I have a lot of questions regarding this robot creator at this stage. Founder Don Steinitz, whom I mentioned earlier, passed away. He was the guiding force behind the operation. Despite the fact that he has been replaced, the about us page still uses his tale as the only available information. This website was flipped and is currently owned by an internet marketer, according to my assumptions. This isn’t necessarily a bad thing if the marketer knows how to find and hire the correct people, but this isn’t the case for the majority of them. When it comes to financial products, I prefer to deal with those that are owned and operated by professional traders. ForexRobotTrader.com, on the other hand, no longer seems to be the case, in my opinion.
Vader Forex Robot Performance and Results
ForexRobotTrader.com’s trading results are always suspect, and the Vader Forex Robot is no exception. A monthly return of nearly 16,000 pips may be found in their trading statements. Despite being repeatedly urged to post these accounts on Myfxbook or FXStat, they continue to refuse.
Client Feedback
FRT and this particular EA have received negative comments from customers. FPA and other review sites have a huge number of negative reviews. Recent comments indicate that “Vader loses very effectively,” which is far from a recommendation of him. As a community, we’ve been unable to replicate the results that the developers have achieved, despite seeing them firsthand.
2021 Update
The Vader Forex Robot hasn’t seen any major updates in a long time. The product is still aggressively advertised in 2021, but there are no changes or advancements to speak of. Vendor results are HTML-based, and they have not been independently confirmed. They’re out of date, and I’m not confident in the outcome they provide.
The robot is running on a Myfxbook account that shows a loss of 100% and will crash in August 2020. Initially, this account had a decent equity curve, supported by a win rate of 88%. Negative trades were held open by the robot for a period of between 15 and 55 days. For some time, the software racked up victories of 6.5 pip or less, but the open orders eventually depleted all of the funds. This is a risky strategy, as many of the trades failed to close at the -102 pip threshold or did not use a stop loss. An aggressive trading approach or a series of errors resulted in deals losing more money than they should have. Monitor your open trades and make sure the floating drawdown isn’t too high in these scenarios. Trades must be closed manually or the robot must have a strong stop loss.
Conclusion
ForexRobotTrader.com and the Vader Forex Robot aren’t impressing me at this point in time. Since Don died away, I’d like to know who their chief trader is and when they’ll be able to provide confirmed results on the website. As soon as I can. If they want to be taken seriously, they need to do a lot more, and the best place to start is by answering some of the most pressing questions about their trading approach and outcomes. Whenever they feel the need to respond to our concerns, they are welcome to do so by leaving a remark here.
