Vader Forex Robot claims to be a powerful, intelligent, and accurate trading system with more than 1000 daily users. The vendor claims that this EA handles all the aspects of Forex trading using an advanced strategy. However, before reaching a final verdict, we must look into what this system offers and find out whether it manages to fulfill its promises.
On the official website, we can find information related to the trading logic, benefits, and features of this system. There is an FAQ section where the vendor has shared the answers to some commonly asked questions. We have several screenshots showing profitable trades, but they don’t seem to be from a verified source. The vendor has also shared the monthly trading results in tabular format.
Vader Forex Robot is a product from a company known as Forex Robot Trader. This company is the brainchild of one Don Steinitz, who is an American citizen based in Las Vegas. We don’t know anything about the development team he works with and there is no official email or physical address shared on the website. Other expert advisors from this developer include Odin, Ganon, Reaper, Falcor, Directional, and Pterodactyl. Looking at the unprofessional presentation and the lack of vendor transparency, we don’t think we can expect too much from this system.
The current price of this Forex robot is $79. There is a 60% discount being offered right now and the original price is $199. It seems the vendor does not offer a money-back guarantee for this EA and this means they are not ready to stand behind their promises. This is a tell-tale sign of a scam.
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Vader Forex Robot is a fully automated trading system that has default optimized settings and is compatible with the Metatrader 4 platform. It trades in more than 20 pairs and has a drag and drop interface. You can load the EA on multiple charts to enhance market coverage.
This EA hides your take profit and stop loss levels to prevent brokers from stopping hunting. It calculates the lot size automatically from the equity. You can use micro, mini, and standard accounts with this robot. The vendor recommends using the system with the Reaper and Ganon robots.
Vader Forex Robots locates major trades by using daily Fibonacci levels as chart thresholds. It finds support and resistance levels and turns them into entry and exit thresholds. To determine the direction of price change, it uses a trend signaling technique. For the automatic setting of take profit and stop loss levels, it uses a distance algorithm based on momentum and threshold.
Serious Forex traders usually look for trading results that are verified by reliable sources like Myfxbook, FXBlue, and FXStats. For this robot, the vendor has shared the results in tabular format. This is not the correct way to share trading statistics. Trading results should always be accompanied by a growth chart. Furthermore, they should reveal key performance parameters like win rate, drawdown, profit factor, etc.
It is highly likely that the vendor has manipulated the results to make them look profitable. Also, they haven’t published the results post January 2021. Without verified statistics, there is no way we can consider Vader Forex Robot a reliable system.
Unfortunately, backtesting results are not available for this Forex EA. The vendor has not deemed it necessary to test the automated strategy using historical data. Historical test results are important since they reveal the long-term performance of the robot. Without them, most traders would not feel confident about purchasing this EA.
We came across several user reviews for this expert advisor on Trustpilot. In one of them, the customer claims that the robot performed poorly for both US and non-US brokers. Apparently, the support team refused to share the set files with them.