Vader Forex Robot Review: this is the name of a Forex Expert Advisor or an auto-trading robot that is produced by Forexrobottrader.com. Is the robot a scam?
What Are Forex Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
The Forex EA is said to be “unstoppable” on the website. It is claimed that it defines what it means to “trade viciously”. Many incredible features are said to come with it. Vader Forex Robot is paraded in these words: “powerful, intelligent, and highly accurate”.
They also state that it gives an unmatched performance with proof from its performance over the years. Trading is also completely automatic and traders can take their hands off the robot. Impressive numbers are published on the page to entice clients. The vendors are popular in the Forex market as well, lending the product some degree of legitimacy.
How Vader Forex Robot Works
We are told that Vader Forex Robot uses daily Fibonacci levels as chart thresholds to find big trades. Slicing charts into tiny pieces to discover predictable trades. It runs some brand new software called Gryphon Trading Engine 3 that comes with more than 30 new features, upgrades, and enhancements.
There are also Overbought/Oversold Re-entries. This feature allows for trading prices as it moves away from the middle zone and when it comes back. A default optimized setting for 20+ pairs is available and needs no adjustments. Charts can be downloaded, dragged and dropped for the robot to take over it. This shows ease of use.
Trend shift detection is another of its ability and it combines this with its Fibonacci thresholds. Automatic SL and TP levels are set using an intelligent distance algorithm based on thresholds and momentum.
Vader Forex Robot Pricing Structure
At the moment, traders are offered a 50% discount and the Vader Forex Robot EA now costs $99 as against $199.
On the page we find positive reviews, however, we have come to distrust these kind of reviews. We prefer them on third-party websites. When we checked FPA, most of the reviews are negative especially the recent ones. This is discouraging and makes the image of the company look bad.
Also in the matter of results, many are published on the website but not on verifiable third-party websites. This is another red flag and we do not find it encouraging.
To get access to the customer help service, clients are to subscribe to the Newsletter and get regular information.
The Vader Forex Robot price is competitive to some extent and provides some details about what strategy it uses. Negative reviews spoil the image of the vendors. Lack of verified results is also another red flag.