Vortex Trader PRO EA Review - Is it scam or great trading strategy?
Vortex Trader PRO automated system attracted our attention as one of the very popular trading systems around myfxbook, which can't be followed right via the site's Autotrader service. We found this to be odd and opted to inquire into the system.
Strategy
The trading strategy supporting Vortex Trader PRO is not described in details from the developers. They do mention it isn't a scalper, martingale nor grid-based system. Our analysis of the current trading history indicates the system closes profitable trades fairly fast, while winners are allowed to run further. That is contrary to classic trading wisdom, which compels you need to do precisely the opposite.
The stop-loss level seems to be put at 110 pips for many trades, while the profitable trades are closed much sooner. The first take-profit level is set at 20 pips, with a vast majority of trades being closed sooner.
From a purely intuitive standpoint this sort of system should go bankrupt rather quickly. But if you are able to register a lot more winning trades than winners, things can work out. This is definitely the most unique portion of the system you will find lots ow inning transactions, although a number of them barely pay the spreads.
Historical Performance
Vortex Trading Pro was listed on myfxbook because April 2013, while now being traded on a live account with Synergy FX. Returns that were astonishing have been gained by the machine. That said that the system has suffered since October 2015.
The key to Vortex Trader PRO's success is the large number of profitable trades -- 89%. This is normal for some scalpers, or grid systems, which eventually go bust every time a large market move occurs. This system does not appear to be one of those types of EAs particularly, but nevertheless feels risky.
Vortex Trader PRO's proceeds utilized to raise fairly smoothly up to October of 2015, as indicated by the graph below.
Vortex Trader Pro gain
Drawdown is mediocre, with the highest being 27.67%. That said it has systematically stayed at greater degrees since 2015.
Vortex Trader Guru drawdown
The typical pips per trade will be 4.74, which will be above our minimum recommendation of 3 pips. That having been said, since the machine often closes winning trades prematurely, slippage could turn around the results pretty fast.
We have to mention, Improvements have been created with this program, which may slightly alter some of the stats at myfxbook. Also keep in mindthat past performance doesn't guarantee future outcomes.
Pricing
As we mentioned in the beginning of the review, this system cannot be followed at myfxbook. The website that's selling it feels fairly much like the ever-popular scamming sites. On the other hand, the results at myfxbook have been verified, which compels us to believe the deal is legitimate.
Bottom Line
We would not suggest investing in this program, at this point in time. From a just results-based standpoint, it has fought since 2015. Further more its whole concept feels very risky, even though it has been employed before. Perhaps if the programmers were a little more open about their strategy, they would have gained greater credibility.
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