VantagePointX (Vintagepointx.com) is an EA, with an undisclosed team behind it. It is MT4 compatible, the claims their algorithm is powered by a powerful algorithm.
Today we will be reviewing Forex Robotron to ascertain if the service this vendor is offering is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
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What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some 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.
VantagePointX EA Review
The developers and their location is not provided, this does not speak well of the EA. According to the team Behind the EA, their algorithm is powered by artificial intelligence.
On opening the website, we found it to be professionally designed. The site claims that it is one of the Best EAs around. It highlighted its reliability, trade frequency and Ease to Use as its main selling points. They also claim that their EA provides 89 % accuracy and 200 % profit factor and a 15 % maximum drawdown.
How VantagePointX Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works on multiple currency pairs: EUR/USD
VantagePointX doesn’t provide an in-depth explanation or insight as to how their strategy works. The sales page claims that the EA uses a scalping strategy that utilizes artificial intelligence, along with intermarket analysis and advanced forecast. It uses indicators that rely on past price action.
The team behind this EA also claims that their accuracy level is 86%.
VantagePointX EA Price
According to the sales page, this EA is available in three packages. The basic package for 3 months for $250, Yearly licence for $500 and a lifetime licence for $1000.
Customer Support
They provide a contact form for any communication.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come a decisive conclusion about this particular EA. But the few we came upon were negative.
Conclusion
After going through all aspects of this EA, we are not satisfied with gaps between what it promises and what it delivers.
Due to lack of feedback we couldn’t gauge the overall satisfaction of the customers.
This EA although not on the high side, is very vague about an important part of its operation, its strategy. And as such we won’t be recommending the use today as we aren’t sure of its efficiency for that price range
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
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2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee