WaveRunner Forex Robot was developed and marketed by the Forex Robot Trader team. EAs are created to assist and guide traders to navigate the perilous journey of trading. We aim to check if buying this EA is worth it? Read through our review to see what experts have to say about the Forex trading software
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides 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.
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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.
Wave Runner EA Review
Wave Runner Forex Robot was developed by forexrobottrader.com. Forex Robot Trader is a developer that offers both paid and free EAs since 2006. Forex Robot trader on their website lay claim to having more than 20 forex robots in their arsenal, with notable names such as Odin, Ganon, Vader, reaper, Falcon, and others.
How WaveRunner EA Works
In this section, we cover the strategy and methodology of the EA. 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: AUD/USD, EUR/AUD, CAD/JPY, EUR/CAD, EUR/CHF, EUR/USD, EUR/GBP, GBP/CAD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY.
With a time frame of M30, H1, H4
The sales page claims that the EA works with a special combination of zig-zag theory to find loads of automated pips.
One thing we extrapolated from the images on the website is that there is a huge learning curve for this EA.
WaveRunner EA Price
$49
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 on a third-party site as we have found that reviews on the official page might be manipulated, concocted, or paid for.
We could not find many reviews by customers who had used this EA before, at least not enough to form a conclusive decision.
Conclusion
Because of the lack of feedback, we couldn’t gauge the satisfaction of the customers. Although we won’t recommend this EA, it is reasonably priced and hence, consumers probably would not be taking much of an initial risk even if the EA cannot deliver the promised profitability.
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