Is Waverunner Forex Robot reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Waverunner Forex Robot
Waverunner Forex Robot is a forex robot available on vendor website. Forex Robot Trader (FTR) is the company behind this system. It is an automatic trading robot that opens and closes orders.
According to the vendor, the system price is $49 with a -75% discount.
Waverunner Forex Robot claims to give advantage in the financial market with its expert strategy. Here, SL level is 60 pips on average and TP level is 150 pips on average.
Waverunner Forex Robot: Reasons to Avoid this Expert Advisor
Firstly, Waverunner Forex Robot is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are many customer reviews on third party website — Forex Peace Army of which they all sound unsatisfied about the system.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
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
Waverunner Forex Robot Trading Strategy
Waverunner Forex Robot operates on the Elliott Waves theory. “Elliott’s main discovery was that market behavior could be identified and measured through a repeating eight wave sequence, consisting of 5 waves that he called “impulsive,” followed by a 3-wave “corrective” sequence. Impulse waves are labeled numerically 1 through 5, corrective waves are labeled A, B and C.”
As for the currency pair, it operates on all currency pairs and M30, H1, and H4 time frames.
Waverunner Forex Robot Trading Results
The vendor failed to provide backtesting results for us to be able to estimate the system’s potential profits and losses based on past performance data. Another red flag is that there is no stat for Volatility Forex Robot on third party websites such FXStat or Myfxbook.
The info available to us is a stat board showing some good to be true figures. Here, the vendor wants us to believe the system traded 202 orders with 79.12% of the win rate for shorts and 83.78% for longs. Added to that is a drawdown of 0.01% which is hard to believe.
Conclusion: Is Waverunner Forex Robot a Reliable Forex Robot?
Waverunner Forex Robot does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.