Vader Forex Robot Review

Vader Forex Robot Review

In this post I will review the Vader Forex Robot that is another fully automated forex robot that has been developed by the team over at Forex Robot Trader for use in the MetaTrader 4 (MT4) trading platform. MT4 is free to download from most of the best forex brokers across the globe and you can begin by running the Vader Forex Robot on a demo account until you are familiar with how it trades at which point you may wish to trade with it on a real live account.

I would usually always use an ECN forex broker for low spreads, low slippage and low commissions. These forex brokers tend to have the most liquidity providers (LP’s) and thus can help lower trading costs.

The Vader Forex Robot is suitable for beginner and advanced forex traders due to its fully automated nature and can be setup in minutes using the provided step by step instructions. You just need to set a suitable lot size depending on your account balance, leverage and risk preference whilst checking back regularly for the latest Vader Forex Robot performance.

Vader Forex Robot Review
Vader Forex Robot Review

Vader Forex Robot Trading Strategy

The Vader Forex Robot uses a technical analysis in the form of the Fibonacci indicator on a daily basis to determine when the market is about to trend and looks to catch market movements.

The Fibonacci indicator is a widely used technical analysis that can increase trade probability greatly when plotted correctly due to the self-fulfilling nature of the fib levels, a technique that has been used for many years in many environments.

The Vader Forex Robot also incorporates overbought / oversold re-entries by trading the price as it moves away from the middle zone and when it comes back.

The Vader Forex Robot also comes with default optimized settings for over 20 pairs with no adjustments needed. I personally would prefer to trade the major currency pairs such as the EURUSD & GBPUSD as they tend to have the most liquidity and thus lower trading costs. They also tend to trend sometimes which can be beneficial as this is primarily trend based forex trading system.

The developer shares and updates the Vader Forex Robot results often although I would ideally have liked to see these results verified by myfxbook or FX Blue for extra peace of mind.

Vader Forex Robot Back Testing

There are no back tests shared by the Forex Robot Traders team on the official Vader Forex Robot website. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.

Vader Forex Robot Live Results

To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.

Vader Forex Robot Summary

Overall, the Vader Forex Robot seems to perform well based on the developers shared results although these are not verified. The fact that the Vader Forex Robot uses the Fibonacci technical indicator is a good sign as this can be a powerful tool when used correctly.

The Vader Forex Robot looks for mid-long term moves which could mean that it is not as spread / slippage dependant as say a forex scalping system. I would start on an MT4 demo account to begin with until I became familiar with the EA although keep in mind that demo account conditions can vary greatly from live account conditions due to the different price feeds and liquidity.

I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA.

The Vader Forex Robot comes with instructions, updates, support and a money back guarantee. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.

Vader Forex Robot

$99
4.3

Functionality

4.0/10

Usability

5.0/10

Versatility

4.0/10

Features

  • MetaTrader 4
  • Multiple Currency Pairs
  • Multiple Time Frames
  • Fully Automated
  • Detailed Instructions
  • Full Support
  • Free Updates
  • Fibonacci Technical Analysis
  • Money Back Guarantee