A review of The Grandmaster is here; users have to know more about it. After receiving several traders asked for our take, we decided to check out the platform. And the robot is from a developer known for producing problematic robots. The robot is another design from the website a1trading.com formally known as TraderNickFX. And this is where matters get dicey as the first site has changed. The information on the AI Trader website is not the same as the above robot.
They claim that this robot is a grid-based expert advisor that was built to adapt market shifts. The platform is only set to work on the MT4 trading platform, which is not the case. A study shows that the robot is not fully compatible with the MT4 trading terminal. Most of the trading is slow, and the only way to understand it is by watching a 16-minute presentation video. It would have been ideal if they used a landing page instead. Here’s a full in-depth review of what we expect from this robot.
The software comes straight using the default setting, which is ideal for newbie traders. The vendor provides these settings, and traders can change the settings manually. From the video, one can see that Nick is a confident trader who has trading knowledge. This will help users get to learn more about the product, thanks to his presentation. It is a step in the right direction as the vendor openly reveals who they are. Although the robot does not qualify as the best in the industry, it comes a close second.
There are better robots with a proven track record that help users. These robots are guaranteed to offer the best trading results. They have been tested by experts and have a solid online reputation. These robots protect your investment, making them the best robots to have.
Their main website is dealing with AI solutions and access to the VIP community. They claim that The Grandmaster is a robot that can mimic how banking institutions trade. What the platform is all about is providing basic trading knowledge. They link users with trading tools and software to help investors make wise decisions. The developer also plans to educate users through online coaching, which is yet to take off. It is a step in the right direction for Nick and his team.
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There have not been a lot of third party reviews for A1trading.com since it is a relatively new platform. It means that traders can get to air their comments using this post. They should be able to tell others what they saw with the robot. Are the features working as promised by the vendor? Without client reviews, the platform remains to be seen as formidable. It also means that Nick and his team rely on customer feedback to push their product. There have been no sales posts promoting for the sale of this robot. By now, we expect vendors to promote their merchandise through social media platforms. The reason why the vendors fail to sell this EA robot on social media platforms is beyond us.
For clients who want a custom made trading software, Nick claims to provide these services. He claims to offer custom made trading features to investors who prefer using a personalized platform. They also offer automated trading tools alongside manual trading tools and trading scanners. To find out more about the trading community provided, Nick provides two levels of membership, VIP, and Gold VIP membership. These community flagships are based on the Discord App Platform.
AI Trading Solutions is the company that builds these robots. Nick claims that the platform is a team of three guys. These guys include Frank, Nick, and Val. The platform claims to be based in Atlanta, Georgia. From what we can see, the other website tradernickfx.com is there to provide servicing solutions to traders worldwide. The only expert advisor product on their roster is the grand master. To find out more, we had to try out their products and services before providing any recommendations and views.
There is a short sales video where interested parties have to view before purchasing the product. It seems to be an original idea to give traders a look at what to expect with the robot. The problem with the video is that it is incredibly brief, and not enough features get explained. If traders can make manual adjustments, it means the robot is NOT fully automated. And this can create a problem for newbie traders.
On their sales page, this robot claims to have several features that make it have the edge over other bots. Some of the parameters that users get from this robot include lot size and toggle buying/selling. Other features worth mentioning include grid-level distance as well as several grid levels. Users can also use the profit target function and optional max stop loss. The last element is having a fully configurable information panel. Since these seem to be a new kid on the block, expect some funky settings.
They claim that the robot monitors overbought and oversold levels. With this data, the robot can find effective reversal trade setups. It will go ahead and use the designated grid levels and position multiplier to open several positions. Finally, the robot will hedge the market, which enables users to have one advantage. They can profit from ranging and trending market conditions. One challenge with this feature is that it does not follow the FIFO rule. This means that traders in the United States won’t be able to use this software. How weird since the developers claim to be located in Atlanta.
The Commodity Futures Trading Commission does NOT license the Grandmaster. Another regulator that does not recognize the robot is the Natural Futures Association. And this poses a massive problem to users of the platform. The problem with such a scenario is the money-back guarantee feature. Users will not trade comfortably, knowing that the robots are far from being regulated. It is one of the downfalls of relying on a new product.
What looks like a safe trading robot could be a problem as it does not offer a secure download channel. After signing up with the platform, users need to make payment to get the download link. And this is a problem as the download link could be infected with malicious software. Since there is no client feedback, it is best to assume that users should use software protection. The download process is rather slow, which should be improved by the vendor. They also fail to give any information on any updates regarding the robot.
There is a disclaimer on the performance page that users should not expect high results. And this is a valid warning to investors that the robot is not entirely secure. And this is another reason why we believe the vendor should have tested the robot. Having a live account to test the robot would have given users a valid performance test. As we state, any untested platform should not offer their faith on a platform. Without credible testing, the robot remains to prove its capabilities in the market.
The price of the robot starts at $250, which is unfair to most traders. A robot with no license and has no proven records should not come at a high price. They use the H1 timeframe, and there are two currency pairs on the card. The available currency pairs include USD/JPY and USD/CHF. Such a robot should be able to provide users with more currency pairs to choose from. It seems that the robot is targeting a specific class of investors.
What is clear is that The Grandmaster does not provide valid trading results. The manual trades that Nick posts do not offer a clear picture of what the robot can do. One thing we are happy with is that Nick provides an excellent grid trading strategy and risk management approach.
They have a professional presentation but seem to be transparent on what the robot is capable of. With missing verified trading results, it is their only flaw. A robot must have proven results to be considered as an option in the trading world.
Kindly leave your comments and suggestions on the comment section.
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