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Volvox Trader is a Forex robot that can allegedly adjust its trading logic to fit any market condition. The developer believes that this is the world’s first self-adapting trading robot and that we should consider buying it since it has the ability to provide stable profits in any market condition.
We have actually encountered these claims from many developers before. Such claims are common among robot developers and so this particular vendor must not be taken seriously on this unless they are willing to prove the worth of their trading robot, Volvox Trader.
Also, this isn’t the first time we are dealing with a situation where we find ourselves reviewing a product from a developer who does not talk about their trading or development experience, their location and such like information which traders may consider pertinent. Therefore, we strongly believe that the developer of Volvox Trader should aspire to provide us with additional information concerning their background since it is important that traders should trust them based on who they are and what they have done in the past.
Otherwise, if there are no valid reasons to trust this developer, it’s going to be a tough task trying to sell a license.
Note: Here is a list of our favorite expert advisors.
The first message that the developer wants to send is that up to 95% of traders are losing money and that with a Forex expert advisor like Volvox Trader EA, our trading experience can be improved. So this will ensure that we are not found among the 95% of losing traders out there.
They explain that Volvox Trader is based on MT4 trading indicators and can work with any broker who runs the MT4 platform. The system also comes with adjustable settings to optimize the performance of the robot.
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What the developer does not provide is their trading strategy. We wonder how this is supposed to work if the developer is not providing us with this critical information and is instead providing a barren page and expecting us to believe their product. This is something we see quite frequently in the Forex trading market place. Volvox Trader is not the first developer to skip this information.
In short, if a developer cannot provide a brief history of their trading and the strategy which they use, then it clearly means that the risk of losing money to this kind of thing is very high. But on the other hand, if they can provide as much info, this can work to the advantage of the consumer because in this case, we will know what we are intending to buy upfront.
Therefore, as of now, we can only tell you that poor product description is something we have seen with our many past reviews including the recent review which we did for a robot called FX Stabilizer.
The price range for this robot is between $179-$499. Although the site does not provide us with any trading strategy, they are telling us that the software trades the M5 time frame. They have optimized the robot for two pairs only. These are EURUSD and GBPUSD.
Traders who are interested in signing up for the robot have 3 options. All of the 3 plans provide the same type of service. The only difference is the number of licenses that we can access. For $179, we get one live account and one demo. For $249, we get 2 live accounts and two demos. For $499, we get 4 demos and 4 live accounts.
Other than this, the developer promises us that each purchase will be delivered instantly in addition to round the clock support and automatic updates as soon as they are released.
Volvox Trader provides us with an FX Blue account which is showing a gain of nearly 1000% in 200 days. On the other hand, the software has a draw down of 75%, meaning that when you attempt to trade with the robot, you are risking a margin call just in the same way you could also hit the 1000% gains mark in 200 days.
However, this also sounds like gambling and those who approach the market with this mentality or a software that trades with such a mentality often loss money. The robot opens a minimum of 13 trades per day and the win rate is 54%. The average length of a trade is 17 hours. The average win for a trade is 63 pips while the average loss is -40 pips.
In our opinion, this is a reasonable risk reward ratio because gains are nearly as two times bigger than the losses.
But there is an obvious concern here. You see, the big gain does not come without a big draw down. In as much as we are gaining 1000%, the draw down could blow our account. Trading programs that gain so much in such a short time are notorious for crashing trading accounts.
The other concern that we have is whether the Volvox Trader works for the community. We want to ensure that the software is working for the community and not just for the vendor. Most of the time when we come across robots that generate big gains in a short time, we end up receiving complaints from clients who claim that the robot did not perform according to their expectations.
At the moment, we only need to monitor the Volvox Trader expert advisor to see where this will go. But don’t put so much hope on this software because it might just blow the account and leave you disappointed the next time we do an update of this review.
There are no customer reviews at the moment. So we are hoping that Volvox Trader will start to attract the community who will raise their opinions regarding the product.
At the moment, we are not ready yet to recommend Volvox Trader to the trading community. While the gains are impressive, we are not ready to take the risk that comes with using a robot like this one. So stick to these trading products instead.
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Unfortunately, VOLVOX is a scammer.