EA Review: Volvox Trader

Volvox Trader is a new expert advisor promising to provide stable profits in any market condition. The developers claim that this is the worlds first self adjusted trading robot, which insinuates that it developed its own trade logic as it monitors the markets over time. There are many robot the vendors that claim their system uses artificial intelligence or any other means to adapt the market, so this is not something new.

The developers provide us with no information regarding their location, trading history or Forex market experience. The vendor really should provide us with some sort of detail in this manner, because it’s important to know who is selling you a product, and why they should be trusted. In order to get in touch with support, traders can email support@volvoxtrader.com.

Volvox Trader Review

The Volvox Trader team tells the community that 90 to 95% of all traders lose their money in Forex, but they are expert advisor will resolve this and ensure that “your trading experience will also be improved.” They believe that their system, which is based on MT 4 indicators with adjustable settings, is perfect at recognizing market conditions and trading with any MT4 compatible brokerage.

The vendor does not provide us with any information detailing their strategy. As a whole, the sales page is quite barren, which is something we see way too frequently in the Forex robot marketplace. If a developer isn’t able to provide a loose description about their trading history or trading strategy, the risk level of signing up with the service is much higher. If a vendor is able to provide more information about their service, mitigates the risk because we at least know what we’re signing up for.

Poor descriptions are way too frequent in this market, and this can be seen in my most recent reviews of the Forex Scalping Robot, FX Stabilizer and Forex Spectre.

Breakdown

• Type: Forex Robot
• Price: $179-$499
• Strategy: Undisclosed
• Timeframe: M5
• Pairs: EURUSD, GBPUSD

There are 3 packages available for traders interested in signing up with the Volvox Trader. All of the packages provide the same service, with an increase in price for more licenses. The $179 package offers one real account, and one demo acount. The $249 package offers 2 real accounts and to demo accounts. The $499 package offers for real accounts and for demo accounts.

With each of these packages the vendor promises that the software is delivered immediately, with 24 hour support and “free updates as soon as new versions are released”

Trading Results

The Volvox Trader team provide one FX Blue account which is showing a total return of nearly 1000% over the course of around 200 days. With this return, comes a fair bit of risk with the drawdown at 75.9%, which means the account can come very close to hitting a margin call.

The robot trades 13 times per day, with a win rate of 54.7%. The average trade length is 17.9 hours, with the average win coming in at 63 pips, and average loss at -40 pips. This is an effective risk reward ratio, as the amount lost is actually lower than the amount won.

I have a few concerns with this trading account. My first concern, is obviously the large drawdown, which is a notorious feature of high risk trading programs. Next, I would like to see some real clients trading results, to make sure that this software works for the community, and not just the vendor. In the past, when we come across accounts with very quick gains like these, the robots often don’t perform as well for the clients.

Based on the results, it’s worth keeping an eye on the system moving forward, but don’t get your hopes up that this is as good as it seems.

Client Reviews

There is currently no client feedback for this program. Hopefully, clients will leave some reviews here, or anywhere else for us to get a clearer picture soon.

Conclusion

I’m not ready to recommend the Volvox Trader EA to the Forex Robot Nation community. The trading results are pretty impressive, but do forecast a strategy that is likely to bust an account or 2 as well. Without any information about who the developers are, what type of trading experience they have, or what type of strategy they are utilizing for this robot, there are just too many unanswered questions.

If you have anything you would like to add to the review, please leave your comments and experiences below the article now.