Vantage Point X Review (VPX EA)

Vantage Point X is a new automated trading software advertises the smartest expert advisor on the market. The vendors utilize a “mathematical approach” which they believe “means it will always turn a profit regardless of market conditions.” Today we will be providing a review, and letting you know if this vendors mathematical approach is enough to compete with the best Forex robots in the marketplace.

The development team doesn’t give us any information about who they are, where they are located or the type of trading history Forex marketplace. The about us page is really only a couple of sentences about the expert advisor, and doesn’t dig into the members of their team, which is what the page is supposed to be for. Considering the service has been around for a couple of years, it’s surprising that they haven’t flushed this information out to become more transparent over time.

In order to get in touch with support traders can email support@vantagepointx.com or phone +1 (848) 482-4224.

Vantage Point X Review

The Vantage Point X website is made up of many different sections including their about us page, recommended brokers, testimonials, prices, news and VPS access. Despite providing many different pages and sections, the website doesn’t really get into much detail about software or developers of the program. Most of the news articles are just a few sentences each with a screenshot showing the most recent trades. This section would be a great place for the developer quite more details about their trading approach, but they fail to do so.

The vendors believe there are 3 main reasons why their Forex robot is and shoulders above the competition. These 3 reasons include the fact that it’s easy to use, that it’s reliable and that it trades frequently so there is always “a consistent flow of trades being drip fed into your account.” We generally prefer quality over quantity, but that doesn’t mean a best Forex robot service can’t do both properly.

Strategy

There is very little information provided about the Vantage Point X trading strategy. We know that the service can be utilized in all market conditions and makes use of a stealth mode feature to hide the stoploss from brokers. Yet, outside of these elements, the vendor doesn’t get into any detail about the trading strategy whatsoever. Again, we find this quite surprising considering the service has been around for a couple of years now.

Traders in the Forex market are always interested detailed information, and without providing information Forex robot vendors simply can’t compete. Many recent reviews do provide more detail, as you can see in our articles on Signal Detector 47, Renko Scalper EA and FX-Neuro Bot.

Robot Analysis

• Type: Forex Robot
• Price: $1000
• Strategy: Undisclosed
• Timeframe: Undisclosed
• Pairs: EURUSD, GBPUSD

For traders interested in the Vantage Point X robot, it can be purchased in 3 different ways. To purchase the software outright and have lifetime access, it costs a one time fee of $1000. Otherwise, traders have to pay $250 for 3 months, or $500 per year. This is an incredibly high price point and an automated market where most of the best systems range anywhere from $100 to $300 for lifetime access. Based on our review so far, we aren’t sure why the vendor is charging so much, and we feel that is doing themselves a bit of a disservice when it comes to acquiring clients.

Client Feedback

There is very little client feedback, but we did find 3 separate reviews. 2 out of the 3 reviews were positive, but this is a very small sample size for a service that’s been on the market for a couple of years. Maybe if they considered lowering their prices, they would have more clients and then more client reviews.

Trading Results

The front of the website links to the Vantage Point X Myfxbook account, but the link is broken. It is never a good sign, or a professional quality when a website has a broken link right on the front page.

We have to do a couple of searches ourselves in the Myfxbook platform to find their account, and we did find it. In one section of the website the vendor promises and 89% accuracy rate, a 200% profit factor and maximum drawdown of 15%. It’s important for us to make note of these numbers now, so that we can compare and contrast them to be trading results they provide in their verified Myfxbook accounts.

There are 2 accounts available, but only one of the accounts is currently active, so that the account we will analyze. This account is showing a 255% gain and an 88% drawdown since it started on September 12th, 2019. During this time, the software placed 503 trades with an average trade length of 1 day. The risk reward ratio is approximately 1:2, with the average win coming in at 28.13 pips and the average loss at 68.33 pips.

Most of the numbers are acceptable, but the main concern is obviously be 88.68% drawdown, which is much too high. A drawdown of this magnitude shows that the software is a very likely to blow an account. The development team certainly needs to address this, and find a way to lower the risk of their trading robot.

Conclusion

We don’t have anything scathing to say about the Vantage Point X robot, but have a fair amount of critiques. The developers need to be more transparent with the information they are providing to the community, and find a way to manage their risk better. As it stands, we can’t recommend a $1000 software that comes with a nearly 90% drawdown potential.

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