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Vogon Forex EA is a new Forex robot that has shown some impressive growth in the short time that it’s been running. The developers of the system understand that automated systems like these are often too good to be true. They believe however that they have the right EA and that they can make your dream come true without lifting your fingers.
Today I’ll be providing a review and letting you know my thoughts on this new automated trading solution and whether or not it can truly generate cash.
Vogon Forex EA Review
The Vogon Forex EA trades to pairs quite aggressively, the EURUSD and GBPUSD. In the 36 days this Forex robot has been running on the developer’s FX blue account the software has taken a $5000 account and turned it into $15,000. The software is shown these impressive gains trading very large lot sizes and winning trades around the 20 PIP region every single time. The software looks to be some sort of a scalping system which picks up small wins and quite a few of them. The losses are larger than the wins with the largest being over 100 pips.
There really isn’t much discussion about the Vogon Forex EA strategy so I’m really only able to look at the FX blue account and try to draw my own conclusions. At this point in time is definitely just too early for us to come to a definitive conclusion. I would like to test the system myself and maybe watch a little longer. Systems that show this type of growth using such a large lot sizes can be very dangerous I want to be careful.
Today I will not be recommending the Vogon Forex EA that this is definitely another system that I want to watch over the next few months to see if it can continue this winning rate. I am obviously concerned about the large lot sizes and what that could do to a smaller account as the software also seems to open very small lot sizes. I would deftly like to get involved with the money management part of the software to understand better how it works before running it on a live account. If you have something you would like to add about the software or any other please leave your comments below. I look forward to hearing from you and hope that you have a wonderful holidays.
Scam, pure and simple. This EA is Martingale, it will blow an account always. The Sellers admitted it was Martingale, told me I should have known it from the “Statement”. There is no Statement in the Ad for sale, and no mention of it being Martingale. Tried it out (before I realized it was Martingale), and although I had Lot size set to 0.01 Lots, the EA wound up with a single open order of 0.39 Lots. Stay away from this EA.