Vortex Trader PRO EA Review - Can it be scam or good forex trading system?

Vortex Trader PRO automated platform attracted our attention as one of the very popular trading strategies around myfxbook, which cannot be followed directly through the site's Autotrader service. We found this to be odd and chose to inquire into the system.

Strategy

The trading strategy behind Vortex Trader PRO isn't described in details by the developers. They do mention it is not a scalper, martingale nor even grid-based system. Our evaluation of the current trading history indicates that the system closes profitable trades fairly fast, while winners are allowed to run further. That is contrary to classic trading intellect, which assesses you must do exactly the opposite.

The stop-loss amount appears to be put at 110 pips for many trades, while the lucrative trades are closed much earlier. The first take-profit level is set at 20 pips, having a vast majority of transactions being closed earlier.

From a purely instinctive point of view this sort of system should go bankrupt fairly fast. However, if you manage to register a lot more winning trades than winners, things may work out. This is the most unique portion of the system there are plenty ow inning transactions, even though some of them barely pay the spreads.

Historical Performance

Vortex Trading Pro was listed on myfxbook since April 2013, although being traded on a live account with Synergy FX. Returns that were amazing have been gained by the system , because beginning. That being said that the system has endured since October 2015.

The key to Vortex Trader PRO's success is the high number of lucrative trades -- 89 percent. This is typical for some scalpers, or grid systems, which finally go bankrupt when a big market move happens. This system doesn't seem to be among these kinds of EAs particularly, but nevertheless feels risky.

Vortex Trader PRO's gains used to raise fairly smoothly around October of 2015, according to the chart below.

Vortex Trader Pro profit

Drawdown is mediocre, with the maximum being 27.67%. That said it has systematically stayed at greater degrees since 2015.
Vortex Trader Guru drawdown

The average pips per trade are 4.74, which will be above our minimum recommendation of 3 pips. That having been said, because the system frequently closes winning transactions , slippage could turn around the results pretty quickly.

We must mention, Advances are made on this program, which might slightly alter a few of the stats at myfxbook. Also keep in mind, that past performance does not guarantee future results.

Pricing

As we mentioned in the start of the review, this system cannot be followed at myfxbook. The website that's selling it feels pretty much like the ever-popular scamming websites. However, the results in myfxbook have been verified, which compels us to believe the offer is legitimate.

Bottom Line

We wouldn't suggest investing in this system, at this point in time. From a just results-based perspective, it has struggled since 2015. Further more its whole concept feels very risky, though it has worked previously. Perhaps if the developers were a little more open in their approach, they would have gained greater credibility.