Vantage Point X (VPX EA) is a new automated trading solution for trading important Forex pairs. Vantage Point X does not disclose any trading strategy, yet it claims to be the holy grail expert advisor. Vantage Point X claims to be reliable, easy to use and built to trade often. They tout 89% win rate, 200% profit factor and 15% drawdown. The EA auto robot costs $1000.
What is Vantage Point X? (vantagepoinx.com) Either is Vantage Point X scam or legit?
Any expert in forex trading can clearly see that Vantage Point X is a scam. However, if you want to find out why is Vantage Point X a scam and what is Vantage Point X in real, then you can find that within our Vantage Point X review here, for that you don’t have to search any other Vantage Point X reviews.
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Vantage Point X Review
- Vantage Point X is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
- Forex robots like Vantage Point X are getting a lot of hype of late and Forex robot scams are not far behind. Vantage Point X claims to have made upto $1707 profit per day and guarantees 89% win rate on automated trading. You don’t have to be a rocket scientist to see that something is wrong here. Indeed, Jet Trader Pro is faking its results, it is a scam. Online trading is very risky and there is no way anyone can guarantee for only profit and that is also such a high profit like winning for 14 months straight. So, the forex trading claim made by Vantage Point X itself proves it is lying about its trading.
- Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.
About Vantage Point X
The Vantage Point X has an ‘About US’ page which unfortunately do not tell us about any about the people behind this expert advisor and where they are operating from. However, for contact you can use a US telephone number or email at [email protected].
Vantage Point X Strategy
During our review of Vantage Point X, we saw that they are not providing indepth insight on the EA methodology. We did not see them mention inmportant strategies for technical analysis.
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Vantage Point X Result
Vantage Point X has a myfxbook account showing important statistic. The most important factor is that the robot has upto 88% drawdown.
The problem is that Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.
Our best advise
Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.
- Myfxbook result
- No corporate information
- No strategy insight
- High cost