Vigorous EA Review: Introduction
Welcome to our Vigorous EA Review. We’ll be discussing what appears to be a very reliable scalping robot for Euro/Dollar trading on the M1 time frame. Over the past four months, I’ve been testing this expert advisor, and the results have been quite impressive. In this post, I’ll be discussing the performance, features, and my personal experience using the Vigorous EA. Trading in the Forex market can be overwhelming for beginners, but with the right tools, it becomes much more manageable. This review has been written to provide you with all the information you’ll need about the Vigorous EA, to help you decide if it’s a tool that you can use to bring you success in the competitive market.
Vigorous EA Review: Introduction to the Robot
The Vigorous EA has been designed and created to trade the Euro Dollar on the M1 time frame. I started testing this robot in the middle of February with a starting balance of $100,000. To date, the account has grown to $103,810, with a net profit of 3.8%. While this may not seem like a lot to many traders, it’s significant for trading the Euro Dollar pair, which is a tough market, on such a short time frame. In Forex trading, especially on the M1 time frame, achieving consistent returns is quite an accomplishment. The M1 time frame is known for its volatility, making it a challenge to earn consistent, albeit smaller profits.
Steady Performance and Minimal Drawdowns
One of the most impressive features of the Vigorous EA is its steady performance. The equity graph has no significant drawdowns on it, with only a few minor dips that quickly recovered. This stability is vital, especially in the highly traded Euro Dollar market. It showed a profit factor of 1.96 and a monthly return close to 1%. The robot has executed 1,143 trades, the end result, so far, being net profit of $3,810 and 749.8 pips. Consistency in trading is often more valuable than high returns, as it helps to manage risk and expectations. The Vigorous EA’s ability to continue generating a steady and reliable performance over four months highlights its potential in this particular market.
Vigorous EA Review: Understanding the Trading Strategy
The Vigorous EA uses a recovery system in its trading strategy. For instance, when a short trade opens and the price begins to move sideways or upwards, the EA executes additional short trades. These trades are closed together when the price hits the intended target. The lot sizes can vary according to your settings, with an initial trade opening at 0.01 lots and subsequent trades increasing in size, depending on market conditions. This system allows the EA to manage fluctuating market movements well, reducing the overall risk. The recovery system is particularly useful in volatile markets like the EURUSD, where prices can fluctuate quickly.
Managing Risk and Money Management
Risk management is arguably the most important factor to consider with any trading robot. On June 12th, the equity dropped from $103,374 to $102,346 due to multiple short trades being opened that increased in size. This illustrates the importance of proper money management. The Vigorous EA allows users to control the risk by setting parameters such as the maximum number of open trades and the lot size multiplier. Proper risk management ensures that potential losses are kept to a minimum, which in turn allows the account to recover from drawdowns more effectively. The ability to adjust risk settings makes the Vigorous EA adaptable to different trading styles and risk appetites.
Vigorous EA Settings and Customization
The Vigorous EA offers many settings to adjust the robot to your trading style. These include controlling the grid mode, which adds to a position only when in a loss, and setting the lot multiplier to increase the lot size after the number of trades you prefer. In addition, users can customize the expert advisor properties to suit their risk tolerance and trading goals. The multitude of options in the settings allows traders to customize the EA’s performance to match their specific needs. Customization options are crucial for setting the EA to succeed in different market conditions and personal trading strategies.
Vigorous EA Review: Vendor Support and Additional Resources
The vendor of Vigorous EA provides excellent support, including recommended settings and custom set files. There’s also a YouTube channel where the vendor talks about the expert advisor in detail, which is quite rare in the industry. They offer a 5-day demo and a 30-day money-back guarantee, which users a fair amount of opportunity to test the robot before spending money on it. Access to detailed explanations and tutorials helps users understand how to optimize the EA’s performance. The vendor’s support and resources are very helpful for both new and experienced traders looking to get the most out of the Vigorous EA.
Account Performance and Vendor Track Record
The vendor’s track record is impressive, starting with a $200 demo account in February 2021. The account grew steadily, although there was a significant drawdown of 50% at one point. Since then, the account has rebounded and continued to grow. This performance, coupled with the vendor’s transparency, bolsters the credibility of the Vigorous EA. A proven track record indicates the EA’s potential for long-term profitability. Transparency in the vendor’s performance history helps build trust and confidence in the EA’s capabilities.
Vigorous EA Review: Live Trading and Future Plans
I plan to open an additional live account starting with an ECN Standard Account. Trading with a regulated and reputable broker offering good leverage and rapid execution speeds, would be ideal for this expert advisor. I’ll be consulting with the vendor to get the best settings for a $1,000 live account. Moving it over to a live account is, as always, a step that requires careful planning and adjustment, after thorough testing on a demo account. Selecting the right broker and account type is crucial to the EA’s performance, especially in a live trading environment. And, as always, we recommend starting with a small account, or at least minimal risk and testing further before committing to larger risk.
Evaluating Performance Metrics
When evaluating the performance of Vigorous EA, several metrics stand out. The profit factor of 1.96 is a strong indicator of the robot’s ability to generate profits relative to its losses. Additionally, the monthly return rate of nearly 1% shows a steady growth pattern. These metrics are essential for understanding the EA’s overall effectiveness and reliability. A detailed analysis of performance metrics helps in making informed decisions about the EA’s suitability for different trading objectives. Consistent monthly returns indicate the EA’s ability to adapt to changing market conditions while maintaining profitability.
Vigorous EA Review: Impact of Market Volatility
The Forex market is known for it’s volatility. The Euro Dollar pair is particularly volatile, due to the sheer volume being traded daily. The Vigorous EA’s ability to take advantage of this volatility is a key aspect of its performance. The robot’s recovery system helps to take advantage of sudden market swings. Understanding how the EA analyzes and uses this volatility can give us insights into its long-term success or failure. Adapting to consistent market volatility is important for maintaining consistent performance in Forex trading. The Vigorous EA’s strategies for handling volatility are designed to reduce risk and increase profitability.
Customization and Flexibility
One of the main advantages of the Vigorous EA is the quantity of customization options available. Users can adjust settings which include the lot multiplier, grid mode, and maximum open trades, and can be adjusted to suit individual trading styles and risk tolerances. These make it a suitable tool for various trading styles and market conditions. Customization options enable traders to optimize the EA’s performance based on their specific goals, account types and personal preferences. Flexibility in settings is essential for adapting the EA to different trading environments and objectives.
Vigorous EA Review: Vendor Support: An Essential Resource
Effective vendor support is crucial for maximizing the potential of any trading robot. The Vigorous EA vendor offers comprehensive support, including detailed explanations, recommended settings, and custom set files. The availability of a YouTube channel where the vendor provides insights and tutorials is particularly valuable. Reliable support ensures that users can optimize the EA’s performance and troubleshoot any issues effectively. Access to expert advice and resources enhances the user experience and helps in achieving better trading outcomes.
Demo Accounts and Real-World Testing
Testing the Vigorous EA on a demo account is an excellent way to evaluate its performance without risking real money. The vendor offers a 5-day demo, which, while brief, provides a glimpse into the robot’s capabilities. Real-world testing in a demo environment allows users to understand how the EA operates under different market conditions. Transitioning from a demo to a live account should be done cautiously, with adjustments made based on demo performance insights. Using a demo account helps in refining strategies and settings before committing to live trading.
Vigorous EA Review: Money Management Strategies
The Vigorous EA includes features that allow users to control risk, such as setting the maximum number of open trades and adjusting the lot size multiplier, to protect you against very large trades that could potentially blow your account. Money management strategies are important to control losses while protecting profits. Proper money management ensures that trading risks are kept within your comfort zone, allowing you to get the most out of the trading strategy. The EA’s built-in risk management features provide tools for maintaining control over trading risks.
User Experience and Ease of Use
The user experience with the Vigorous EA is designed to be straightforward and intuitive. The robot’s settings and customization options are accessible and easy to navigate. The vendor’s resources, including tutorials and support, further enhance the user experience. An easy to understand and navigate used interface and features make it easier for traders of any level to truly adjust the EA to their trading styles and objectives. The goal is to allow traders to focus on strategy and performance rather than technical complexities.
Is the Vigorous EA worth testing?
The Vigorous EA shows great promise as a scalping robot for Euro Dollar trading on the M1 time frame. With steady performance, minimal drawdowns, and robust risk management features, it offers a reliable trading solution. The vendor’s support and transparent track record further enhance its appeal. If you’re looking for a customizable and consistent expert advisor, in my opinion, the Vigorous EA is worth considering. Automated trading tools like the Vigorous EA can certainly enhance trading efficiency and the end goal, which is always profitability. With careful testing, proper risk management, and ongoing optimization, the Vigorous EA has the potential to be a valuable addition to any trader’s toolkit.
Vigorous EA Review: Try before you buy
If you’re still unsure as to whether you should use this robot, you can test it without having to make any financial commitments for 5 days. Although this may be too short for many of you, it’s essentially a full week of trading, and will give you a good idea of the performance you can expect. Use a broker that is fully regulated and offers good trading conditions, including tight spreads, low fees and higher leverage. And of course, as we recommend with any new EA, always test on a demo account. And request a set file from the developer with your particular trading goals and environment in mind to get the most out of your trial. I believe you’ll see fairly quickly if this EA is another tool for your trading toolbox.
FAQs
What is Vigorous EA? The Vigorous EA is a trading robot designed to scalp the Euro Dollar on the M1 time frame.
How does Vigorous EA perform? Over four months of testing, it has shown promising initial performance with a modest but steady 3.8% return on a $100,000 account.
What is the trading strategy of Vigorous EA? It uses a recovery system, opening additional trades when the market moves against the initial position.
How can I manage risk with Vigorous EA? The robot allows you to control risk by setting parameters such as the maximum number of open trades and the lot size multiplier.
Is there support available for Vigorous EA? Yes, the vendor offers excellent support, including recommended settings, custom set files, and a YouTube channel for detailed explanations.
Can I try Vigorous EA before buying? The vendor offers a 5-day demo and a 30-day money-back guarantee, allowing you to test the robot before making a commitment.
Vigorous EA Review: Final Thoughts
Our initial results indicate that the Vigorous EA is a solid tool for traders looking to scalp the Euro Dollar on the M1 time frame. Its steady performance, various risk management features, and strong vendor support make it a valuable addition to any trader’s arsenal. If you’re interested in automated trading, I believe it’s worth trying the Vigorous EA. Trading robots like the Vigorous EA can genuinely enhance the way you trade in the Forex market, making it more efficient and potentially more profitable. With proper testing, customization, and risk management, the Vigorous EA can become a reliable part of your trading toolkit.
