Vantage Point X is an automated trading system, which was designed for trading on MT 4 and MT 5 platforms. Its creators utilize the ‘mathematical approach, which they believe can easily ‘turn a profit regardless of market conditions. We are promised a high accuracy rate of up to 89%, minimum drawdown, and ‘best possible results. Sounds good, doesn’t it? However, how is the system good in the real market? Can we rely on its trading algorithm? What trading risks does it cover? That is what we are going to discuss in our detailed Vantage Point X review.
Despite providing many different pages and sections (about us page, testimonials, pricing, trading results, etc), the team that stands for this FX EA failed to provide any information to tell about who they are or what their trading history is. Their ‘about’ page has a couple of sentences about the robot, its key features, and fake customer reviews. It does not dig into the members of the team, which is what that page is supposed to be for. Lack of transparency is a red flag for Vantage Point X.
Traders can get in touch with support traders can call +1 850 631 3138 or send an email to [email protected].
Features
Let’s talk about the key features of this EA:
- It’s a fully automated trading tool
- It can work on MT4 or MT5 platforms
- According to its devs, it has a highly profitable AI trading system
- The developers try to convince us that the robot trades with low drawdowns and a high accuracy rate of up to 89%
- It supports 3 trading strategies (which ones?) simultaneously
- It comes with an equity protection feature
- It supports different currency pairs
- Traders are provided with 24/7 support
There is very little information about the trading strategy provided. We know that we can use the robot in all market conditions. The devs claim that thanks to the advanced mathematical approach, the system will close all trades with profits regardless of market conditions. The dev does not get into any detail about the trading approach whatsoever. Oddly as for the service, that has been on the FX market for years.
How to start trading with Vantage Point X
The system is available in 3 different plans, going for $250/3 months, $500/year, and a lifetime membership that is sold for $1000. The cheaper plan comes with1 strategy when the most expensive lifetime license offers 3 trading strategies. We do not know what these trading strategies are.
There is no information about the recommended deposit or the leverage we have to trade. The devs provide no refund policy at all.
Backtests
Although the dev claims that the robot trades with 89% accuracy, he fails to provide any proof to back up his words. There is no backtesting report provided to make us sure the system was well tested before release.
Trading Results of Vantage Point X
Although the vendor does not provide live trading results, we’ve conducted additional research and found the one on myfxbok.com.
The account was created on November 02, 2020. This is a Real (USD) account trading under the EXNESSS brokerage with 1:500 leverage on the MT 4 platform. For 7 months of trading activity, its profit has grown to 219, 1 with an absolute gain of 79, 58%. The average daily and monthly gains are 0, 51%, and 17, 04% respectively. The peak drawdown was 34%. Taking into account the high drawdown and hidden trading activity data, it is easy to guess that the system uses risky trading approaches to generate profits.
The average win result is 80% based on 387 deals performed. An average trade length is 1 day and a profit factor is 3, 79.
The system is focused on trading GBPUSD – 385 trades performed.
The system uses grid plus martingale combo:
This trading approach is very risky and can easily ruin any trading account.
Customer Reviews
People reviews we see on the dev’s website do not look trustworthy. Historically, customers’ reviews written on the devs’ websites are either paid or manipulated.
Is Vantage Point X a viable option?
Unfortunately, we couldn’t find any positive features of Vantage Point X. We think the robot is a total scam. Our verdict is based on:
- Absence of backtesting reports
- No trading results provided
- Extremely high pricing
- High drawdowns
- Martingale plus Grid combo
- Hidden trading activity data
- Lack of vendor transparency
- Undisclosed trading approach
- No settings explanations provided
- No money-back-guarantee provided
Summary
We do not recommend Vantage Point X to the public. We know nothing about the trading strategies the EA uses, settings, symbols it trades, preferred time frame, leverage or deposit requirements, requirements of VPS/ECN, and so on. Paying the price the EA is sold for without a money-back guarantee is a huge mistake.
