Vigorous EA Review: Things to Consider Before Investing

Vigorous EA

Vigorous EA is an expert advisor that has been backtested for more than 21 years. It works on the EURUSD pair. This FX EA by Ryan Brown is a scalper that trades up to nearly 100 times per week. The developer claims that the ATS can make consistent profits throughout its trading duration. This EA is part of the Responsible Forex Trading group run by Ryan Brown. 

Other products of this company include The Comeback Kid EA and Ranger EA. There is no info present concerning the founding year, location address, phone number, etc., of the company. 

The highlights of Vigorous EA

Features of Vigorous EA
Features of Vigorous EA

Here are some features that according to the developer set this FX Robot apart in the market:

Long-term backtests 

As per the developer, backtests spanning 14 years and 21 years were performed using this EA. The developer claims that with longer backtests, the EA has better chances of being adaptable. The tests are done with precise Dukascopy data and variable spread using 99.9% modeling quality.

Scalping

A scalping approach is used by this EA as its main strategy. It uses a vigorous scalping approach wherein around 11 trades per day are done. Each trade takes a minimal profit of 3 to 8 pips but with higher frequency, the profits are more, according to the vendor.

Money management

This FX EA uses a flex-grid type of money management which is triggered during an active trend. The developer claims that this management method makes the EA adaptable to all kinds of market momentum occurring on the EURUSD pair.

While backtests help in assessing the performance capability of the EA, they do not predict similar results in the future. The grid approach is considered dangerous so even if only a modified form is used, we feel that it has higher risk potential. So, the assurance of consistent profits is not possible making the developer’s claim doubtful.

Trading strategy of Vigorous EA

According to the developer, this FX robot uses scalping and flex-grid management for its trading approach. It uses a trend approach of a larger time frame and identifies the best entry points for scalping trades. 

Backtesting reports

The developer presents a 21-year backtest on the myfxbook site. Here is a screenshot of the results.

Backtesting results of Vigorous EA
Backtesting results of Vigorous EA

From the trading stats, we find that a total profit of 2458.24 was generated from a deposit of $5,000. A daily profit of 0.05% and a monthly profit of 1.66% were present for the EA. The drawdown for the account was 52.86%. The test that started in January 2005 and ended in March 2021, reveals a total of 65733 trades. Profitability of 75% was present with a profit factor of 1.63. a lot size of 0.25 was used. From the big lot size and high drawdown, we find the approach is risky.

Trading results in real-time

A demo USD account using the Trader’s Way broker and automated trading with the leverage of 1:100 on the MT4 terminal is present for the EA.

Growth chart of Vigorous EA
Growth chart of Vigorous EA
Trading stats for Vigorous EA
Trading stats for Vigorous EA

From the above trading details, we can see the account has generated a total profit of 11.2% and an absolute profit of 10.88%. A daily profit of 0.04% and a monthly profit of 1.35% are present. The drawdown is 13.90%. For the account started in February 2021, with a deposit of $5,000 the total number of trades completed is 2001. 

Profitability of 73% is present and the profit factor is 1.62. From the trading history, we can see the lot size used is 0.01. The results reveal a low profit despite the high frequency of trades. Further, the drawdown is not low. From the low profits and drawdown, we find the approach is ineffective resulting in poor performance.

Vigorous EA price

Pricing of Vigorous EA
Pricing of Vigorous EA

To purchase this FX Robot, you have to pay #397. A monthly profit of 1% to 3% is assured with the default settings. The recommended leverage is 250:1 and the minimum balance is $5000. As per the vendor info, the EA can execute up to 100 scalp trades per week. No money-back assurance is present for this product which raises suspicion on its reliability.

Customer support

Support info for Vigorous EA
Support info for Vigorous EA

The support methods available are minimal. An FAQ section, a live chat feature, and an online contact form are the main methods present.

Are traders happy with Vigorous EA?

We could not find user reviews for this FX robot on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of reviews indicates it is not a popular product.

Vigorous EA

Vigorous EA
2 5 0 1
Vigorous EA claims to provide consistent profits with its scalping and grid combo. Our analysis of the feature, approach, performance, support and other aspects reveals this is not a reliable EA. The poor performance in the demo account trading, risky approach as seen in the backtesting results, lack of vendor transparency, absence of user reviews, and no refund policy are downsides that confirm this is not a trustworthy FX EA.
Vigorous EA claims to provide consistent profits with its scalping and grid combo. Our analysis of the feature, approach, performance, support and other aspects reveals this is not a reliable EA. The poor performance in the demo account trading, risky approach as seen in the backtesting results, lack of vendor transparency, absence of user reviews, and no refund policy are downsides that confirm this is not a trustworthy FX EA.
2/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    3/5 Neutral
  • Reliability
    2/5 Bad
  • Price
    3/5 Neutral
  • Customer Testimonials
    1/5 Awfully

Advantages

  • Fully automated EA
  • High trading frequency

Disadvantages

  • Only demo account trading results present
  • No money-back assurance
Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts