Expert AdvisorsForex

Vigorous EA Review: Things You Need to Know Before Investing

3 Mins read
5.2

Vigorous EA is a Forex expert advisor that has been backtested for over 21 years. According to the vendor, this robot makes a consistent profit on a daily basis. It runs on both Metatrader 4 and Metatrader 5 trading platforms. 

This robot focuses on the longer timeframes while conducting its trades. It finds the most optimal spots to take 3-9 pip scalp deals within the dips of a major trend. The vendor claims that the EA has a projected monthly profit of 2%. 

Vigorous EA trading strategy

This is a scalping robot with a high trading frequency. On average, it conducts 11 trades on a daily basis. The average length for each trade is 2 hours. Scalping is a short-term strategy where an EA tries to capitalize on the small price differentials between pairs. It requires you to observe the charts throughout the day since profitable opportunities can quickly pass. Thus, novice traders might find this strategy a bit stressful.

Vigorous EA backtesting report

Backtesting results of EUR/USD
Backtesting results of EUR/USD

 Here we have the results of a backtest conducted from January 2005 to March 2021. During this period, the EA conducted a total of 65733 trades, winning 75% of them and generating a total profit of $122,912.13. This means it had a win rate of 75%. 

The average daily and monthly gains for this backtest were 0.05% and 1.66%, respectively. We can see that the average monthly gain is significantly less than what the vendor promised on the official website. Also, the robot had a very high drawdown of 52.86% during the testing period. This is indicative of a high risk of ruin. 

Vigorous EA live results 

Growth chart of Vigorous EA
Growth chart of Vigorous EA

This live trading account has been active on Myfxbook since February 15, 2021. It is a demo account using virtual money and it hasn’t been exposed to different market conditions because of its short trading history. To date, the EA has placed 2498 trades through this account, while maintaining the profitability of 74%, which is comparable to the win rate for the backtest.

The total profit generated through this account currently stands at $677.39. While the daily and monthly gains are 0.04% and 1.30% respectively, the drawdown is 13.90%. Here also, the monthly average gain is less than what the vendor promised. 

Trading results of Vigorous EA
Trading results of Vigorous EA

Looking at the trading results, we can see that the robot only generates minuscule profits for each trade, with the average being around 0.01%. Also, it is prone to suffering consecutive losses every now and then. The average win for this account is 4.72 pips/$0.94, while the average loss is -10.71 pips/-$1.62.

Some features of Vigorous EA

Vigorous EA trades exclusively in the EUR/USD pair. The vendor recommends using a starting balance of $5000 and minimum leverage of 250:1. This EA conducts 50-100 scalp trades each week. It uses a flex-grid money management feature that is active only when the trend is active. 

Total return 13.79%
Maximal drawdown13.90%
Average monthly gain 1.30%
DeveloperResponsible Forex Trading
Created, year2021
Price$497
TypeScalping
TimeframeN/A
Lot sizeN/A
Leverage 250:1
Min. depositN/A
Recommended deposit $5000
Recommended brokers N/A
Currency pairs EUR/USD
ECNN/A

Main things to consider if you invest with Vigorous EA

Here are the main factors:

Short trading history

The live trading account is not even a year old. It was launched in February 2021. This means the robot has not dealt with various market scenarios. 

No refunds

The vendor does not offer a money-back guarantee for this robot. In case you purchase the product from MQL5, you can get a refund. However, this is only offered if the EA was not activated within a 7-day period.

Zero vendor transparency

There is very little information available on Ryan Brown, the developer. We don’t know who he works with. There is no data on his background and trading history.

Pricing details

You can get this EA for a one-time price of $497, which is not too cheap by the market standards. There is no money-back guarantee for this product.

Customer reviews 

There are no user reviews for this EA on third-party websites.

Vigorous EA Summary

5.2
Vigorous EA has a very short trading history and the vendor does not offer a refund for it. There are no reviews that tell us about the experience of other users. Also, we have very little information on the developer.
5.0

Functionality

4.0

Reliability

6.0

Strategy

5.0

Price

6.0

Trading Results

5.0

Vendor Transparency

Pros

  • +Verified trading statistics

Cons

  • -No refund
  • -Short trading history
  • -Lack of vendor transparency
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