Grey Wolf is a Forex robot listed for sale on the MQL5 platform. This product was published in 2021 and has been subjected to multiple updates leading to V3 (for MT5) and V2.18 (for MT4). The developer claims that the robot has the ability to generate 25% each month. While the statements seem captivating, we will verify them in our unbiased article to see if the algorithm can produce profits while maintaining proper drawdown.
Grey Wolf has been developed by an individual named Alexander Oropesa Marrero. His MQL5 profile shows that he is based in Cuba and has a rating of 2746 points. Alexander has an experience of 1 year, but none of that comes from a job. This vendor has a total of 21 products available and 18 demo versions.
Some of his MT4/MT5 products are Big Kangaroo, Last Viking, Treasure Seeker, and God Odin. Potential customers may contact the vendor through his Telegram channel or the live chat option on MQL5. Apart from this, Alexander provides no further information about the company regarding whereabouts, email address, or telephone number. This points toward a lack of vendor transparency.
Grey Wolf EA at a glance
|Trading Platforms||MT4 or MT5|
|Currency Pairs||USD/CAD, AUD/USD|
Grey Wolf functionality
The robot has the following features:
- The robot can trade with a low balance of $100.
- It works on MT4 or MT5.
- It is fully automated.
- The system requires a VPS for good performance.
From the details provided by the seller, it is clear that this EA is only compatible with Windows operating system. The vendor recommends using a larger lot size with larger capitals to reduce the risk of loss.
Grey Wolf trading strategy tests
It is stated on the webpage that this advisor has been tested for two currency pairs: USD/CAD and AUD/USD, on the 5-minute charts. There is no further information on the topic, which is a poor practice from the author.
Backtesting results analysis
There are no backtesting records provided on the webpage. This paints a very negative picture about the seller, as we cannot know about the robot’s performance on previous accounts. There is only an image present showing the equity and balance curves but we don’t know if it pertains to historical or live testing.
What about Grey Wolf live trading results
The seller does not provide any live testing results for this robot on MQL5. Strangely, we could not locate any results for this bot on Myfxbook, FXStat, or FXBlue. This is a terrible practice as this keeps the potential customers blind in terms of the recent performance of the bot.
We could not find customer feedback for this algorithm on third-party websites like Forex Peace Army and Trust Pilot. However, the review section in MQL5 contains a blank review to which the seller replies with a positive remark. This is very weird and points towards a lack of good practice. It also lowers the authenticity of the product.
Grey Wolf Review SummaryGrey Wolf
Trading Strategy2/5 Bad
Live Results2/5 Bad
Customer Support3/5 Neutral
User Reviews2/5 Bad
- Requires a low deposit
- No backtesting results
- It does not show live trading results
- Customer reviews are not present