Swing VIP EA is a trading advisor that uses risky strategies like Grid and Martingale to make more profits. The owners claimed that it is “The First Forex EA Based on Price Action”. We have seen many of them. So, it could be the first for sure.
Swing VIP EA at a glance
|Currency Pairs||EUR/USD, NZD/CAD, USD/CAD, AUD/CAD, and CAD/CHF|
|Strategy||Martingale, Grid, and Price Action|
Swing VIP EA functionality
The presentation includes information about settings, details, features, and strategies. We systemized all of this in the following list:
- The advisor was designed to execute orders on a terminal completely automatically.
- The terminal should be MT4.
- We can expect a profitability of 30% per month.
- The devs didn’t change this information for many months.
- We can expect an accuracy of 76%.
- There were 560 copies sold.
- The system makes 83% more profits.
- We have no proof of this claim.
- The same about the prices. We don’t know what they were compared with.
- We can sit in long-term drawdowns.
- The settings are optimized by default.
- The advisor should be attached and forget.
- We have to provide the devs with our MT4 real account number.
- We have to use it on a VPS service.
- The account should have $500 on the balance.
- It has to be used on a demo account before running on the real one.
- The system uses strategies and inte from indicators: Price Action, Trend, CCI, PPO, RSI, and Moving Average Strange.
- We can use Martingale and Hedge.
- Trading is allowed on EUR/USD, NZD/CAD, USD/CAD, AUD/CAD, and CAD/CHF.
- The robot works on M5.
The system is available for the discounted price that was increased before. We can rely on a single real license for one account and on some numbers of demo accounts to give it a try. There’s a 14-day refund policy applied.
Swing VIP EA trading strategy tests
The presentation doesn’t include any sign of backtest reports. It’s a huge con because we have idea how well the system worked on the past tick data.
What about Swing VIP EA live trading results
The robot worked on a real $100,000 account on Opoforex automatically with 1:500 leverage on MT4. The account had a verified track record. So, the intel should be trustworthy. It was created on April 25, 2021 and since then, the absolute gain has become 56.65%. An average monthly gain was 5.88%. The maximum drawdown was acceptable – 18.07%.
The advisor executed 1369 deals with 7140.7 pips. An average win was 17.84 pips when an average loss was -23.24 pips. The accuracy was 68% for longs and 70% for shorts. The average trade length was a day. The profit factor was 1.49.
The advisor worked with five cross pairs. GBPUSD has brought $31,753.
The advisor worked with a short Grid of orders.
The system has 4.9 rate from 5 on the site.
We have various testimonials about the system on the dev’s website. Unfortunately, we can’t be sure that they are relevant. Historically, customer reviews that are written on the devs’ websites may be coconced, manipulated or paid.
Swing VIP EA Review SummarySwing VIP EA
Functionality3/5 NeutralNot so many explanations provided.
Trading strategy2/5 BadMany risky strategies are on the board.
Live results3/5 NeutralThe trading results are okay, but the account was stopped.
Customer support3/5 NeutralThe developers provide average support.
User reviews2/5 BadWe don’t know if customer reviews are real.
- Trading results provided
- The account balance is significant
- No team revealed
- No risk advice given
- No backtest reports provided
- The trading account was stopped