Velocity Finder Neural Trader is a non-repainting indicator that is said to provide highly accurate trading signals. The vendor states that it is appropriate for all market conditions and is well suited for all traders. However, the asking price ($450) is quite high for an indicator, and with no proven track record, we highly doubt if it is an effective system.
Velocity Finder Neural Trader is the work of WeTalkTrade. The company mainly provides trading signals, robots, and indicators for Forex, and has been in the market since 2009. Sadly, nothing is known about the team that works behind the scenes. Their identities and professional profiles have been kept under wraps for reasons known best to the company.
Velocity Finder Neural Trader at a glance
|Trading platforms||MT4, MT5|
Velocity Finder Neural Trader functionality
Other features of the indicator are listed below:
- Is user-friendly.
- Provides instant alerts on your mobile phone for buy/sell orders.
- Has customizable stop loss and take profit levels.
- Free updates are available.
- Offers lifetime support.
- Complete trading guide and instructions.
Velocity Finder Neural Trader trading strategy tests
The devs keep on mentioning that the system uses unique and ‘best trading strategies’, but they don’t say what those approaches are or how they work. This is suspicious. It might be that the team is not sure whether they have coded the indicator properly.
Backtest results for this indicator are not displayed. This is odd given that we are informed that it is a product of lots of backtesting. It is highly likely that they didn’t test the system, and consequently, don’t have anything to show us. Notably, the best systems are usually tested thoroughly against real tick data, real slippage, and variable spreads. So, if that is not the case, then you should know that you might be dealing with a fake product.
What about Velocity Finder Neural Trader live trading results
Velocity Finder Neural Trader does not have any verified account on reputed platforms like Myfxbook or FXBlue. Therefore, there is no way of telling how the robot is performing today unless you use it. However, we wouldn’t advise you to trade with an indicator whose performance has not been proven. The software could be faulty and hence cause you to lose money.
WeTalkTrader does not have a good reputation among the Forex community. The customer reviews found on Trustpilot say that the indicators supplied by this company are pretty much useless. The systems are also claimed to provide many false signals, and when traders complain, the devs tell them that it works best with other indicators.
Velocity Finder Neural Trader Review SummaryVelocity Finder Neural Trader
Functionality3/5 NeutralThe vendor describes the functions of the system.
Trading strategy2/5 BadThere is no mention of the strategy the indicator uses to search for trading opportunities.
Live results2/5 BadThe devs do not display any live results that show how the system is performing in the current market.
Customer support3/5 NeutralThe company confirms that it offers 24/7 customer support and clearly stipulates how customers can reach them.
User reviews2/5 BadMost of the customers do not have anything good to say about the company’s indicators.
- User friendly
- Free updates
- Vendor transparency is missing
- No proven track record
- Negative reviews from customers
- The strategy used is not mentioned