Velocity Finder Neural Trader Review

Velocity Finder Neural Trader

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

Price$450
Trading platformsMT4, MT5
Currency pairsAny
StrategyN/A
TimeframeAny
Recommended depositN/A
Recommended leverageN/A
Money managementN/A

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. 

Customer reviews

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.

Negative customer feedback
Negative customer feedback
Negative customer review
Negative customer review

Velocity Finder Neural Trader Review Summary

Velocity Finder Neural Trader
2 5 0 1
Our analysis of the system has led us to conclude that Velocity Finder Neural Trader is not a worthy investment option. The tool’s strategy is unknown, and since the devs do not show us its performance in the live market, it is highly likely that it doesn’t work. Moreover, reviews from customers on Trustpilot have brought to light the unreliable nature of the indicator. Therefore, you will only lose money by using it.
Our analysis of the system has led us to conclude that Velocity Finder Neural Trader is not a worthy investment option. The tool’s strategy is unknown, and since the devs do not show us its performance in the live market, it is highly likely that it doesn’t work. Moreover, reviews from customers on Trustpilot have brought to light the unreliable nature of the indicator. Therefore, you will only lose money by using it.
2/5
Total Score
  • Functionality
    3/5 Neutral
    The vendor describes the functions of the system.
  • Trading strategy
    2/5 Bad
    There is no mention of the strategy the indicator uses to search for trading opportunities.
  • Live results
    2/5 Bad
    The devs do not display any live results that show how the system is performing in the current market.
  • Customer support
    3/5 Neutral
    The company confirms that it offers 24/7 customer support and clearly stipulates how customers can reach them.
  • User reviews
    2/5 Bad
    Most of the customers do not have anything good to say about the company’s indicators.

The Good

  • User friendly
  • Free updates

The Bad

  • Vendor transparency is missing
  • No proven track record
  • Negative reviews from customers
  • The strategy used is not mentioned
Total
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