The developer says that Grey Wolf is an incredible EA because it can supposedly make 25% profits on a monthly basis. So, your account will never have a zero balance. However, the vendor does not provide any trading results which can be used to prove or refute these claims.
The price of Grey Wolf is $95. If you don’t want to purchase the lifetime license, then you can rent the system at $30 and use it for a month. Unfortunately, a refund policy is not included in any of the packages.
Grey Wolf trading strategy
It is common knowledge that being an expert advisor, Grey Wolf conducts trades automatically. However, the developer doesn’t disclose what strategy the system works with. This presents a lot of questions. Traders would want to know: does the EA focus on long or short time frames? Is it a trend follower or works against the trend? Under what market conditions does it enter and exit the market? Does it have protection systems? Are risky approaches used? The vendor needs to be more open in this area.
Grey Wolf features
This EA doesn’t have that many features. Anyway, we have listed them below:
- It mainly works with USDCAD and AUDUSD currency pairs.
- The recommended timeframe is M5.
- It can be used with little capital of $100 and work perfectly.
- Traders are advised to use a VPS.
- It is compatible with the MT4/5 terminal.
Grey Wolf backtesting results
Backtesting results for Grey Wolf are not displayed anywhere in its presentation on mql5. Backtesting a trading strategy is usually recommended to obtain intimate knowledge about its workability and the robustness of the outcomes. The test also helps to determine if the algorithm meets certain risk criteria. Most importantly, positive results will provide traders with more confidence before risking real capital.
Grey Wolf live trading results
Live trading results are missing as well. While searching for Forex robots to purchase, one key factor that seasoned traders focus on is the system’s performance in the real market. As such, the data enables them to determine the amount of money they can earn while using it and the kinds of risks they will have to endure. Therefore, the lack of these statistics leaves much to be desired.
Grey Wolf reputation
Grey Wolf was created by a Cuban developer known as Alexander Oropesa Marrero. He asserts that his goal is not to lose money. Alexander’s portfolio includes many other systems he is selling to Forex traders. So, we have Big Shogun, Rey Toro, Lion Moon, The Last Pharaon, God Odin, Lion Moon, and many others. Unfortunately, info about his trading history, experience in this market, or other professionals he works with is not there.
As far as we are concerned, Grey Wolf lacks customer feedback. Even though the review section on mql5 notes that there’s a single review, you can see below that the client doesn’t comment about the robot. We visited other verification sites like FPA and Trustpilot in search of testimonials, but we were not lucky to find any. In light of this, we don’t know the kind of experiences traders have had while using this robot.
Grey Wolf review summary
- Strategy – 2/10
- Functionality and features – 4/10
- Trading results – 2/10
- Reliability – 2/10
- Pricing – 7/10
You can easily attach Grey Wolf on either the MT4 or MT5 account. However, the robot is shrouded in secrecy. Info on the trading strategy, past or current performance in the market is missing. The expertise of the vendor in this market is also unknown. The lack of customer feedback is a hindrance as well. Without it, you can’t make out what you will be getting yourself into should you choose to buy this EA.
