We’d like you to read a review of QuivoFX. The company provides many services, including selling Expert Advisors, Indicators, and Educational courses.
There are many EAs where some of which are download free.
The Big Breakout EA costs 79.90 CHF. The package includes a 7-day “exchange” guarantee.
We can buy it by paying via PayPal or Credit Cards. We have to provide personal information. If we pay by card, the purchase completes on the site. So, we have to share our card details with them.
QuivoFX Trading Strategy
Let’s take a look at Big Breakout EA:
- The system is based on five breakout strategies.
- We can work with it on any currency pair.
- We don’t know from the presentation what time frames we’re good to go.
- We can use, if we want, a Martingale strategy.
QuivoFX Features
- It trades fully automatically.
- The system places pending orders to catch a market move asap.
- It trades based on support and resistance levels.
- The list of entry strategies:
- ZigZag Breakout. It trades every breakout of the tops and bottoms of the ZigZag indicator.
- 1-2-3 Breakout. The system trades the breakout of a 1-2-3 formation of the ZigZag indicator.
- 1234 Breakout. The robot trades the breakout of a 1234 formation of the ZigZag indicator.
- Fractals Breakout. The EA trades all breakouts of the Fractals indicator.
- Candle Breakout. The system trades the breakout of the High or Low of the last X bars.
- Inside Bar Breakout. The robot trades the breakout of the Inside Bar pattern.
- The money-management system allows closing deals by using Trailing Stop Loss, BreakEven, Candle Trail, and ATR Trail.
- We can operate: Information Panel, Breakout Padding, Inverse Strategy, OCO (One Cancels Other), Martingale / Anti-martingale, MoneyManagement, Time filter, Close on Timer, Delete on Timer, Day filter, Spread filter.
- Time Filter allows us to skip hours with high impact news or the end of Friday.
- Close on Timer and Delete on Timer allows us to clean from open trades and pending orders in order to not keep them over the weekend, etc.
- We can use a demo version of the EA, even on real accounts.
- This version has only a 0,1 Lot Size restriction.
QuivoFX Backtesting Results
The developer noticed that system is not “pre-optimized.” So, there were no backtests provided. It means this software isn’t ready to be a product that should be sold for money.
QuivoFX Live Trading Results
The developer decided not to complete the robot to a real product. As a result, he doesn’t use it on any type of accounts. We’ve googled for it with no luck. The same results we’ve got, having searched for the account under this EA management on myfxbook. So, the vendor is afraid of using his funds on the account with this EA.
QuivoFX Reputation
There’s only a Facebook page among other social networks. It has 1998 likes and 2059 followers. The page was abandoned three years ago.
There’s a page on Forex Peace Army. As the developer mentioned, the site had been launched in 2015.
There are two comments, but they are five-year-old. As for service that is this long online, it’s few.
QuivoFX Review Summary
- Strategy – score (6/10)
- Functionality & Features – score (5/10)
- Trading Results – score (2/10)
- Reliability – score (6/10)
- Pricing – score (10/10)
Conclusion
QuivoFX is a one-person company that provides many services. If we talk about EAs, there are all of them available for download for free. Several robots have restorations based on Lot Size. The developer doesn’t provide backtests and trading results. The EAs are delivered without optimized settings. So, we have to have the proper experience to be profitable using these EAs. Anyway, free EAs are always good.
