The Vigorous EA is a Forex trading system that executes and manages trades on autopilot. Its current version is 1.2 updated in July 2021. According to its developers, it is one of their best EAs.
Based on the information provided by the vendor, the robot has been successfully backtested for more than 20 years. The developers mention that the EA scalps the EURUSD pair up to 100 times a week and makes a profit every day They further state that the system has had 3 consecutive profitable months in a row, sold 196 copies, has 1.66% of monthly profit, and has an average of 11 trades per day.
It costs $247, however, it’s not indicated what the package comes with and there is no money-back guarantee included.
Vigorous EA Trading Strategy
- The EA uses a Scalping strategy to trade the markets. The software scalps the EU market targeting about 3-8 pips profit from each trade. It executes 11 trades a day with an average trade length of approximately 2 hours.
- The system trades only with the larger time-frame trend. It finds the best places to take quick 3-8 pip scalp trades within the market corrections of the larger trend.
- The EA uses flex-grid money management that’s only active when the trend is active. This makes for a very adaptive strategy that’s able to work with just about every type of market movement on the EURUSD pair.
Vigorous EA Features
- The software uses the RMI indicator to find over-extended trades with and against the trend. The indicator is used in combination with the D1 trend while incorporating the use of candlestick patterns.
- It trades the EURUSD currency pair every day.
- It has profitable backtests data for the past 20 years.
- The software has a projected monthly profit of 1%-3% a month (default settings).
- Its developer recommends a starting account size is $5,000 with leverage of 250:1.
- The robot scalps the market catching between 50-100 trades a week.
Vigorous EA Backtesting Results
In the backtest data provided, the robot traded the account from January 3rd, 2005 to March 3rd, 2021. We can see a profit gain of $122912.13 from the initial deposit of $5000. The daily and monthly gains were 0.05% and 1.66% respectively. The account had a maximum drawdown of 52.86%. A system that can lose half of your trading capital does not deserve your time and money. If such drawdown happens twice, there will be nothing left in the account, thus taking you back to the drawing board.
The total balance was $127912.07. The EA traded within the M1 timeframe.
Vigorous EA Live Trading Results
In this trading report, the robot was linked to the demo account on February 15th, 2021. It has made a net profit of $358.00 representing a 7.39% total gain in 1324 trades using a total lot size of 21.95. Its daily gain and monthly gain are 0.05% and 1.53% respectively. The profit percentage is 70% while the drawdown is 13.90%.
The average win is $1.17 whereas the average loss is -$1.93. This shows a 2:1 risk-reward ratio.
The robot did well in March and worse in February with a gain of 2.76% and 0.68% respectively.
Vigorous EA Reputation
The Vigorous EA is sold through ResponsibleForexTrading.com, a Forex platform that provides trading services like auto trading and copy trading. They also run a blog with Forex-related content. Their other systems are PinPoint EA and RFT 3 EA bundles. The developers have not provided more information about themselves. We are only told that they are professional traders with over 15 years of trading experience.
Customer Reviews
In our search for customer feedback on FPA, TrustPilot, and Quora, we found that the vendor of this Forex system has a page on the Trustpilot platform but no reviews yet.
Vigorous EA Review Summary
- Strategy – score 4/10
- Functionality & Features – score 4/10
- Trading Results – score 6/10
- Reliability – score 5/10
- Pricing – score 3/10
Conclusion
The developers of this trading tool tell us that the EA trades for a longer timeframe while we know very well that scalping strategy is majorly used with short timeframes. This is confusing.
Taking a look at the backtesting report, the software traded on a 1M timeframe. So does this mean that the developers don’t know what they were talking about in their explanation of the strategy? The system has no customer feedback that could tell us about traders’ experience with the software. The developers have also hidden their identities. Summing Vigourous EA review up, we cannot trust this rding tool.
