Very Well Trader is a presentation of the robot “that really works like a clockwork generating stable profits every month without making any loss.” It sounds like an iconic scam, especially when they talk about “any loss.” For more details about the expert advisor, please, read our Very Well Trader review.
The robot is just several months old and can’t be a stable trading solution because we don’t know if it handles various market conditions.
Detailed Forex Robot Review
Let’s discuss grouped up features:
- The robot is a fully automated trading solution.
- We can use it on 4 and 5-digit brokers.
- There’s a welcome and handle support team.
- It works without a need for human interaction.
- The system is featured by a broker stealth mode that covers SL and TP levels from broker hunting.
- The devs have over 15 years of trading experience.
- It trades EUR/USD, GBP/USD, AUD/USD, and USD/JPY.
- It works on the M5 time frame.
- There’s a money-management feature.
- It calculates Entry Prices automatically.
- Lot Sizes are calculated based on the account balance.
- Stop Losses are very tight and wave within a small frame in order to maintain profits.
- There is a simple and quick installation process.
Very Well Trader Strategy Tests
The company doesn’t provide any backtest reports. It’s a bad sign, because we don’t know how the robot worked on the past data and what we can expect from it now.
Real Account Trading Results
There’s a real USD account. It was created on November 10, 2020, and funded at $3000.
Since the beginning, the total return has become +417.1%. An average monthly return is +74.5%. The maximum drawdown is low – 0.1%. The win-rate is okay – 71.6%. The Profit Factor is good as well – 2.46. The robot trades insanely frequently – 31 deals a day. It’s online for 86 days.
The RIO is 2.42. An average result is $4.72. An average win is $11.11 when an average loss is -$11.35.
The robot works with AUD/USD, EUR/USD, GBP/USD, and USD/JPY. The most frequently traded and most profitable is GBP/USD – $5451.57 (1407 deals).
The SELL direction (1746 orders) is almost twice fewer traded than the BUY one (907 orders). But the Profit Factor of the BUY direction is twice bigger – 4.44.
There are three no-name strategies that are performed at the same time equally.
Monday is the most frequently traded day – 629 deals. The most profitable is Thursday – $4506 of the net profit.
The robot focuses on trading during the European and American trading hours.
As we can see, the average win-rate is the same for months.
The robot is introduced in three packages: Standart, Most Popular, and Private. The Standart pack costs $149 and includes one real and one demo license. The Most Popular pack has a $249 price. It includes two real and two demo account licenses. The Private package costs $299. There are four real and four demo licenses. The packages have support, free updates, and a 30-day money-back guarantee.
The robot is sold via a Click2Sell platform. It’s quite a safe way to buy.
The presentation isn’t featured by people testimonials. The same we have on the web. There are no pages of the company on Forex Peace Army, Trustpilot, and MQL5 sites.
Very Well Trader is a completely weird software. The system is based on three different strategies that have various magic numbers. All of them are profitable, but it doesn’t help us, because we don’t know what they are up to.
The presentation has no sign of strategies’ explanations, backtest reports, money-management advice, etc.
Trading results showed that the robot is just three-month-old and hasn’t performed under various market conditions. So, we wouldn’t like you to buy this EA before you see that it can be profitable for half a year or so.