Vantage Point X has got a renewed design of their presentation. The developers insisted that it’s “First AI Automated Forex Trading Robot. Highly profitable Artificial Intelligence Trading System.” Let’s check what from this is true.
Is this robot a viable option?
No, the system and its presentation still look like a scam. The devs did nothing to convince us that it can handle real market moves and be profitable.
How to start trading with Vantage Point X
Let’s talk a bit about settings, details, and other useful information:
- Vantage Point X is an automatic trading solution.
- It was introduced as the first AI advisor.
- We can run it on MT4 and MT5 terminals.
- The system works with minimum drawdowns.
- The accuracy rate can be up to 89%.
- There are three strategies on the board.
- There’s equity protection.
- There’s “news trading.”
- We can rely on support that’s available 24/7.
- The system can provide profits with default settings from the box.
- “Vantage point X uses three strategies Simultaneously, and whenever an opportunity arises, it takes a trade. Vantage point X uses its own Copyrighted Algorithmic Strategies, and that is why it always stays ahead in the Forex market.” It sounds like a pure scam.
- The robot checks past ten years’ data to decide where the market goes and places an order.
- The system trades quite frequently.
The offer looks like an overpriced scam. The three-month subscription costs $250. There’s only one strategy applied. The annual pack costs $500 and includes two strategies. The lifetime license costs $1000, and it’s featured by three strategies.
There’s an elite version of the system that costs $1500. It’s a scam too.
Vantage Point X Backtests
We have no backtest reports executed and published on the site. So, all these claims about three strategies are fake because if they existed, they would be tested.
Trading Results
Instead of real or demo account verified trading results, we have these screenshots that prove nothing. The developers must know that pictures don’t work when people know what Forex tries to find a good trading advisor. Everything we should see on the presentation is a widget on Myfxbook, fxblue, fxstat, or MQL5 site where trading results can be checked, analyzed, compared. The data and various graphics and charts can show us how the system works on the real account, what challenges and struggles it faces, and so on. For us, it’s important to know what win rate, total and monthly profit, profitability, trade length and so on the system has. It’s crucial because we are going to use it on the real account.
Other Notes
The presentation doesn’t look trustworthy. It’s noticeable that the developers avoided providing us with backtest reports and verified trading results, knowing that it’s important for us. So, there can be something wrong with the system. A potential buyer must ask these questions directly.
People Feedback
We have a page of the company on Forex Peace Army with a 3.667 rate based on four reviews. There are no trading accounts connected to it.
We may note that a person couldn’t be profitable with it. It looks like the advisor uses a Grid of orders with a Martingale addition based on Price Action, because it allows placing orders against the trend.
The site includes fake and faceless comments that aren’t connected to reality in any way.
Wrapping up
Advantages
- A renewed presentation
Disadvantages
- No team revealed
- No settings explanations provided
- No risk advice given r money management advice provided
- No backtest reports shared
- No real or demo account trading results provided
- Insane pricing
- No refund policy supported
- The system uses unnamed strategies
- Many fake positive testimonials published
Summary
Vantage Point X looks like a well-hidden scam that we have revealed. The developers claimed that it’s a great solution, but the presentation has no proof that it’s true. We have not seen backtest reports on each strategy and symbol or trading results that would convince us that we can entrust some real money to the system to trade.
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