Velocity Finder Neural Trader is a Forex indicator offered by WeTalkTrade. This firm asserts that it began its research on lucrative trading setups in 2009. It is situated at 2711 Centerville Road, Wilmington, and is offered at $450.
The vendor claims that it uses the “best Forex trading strategies.” It is different from other indicators out there owing to its “strong logic and unique analysis to yield better results.” In this article, you will know if Velocity Finder is worth your money or not.
Velocity Finder Neural Trader: Characteristics
Velocity Finder is a customizable expert advisor that allows you to change the stop loss and take profit levels as per your requirements and preferences. It is reliable and easy to use. The official site is unclear about the details of this software. It feels like the developer tries to influence new traders. The seller claims that its customer support is pretty dependable and it provides answers to all client queries.
Some of its features as listed on its official website are:
- Traders can keep an eye on the market 24/5 through the buy and sell signals.
- The software evaluates real-time data and delivers consistent performance.
- It provides accurate entry and exit level signals without repainting.
- The signals have a high win rate.
- Traders can trade without any stress as the EA does all the difficult calculations itself.
- The robot is ideal for all trading styles and market scenarios.
- It knows the fundamentals with demo trade.
- The expert advisor provides complete trading instructions and guide, which makes it simple to use for novice traders who do not have any trading experience.
- It has countless backtesting (This is a false claim since we cannot see any backtest report to verify it).
- Customer assistance is available 24/7.
Currency Pairs, Strategy & Timeframe
Velocity Finder works on both MT4 and MT5 platforms and trades in all currency pairs. It can be used in any timeframe. This is quite suspicious as most trading tools work on particular pairs and this EA works on several pairs.
There is no explanation about the strategy it uses and the minimum deposit amount required. Plus, we do not know the type of price flow its algorithm uses for identifying potential buying and selling occasions.
The official website just informs that the robot provides accurate buying and selling indicators by using “a unique logic and best Forex trading strategies.” This is done by assessing a huge volume of data. The techniques are created by experts.
Velocity Finder Neural Trader Trading Performance
Since Velocity Finder is a Forex indicator, it does not have any backtest reports. There are no live trading results as well on third-party websites like Myfxbook and FX Blue. Moreover, traders who might have purchased this indicator have not uploaded their records. There are only some pictures on the official site that demonstrate certain scenarios in which it worked. This indicates that the system might be a get-rich-quick con.
How much does it cost?
Velocity Finder Trader is offered at a high price of $450. This includes a lifetime license for one trading account, 24/7 live chat assistance, complimentary updates, and assistance with its setup and installation. There is no hidden fee and you receive immediate notifications on met loss, targets accomplished, and latest trades.
This EA is too expensive for most of the traders as compared to other indicators out there. There are many indicators on MQL5 that are priced below $100 and come with a lifetime license, which you can use on multiple PCs simultaneously. Plus, the price is high for an EA that does not have trading and backtesting results. There is no mention of a money-back guarantee as well.
Reviews from customers
There are no customer reviews for Velocity Finder. However, there are reviews for its parent company, WeTalkTrade. It has received 34 reviews on Trustpilot with a 3.3 average rating. A majority of the positive reviews look like they are purchased.
WeTalkTrade has received 33 reviews with an average rating of 3.6 on Forexpeacearmy. The site warns traders that this firm employed scam services for selling its worthless algorithm and boosting its rating. There is a separate scam alert section on Forexpeacearmy for Velocity Finder. Traders complain that this software led to consistent losses.
Should You Use Velocity Finder Neural Trader Robot?
|Assistance with the installation and setup||No information about the developers and the trading strategy used|
|Customized stop loss and take profit levels||Absence of trading results|
|Instant trade alerts||No backtesting results|
|24/7 customer support||High pricing|
|No refund policy|
|Negative customer reviews|
Velocity Finder Neural Trader seems like a scam. There is no proof for its claims and no information on its developers. It does not have any trading results and backtest reports. Plus, it comes at a high price of $450 without any money-back guarantee. Customer reviews are mostly negative. It is not worth investing in this EA.