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- Trading Robots
- Metatrader 4
- Forex Trading System
- Wardtrade17
Wardtrade17
Easy Rating: 5/1
MQL Rating: 5/11
Type:
Live
Leverage:
100
Deposit:
1708$
Balance:
1698.63$
Profit:
-9.37$
Withdrawal:
0$
Update: 8 Nov 2024
12000
4387.2
Live
FusionMarkets-Live
21 Nov 2024, 03:24
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Overview
Wardtrade17 might just be the trading system you’ve been searching for—or it could be another fleeting promise. With lofty claims of annual profits ranging from 10% to 42%, is it a beacon of hope or another veiled scam in the crowded Forex market? Let’s embark on this critical assessment to uncover the truth behind Wardtrade17, dissecting its mechanics, analyzing user reviews, and exploring whether it stands the test of time against the venerable EASY Bots.
Introduction to Wardtrade17 🚀
With the launch of Wardtrade17 on January 4, 2023, traders have gained access to a unique trading system crafted by the expert Ahmed Wardan Atik. Priced affordably at $75, Wardtrade17 has quickly garnered attention for its focused strategy, targeting a specific currency pair — the EURUSD — and operating exclusively on the H1 timeframe every Monday. This singular approach not only simplifies trading but also allows users to streamline their strategies around a well-defined schedule, increasing efficiency and predictability in their trading activities. 🚀
What sets Wardtrade17 apart from other systems is its commitment to logical and realistic profit expectations. Unlike many products that promise sky-high returns, this system aims for a more modest yet achievable annual profit range between 10% to 42%. It emphasizes the importance of cautious investment, recommending a minimum deposit of $200, though $500 is preferred for optimal results. The system has demonstrated its capability through extensive backtesting over 20 years, making it a considered option for both novice and experienced traders looking to leverage automated trading solutions effectively. 📈
How Wardtrade17 Works 🔍
The operational mechanics of Wardtrade17 are designed for simplicity and precision, focusing exclusively on trading the EURUSD currency pair. By utilizing the H1 timeframe, the system conducts trades specifically on Mondays, which is a deliberate choice to align with market trends and increase the likelihood of profitable trades. This one-day approach helps traders concentrate their efforts, minimizing the complexity and potential noise that can occur over multiple days. With substantial backtesting over the last 20 years, Wardtrade17 solidifies its methodology as grounded in realistic trading principles rather than lofty promises. 🔍
The expert advisor is tailored to generate annual returns of 10% to 42%, a goal that emphasizes sturdy risk management and consistent performance. Users are guided to maintain a minimum deposit of $200, while a recommended amount of $500 enhances trading effectiveness. Wardtrade17 is crafted with leverage of 1:500 or more in mind, and it thrives on account types such as Raw, ECN, and Razor, which offer very low spreads. Traders must ensure their settings are in sync with the Cairo time zone to optimize the system’s performance. 📈
Profit Expectations and Requirements 💰
Traders interested in using Wardtrade17 should approach its profit expectations with a balanced mindset. The system claims to deliver annual returns between 10% and 42%. While these figures are enticing, it’s crucial to recognize that such projections are based on historical data and market conditions that can change rapidly. Therefore, aspiring users must steer clear of the temptation to fixate on these numbers as guaranteed outcomes. Instead, consider them as realistic goals under optimal market conditions. 💰
Moreover, understanding the specific requirements for using Wardtrade17 is vital. The system works best with a minimum deposit of $200, though $500 is recommended to improve stability and trading outcomes. Users should ideally utilize raw, ECN, or Razor account types to minimize spreads as much as possible, which directly affects profitability. Keep in mind that trading inherently carries risks, and a sustainable trading plan should always include comprehensive risk management practices to avoid unforeseen losses. 📉
User Reviews: The Good and the Bad 🌟
User reviews for Wardtrade17 present a mixed bag of opinions, highlighting both satisfaction and discomfort among its users. On one hand, some traders have found the system effective, praising its ability to complement their trading strategies and noting successful experiences. For instance, one reviewer mentioned consistent profits after running the EA on a live account and acknowledged the support from the author. Another user commented on the EA’s wait for breakouts rather than frequent trading, aligning closely with their backtested results. Such feedback points to the EA’s thoughtful approach to trading, demonstrating its potential for users willing to adapt and refine their strategies.
Conversely, several reviews voiced concerns over the system’s performance and the author’s availability. A few users described their experiences as disappointing, citing excessive drawdowns and a lack of responsive support. One review bluntly termed the bot “useless” and warned others against making the same purchase, reflecting the challenges some users face when expectations don’t meet reality. Moreover, feedback about frequent requirements for patience and higher risk management measures suggests that not all users may find the same success with Wardtrade17. Prospective users should weigh these reviews carefully, considering both the benefits and pitfalls they may encounter in their trading journey. 🌟
Assessing the Reputation of Wardtrade17 🕵️♂️
In evaluating the credibility of Wardtrade17, it becomes evident that user feedback paints a nuanced picture. While some traders express satisfaction with the system, highlighting its potential to deliver consistent results, others raise significant concerns regarding its reliability and support. A user shared their positive experience, stating that the EA helped them generate profits and affirmed the effectiveness of its strategy. However, contrasting reviews flag critical issues: notably, there are claims suggesting a lack of transparency regarding the EA’s performance on live accounts compared to demo testing.
Another crucial factor in assessing Wardtrade17’s reputation is the developer’s responsiveness to user inquiries. Positive experiences regarding assistance have been reported, yet multiple reviews document users feeling ignored or receiving vague responses from the developer which raises a red flag. Such deficiencies in support can lead to frustration, especially among newer traders who may require guidance. Thus, while Wardtrade17 might offer promise as a trading tool, prospective users should proceed with caution and be prepared for a possible lack of robust developer engagement. 🕵️♂️
Comparative Analysis: Wardtrade17 vs. EASY Bots 📊
When comparing Wardtrade17 to the highly regarded EASY trading robots, such as EASY Trendopedia and EASY Scalperology, one can immediately observe differing methodologies. Wardtrade17 focuses on the EURUSD pair specifically traded on Mondays with the aim of achieving consistent returns while adhering to a predetermined methodology. This singular approach limits its scope but streamlines the user experience for traders who prefer simplicity and focus.
In contrast, EASY robots leverage diverse strategies tailored to multiple currency pairs and market conditions. For instance, EASY Scalperology employs sophisticated scalping techniques through price action and market volatility analysis, enabling it to capitalize on quick profit opportunities throughout the trading week. The versatility of the EASY Bots, alongside their proven track records and robust risk management systems, provides a broader range of trading opportunities compared to the more focused stance of Wardtrade17. Hence, while Wardtrade17 can be suitable for niche traders seeking predictable profits, the inherent flexibility and adaptability of the EASY Bots often make them the preferred choice among seasoned Forex traders. 📊
Scrutinizing Claims: Is Wardtrade17 a Scam? 🚫
The legitimacy of Wardtrade17 remains a matter of scrutiny among traders, as feedback reveals conflicting opinions. While some users confidently vouch for its effectiveness, stating that they have achieved positive results and appreciate the strategy’s design, others have raised significant alarm regarding its reliability and the integrity of its claims. In particular, serious allegations have been made suggesting that the EA operates as a martingale system—though the developer refutes this claim. Such discrepancies raise concerns over transparency and could be interpreted as attempts to obscure potential risks associated with high drawdown periods.
Moreover, the issue of developer support cannot be overlooked. Several users have reported difficulties in obtaining responses to their inquiries, further contributing to skepticism regarding the system’s trustworthiness. The disparity between backtested results and real-world performance means traders must treat claims with a healthy dose of skepticism. In the world of Forex trading systems, where promises of easy profits are common, due diligence and critical evaluation remain essential. Proceed with caution and consider real user experiences and expert reviews when deciding whether to invest in Wardtrade17. 🚫
Yearly Performance Analysis 📈
Wardtrade17 claims to have a rich history of performance analysis spanning 20 years. Yet, when scrutinizing the aggregated data, it reveals a complex picture. Backtested results have shown periods of high drawdown alongside profitable trades. The historical performance metrics indicate that while the EA can deliver returns, the risk involved is noteworthy, underscoring the importance of employing sound risk management strategies. 📈
Traders should not only focus on the alluring possibility of consistent profits but also consider the inherent volatility that comes with such systems. Despite the potential for annual returns in the range of 10% to 42%, real trading conditions can diverge significantly from backtested findings. Therefore, users must manage their expectations, ensuring they are well-prepared for fluctuations and drawdowns that could impact their capital.
Community Sentiment and Feedback 🔊
Community sentiment surrounding Wardtrade17 reveals a tapestry of opinions, reflecting both enthusiasm and skepticism. Some users express satisfaction with the EA, crediting it with helping them achieve profitable trades and noting a positive experience with customer support. Among the commendations is a shared sentiment that the system can indeed lead to gains when used with appropriate settings and risk management strategies. However, community discussions also surface significant concerns about the system’s reliability, particularly regarding drawdowns and inconsistent performance.
On the other hand, negative feedback highlights issues such as lack of timely support from the developer and feelings of betrayal when expectations are not met. The contrast between high praise and stern criticism suggests that while Wardtrade17 holds potential, it might not be suitable for every trader. Therefore, as with any trading system, due diligence and a realistic approach are essential. Users should be aware of the risks involved and adjust their expectations accordingly to avoid disappointment. 🔊
Meet the FxRobotEasy Team 👥
The FxRobotEasy Team is composed of a passionate group of professional Forex traders and developers boasting over 15 years of experience in the industry. Their mission is clear: to develop and unveil exceptional automated trading systems that enable traders of all levels to navigate the complex Forex market with improved confidence and profitability. With a robust portfolio of intelligent Expert Advisors (EAs), they prioritize user satisfaction and transparency. This commitment to performance is reflected in the consistently positive feedback received from clients, who commend the team for both the effectiveness of their trading strategies and their dedication to customer support. 👥
In addition to creating EAs that cater to diverse trading styles, the FxRobotEasy Team actively engages with their community. They provide extensive support via various platforms, ensuring that traders receive timely advice and assistance regarding their automated systems. This level of dedication helps foster a collaborative environment where traders can share insights and experiences. As the landscape of automated trading systems continues to evolve, the FxRobotEasy Team remains devoted to pushing boundaries and offering traders the tools they need for success in an ever-changing market.
Wardtrade17
forexroboteasy.com
Write review
Aria Nakamura
1 review
Incredible Trading Experience with Wardtrade17!
I've been using the Wardtrade17 system for a while now, and I can't express how impressed I am! The setup is straightforward, and the results have been fantastic. I would love to receive the configurations for additional pairs to maximize my trading potential. Highly recommend this system to anyone looking to enhance their trading strategy!