Velocity EA is a scalper for trading sharp price swings. But the developer cannot prove the efficiency of this EA since they don’t have any verified results except backtests. These robots can help you trade safely and profitably.
Welcome to the Velocity Expert advisor review. Velocity EA is a product of Cutting Edge Forex (CEF). Cutting Edge Forex has developed multiple other Forex trading tools like the ASCENT II Expert Advisor, Apex Scalper and Legend.
Velocity Expert advisor is allegedly designed to professionally trade price spikes using impulse scalping algorithm. The developer tells us that this type of scalping is used by the big financial institutions like banks and hedge funds.
There is not much about the Velocity EA on their website apart from a brief explanation of the trading strategy used by this expert advisor. The developer is also providing a back test for the EURUSD pair but no myfxbook to verify that indeed Velocity expert advisor is an efficient Forex robot.
The domain where Velocity Expert Advisor is hosted at was created in 2013 by Joe Smith. They are citing the address 4XThrive llc 8824 Kilbirnie Terrace Brooklyn Park, Texus and if this information is anything to go by, we could presume that the developer is based in the US.
Velocity Expert Advisor review
The way this expert advisor is designed is that when there is a short term price movement to the extreme, Velocity expert advisor makes an entry aiming to take a few pips each time it does make a trade.
It jumps in and out very frequently as long as price spikes keep moving to the extreme.