Visionaryfxmanagement.com Review

Visionary FX management has one product: an EA that they do not sell. They require you to execute an agreement with interbankfx so that they can share the spread on your trades. The EA is a modified martingale system. It opens buy and sell positions simultaneously on the pairs that you are trading. I was trading USDJPY, NZDUSD, AUDCAD, and AUDNZD. The first thing you will notice is that the system trades often and produces an amazing steady stream of profit. For each .1 lot you trade it generates about $1500 a day in profit! HOWEVER, the money is made when price retraces. If the price moves too far without retracing, you can hit a drawdown and they are BIG. I rode this system up to about 50% profit in less than 2 months, then hit multiple stop losses in a couple of weeks and was back to 30% loss, then back up in a month to 20% profit etc. I think the system could do well if the markets were calmer and steadier, but right now the volatility is so high I have stopped trading. However, I give them 4 stars because they are honest, the EA does what they said it would do, no one concealed any risk from me, and I think in the right environment it could be a fantastic money making tool. If someone could figure out how to program the algorithm to generate the profits without the stop losses we could all retire.