Grey Wolf Review: Does It Win or Lose?

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Grey Wolf

Grey Wolf trading robot works on USDCAD and AUDUSD and requires a minimum of $50 in capital to trade the markets. The algorithm comes with regular updates from the developer and has multiple purchase options available. The developer recommends using a VPS for the EA to avoid having connection failures and get good slippage. We will cover the product’s features in our review and see if it can be profitable for us.

What is Grey Wolf?

Grey Wolf has the following features:

  • It is available with multiple subscription options
  • Traders can start with a minimum of $50
  • The recommended minimum deposit is $100
  • The lot size can be increased according to the capital
  • There are regular updates from the developer

The developer does not recommend the necessary leverage to use on our live accounts while trading with the system.

Official Grey Wolf website

The developer presents the robot through the MQL5 website and states a few features of the product. The presentation is not good enough and leaves many questions in our minds. There is only a single image in the media section to detail the systems’ offerings.

Vendor transparency 

Alexendar Oropesa Marrero is the author of the EA who resided in Cuba. The developer has 22 products published on the MQL5 marketplace and has 0 subscribers for his services. He has no trading experience, according to the website.

How can we use Grey Wolf?

  1. You can use the robot by purchasing it from the MQL5 marketplace 
  2. Traders have to download it on the MT4/5 platform and attach the robot onto charts to start trading
  3. It is also vital to enable the auto-trading button

Pricing & refund

The robot is available for $95, and traders have the option to rent it out for 1 month at $30. There is no money-back guarantee present for now. It is also possible to download the demo for backtesting purposes.

Pricing of the robot on MQL5
Pricing of the robot on MQL5

Trading strategy

The developer only states that the robot works on AUDUSD and USDCAD in the 5-minute timeframe. The robot aims to get 25% monthly profit and stop causing a margin call on the account. 

Unfortunately, there are no live records available that we could use to analyze the working methodology of the EA for ourselves. 

There are no backtesting records for the robot on the website. Without any proper historical records, we cannot know how the algorithm will work for an extended time in the future. 

Current performance

The developer does not present the live records for the system. We searched Myfxbook and other leading performance tracking websites but could not find any details regarding the topic. 

What are the real customers saying about Grey Wolf?

There are no customer reviews on Forex Peace Army or the MQL 5 marketplace that we could use to judge how traders feel about the robot. Without any feedback, we can conclude that no one is interested in buying the product without having conclusive evidence of its profitability. 

Summary: is Grey Wolf a trustworthy robot?

Grey Wolf
2.6 5 0 1
The Grey Wolf trading robot does not maintain transparency in multiple factors. This includes no backtesting and live records. There are also no customer reviews that could help us with the purchase decision.
The Grey Wolf trading robot does not maintain transparency in multiple factors. This includes no backtesting and live records. There are also no customer reviews that could help us with the purchase decision.
2.6 rating
2.6/5
Total Score
  • Strategy
    2.0 rating
    2/5 Bad
  • Features
    2.0 rating
    2/5 Bad
  • Trading results
    2.0 rating
    2/5 Bad
  • Reliability
    3.0 rating
    3/5 Neutral
  • Pricing
    4.0 rating
    4/5 Good

Like

  • Multiple purchase options

Dislike

  • No backtesting records
  • There are no live records
  • Little information on the strategy
Total
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