Aggressive Doubler Robot V2 – An In-Depth Review

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The Aggressive Doubler Robot V2 (ADR V2) is a forex trading automation robot that aims to generate profits quickly and aggressively. This latest version builds upon the success of the original Aggressive Doubler robot with enhanced features and capabilities. In this comprehensive review, we will analyze how ADR V2 works, its key features, performance statistics, pros and cons, and suitability for different types of forex traders.

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How Does the Aggressive Doubler Robot V2 Work?

ADR V2 is an Expert Advisor (EA) that can be installed on the MetaTrader 4 (MT4) trading platform. It uses an algorithm to monitor the markets and execute trades automatically based on certain strategies and indicators.

The robot makes trading decisions independently without human intervention. It opens and closes positions based on market conditions and according to preset trading rules and risk management parameters.

ADR V2 has two distinct trading modes – Type A and Type B. Type A aims for quick profits by using more aggressive strategies. Type B focuses on slower but steady gains through more conservative approaches. Users can choose which method to activate based on their risk appetite and profit goals.

Some key features that allow ADR V2 to trade automatically include:

Technical Indicators – The robot utilizes in-built indicators like Moving Averages, RSI, Stochastics etc. to identify trading opportunities.
News Filter – It has an economic news filter to avoid trading during high-impact news events.
Risk Management – Users can define stop loss, take profit, max spread, and other risk parameters.
Trade Management – It has in-built logic to manage open trades including trailing stops, break-even stops etc.
Martingale – An optional martingale feature is available to recover losing trades.

Key Features and Tools of Aggressive Doubler Robot V2

Here are some of the standout features and tools of the ADR V2:

Two Trading Modes – Type A for aggressive gains, Type B for steady growth. Allows customization for different trading styles.
Time Filter – Trades only during user-defined time periods to optimize performance.
Pending Orders – Ability to place pending Buy Limit and Sell Limit orders to enter trades.
Stealth Mode – Trades are visible only to the user, not brokers, to avoid trade copying.
Auto Lot Sizing – Calculates optimal trade sizes based on account balance and risk settings.
Risk Management – Protects capital through stop loss, take profit, max spread and other tools.
Auto Stop Loss – Dynamically moves stop loss to lock in profits as price moves favorably.
Break Even Stop – Moves stop loss to entry price after reaching a defined profit amount.
Trailing Stop – Trails price movement to maximize profits while limiting losses.
No Martingale – Option to disable martingale for conservative trading.
Email Notifications – Sends email alerts for opened and closed trades.
Technical Support – Responsive customer support for setup and usage issues.

Performance Statistics and Backtest Results

Extensive backtesting of ADR V2 reveals impressive performance metrics that highlight its profit potential:

Total Net Profit – $23,759
Profit Factor – 2.21 (great ratio showing profitability)
Max Drawdown – 18.4% (acceptable risk level)
Win Rate – 62%
Risk-Reward Ratio – 1:2.6 (good ratio favoring profits)
Monthly Growth – 13% to 27% depending on settings

These results are based on backtests conducted across multiple currency pairs and timeframes like H1 and H4. Performance may vary based on live market conditions and broker used.

Many customer reviews also showcase accounts doubling within weeks after deploying the robot. But past results do not guarantee future performance.

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Pros of Using the Aggressive Doubler Robot V2

Here are some of the major advantages of using ADR V2 for forex trading:

Profit Potential – Aggressive strategies allow fast profits if markets move as expected.
Ease of Use – Simple installation and intuitive interface makes it user-friendly.
Time Savings – Fully automated system trades independently without manual intervention.
Flexibility – Multiple trading modes and customizable settings provide flexibility.
Risk Controls – Effective built-in risk management helps protect capital.
Stealth Mode – Avoids trade copying by hiding trades from brokers.
Cost Effective – One time purchase cost with free updates. Much cheaper than hiring fund manager.

Cons and Limitations of the Robot

Despite the advantages, ADR V2 has some downsides to consider:

Over Optimization – Excessive curve fitting can cause losses in live trading.
Aggressive Risk – Higher risk from Type A strategies may result in blown accounts.
Requires Monitoring – Needs supervision to ensure proper functioning. Cannot be fully passive.
No Guarantees – Despite backtest results, losses are still possible in live trading.
Potential Losses – Failed trades can result in max drawdown exceeding deposit.
Locks Capital – Entire deposit is used by EA, preventing manual trading.
Compatibility Issues – May not work properly with some brokers due to trade copying restrictions.

Suitable User Profile for the Aggressive Doubler Robot

ADR V2 is best suited for traders matching the following profile:

Aggressive Risk Appetite – Seeks accelerated growth and willing to stomach volatility.
Ample Capital – Deposit size should be sufficient to withstand potential drawdowns.
Understands Technical Analysis – Can interpret backtest results and robot behavior.
Trading Experience – Familiar with forex trading and fundamentals. Aware of risks.
Access to Computer – Requires PC to run MT4 and internet connection 24/5.
Time for Monitoring – Has time to regularly monitor robot operation.
Realistic Expectations – Does not expect guaranteed profits. Understands risk of losses.

Conservative investors and traders seeking steady compounded gains may prefer Type B strategies or other EAs focused on lower risk growth.

Conclusion – A Potentially Profitable But High Risk System

The Aggressive Doubler Robot V2 offers traders the possibility of very high returns in a short period of time through its ultra aggressive trading algorithms. However, the downside is that it also exposes investor capital to significant risks.

For traders with an appetite for high risk and the ability to stomach potential drawdowns, the robot can be a viable choice to pursue outsized gains. But a modicum of caution is necessary given the rapid account growth claims which may not always translate well from backtests to live trading.

Prudent risk management is a must, and traders should be prepared to intervene and override the system if needed. ADR V2 also requires sufficient capital, tight spreads, and compatibility with the broker.

Overall, the Aggressive Doubler Robot V2 is best suited for experienced traders who have clear profit goals, understand the risks involved, and have the resources to trade it profitably and survive its potential losses. With the right expectations and risk mitigation, it can be a profitable addition for aggressive forex traders.