Automatic Trader Review

Nov 10, 2021 10:00 AM ET
Automatic Trader Review

Automatic Trader is the last system that was released under the LeapFX brand. The company is well-known on Forex. Anyway, not all of their products are good. There are many scams.  The presentation is flooded by useless intel. The devs claimed that “New Software Lets You Build A Steady, Compounded Passive Income From The Forex Markets…And The BEST Part Is It Requires NO Prior Trading Experience.” Let’s figure this out. 

Automatic Trader

Type

Expert Advisor

Price

$497, $650

Strategy

Grid, Martingale

Compatible Platforms

MT4 and MT5

Currency Pairs

AUDUSD, EURGBP, EURUSD, GBPJPY, USDCAD, and USDJPY. 

Timeframe

N/A

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

N/A

Trade length

2 days

Trading strategy explanation

We have prepared a list of useful information that should help us with understanding if the system can be a good advisor. 

  • The robot knows how to trade completely automatically on our terminal. We may do no extra effort. 

  • The core pairs to start trading are AUDUSD, EURGBP, EURUSD, GBPJPY, USDCAD, and USDJPY. 

Automatic Trader claims.

  • We have an account protection feature. 

  • The system is beginners friendly. 

  • There are six pairs allowed to work. 

  • The monthly profitability can be 20-30%. 

  • Increasing risk can increase the total profitability up to 50-100% monthly. 

  • We have an “internal settings optimization system.”

  • The risks have to be set by us as we want. 

  • We can expect to revive a user manual with instructions, recommendations. 

  • We should rely on welcome and knowledgeable support. 

  • The advisor will receive updates during the whole time. 

Backtest data analysis

Automatic Trader backtest.

We have a backtest report that was performed on several pairs. The system was tested on all pairs at once. The total net profit has amounted to 736.12% or $44,167. Automatic Trader has traded 960 orders. It had 2.79 of the profit factor. The total accuracy was 76.35%. An expected maximum drawdown of 10.7%. 

Live trading data analysis

Trading Results

Myfxbook Account

Real (USD), BlazeMarkets

Started

April 07, 2021

Deposit

$1000

Balance

$2772.96

Gain

177.3%

Daily

0.48%

Monthly

15.62%

Drawdown

32.95%

Profitability

2.53

 Automatic Trader trading results.

The system has its own real account to show us how good it can work under various market conditions. The robot works on Blaze Markets with 1:200 leverage automatically. The account has a verified track record. So, the data should be trustworthy. It was created on April 07, 2021, and deposited at $1,000. Since then, the absolute growth has amounted to 177.3%. 

Automatic Trader trading details.

There were 228 deals with 3217 pips executed. An average win is 31.35 pips when an average loss is a bit deeper – 42.82 pips. An average accuracy for long trading positions is 78%, while for shorts it is a little bit lower – 74%. The robot trades with arade frequency of 2 days and a profit factor of 2.53. 

Automatic Trader directions.

The advisor focuses on opening orders on five cross pairs. AUDUSD is one of them with 44 deals traded. Most of the profits were obtained on EURGBP – $428.13.

Automatic Trader trading hours.

The robot opens orders during the night session mostly when the market is calm. 

Automatic Trader daily activities.

Tuesday with 36 deals and Friday with 35 deals are the less traded days. 

Automatic Trader risks.

We’d like to note that the risks are medium because there should be 13 losing trades in a row to lose 10% of the total account balance. 

Closed orders.

The system works with a combo of Grid and Martingale strategies. 

The company

Automatic Trader’s profile on LeapFX.

Automatic Trader is the number one robot in the LeapFX’s portfolio. 

Fake testimonials.

There are only on-site testimonials. Of course, they don’t look trustworthy. 

Pricing

Pricing details.

The annual subscription is available for $497 when a lifetime license costs $650. There’s automatic software, free updates, full customer support, best recommendations, 30-day refunds, and a $100 bonus in the package. 

Review summary

Pros

Cons

  • Backtests provided
  • No risk advice shared
  • Trading results shown
  • No team revealed 
 
  • No strategy explanations provided 

Automatic Trader is a Grid and Martingale system that works on the real market with medium risks. The presentation is flooded and not quite informative. We don’t know if it will work stable for the next several months. We have to wait to be sure that it’s safe. 

Rating: 3/10


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