The Money Tree Robot Review

The Money Tree Robot is a fully automated trading software that promises high returns with its successful strategy. As per the vendor, the robot has accumulated more than 700% profit in just 3 months. This FX EA is easy to use even if you do not have any prior trading experience. The vendor provides live trading results verified by the myfxbook site to prove the efficacy of the FX robot. Cory Ross is the developer of this software. He has over 12 years of experience in the industry. He has developed the product for LeapFX, which is a brand reputed for its FX trading tools and other related products.

The Money Tree Robot

Trading strategy explanation

It is beginner-friendly software with easy installation and no need to adjust the settings except for the risk.

• The system does not use grid or hedging methods.

• It is compliant with Prop firm so you can use it with prop firm trading.

• The FX EA has a winning rate of more than 90%.

• The ATS works on 17 currency pairs.

• A dynamic trailing system approach is the main strategy that the FX robot uses.

• All orders include a tight SL without losing streaks.

• The FX EA uses a blend of custom volatility filters and custom moving average filters.

• The robot uses a short-term trend in the present of price momentum to lock profits in a short term.

• It uses smart filters to avoid losing trades and hence trades frequently but not daily.

Backtest data analysis

No backtests are present for the system. Backtests help to test the efficacy of the system against historical data. Although the test is based on past data and cannot predict future performance, traders favor backtesting as it helps understand the strategy and its effectiveness. The absence of backtests makes it difficult to analyze the system and its efficacy.

Live trading data analysis

The vendor provides a real live USD account verified by the myfxbook site. Here is a screenshot of the growth curve and trading stats.

From the above images, we can see that a total profit of 1006.45% is generated with a daily profit of 2.17% and a monthly profit of 90.91%. A drawdown of 18.79% is present for the account which started with a deposit of $1000. 

A total of 193 trades were executed with a profitability of 92% and a profit factor of 3.35. The win rate foor both long and short trading positions is high, ranging between 91% and 92%. An average loss (-$285.7) is 3 times higher than the average win ($80.62). It means that the system trades with high risk. In case of 4 losing deals in a row, 10% of the account balance will be lost.

From the trading history we can see that loses are much higher than the wins. A lot size is hidden, because of the Martingale applied. Although the trading resuts are good, a combo of Grid and Martingale approachesmy esily ruin this trading account.

Pricing

To purchase the FX robot, you need to pay $597 which is for one-year membership access to the software. For the lifetime membership, the ATS will cost $899. Features available with the membership plans are free updates, customer support, best recommendations, and a 30-day money-back guarantee. When compared to the price of competitor systems in the market, we find the price is expensive.

Support

For support, the vendor provides an online contact form and an email address. We could not find other support methods like a live chat feature, FAQ, etc.

User reviews

Unfortunately, we could not find user feedback for this FX EA on trusted third-party sites like Forexpeacearmy, Trustpilot, etc. However, we found reviews for the company on the Trustpilot site. There are 14 reviews with a rating of 4.1 /5. As per the user testimonials, the products of the company like Dynascalp, Trade Explorer, etc. are working effectively. 

Review summary

Pros

• It is a fully automated software

• Money refund policy

Cons

• Hidden data in verified results

• Small sample size

• Expensive pricing

The Money Tree Robot assures a high average monthly return and short-term trades. From the live verified results provided by the vendor, we find that the sample size is small and the information on the lots used for the account is hidden. The small sample indicates that the results are random while the hidden data raises doubts about the dependability of the product. Other shortcomings we noticed in the product are the expensive pricing, risky trading approaches, and insufficient vendor info. 

Rating: 5/10