Trade Explorer Review
Trade Explorer is another robot of Leap FX. As usual, the presentation starts with the deal to exchange our email for their endless spam to “news” and “updates” about the robot. This EA is introduced as the advisor that can generate up to 38% of the monthly gain.
Trading Strategy Explanation
Having provided them with a fake email, we reached the presentation. As usual, the presentation is a wall of text for those who are not familiar with Forex. We managed to create a list of features with some screenshots:
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The robot trades fully-automatically for us.
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It can be run on 27 currency pairs.
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The system is beginner-friendly.
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The robot focuses on spotting trends using Price Action data in trading.
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Smart trend management allows trading with quite low drawdowns and providing good returns.
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It’s how the EA looks when attached to the chart. There’s nothing special at all.
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Their common promotion is addressed to 9-5’ers.
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There are automatic settings. So, we won’t need to set anything after purchasing.
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The EA works 24/5 to detect trading opportunities and open a trade.
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There’s knowledgeable support.
Backtest Data Analysis
There’s everything that a non-Forex person wants to read, but no backtests are provided. This is exactly what traders look at first. It’s bad because we’re sure that the dev had them.
Live Trading Data Analysis
There are two widgets (left) and two screenshots (right).
It’s a real USD account on FX Choice. The robot runs it automatically using technical indicators with 1:200 leverage on the MetaTrader 4 platform. The account has a verified track record, so we can be sure there are not removed parts of trading activity. It was created on May 13, 2020, and funded at $5000. Since then, the absolute gain has become +63.81%. An average monthly gain is +7.07%. The maximum drawdown is 16.89%. Twenty-two traders track this account.
As we can see, the most traded symbols are GBP/USD (203), EUR/GBP (137), and NZD/USD (134).
Trade Explorer opens trades all day, focusing on Asian and European trading sessions.
It trades equally all days, opening almost the same number of trades each day.
The account is run with incredibly low risks to the account balance.
The robot hides SL levels from brokers not to be hunted. As we can see, it uses Trailing Stop Loss to close trades with profits.
After stopping a previous account, this one has only three and a half months of trading results. The EA can be consistently profitable.
The company
The company has a profile on Forex Peace Army with a 3.57 rate from 5 possible, based on ten reviews. There are many other connected services and sites.
The devs have a policy if something goes wrong, tell everyone that the robots work well.
The developers just blame people back without providing any proof that this person black-mail them.
Pricing
There are two packages: One Year Membership and Lifetime Membership. The first one costs $397 for an annual subscription. The Lifetime membership costs $697. Both packages are featured with free updates and upgrades, support, recommendations, and a 30-day money-back guarantee.
Review Summary
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Conclusion
Trade Explorer is an all-new robot with three months of trading results. So, in this case, the presentation should make it clear every aspect of the robot’s performance for us, but to no avail. The developers didn’t provide explanations and details of the main strategy and indicators behind it. There’s no money-management advice, risk advice, margin requirements, and many others. For now, it’s so risky to buy it.
Rating: 5/10