Automated Trader is developed by Leap FX, coming with an account protection feature while aiming at monthly profitability of more than 20%. The algorithm can work on multiple currency pairs. The system also comes with a detailed setup guide with recommendations to help you with trading. In this review, we will review the product and shed light on all the pros and cons to see whether it can be profitable.
Is investing in Automic Trader a good decision?
The algorithm comes with free lifetime updates and records on Myfxbook, which show a steady gain. There are detailed backtesting reports that clear our conscience on its historical performance.
Company profile
As mentioned before, Leap FX is the company behind Automic Trader. They provide account management services and only hire proper developers with solid experience. Investors willing to reach out to the authors can contact them by filling out a form on the website.
Main features
The robot comes with the following main features:
- The system is fully automated.
- It has account protection features.
- The algorithm can trade on multiple currency pairs.
- It guarantees more than 20-30% profit each month.
To install the EA, use the following steps:
- Purchase the robot from the developer and download it on your platform
- Enable auto trading button
- Drag the algorithm onto the charts to start trading
Strategy
The developer states that the EA uses momentum and volatility measurements to trade on six currency pairs at the start of the trend. From the history of Myfxbook records, we observe use of the swing trading approach. The algorithm uses averaging and martingale strategies to trade with a profit factor of 1.55.
Price
The robot is available for an asking price of $497/year and comes with a 30-day money-back guarantee to offer peace of mind. To get lifetime access, investors have the option to pay $697 in one go.
Trading results
The developer provides backtesting records, showing us that the monthly profits stand at 9.32%, with a drawdown of 10.7%. The winning percentage stood at 76.35%, with a profit factor of 2.79. There were a total of 960 trades bringing in $44167.05.
There is a live trading account on Myfxbook. It was created on April 07, 2021. Since that time, the system has made an average monthly gain of 9.41%. The robot brought in a total gain of 157.51% for the period.The winning rate stood at 74%, with a profit factor of 1.55. The best trade was $139.97, while the worst was $211.29 in 340 trades. The developer made $1000 in deposits on a live account which adds to the credibility of the EA.
Customer testimonials
The company has a total rating of 3.152 for 16 reviews on Forex Peace Army. One of the traders says that they have purchased some of the robots from the website and consider them excellent. The account balance is growing, and the trading is profitable. The developer is putting a lot of effort into making their systems better.
Is Automic Trader a viable option?
Advantages
- 30-day money back guarantee
- Provides live records on Myfxbook
- Backtesting report available
Disadvantages
- Uses grid and martingale
Summing up
Automic Trader comes with live and backtesting records that can be used to gauge its performance. The developers provide good customer support to solve any issues and update their systems regularly. There is a 30-day money-back guarantee if you are not satisfied with their products.
