AUTOMIC TRADER is a Forex advisor built by the LeapFX team. It promises a minimum of 20% monthly profit with low risk and trades in multiple currency pairs. To check the veracity of this claim, we must conduct a detailed analysis of its live performance along with other aspects.
Detailed Forex robot review
On the official webpage, we can see some of the main features of the system are highlighted. We have a video introducing the robot and explaining how it functions. There is a link to a live trading account, but we cannot find any historical test results. The seller has also shared some information on the pricing plans.
There is very little information available on LeapFX, the company behind this expert advisor. The headquarters of this organization is located in New York, but we have no data about its service history and year of foundation. Unfortunately, we are unable to find any information on the team members. The lack of vendor transparency is not a sign of reliability, and it wouldn’t be a stretch to say that this might be a scam service.
AUTOMIC TRADER deals in currency pairs like USD/JPY, USD/CAD, EUR/USD, GBP/JPY, EUR/GBP, and AUD/USD. It has an account protection feature, but we are not sure how effective it is, since the vendor has not explained it in detail. In fact, none of the features have been explained properly, which is highly concerning.
This EA has three risk settings, namely low, medium, and high. After purchasing the software program, you need to select the desired risk setting and start trading. The vendor provides a setup guide with recommendations for the EA settings.
There is a mention of customer support, but no official contact information exists, which will surely make things difficult for users. Providing customer support solely through a website contact form is not very practical. By purchasing one of the plans, you also get access to free updates.
AUTOMIC TRADER strategy tests
On the official website, we couldn’t find any explanation for the trading strategy. Strategy insight is an important piece of information that every Forex trader looks for. It tells them whether the robot is likely to generate profits in the current market scenario. Different systems use different strategies and it is wise to make sure the trading scheme suits your personal trading style. The lack of strategy insight thus comes as a major disappointment.
Backtesting results are not available for AUTOMIC TRADER. It is odd that the vendor does not wish to reveal the results of historical tests and we think it indicates their lack of confidence in this EA.
Real account trading results
This live trading account on Myfxbook has been up and running since April 2021. Due to the extremely short trading history, it is difficult to conduct an objective assessment of its profitability. The EA has placed only 232 trades through this account, and currently, it has a win rate of 77%.
The total profit generated through this account is $1806.95, while the time-weighted return is 180.7%. Due to the high drawdown of 32.95%, it is highly prone to losing trades. It has a profit factor of 2.56.
Last month, the EA suffered 5 consecutive losses. Clearly, it follows a risky trading approach. Therefore, we cannot consider this a safe trading system.
There are two pricing plans for this robot, one for a yearly membership and the other for a lifetime membership. You can purchase these plans for $497 and $697, respectively, but we don’t think the EA is worth this much money. There is a 30-day money-back guarantee for this robot.
We couldn’t find any user reviews for AUTOMIC TRADER and this indicates a lack of reputation. Without any reviews, we cannot tell whether the company stays true to its words and offers refunds in case of poor performance.
AUTOMIC TRADER is not a system you should invest in. It carries a hefty price tag and uses a risky strategy that leads to consecutive losses. Also, the company has no reputation and there are no customer reviews that tell us about the user experience.