Today’s robot to review is Bounce Trader that’s published by LeapFX.
We’re welcomed by a manipulated statement about 900% of the profits in several months.
There’s Charlie Hudson, who has designed the Bounce Trader robot. Of course, it’s a lie. If so, there would be a link on Facebook or MQL5 profile. We’ll be able to check everything and ensure that this person is real.
Detailed Forex Robot Review
Let’s talk about the features and strategies behind the system:
- The system trades fully automatically for us.
- The robot doesn’t use martingale. It’s a lie.
- It doesn’t use Hedging.
- The EA is FIFO-Compliant. So, people from the US can use it as well.
- We can trade with any leverage, but probably from 1:100.
- The system is beginner-friendly.
- The minimum deposit is $100.
- The system doesn’t use huge Stop Losses.
- It sets Stop Loss and Take Profit levels for every deal.
The system uses Momentum to determine oversold and overbought levels. It looks for a reversal opportunity.
The Price Action strategy allows noticing highs and lows of the price, moving and opening trades when the market turns.
The support and resistance levels allow knowing when the market goes in the opposite direction if there’ll be no breakout.
Bounce Trader Strategy Tests
The robot doesn’t have any backtests. It’s weird as for a system with well-explained strategies on the board. It’s a huge con because we can’t compare the present results on the trading account with the backtest data.
Real Account Trading Results
It’s a real USD account on FX Choice. The robot uses fundamental techniques, trading automatically with 1:200 leverage on MT4. This account has a verified track record. It was created on May 13, 2020, and deposited at $500. Since then, the absolute gain has become +1347.15%. An average monthly gain is +54.87%. The maximum drawdown is 22.93%. This account is tracked by 99 traders.
The drawdowns aren’t high.
Bounce Trader closed 54 deals with 1030 pips. An average win is 41.20 pips when an average loss is -58.31 pips. Win-rate is 76%-78%. An average trade length is over sixteen hours. The Profit Factor is 3.65.
The robot trades GBP/USD equally by frequency. The most profits were brought in the SELL direction – $3887.
The robot trades just several hours daily.
The EA trades all days equally by frequency.
The robot runs the account with low risk to the account balance.
As we can see from trading results, the EA uses Martingale. The worst is that the EA uses increasing Lot Sizes randomly.
As we can see, the average monthly gain is 9%-19%, not more.
As usual for Leap FX. There are two packages: the annual subscription and lifetime membership. The annual membership costs $347. The lifetime membership costs $597. Both of them are featured by free updates, welcome support, and a 30-day money-back guarantee.
LeapFX has a page for all its products on Forex Peace Army.
There’s nothing new in seeing positive as well as negative feedback.
Bounce Trader is a trend and price action robot that runs a real USD account for several months.
The developers insist that there’s no Martingale on the board, but there is. It’s a huge con because people who don’t know how to “read” trading results will be frauded.
Pricing is so high compared to other EAs with similar monthly gains.