The Money Tree Robot is marketed as an amazing system that supports multiple pairs. As per the vendor, it has a history of accumulating more than 700% profits within three months of live trading. The EA restricts the number of trades it conducts on a pair to protect your investment. We explore the other components of the system to gauge if it is worthwhile or not.
Detailed Forex robot review
The EA comes with the following features:
- It is NFA and prop firm compliant.
- The robot supports 17 currency pairs, but can be tested on other ones. Some of the symbols used include AUDCAD, AUDCHF, AUDNZD, AUDUSD, EURAUD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, etc.
- It applies a low stop loss.
- The system is 100% automated and beginner-friendly.
- Uses custom volatility filters along with custom moving average filters.
- The dev provides a clear, detailed manual with graphics and instructions.
The Money Tree Robot was invented by LeapFX, a company that sells Forex robots and trade signals, and provides managed account services. The organization has been around since 2018 and has managed to create many tools, including Stealth Trader, Funnel Trader, Automic Trader, Trade Explorer, etc.
The Money Tree Robot strategy tests
The EA focuses on the short-term trend in the presence of momentum so as to lock in profits within a few hours. The vendor also indicates that the grid and hedging strategies are not implemented.
No backtest results for this EA are shared. Backtesting is a vital component of developing an effective trading system. The outcomes generated normally provide stats for gauging the workability of a strategy.
Live account trading results
This is a real USD account that was opened about 4 months ago, and thanks to the EA’s trading activities, it is now $10325.37 richer. Correspondingly, the deposit has increased from $1000 to $11325.37. The monthly profit rate is 91%, while the total gain is 1032.54%. From these figures, we can tell that the robot is very profitable. Trading risks are also small, going by the small drawdown (18.79%) generated so far.
There are 197 completed orders, which have generated 1445.9 pips. The long (91%) and short positions (93%) have reported outstanding win rates. A profit factor of 3.41 also accentuates the EA’s high profitability rate. So far, the profit made by the best trade ($416.88) is lower compared to the loss incurred by the worst trade (-$800.20).
The EA makes numerous profits monthly, with March being the most lucrative period. However, the earnings have been reducing recently.
According to the stats above, the account is at high risk of being blown up.
The system operates on short time frames and attaches a TP to every order. The trades have brought in substantial profit amounts to date.
The Money Tree Robot features two plan choices. You can either invest $597 annually or pay $899 to obtain a lifetime license. The features included in the packages are free updates, full customer support, best recommendations, and a 30-day refund policy.
There are no customer reviews for this robot on either Trustpilot or Forex Peace Army. This might be attributed to the fact that the bot is new to the market. Perhaps it has not caught the attention of traders yet.
The Money Tree Robot shows impressive trading results in the live market, indicating that it can grow your investment by a great deal within a short trading period. Even then, we have realized that it can equally increase your account’s risk of ruin fast. So, you need to be careful with the product.