Today, we’d like to talk about Trade Explorer. It’s another robot of LeapFX. The intro page looks scam-like as usual. After clicking Click Here For Access, we must provide an email. LeapFX is probably in the top ten by spam. You should never provide your real email.
Having gone to the presentation page of Trade Explorer, we saw the positive statement of how the EA is profitable, trading all available in the terminal pairs.
Trade Explorer Features
The EA has many features, but the presentation is wordy and good-for-nothing, so we gathered up everything important in the list:
- The robot trades automatically on MT4.
- It trades 27 currency pairs.
- It’s beginner-friendly software.
- It’s a set and forget robot.
- The EA provides high returns, trading with low drawdowns.
- The EA provides much detailed info when it’s attached to the chart.
- The inbuilt settings don’t need to be changed to make profits.
- The robot will receive updates for life.
- There’s a cool and ready-to-help team.
That’s all the devs wanted to tell us in their 24-page presentation.
There are two packages: Annual Membership and Lifetime License. Membership costs $397 annually. The lifetime license costs $697. Both packages are featured with a 30-day money-back guarantee.
How it works
The EA is very simple in use. We have to attach it to the chart. The robot does the rest on its own.
The EA focuses on identifying trends and price action, ignoring fake trends and others.
There are four widgets and pictures of verified accounts. The last two are unclickable, and there are no them in the list of LeapFX’s EAs.
It’s a real USD account on FXChoice. The robot trades using technical indicators automatically with 1:200 leverage on the MetaTrader 4 platform. The account has a verified track record. It was created on May 13, 2020, and deposited at $5000. An average monthly gain is +5.93%. The maximum drawdown is 4.97%. Seventeen traders track the account.
There were 1735 deals with -944.5 pips traded. An average win is 29.70 pips when an average loss is almost five times higher (-119.38 pips). Win-rate is 79%-80%. An average trade length is one day. The Profit Factor is 2.24.
There were many symbols with different results traded. The most profitable are USD/SEK (+$252.96), NZD/JPY (+$163), and AUD/CHF (+$145.83) currency pairs.
We were surprised to see that activity after Midnight when spreads are insane even on the raw-spread accounts. The robot focuses on trading a European trading session.
The less traded day is Friday.
The robot trades with little risk to the account balance. There’d be 133 losses in a row to lose 10% of the account.
The 18 from the 20 last trades were profitable. The EA uses fixed Lot Sizes and hides Stop Loses.
The second account was stopped after these horrible results at the end of September 2020. The robot used Grid, sometimes having increased Lot Sizes.
The main account has three profitable months in a row.
LeapFX connected their live account to the Forex Peace Army page. There are no people’s feedback and reviews.
Leap FX has many products for various developers on the board, but all their presentations look unprofessional, wordy, and provide little info, keeping a huge lack of the intel for making a wise decision. They focus on the emotional side instead of the professional one.