Forex trading has undergone some changes in recent times. With automation finding its way into the world of trade, many Forex traders are placing their trades with the help of EAs and robots that are programmed by developers using certain strategies and indicators.
Easy Money X-Ray Robot is a product from the LeapFX team that claims to provide huge gains within a short period of time. Apparently, you can use this robot to make profits even if you have never placed trades this way before.
But, it takes more than mere words to judge the efficiency of a system, so an unbiased review of the system is often needed, after going through which, you can decide for yourself whether you should invest money in it.
On the company website, the main features of this EA are highlighted. We can start trading with a small amount of $250 and as per their claims, make a profit of 35%-50% without any manual inputs. LeapFX claims to have developed this robot by partnering up with some of the top developers and traders, but unfortunately, there is no contact information provided for these developers so the information cannot be verified.
There is a presentation video detailing the plus points of the system, but it seems more like a marketing ad because no revelations are made about the vendor or the strategies that are used for placing the trades. We have the option of contacting the LeapFX team through email, but it doesn’t tell us about the location of the vendor.
Easy Money X-Ray Robot offers two pricing plans. The first one costs $347 for a 1-year membership where we get the full software, along with free lifetime updates, customer support, best recommendations, and a 30-day money-back guarantee. For a lifetime membership, we have the second plan, which costs $597 and offers you the same features as the first plan.
Easy Money X-Ray Robot
|Currency Pairs||Not disclosed|
|Recommended Min. Deposit||$250|
As the information on the website, this EA uses a quad indicator system for pointing out trading occasions. A dynamic management system is used for locking the profits without the user making any adjustments to the settings at their end. You only need to select the amount of risk you wish to take and the rest is taken care of by the robot.
The system is entirely plug-and-play, and everything from the opening, managing, and closing of trades are done by the EA. While this is all nice, an experienced Forex trader needs to know about the technical aspects of the strategy, the details of which are missing here. There is also no mention of the currency pairs traded by this system or the leverage amount.
Moreover, there is no information about the trading time frame, and all of these tell us that this is not a Forex EA that can be taken seriously.
A few live trading results on myfxbook are provided on the company website, and we can see one of them above where a profit of 278430.61 has been made from deposits of $454,643.29. This particular account shows that 64% have been won, with an average win of 6.27 pips/$136.95. The profit factor is at 1.47, which can be said to be decent, but it doesn’t justify the promise of mammoth returns mentioned on the company website.
When it comes to backtesting, there is no information to be found anywhere. This is a cause for concern because many traders wish to find out how the system performs based on historical data.
We couldn’t find any reviews for this Forex EA on third-party sites like Forexpeacearmy, myfxbook, or Trustpilot. All we have are some screenshots of customer testimonials that show huge profits being made in short periods of time. But, we have no way to verify if these are real clients, so they are not very reliable.