News Action Trader is a relatively new automated Forex trading system that is designed to trade and get profit from global economic events. The software is developed by Russian engineer and experienced trader Mikhail Zaprudin. Recently he started to sell his expert advisors on the MetaTrader Market. And now his forex robots are promoted by the LeapFX team. We’ve already reviewed some of the forex robots offered by them, including Econ Power Trader and The Wave Scalper, and they’ve got an average rating from us. Let’s check whether News Action Trader can be one of the best forex robots or it’s just another Forex EA.
|COMPATIBLE TRADING PLATFORMS
|CURRENCY PAIRS AVAILABLE
|GBPUSD, XAUUSD, USDCAD, NZDUSD, AUDUSD, AUDJPY
|$397 (full) / $247 (monthly)
|MONEY BACK GUARANTEE
|Yes (30 days, full refund)
The vendor offers two ways of purchasing the robot:
- One Time Payment – for $397 you’ll get a lifetime license for News Action Trader and News Feed Software with free updates, support and settings recommendations;
- 2 Monthly Payment Plan – $247 per month for 2 month, then it becomes a lifetime license.
News trading is not an easy task, especially when it comes to automating the process of trading. There’s a lot of factors that we should take into account. The most crucial factor is spread expansion. In order to trade the major news profitably, the robot has to analyze the dynamic spread. Mikhail Zaprudin promises that he developed an advanced algorithm to solve this problem and his system will dynamically adapt its parameters based on slippage and spread values.
News Action Trader concentrates on those long candlesticks that appear on the chart after economic releases. The software analyzes real-time information from different news sources and tries to take the best advantage from this data at the right moment. In some cases, it can place multiple trades at once or even cancel out trades if there’s a risk to fail. The system is fully automated, and there’s no need for trader’s involvement. This type of strategy requires to have a high-quality and fast connection with your broker, so we recommend you to consider Forex brokers offering VPS services to guarantee quick execution of the trades.
Let’s take a look at the real data. Mikhail maintains one trading account open for viewing and analytics verified by two third-party services – myfxbook and fxblue. It’s a real USD account with a $990 deposit trading on the MetaTrader 4 platform. It has a Pepperstone as a brokerage company, with 1:100 leverage. Since October 2017, News Action Trader could manage to grow the account by 229% (as of March 2020).
Despite these pretty much impressive results overall, we are concerned that the system may lose its actuality. Analyzing monthly gain change, we can see that since December 2019, the robot is making a lot of losing trades and showing negative results. So, at this moment News Action Trader quite far from “up to 150% profit a year” claiming.