We have prepared a review of Trade Explorer. It’s another EA that was hosted under the LeapFX brand. The main page welcomes us with an offer to trade our email for their endless spam for access to the presentation. As usual, we provide a fake one.
The presentation starts with the statement that the EA can make up to 38% of the monthly profit trading all available in MT4 currency pairs.
Product Offering
Let’s talk about its features:
- The EA works fully-automatically.
- We can run it on 27 currency pairs.
- It doesn’t require us to have previous trading experience.
- Default settings are everything we need.
- We can use it on a Standard, Mini, or Micro account.
- The money-management system makes big profits decreasing drawdowns.
- The EA provides much intel connecting to the chart.
- We’re free to start trading with any account size.
- It works well with any broker.
- There’s a user guide provided to help us setting everything up.
- Free updates, upgrades, and welcome support.
The EA is sold in two packages: one-time payment and annual membership. The annual subscription costs $397. The lifetime membership costs $697. Both packs are featured by a 30-day money-back guarantee.
We’ve removed typical LeapFX’s noise that looks like a wall of endless text. So, it’s everything the developers wanted to say to us.
Trading Strategy
The EA monitors the market to spot trends and price action opportunities while ignoring sharp movements and market noise.
Trading Results
There’s a real USD account on an FX Choice broker house. The EA trades automatically using technical indicators with 1:200 leverage on the MetaTrader 4 platform. This account has a verified track record. It was created on May 13, 2020, and funded at $5000. Since then, the absolute gain has become +65.95%. An average monthly gain is 7.16%. The maximum drawdown was in the middle of the pack – 16.89%.
The EA traded 2212 deals with only 132 pips. An average win is 28.69 pips, and it’s far behind an average loss – 110.49 pips. The win-rate is 78% for Longs and 80% for Shorts. An average trade length is over one day. The Profit Factor is 2.18.
The EA truly trades all these pairs. The most profitable ones are GBP/AUD ($522), USD/SEK ($265), and GBP/CAD ($191).
The EA trades mostly during European trading hours.
All days are traded equally.
The EA runs the account with little risk to the account balance.
The system has broker protection, so there’s no SL level shown. The EA uses different Take Profits and Trailing Stop Losses to close deals in a profit.
The system is profitable for several months in a row.
Customer Reviews
There’s only a LeapFX page on Forex Peace Army.
We can see some negative testimonials.
We don’t know who’s right in this case, but it’s funny if LeapFX blames a person for what he didn’t do.
If you have no receipt, you can’t get a refund. At least, there are three likes on this post.
