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.

Trade Explorer presentation

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:

Trade Explorer Product Offering

  • The EA works fully-automatically.

Trade Explorer currency pairs

  • 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.

Trade Explorer chart

  • 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.

Trade Explorer price

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

Trade Explorer Myfxbook

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%.

Trade Explorer advanced statistics

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.

Trade Explorer trading results

The EA truly trades all these pairs. The most profitable ones are GBP/AUD ($522), USD/SEK ($265), and GBP/CAD ($191).

Trade Explorer trading results

The EA trades mostly during European trading hours.

Trade Explorer trading results

All days are traded equally.

Trade Explorer trading results

The EA runs the account with little risk to the account balance.

Trade Explorer trading results

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.

Trade Explorer monthly gain

The system is profitable for several months in a row.

Customer Reviews

Trade Explorer Customer Reviews

There’s only a LeapFX page on Forex Peace Army. 

Trade Explorer Customer Reviews

We can see some negative testimonials. 

Trade Explorer Customer Reviews

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.

Trade Explorer Customer Reviews

If you have no receipt, you can’t get a refund. At least, there are three likes on this post.

PROS
Real account trading results
A 30-day money-back guarantee provided
CONS
No team revealed
No settings explanations provided
No backtests provided
An average loss is almost five times higher than an average win
High pricing
No people feedback about this product provided
3
Verdict
Trade Explorer is a trend trading EA that has several months of trading results on the real account. The robot is so young to tell something for sure about it. So, we have to check its trading performance for at least half a year or so to be sure it’s stable because it costs so much compared with other similar EAs.

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