Leapfx has developed an algorithm that capitalizes on news events which creates a good amount of volatility. The robot trades exactly when any major financial release happens. It comes with lifetime support, settings, and currency pairs.
How News Action Trader works
News action trader is available to download after you make a purchase. You have to place the expert advisor in the experts’ directory of the MT 4 or 5 platform and refresh the respective tab in the software. After that, enable auto-trading and place the robot on the respective charts to begin trading.
The developer of the algorithm is Mikhail Zaprudin, who states that he was an engineer who used to develop a highly reliable system for power stations for five years. He chose to trade the forex market as it was open 24/5 and began developing algorithms as it was hard to control his own emotions. After extreme testing, he developed the News Action Trader as his go-through automated trading solution.
News Action Trader has the following features:
- Includes support for both MetaTrader 4 and 5
- Offers free updates for a lifetime
- It comes with the best settings
- Works with multiple currency pairs on auto mode
The developer states that the News Action Trader takes out the hassles of placing buy and sell stops during economic releases manually. The robot works in auto mode and captures all the important data before any financial event, making it ready for the future. As soon as the news comes out, it opens and closes trades within a split second, which is impossible manually. If the trading conditions such as slippage and spread are not right, the expert advisor will not open any positions. Analyzing the trading history on Myfxbook, we can see that each trade comes with a fixed stop loss. The average trade duration is 2 minutes which shows that the expert advisor scalps news releases.
Unfortunately, there are no backtesting results available that we can use to judge the system’s performance. The robot might have failed during backtesting and, therefore, the developer decided not to share it.
News Action Trader Trading Results
Verified trading records are available on Myfxbook that show the experts’ performance from Oct 25, 2017, till June 19, 2020. The average monthly gain was 2.89%, with a drawdown value of 20.45%. There were 2638.49 dollars in deposits and $3573.60 in withdrawals. The expert advisor had a winning rate of 65% with a profit factor of 1.30. The best trade tanked in $82.27 while the worst was -$94.54. The robot had started to show poor profitability which was the reason the developer decided to withdraw all his funds. Bad performance during the last trading months on Myfxbook is evident from the balance curve.
Pricing & Refund
The robot can be purchased for $247 that will get a license for two months. A lifetime subscription is available with a one-time payment of $397. There is a 30-day money-back guarantee if you are not satisfied with the purchase. Considering the performance of the system and the fact that it has not performed well during the ending months, the robot is not a worthy investment.
Customer reviews are available for Leapfx on Forex Peace Army, which gives the company a rating of 2.944 for 14 feedback. Traders complain that the systems are unable to deliver on the promises that the company makes. They also state that the owners are asking traders to provide good reviews.