The Fund Trader is a Forex automated trading system that claims to have generated a 29,000% profit in a verified brokerage account. It is compatible with 18 different Forex pairs and avoids using risky strategies. As per the vendor’s claims, it is a beginner-friendly system that works well with small accounts.
How The Fund Trader robot works
On the official website, the developer has clearly outlined the main features of the system. We have a list of supported pairs followed by some trading statistics. The developer has also explained the trading logic and shared the details of the pricing plans.
This EA is a product from LeapFX, an automated trading systems development company based in New York, United States. This team has several years of experience in developing Forex EAs. Some of their popular products include Bounce Trader, Trade Explorer, AX Trader, DynaScalp, Automic Trader, and Funnel Trader 2.0. The chief developer is Gordon Francis. He is a pro trader who used to work with a Forex trading firm based in London.
The Fund Trader avoids using risky trading strategies like hedging, grid, and martingale. It is compatible with currency pairs like AUD/CHF, AUD/JPY, AUD/USD, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/AUD, GBP/CHF, GBP/JPY, GBP/USD, USD/CAD, USD/JPY, and XAU/USD.
The minimum account balance for this EA is quite low at $250-$500, and this makes it suitable for novice traders. You can choose the maximum risk for trades as well as the trade size. After you’ve done this, the system will run on autopilot, copying trades from the analyst’s account and executing them in yours. It copies all the actions, including the opening and closing of trades.
Applied strategies
For analyzing the market conditions, the EA follows a two-step approach. It analyzes the technical and fundamental levels for each pair. By doing this, it determines the trade direction as well as the entry points. After that, it uses a semi-automated program to monitor and calculate the exit points. On average, it keeps an order open for 5-24 hours. At this moment, there are no backtesting results for this expert advisor. However, there are some screenshots of past trading activity dating back to 2016-2021.
For this account, the EA managed a growth of more than 60,000% and generated a total profit of $114010.53.
We can see that from 2016 to 2021, the EA managed to generate consistent gains.
The Fund Trader trading results
This live trading account on Myfxbook was launched on April 28, 2021. Since that time, the EA has conducted only 118 trades through this account. This tells us that it doesn’t follow a high-frequency strategy. Instead, it waits for the right time to place the orders. The account currently has a very high win rate of 86%. By maintaining such a high win rate, it has been able to generate a total profit of $14,695.63.
The account has experienced a growth of 234.62% since it was launched. At this moment, the daily and monthly gains are pretty solid at 0.35% and 11.41%, respectively. However, looking at the high drawdown of 89.17%, we can tell that the EA follows a risky trading strategy. Given the high win rate, the robot should be able to recover large losses suffered due to risky trades. The profit factor for this account is quite impressive at 7.50.
By analyzing the trading history of the account, we can see that the EA wins profits at a steady rate while hardly suffering losses. For the last 20 trades, it has used a lot size of 0.50. The average win and loss for this account are 52.75 pips/$167.89 and -94.56 pips/-$133.01, respectively.
Pricing & refund
There are two pricing packages for this expert advisor. The first one is a 3-month membership plan that costs $297, while the second one is a yearly plan that costs $597. Both plans come with free updates, best recommendations, and customer support. Compared to other EAs on the market, the plans are quite affordable. Additionally, the vendor offers users the protection of a 30-day money-back guarantee.
Other notes
There are no user reviews for this EA. However, LeapFX has a rating of 4.1 out of 5 on Trustpilot based on 14 reviews. The users have heavily praised the performance of the EAs, claiming that it helped them make money every month. On the official website, you can find the email address for the support team as well as a contact form.
