The Money Tree Robot is an expert advisor that claims to have generated a profit of more than 700% in 3 months. As per the vendor, this is an automated system that is simple and easy to use. You need not have trading experience beforehand to operate this software. The vendor provides real trading results verified by the myfxbook site to prove the claims of profitability.
How The Money Tree Robot works
Cory Ross of the LeapFX team is the developer of this FX robot. The company is reputed for its diverse range of services that include automated FX trading tools, managed account service, brokers, and virtual private servers. Other products of the vendor include Stealth Trader, Funnel Trader, Dynascalp, and many more. For support, an online contact form and an email address are present. We could not find other support methods such as a live chat feature, FAQs, etc. However, the vendor mentions that users can contact the vendor via Skype or Telegram upon request.
Some of the key features of the FX robot that make it competitive as per the vendor are:
- It is a 100% automated software that is beginner-friendly.
- The FX robot has a win rate of more than 90%.
- It can work on 15 currency pairs.
- The FX EA has a low stop-loss and low account exposure risk.
- It is a prop firm and NFA compliant software.
- The ATS does not use hedging or grid methods.
- This expert advisor can generate a high average monthly return.
- Trade duration is less than five hours on an average.
The developer does not explain the strategy used by the expert advisor. There are no backtests that can help understand the approach and its efficacy. It is true that the backtests are based on historical data and cannot predict the future performance of the system. However, traders prefer backtesting results as it helps them know about the working method and gain confidence to use it. The absence of strategy info and backtests raises doubts regarding the reliability of the system.
The Money Tree Robot trading results
A real USD account using the Blaze Markets broker verified by the myfxbook site is present for this FX EA. Here are a couple of screenshots of the results.
From the above info, we can see that the account uses automated trading with the leverage of 1:200 on the MT4 terminal. A total profit of 1,032.54% is generated for a deposit of $1000 with a daily profit of 2.08% and a monthly profit of 91%. A drawdown of 18.79% is present for the account that started in February 2022. For a total of 197 trades, the profitability is 92% and the profit factor is 3.41. The drawdown is low and the profits are high indicating a low-risk approach and good performance. However, we find that the info on the lots used for the account is hidden. The masked data raises suspicion about the reliability of the system. Further, the failure of the vendor to provide backtests makes it difficult to analyze the strategy and compare the results with the real trading stats.
Pricing & refund
Pricing plans for the FX EA are of two types. One is an annual membership plan which costs $597 and the other is a lifetime membership plan costing $899. Features provided with the packages are full access to the software, free updates, customer support, best recommendations, a detailed installation guide, and a money-back guarantee of 30 days. When compared to similar products in the market, we find the pricing is expensive and not cost-effective.
Unfortunately, we could not find user reviews for the FX EA on reputed sites like Forex Peace Army, Trustpilot, etc. However, we found feedback for the LeapFX company on the Forex Peace Army site. There are 18 reviews with a rating of 2.91/5. From the user testimonials for the company’s products, we find that the users are not happy with the EAs as the real trading results were poor and not as claimed by the vendor.