AUTOMIC TRADER is a Forex expert advisor that is compatible with six currency pairs. The vendor claims that the EA is well-suited for beginners. On the official website, they have claimed that the system generates 20-30% monthly profit on lower risk and 50-100% monthly profit on higher risk.
We have no information on the developer company behind this robot, which is known as LeapFX. The vendor has not shared the physical address of the headquarters, so we don’t know where it is based. It is unclear whether the traders and developers employed by this company have the required experience and technical knowledge. Other robots from this company include DynaScalp, AX Trader, The Fund Trader, Easy Money X-Ray Robot, Trade Explorer, Bounce Trader, Jet Trader Pro, etc.
Not all Forex robots available on the market are trustworthy. Many of them are scam services that can drain your account, leaving you penniless. As such, we have conducted this review to reveal the true profitability of this trading system. We don’t know when exactly it was launched, but the live trading account has been active since April 07, 2021. To date, this robot has had no notable achievements.
What is behind the Automic Trader?
This EA opens and closes trades multiple times daily, slowly building your account. Once the entry criteria satisfy its algorithm, the trade is triggered automatically. After that, it manages trades into profit to last pip using an auto adapting trade management system.
AUTOMIC TRADER supports currency pairs like AUD/USD, EUR/GBP, EUR/USD, GBP/JPY, USD/CAD, and USD/JPY. The vendor provides you with a detailed setup guide as well as lifetime updates. However, they have stated that updates are rarely necessary since the software automatically optimizes itself. The EA has an account protection feature, but the vendor has not provided an explanation for it.
AUTOMIC TRADER deals in trending pairs that move over 100 pips daily on average. The EA identifies the early start of trends for each pair based on volatility and momentum.
For this backtest, the EA conducted a total of 960 trades. It had a win rate of 76.35% and this allowed it to win a profit of $44167.05. There were 40 maximum consecutive wins and 10 maximum consecutive losses during the testing period. The daily and monthly average profits were 0.67% and 9.32%, respectively, while the drawdown was quite low at 10.7%.
There are two plans for this expert advisor. One of them is for a yearly membership while the other one is a lifetime plan. The one-year plan costs $497 while the lifetime plan costs $697. The vendor offers a 30-day money-back guarantee. If the user fails to make a profit after six months, the company offers a refund along with $100.
Trading performance of AUTOMIC TRADER
This live trading account on Myfxbook has been active since April 07, 2021, and has a relatively short trading history. To date, the EA has conducted 283 trades through this account. It currently has a win rate of 77%, which is similar to what we saw in the backtest, and a total profit of $2,263.99.
The current average daily and monthly gains for this account are 0.43% and 14.26%, respectively. It has a very high drawdown of 49.62%, which tells us that the EA is following a high-risk strategy. The drawdown is much higher compared to the backtest.
Here we have the recent trading results of AUTOMIC TRADER. We can see that it trades with a constant lot size of 0.05. It keeps its positions open for a long time, sometimes for several days. The average win and average loss for this account are 30.82 pips/$16.88 and -41.76 pips/-$21.78, respectively.
The developer offers customer support via email. You can also send a message to the support team using the contact form on the website.
At this moment, there are no reviews for this expert advisor on trusted third-party websites. As such, there is no way to tell whether users have had a decent experience with this system.