The Money Tree Robot promises high monthly profits with its specially designed automated strategy. As per the developer Cory Ross, the FX EA has generated more than 700% profits in three months. This FX robot is fully automated and beginners with no experience in trading will find it easy to use.
LeapFX is the company promoting this ATS. It is reputed for its range of FX investment management tools that include managed account services, automated trading systems, virtual private servers, and broker services. Stealth Trader, Dynascalp, Atomic Trader, AX Trader, and Funnel Trader are some of the other FX robots of the company.
The Money Tree Robot review
According to the developer, the FX EA can trade on multiple currency pairs with an average profit of more than 100% per month on a live account. He provides a verified real live account to prove his claims. However, the results show hidden data which raises doubts about the trustworthiness of the proof. In this review, we have assessed the different aspects of the system including the trading results to check the veracity of the developer’s claims.
What is behind The Money Tree Robot?
The developer states that the FX EA works by limiting the trading frequency for a pair at a given time. Further, a stop loss is used for added protection making the approach safer. He states that it is prop trading firm compliant. On average, the duration of the trades is around 5 hours.
Some of the significant features the FX EA has that make it competitive as per the vendor are:
- It has a win rate of more than 90%.
- The FX EA can trade 15 currency pairs.
- Low account risk exposure is present.
- The ATS does not use the grid, hedging, and other dangerous methods.
- It is NFA compliant.
- The FX robot is 100% automated and beginner-friendly.
- A high average monthly return is present for the system.
We could not find info on the timeframe, recommended deposit, brokers, leverage, etc.
The developer does not divulge the approach used for this FX robot. There are no backtests present. Backtesting helps to test the system on historical data. Without a strategy explanation and backtesting results, it is difficult to assess the efficacy of the system.
A yearly membership plan ($597) and a lifetime membership plan ($899) are present for this FX EA. Features you get with the package include free updates, best recommendations, full customer support, and a money-back guarantee of 30 days. A detailed setup guide with instructions and graphics is provided. When compared to the market average, we find the pricing is expensive.
Trading performance of The Money Tree Robot
A real USD account verified by the myfxbook site is present for this FX EA. The account uses the BlazeMarkets broker and the leverage of 1:200 on the MT4 platform. Here are a couple of screenshots of the trading results:
From the above stats, we can see that the account has generated a profit of 1.158.67% with a daily profit of 1.89% and a monthly profit of 75.85%. A drawdown of 18.79% is present for the account that started in February 2022. A total of 229 trades have been executed with 91% profitability and a profit factor of 3.07. While the profits look good and the drawdown is low, the info on the lots and lot sizes is hidden. The hidden data raises doubts about the reliability of the results.
Support is provided via email only. The vendor claims that upon request support will be provided via Telegram and Skype.
Unfortunately, we could not find user reviews for the FX EA on reputed third-party review sites such as Forexpeacearmy, Trustpilot, etc. However, we found feedback for the company on the Trustpilot site. A total of 14 reviews are present with a rating of 4.1/5. From the reviews, we find that users are happy with the products of the company.