Jet Trader Pro is an FX robot that uses an advanced automated system. As per the developer, Jack McKennon, this FX EA has had 14 consecutive winning months and generated 2334 pips profit. The developer claims the ATS can provide nearly 20% monthly profit while maintaining a low drawdown.
This MT4 tool is promoted by LeapFX company that helps in FX investments via its managed account services and automated systems. We could not find company info like its founding year, the team members, their experience, etc. There is no location address or phone number present. For support, an online contact form is the only method provided. We find the options present are inadequate to ensure proper and prompt support. Other products of the company include Dynascalp, AX Trader, and The Fund Trader to name a few.
As per the website info, the FX EA works mainly on the EURUSD pair and is customized to provide high returns from the volatility of the pair. The vendor claims that the system uses a dynamic price protection method for ensuring safe and lucrative returns. It is also said that it has integrated reversal counter methods for increasing profits. A stringently controlled risk is used which gives the trader a competitive edge over others as per the developer. The EA is fully automated and works on any broker. It does not need special sets and installation is a simple process.
Trading strategies and currency pairs
Other than mentioning the dynamic price protection approach, the developer does not provide a further explanation of the strategy. While he claims the trading is very precise with controlled risk, there is no explanation of the process. The lack of explanation raises doubts regarding the reliability of the EA. Further, there are no backtests for the system. Although they are based on historical data and cannot predict a similar future performance, they help in understanding the strategy and its efficacy. The absence raises a red flag for this EA.
Jet Trader Pro trading statistics
A live demo USD account using EXNESS broker and the leverage of 1:400 on the MT4 platform. Here are a couple of screenshots of the results.
For the account that started in November 2018, a total gain of 131.245 and an absolute profit of 104.96% are present. A daily profit of 0.08% and a monthly profit of 2.37% are generated by the account. The drawdown is 32.66% which is very high indicating a risky approach. For a deposit of $3,100, the total number of executed trades is 1134. Profitability of 75% and a profit factor value of 1.45 are present. From the trading history, we can see the lot sizes used vary from 0.01 to 0.32. The high drawdown and big lot sizes indicated the approach used is of high risk.
Pricing and refund
For purchasing this FX EA, you have two options. One option is to buy the annual package that costs $347 and the other is to get the lifetime license that costs $697. The features included in the packages are best settings, support, and lifetime updates along with the full software. A 30-day money-back guarantee is present for the product. Compared to the cost of competitor products in the market, we find this FX robot is expensive and not worth it.
What else you should know about Jet Trader Pro
We could not find user reviews for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of feedback shows this is not a well-known system among traders. We suspect the lack of popularity may be due to the lack of vendor transparency, inadequate support, and risky approach we found in this EA.