Trade Explorer assures of operating under a limited risk even in highly volatile market conditions. As per the vendor, the system has a verified track record of producing nearly 377% profit in one month. It can work on 27 currency pairs and is a beginner-friendly ATS.
LeapFX is the company that develops and promotes this FX EA. The company has produced several expert advisors like Automic Trader, Dynascalp, AX Trader, and more. It partners with experienced providers giving you access to brokers, managed account services, ATSs, and VPS. We could not find company details like its founding year, location, phone number, etc. For support, the vendor provides an online contact form and an email address.
Some of the significant factors that make this FX robot exceptional as per the vendor are:
- Multiple verified trading accounts are present.
- It is easy to use even by beginners.
- The FX EA is fully automated.
- You can install it and start working on it without any adjustments.
- It works by efficiently monitoring price action and market trends.
- A dynamic management of trades is present to limit the risk and increase the returns.
- The system is compatible with any broker.
- It is not necessary to subscribe to FX signals as they are automatically executed by the EA.
- Any account size is acceptable for using this FX EA.
The vendor does not provide info on the recommended deposit, leverage, and other related details.
Trading strategies and currency pairs
According to the vendor, this FX EA uses the trend following and price action strategies for increasing profits. It ignores the irrelevant sharp movements and market noise and focuses on the trend direction and price action. The ATS works 24/7 analyzing the currency pairs to identify easy and quick profit opportunities. We could not find further info on the strategy. There are no backtesting results present for this ATS on the official site. The system works on 27 currency pairs.
Trade Explorer trading statistics
A real USD account is present for the FX robot using the FX Choice broker and the leverage of 1:200 on the MT4 terminal. Here are a couple of screenshots of the account:
From the above stats, we can see the EA has generated a total return of 383.37% and an absolute profit of 429.90%. The daily and monthly profits are 0.24% and 7.43% respectively. For the account that started in May 2020, the growth curve looks consistent and the profits are appreciable. A drawdown of 17.29% is present, which indicates a low level of risk. For deposits of $5000, the profits generated are $18,877.89. A total of 11,197 trades have been completed with a profitability of 78% and a profit factor of 2.07. From the trading history, we can see a lot size of 0.01 is used. The small lot size, high profits, and low drawdown indicate an effective and low-risk approach.
Pricing and refund
To buy this FX EA, you can choose from the two membership packages namely, an annual membership that costs $397 and the lifetime membership package that costs $697. The features included in the package are the software license for MT4, automatic best settings, compatibility with 27 currency pairs, good customer support, free lifetime updates, and best recommendations. A 30-day money-back guarantee is present.
What else you should know about Trade Explorer
We found reviews for the company and this FX EA in particular on the Forexpeacearmy site. A total of 16 reviews are present with a rating of 3.152/5. Here are some of the recent reviews:
From the above reviews, we can see that the user is satisfied with the product and its consistent growth. The user also commends the responsive support team. Another user commends the services offered and the quick refund process.