Automic Trader trades on multiple currency pairs and has an account protection feature to save your portfolio from margin calls. The algorithm claims to provide a 20-30% monthly profit and is easy to use for beginners. Here we will analyze all the potential ups and downs of the system to see if it is a good choice for traders.
The EA is available for one year and lifetime memberships costing $497 and $697, respectively. Each purchase comes with a 30-day money-back guarantee and free updates from the developer.Get started with Automic Trader
Leap FX is the company behind Automic Trader. The developers have multiple products available in the marketplace, including Funnel Trader, Dynascalp, AX Trader, The Fund Trader, etc. Traders can easily contact the authors by filling out a contact form on the website.
Some of the most notable features of Automic Trader can be listed as:
- It provides a 20-30% monthly output.
- It can trade on more than 6 pairs.
- It’s fully automated and beginner-friendly.
- It comes with an account protection feature.
Automic Trader trading approach
The algorithm trades on EURUSD, ERUGBP, AUDUSD, GBPJPY, USDCAD, AND USDJPY. It identifies the trend in pairs by measuring the momentum and volatility.
The history on Myfxbook shows that the EA uses grid and martingale with a swing trading methodology. It trades on the H1 as the positions are only opened at the end of the hourly interval. There is no fixed stop loss attached with trades.
There are no backtesting records available for Automic Trader. However, there is a screenshot that looks like backtesting on the dev’s website. We observe that the performance is from January 2015 till September 2021. For the duration, the algorithm had a total of 733 wins and 227 losses with a win/loss ratio of 3.23. The total drawdown was 10.7% with a profit factor of 2.79. The monthly average profit stood at 9.32%.
Automic Trader live trading results
Trading performance is available from August 07, 2021, to March 10, 2022, where the robot had a profit factor of 1.59. The initial deposit was $1000, and the current balance is $2661.47. The drawdown was 49.62%, with a monthly gain percentage of 8.95%. There were 350 trades made with a profitability of 74% and a loss ratio of 26%. The average win was $17.48 and an average loss of -$30.86.
What are the risks with Automic Trader?
Traders can observe the following risks while trading with the Automic Trader:
- The company does not provide us with any backtesting records that could be used to determine the historical performance.
- The current drawdown on the live records is a bit high.
The company has a total rating of 3.196 for 17 reviews on Forex Peace Army. One of the traders recommends the company. The trader has tried several of their products in recent years and received full support from the developers.
Another trader comments that they have been dealing with the company for 1.5 years. The developers provide good services and issue a refund without any hesitation.
A customer states that they have used many of their products with good support and performance. The company actually cares about its clients.
What are the pros & cons of investing in Automic Trader?
|Trades in multiple currency pairs||A high drawdown|
|It comes with verified live records|
|30-day money-back guarantee|
Automic trader shows a good overall gain on the live records on Myfxbook. The developers are keen to provide a 30-day money-back guarantee if traders are not satisfied with the performance. It is possible to ask any questions 24/7.