AX Trader was published under a LeapFX brand. The presentation sounds wordy and lacks required information such as backtest reports and so on. The main claim is “Get This Powerful NEW High Frequent Trading Currency Robot That Can Hand You Up To 39% Profit Per Month AUTOMATICALLY.” Everything in the presentation looks standardized.
It was a challenge for us to find the most important information about the robot to provide you.
- The advisor is a fully automated trading solution. It’s a set-and-forget robot.
- The system can be applied to the MetaTrader 4 platform.
- The monthly profit can be up to 38% monthly.
- The advisor has some customization or ferries that make profits from market volatility.
- We have a manual provided to install the system quickly.
- We may rely on the welcome support.
- The robot has a money-management feature on the board.
- The default settings were well designed. So, they provide us with reliable profits.
- The money-management system can calculate Entry Point, Lot Sizes, Take Profit, and Stop Loss levels.
The system has a standardized offer, as usual for LeapFX. The one-year membership is available for $297 annually. The lifetime real-account license costs $497. The packages include the same features: AX Trader Software, free updates, welcome and reliable support, best recommendations. We can rely on the 30-day refund policy if something goes wrong.
AX Trader Trading Approach
- “AX Trader is engineered to determine the direction of the overall trend while dynamically adjusting its entry points utilizing data from Fibonacci calculations.”
- We can work with the next low spread currency pairs EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY, and USDCHF.
- We don’t know details about time frames.
We have a video of how the robot was tested without a final spreadsheet. So, the chart is almost useless, but we could note that there was Martingale used to recover after losses.
AX Trader Live Trading Results
The expert advisor executes orders automatically on a real USD account on Blaze Markets automatically. It’s not quite a common broker choice for automatic trading. The leverage is 1:200 when trading goes on the MT4 platform. The account has a verified track record and verified trading privileges at the same time. It was created on April 01, 2021, and deposited at $5,000. Since then, the absolute gain has amounted to 166.6%. An average monthly gain is 31.75%. The maximum drawdown is 67.99%. Most likely, conservative traders don’t want to work with that deep drawdown.
The robot has traded 7346 orders with 5855 pips. An average win is 8.10 pips when an average loss is -27.16 pips. The win rate is 80% (1927/2404) for Longs and 79% (3898/4942) for Shorts. An average trade length is 13 hours 3 minutes. The profit factor is 1.65.
From USDCAD, it’s clear that the system uses Martingale to recover after losses. GBPUSD is still ahead as the most traded pair, with 1779 deals and $2105.
The robot focuses on the European and the beginning of Asian and American trading sessions.
Monday is a bit behind in the trading frequency among other days.
The robot manages to trade with low risks to the balance. It has to lose 156 orders in a row to lose 10% of the balance.
The robot works with Grids of 2-4 orders to close them in profits.
We don’t know why, but monthly profitability went down significantly.
What Are The Risks With AX Trader?
The robot was released several months ago and it has been showing a solid decrease in the monthly profits it can make. We can’t be sure that in several months it won’t turn into losses. The robot was delivered without backtest reports as well.
We have only the LeapFX publisher page on Forex Peace Army. It doesn’t have any account connected to it. The page was created three years ago.
The two last comments are negative. People couldn’t be profitable with other advisors.
What are the Pros & Cons of Investing in AX Trader?
|Well-known publishing company||No developing team revealed|
|Real-account trading results||No risk advice given|
|Refund policy available||No money-management advice provided|
|No backtest reports shared|
|The robot is a quite young trading solution|
|No people’s testimonials published|
AX Trader Conclusion
AX Trader is a trading advisor for Forex that was published on LeapFX. The presentation is wordy and doesn’t include backtest reports for each currency pair. Trading results showed that the system uses Martingale, but even with it, the monthly profits went down. The presentation or a page on Forex Peace Army isn’t featured by clients’ feedback about the robot execution on their accounts.