Is Automic Trader reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Automic Trader
Automic Trader is a forex robot available on vendor’s website. The system is developed by the company called LeapFX. It is an automatic trading robot that opens and closes orders.
According to the vendor, the product can be purchased at the rate of $497 for one year, while $697 for a lifetime plan.
Automic Trader claims to give advantage in the financial market with its expert strategy. Here, the system uses a dynamic auto adapting trade management system to ensure that the trades generate profits throughout to the very last pip prior to exhaustion.
Automic Trader: Reasons to Avoid this Expert Advisor
Firstly, Automic Trader is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There are few customer reviews of which they are all positive. However, we don’t want to trust those reviews as they can be twisted in favor of the system.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Automic Trader Trading Strategy
Automic Trader spots trends when they begin to form volatility and momentum. It initiates trades after the criteria for entry satisfies its algorithm.
The system operates on AUDUSD, EURGBP, EURUSD, GBPJPY, USDCAD, and USDJPY currency pairs.
Automic Trader Trading Results
From the result presented, the EA traded on a deposit of $1000 with a risky approach that caused a draw down of 32.95%. The daily and monthly profits presently stand at 0.47% and 15.35%, respectively.
According to the stat, it shows the system had 241 trades with an average win of 30.98 pips and an average loss of -42.14 pips.
Conclusion: Is Automic Trader a Reliable Forex Robot?
Automic Trader does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.