The Skilled trader (Leapfx.com) is an automated Forex Trading System that was developed and marketed by the famous LeapFX group. The aim of the team behind this trading system is to double or triple the account balance of traders who use them, with very low risk attached. Today we will be reviewing Skilled Trader EA to ascertain if the service this vendor is offering is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of an Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal provider to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Skilled Trader EA Review
Skilled Trader EA was developed by the LeapFX team. LeapFx on their website lay claim to having more than 20 forex robots in their arsenal, with notable names such as Arbitron, Jet Trader Pro, News Action trader, Econ Power, etc.
The website advertises Skill Trader as a novice-friendly system that does not require any additional adjustments in the settings. According to the LeapFx, this EA focuses on 5 core aspects that assist in delivering a memorable trading experience. These five aspects are as follows.
- No Broker sensitivities
- Low Account risk
- No Scalping Allowed
- Software Updates are Automatic
How Skill Trader EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 and the MT5 Platform, it works on these currency pairs: EUR/USD, GBP/USD, XAU/USD
The information on the website says that Skill Trader EA combines three trading principle to make up its strategy.
Firstly, they believe in big money. This means that they monitor large funds, banks, and countries to evaluate how these entities approach markets. Based on this information, they search for pullbacks and reversals.
The second principle is built around risk management and this results to the lot size being crucial. This allows Skilled trader EA to account for adjustment and adapt to any sudden change that occurs in the market and remain profitable.
The third principle revolves around market adaptability. This requires that the automated traded platform understand the relevant news cycle and adjust to current market conditions. According to the team, it is necessary for a forex robot or automated trading system to adapt to current market conditions from preventing it from falling.
Skilled Trader EA Price
The Skilled Trader EA is available in three packages. The three-month membership package is priced at $247, the one-year membership package is priced at $497, while the lifetime membership package is available for $899. All of these packages include automatic updates, full customer support, and a 30-day money-back guarantee.
Customer Support
They provide a contact form and three different social media accounts.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come a decisive conclusion about this particular EA.
Conclusion
Due to lack of feedback we couldn’t guage the satisfaction of the customers.
This EA is on the high side, and as such we won’t be recommending the use today as we aren’t sure of its efficiency for that price range
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