Auto Arb is an arbitrage-based trading system developed by the team over at LeapFX. LeapFX have a selection of automated trading systems which I have reviewed in the past, including Funnel Trader, Trade Explorer, AX Trader, DynaScalp, News Action Trader, Jet Trader Pro, Gold Trader, Arbitron, Econ Power Trader, Automic Trader, Fund Trader, Easy Money X-Ray Robot, Skilled Trader, Pattern Trader Pro, Trend Hunter Robot, The Money Tree Robot, Wave Scalper EA, Quick Scalp Trader EA, Dax Day Trader, King Robot and InstantEA.
You can tell from the vast number of forex products that they have available they certainly have some experience. Here we will take a look at what makes the Auto Arb EA different from all the result including its trading strategy and results. You can then decide if his is a forex robot that you would like to test on a demo trading account.
Auto Arb Features
Auto Arb trades Forex, Crypto, CFDs, Indexes, almost any trading instrument and market that you desire. It has been developed to be used on MT4, MT5, Binary Options, and other platforms. Auto Arb is a dynamic system that has stealth technology which shows in your account as manual trades and not automated. The purpose of this is to try and avoid showing the broker the trading strategy that you are using. This can be due to brokers frowning upon arbitrage trading strategies.
You can load the Auto Arb EA on your platforms with two different brokers and it will look for arbitrage trading opportunities. It is fully automated and includes easy to follow setup instructions. However, you will need to source the brokers yourself. I have a list of my best forex brokers that you may wish to check out for some inspiration.
What is an arbitrage strategy? In a nutshell, arbitrage trading is where you try to take advantage of the minor price differences / latency between brokers in order to try and make a profit. Personally, I feel this is one of the most difficult ways to trade as it requires technology that the average trader does not have access to and large position sizes to make any significant return. This is just my humble opinion of course but from my many years in the industry, I have never seen a broker that allows arbitrage trading to go ahead.
The Auto Arb website contains links to some YouTube videos showing successful trades that the system has made. Of course, the developer is not likely to share unsuccessful trades which are a part of any trading system. It must be emphasised that past results are by no means any indication of future results. This is especially important when using an arbitrage system that can be so dependant on the brokers trading conditions. I would certainly be looking at using an ECN broker the tightest spreads, lowest commissions and most liquidity providers possible.
The Auto Arb software includes:
- AUTO ARB SOFTWARE
- BONUS AUTO CLOSE SOFTWARE – helps manage trade closings for you on MT4 and MT5 platform.
- A USER GUIDE – Everything you need to know about setting up and configuring the software is included in this manual with a setup video as well to help. It’s written in clear, non-technical language… easy for you to understand.
- FULL SUPPORT – Of course, if you ever need help for whatever reason at all, just send an email and the LeapFX team will get back to you as soon as possible.
- BEST RECOMMENDATIONS – The developer can provide all recommendations to help you get the best results possible.
- UPDATES – You will receive a free update of any newer versions of the Auto Arb EA.
- REFUND – 30 Day Money Back Guarantee
Auto Arb Back Testing
There are unfortunately no back tests on the Auto Arb website which is to be expected as it is an arbitrage system that cannot really be back tested. However, there could have been live results shared by the developer but there isn’t, thus we don’t really have anything to go by which is disappointing. I think that the LeapFX development team could certainly improve by giving us a good range of backtests to get an idea of how the implemented trading strategy works. This is a key factor in helping potential users decide if they would consider using a forex robot on their own account. If you are looking for a forex trading bot that does have some backtests to see how it has performed historically speaking, then you may wish to consider the Forex Flex EA as an alternative option.
Auto Arb Live Results
If the lack of backtests was not disappointing enough, there are not even any Auto Arb results for us to check the latest performance. This is nothing personal, but I would expect a forex robot to at least have some backtests and verified results to show what it can do. When they don’t have these things, I have to ask myself why. With so many other trading robots to choose from, it really leaves us little choice but to look elsewhere. Another bot to consider that is backed by verified results is the Forex Robotron EA. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Auto Arb Conclusion
In summary, whilst an automated arbitrage system may seem like a gold mine on the surface, they are completely unrealistic in my own humble opinion. Unless, you have a huge amount of technological and financial resources to make them happen. In that instance, you would most likely be developing your own arbitrage systems rather than using a commercially available EA. Then you need to think about the brokers, most of who do not allow this type of trading strategy. Even if you got away with it for a short period of time, chances are they would cancel any progress you have made and block your account. Not only that, but there are no backtests or verified results for us to see how the Auto Arb EA has been performing in recent market conditions. If you do wish to give it a go, perhaps do so on demo accounts to begin with and see how you get on. Most of all, trade safe and be sensible! Otherwise, please feel free to browse my forex robot reviews for some other options.
Auto Arb
$297
Pros
- Fully Automated Trading System
- Customisable Settings
- Any Trading Broker
- Any Trading Instruments
- Any Chart Timeframe
- Money Back Guarantee
- Detailed Instructions
- Free Updates
- Full Support
Cons
- Arbitrage System
- No Backtests
- No Verified Results
- Broker Sensitive
- Requires Ideal Trading Conditions
- Not Allowed By Most Brokers
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
