The Automic Trader EA is yet another forex robot from the LeapFX team of computer programmers who have plenty of other automated trading software that they have released over the years, including Funnel Trader, Trade Explorer, AX Trader, DynaScalp, News Action Trader, Jet Trader Pro, Gold Trader, Arbitron, Econ Power Trader, Auto Arb, 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 Automic Trader 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.
Automic Trader Trading Strategy
The Automic Trader expert advisor uses a fully automated forex trading strategy. This means that you can attach it to the currency pair charts in your MetaTrader platform and it will do all of the heavy lifting. The software is constantly scanning the forex market for potential trading signals.
When it finds an entry according to the built-in strategy, it will enter and manage the trade for you. The Automic Trader strategy is based on the market trend and volatility. It uses a combination if technical analysis to try and identify the markets trend direction. It also measures volatility to try and pinpoint the best time to enter a trade position in the direction of the overall trend.
Volatility trading refers to trading the volatility of a financial instrument rather than just trading the price itself. Traders who trade on volatility don’t always worry about the direction of price moves believe it or not. They’re simply trading the volatility, i.e. how much they anticipate that the price of an instrument will move in the future.
Of course, you may manually intervene if you wish and anyone who is using a forex robot should make sure they understand the risks any online forex trading system has. This one being no exception to the rule.
The strategy has been developed to trade on the AUD/USD, EUR/GBP, EUR/USD, GBP/JPY, USD/CAD and USD/JPY currency pairs. You can choose to trade one, two or whatever number of pairs you prefer. I would always focus on a few pairs as I feel it is better to get used to a couple of trading instruments rather than trying to follow so many at once. Furthermore, some currency pairs are closely correlated and will often move in similar directions. This can mean almost duplicate trades if a forex robot is running on correlated currency pairs.
Automic Trader Features
The Automic Trader automated system includes optimised settings, instructions, updates and dedicated support from the LeapFX team. You can of course experiment with and adjust the EA settings according to your own preferences. It is important to check the risk set in the EA parameters is at a suitable level according to your own risk tolerance. Every forex trader is different so make sure you feel confident with all of the robot settings before starting.
Regardless, I would always test forex robots on a demo account at first to see how things go and to help me familiarise myself with how they work. Then I can decide if it is an automated forex strategy that I would like to switch over to real forex trading account, or not.
As with the majority of forex robots, you will need your MetaTrader platform up and running on your computer in order to use an automated system. If it is not possible for you to always run the platform for whatever reason, you could take a look at a Forex VPS which will allow you to run software application remotely 24/7 without needing your home machine switched on.
You can use this forex software on any broker that provides the MetaTrader platform for desktop. I like to use ECN forex brokers as they often have the best available forex market prices. Generally speaking, the more liquidity that a forex broker has, the tighter the spreads they can offer and the more reliable the trade execution speeds can be. Of course, zero or low commission fees is also a nice bonus. Feel free to browse my best forex brokers page if you need some inspiration based on my in-depth research and analysis across hundreds of trading brokers.
Automic Trader Back Testing
LeapFX have not provided any Automic Trader backtests which is a bit of a let-down. These would have shown potential users how the EA may have fared over various market conditions. Perhaps they will add some in the future but for now we just have the Myfxbook account to go by which may be enough for some forex traders to make an informed decision on this automated trading software. If you would prefer to use a trading robot that has some top quality backtests, you could take a look at the Forex Robotron EA instead.
Automic Trader Verified Results
LeapFX have shared a real account that is verified by Myfxbook but at the moment, the drawdown is huge and a real issue for me. I personally wouldn’t use a forex robot that has such a wide stop loss that can wipe out many consecutive winners in one swoop. You can see the Myfxbook account below and click it for more detailed information about the bot and how it has been trading. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page. Update 15/09/2022: Unfortunately, the Automic Trader Myfxbook account has now been deleted. This leads me to believe that perhaps it crashed and burned. The reason I say this is because I anticipated that the high drawdowns would eventually cause this to happen.
Automic Trader Summary
The Automic Trader forex robot is beginner friendly and relatively easy to setup in the MetaTrader platform. It is a flexible forex system that can trade different currency pairs but I feel it is too dependent on certain market conditions. LeapFX have provided a Myfxbook account (it has since been removed) but the current drawdown is quite high whilst they haven’t shared any backtests for us to get an idea of more long-term performance based on historical data. It does come with a money back guarantee which you might need if the drawdowns are anything to go by. I am not sure that I would personally use this forex robot past a demo account as the strategy seems quite risky in my humble opinion. I think there are better options out there, some of which you can find in my forex robot reviews.
Automic Trader EA
$497
Pros
- Multiple Currency Pairs
- Automated entry and exit
- Optimised settings included
- Customisable settings
- Any Trading Broker
- Setup instructions included
- Lifetime updates
- Free support
- Money back guarantee
Cons
- Potentially High Drawdowns
- No Backtests
- No Verified Results
- Risky Trading Strategy
- MetaTrader 4 Only
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.
