Bounce Trader is an automated 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 The Wave Scalper, News Action Trader, Jet Trader Pro, Gold Trader, Arbitron and Econ Power Trader.
Bounce Trader Features
Bounce Trader is a system that doesn’t use high risk techniques, and is selective on its trades utilizing a 3-point entry system. It is fully automated meaning it can place, manage and close trades on behalf of the user. It has been developed to run in the popular MetaTrader 4 trading platform for desktop and laptop devices. You can download MT4 free of charge from most forex brokers.
I would personally always try to trade with an ECN forex broker as I find that they tend to have lower spreads and commissions which can save on trading costs in the long term. ECN brokers will also usually have plenty of liquidity providers (LPs) to form a vast liquidity pool which in turn can help to ensure some of the best available prices across various markets and trading instruments.
Bounce Trader does not use any potentially dangerous grid, martingale or hedging techniques. It is FIFO compliant and can be used with any account balance and leverage. You should of course only ever trade with an amount that you feel happy with and never ever risk more than you can afford to lose.
The developer has kindly shared some real verified by myfxbook accounts so that you can track how the Bounce Trader EA has been performing. It is of course important to emphasise that past performance is by no means any indication of future results. Anything can happen in trading!
That being said, Bounce Trader does not trade that frequently and runs on the GBPUSD currency pair. It is limited to one open trade at a time and uses a stop loss and take profit. The 3 components are trading – momentum, price action, and key levels.
Momentum: The system will try to determine oversold and overbought levels based on various momentum indicators. This helps the system determine if a reversal of movement is coming.
Price Action: By examining the candlesticks, their highs, lows, size, and positioning, it helps the system to try and predict the potential direction of the market.
Key Levels: There are different levels of support and resistance in the market. By trading around them, understanding them, and respecting them, the system tries to improve its chance of success on each and every trade.
Some of the key Bounce Trader features include:
- BOUNCE TRADER SOFTWARE
- 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 Bounce Trade EA.
- REFUND – 30 Day Money Back Guarantee
Bounce Trader Back Testing
Unfortunately, there are no back tests shared by the developer on the official Bounce Trader website. This could have given us an indication of historical performance, especially is using 99% modelling quality along with tick data, variable spreads, commissions and slippage.
Whilst the developer is running the EA on the GBPUSD currency pair, I would be tempted to optimise the settings on various instruments and timeframes in order to create some customised set files that are suited towards my own individual trading style, preference and goals.
Bounce Trader Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Bounce Trader Conclusion
Overall, I do see the potential with the Bounce Trader EA and know that the LeapFX team behind its development have plenty of experience creating automated trading systems. Bounce Trader can be used by traders of any experience levels although I would make sure to try it on a demo account to begin with in order to see how it performs for myself. Just remember there can be no guarantees in trading so go careful and happy trading!