News Action Trader is a robot that was removed from trading on a real account a month ago because it became a scam. The system was released under a LeapFX brand. The main claim is “Over 14,600 pips Over 200% in Profit … And Growing! – From Trading Forex News.” Everything is fake.
News Action Trader: To Trust or Not to Trust?
No. Now, the system is a scam because even the developer withdrew his account.
Features
Let’s talk about available to discuss features:
- The robot works automatically on the MetaTrader 4 terminal.
- There are two years of proof. It’s a lie.
- It provides low-risk trading.
- The system works on the MetaTrader 4 and MetaTrader 5 platforms.
- It trades six currency pairs.
- The robot is designed to make profits during high-volatility periods.
- It calculates accurate Entry Points and direction.
- There’s lifetime support.
- The robot will be updated for a lifetime.
- It’s delivered with the best settings.
There are two packages as usual. The first pack is a two-month subscription for $247 per month. The lifetime payment pack costs $397. The packages include the same features: News Action Trader trading software, lifetime license, updates, and support. We can rely on a 30-day money-back guarantee.
Verified Trading Results
The robot worked on a real USD account. The account was created on October 27, 2017, and closed on February 15, 2021. The closed profit was +$935.11.
The total return was +215.6%. An average monthly gain was 2.8%. The maximum drawdown was high – 19.0%. The accuracy rate was low – 64.4%. The Profit Factor was 1.30. There were 4794 pips traded. An average trade frequency is 0.9 trades a day. The account was live for 1210 days.
The Risk to Reward ratio was 0.93 only. The risk of ruin was 0.6%. An average trade length was 3 minutes. An average win was +$5.49 when an average loss was -$7.62.
The system worked with twelve symbols instead of six, as mentioned. The most-traded symbol was AUD/USD when the most profitable Gold – $908.31.
The robot traded both directions equally.
There were two magic numbers and two deals closed manually.
Wednesday was the most traded day and the most profitable – 315 deals with $602.53.
The system traded during the European trading hours mostly.
The last trades were closed with significant losses.
The last actions were depositing/withdrawing the account.
High Drawdowns
The drawdowns during 2020 were high and consistent.
Vendor Transparency
The vendor has an acceptable level of transparency.
We are allowed to know even who’s the developer of the system.
People feedback
We have an account connected to Forex Peace Army but without a page with comments and rates.
The last review is negative, but we don’t know about what robot it was.
Other notes
From the LeapFX site, we figure out that the last systems they focus on are Easy Money X-Ray Robot and Trade Explorer.