Trade Explorer Review: Things to Consider Before Investing

Trade Explorer

Trade Explorer is claimed to produce outrageous profits for users. Apparently, it can make about 20% profits monthly, and in some instances, generate 50-100% gains per month on higher risk accounts. The EA is very user-friendly and aims at making passive income for traders while managing risks. 

LeapFX is the author of Trade Explorer. The company, which was established in 2018, has been creating Forex products, providing educational materials through its trading academy, and offering advice on account management services, among other things. Funnel Trader, DynaScalp, AX Trader, Bounce Trader, and InstantEA are some of the products LeapFX has developed so far. 

The highlights of Trade Explorer

These are the key features of the robot as described by the vendor:

Multiple currency support

The EA works with 27 different currency pairs. Some of them include AUDCAD, AUDNZD, AUDUSD, EURCAD, GBPJPY, NZDUSD, EURAUD, USDJPY, GBPAUD, and CADCHF. 

Lifetime updates

The company updates the system from time to time to adapt to the changing market conditions. This way, the EA is able to preserve the edge it was initially created with. 

Best recommendations

You are at liberty to use any service of your preference, but the vendor is ready to offer the best recommendations possible to optimize the EA’s success. 

Automatic, built in settings

There’s no need to wonder if the system runs on optimal settings because the vendor has addressed that. Your part is to just load the settings and forget about it. 

Trading strategy of Trade Explorer

The EA mainly monitors trend and price action, while overlooking sharp movements and noise in the market. An advanced dynamic trade management is used to generate high returns and a low drawdown. 

Backtesting reports

The vendor displays the EA’s backtest chart that doesn’t provide much detail about its performance. 

Trading results in real time

Live trading data on Myfxbook
Live trading data on Myfxbook

 Trade Explorer has been working on this account for almost 2 years now, increasing its value by 382.75% so far. A profit of $18847.97 has been generated from a $5000 deposit. Subsequently, the balance has risen to $23239.18. A drawdown of 17.29% is generated, a sign that low-risk trading is involved.

Performance of trades
Performance of trades

The EA is very active, given that it has implemented 11162 trades all this while. The resulting win rates for long and short positions are 76% and 79%, respectively. Out of all the trades, 34175.2 pips have been made, with the average win being 23.61 pips and the average loss being -68.02 pips. A profit factor of 2.07 is recorded. 

Monthly returns for 2021
Monthly returns for 2021

The system generated profits consistently all through 2021. The returns were good, and August stood out for being the most lucrative period with 12.68% profits.

Trading history
Trading history

Grids of orders along with small lot sizes were used in trading. Take profits are attached to every order to optimize returns. 

Trade Explorer price

A lifetime license for this EA costs $697. But if you want to use the bot temporarily, then the best option is to subscribe to the one year membership plan that goes for $397. Both packages feature automatic best settings, lifetime updates, support for 27 trading instruments, customer support, best recommendations, and a 30-day refund policy. 

Customer support

The vendor claims to offer splendid customer service. If you experience any problem navigating the software, the team is there to offer assistance. So, you can fill out the form available on the official site or email the company directly.

Are traders happy with Trade Explorer?

We found one testimonial for this robot on FPA. As per this trader, the EA works well and has grown his account consistently. The key, he says, lies in applying risk management and not involving yourself in trades. Even then, we need more reviews to see if other customers feel the same way or if their experiences with the bot are different. 

Customer feedback on Forex Peace Army
Customer feedback on Forex Peace Army

Trade Explorer

Trade Explorer
3 5 0 1
We have confirmed through our review that the system really generates big profits for the user while managing risks. The robot is also flexible as it supports 27 different currency pairs. Therefore, you are free to work with any one you prefer. Furthermore, the availability of customer support means that you can receive any assistance you need with the system.
We have confirmed through our review that the system really generates big profits for the user while managing risks. The robot is also flexible as it supports 27 different currency pairs. Therefore, you are free to work with any one you prefer. Furthermore, the availability of customer support means that you can receive any assistance you need with the system.
3/5
Total Score
  • Profitability
    4/5 Good
  • Strategy
    4/5 Good
  • Reliability
    4/5 Good
  • Price
    3/5 Neutral
  • Customer testimonials
    2/5 Bad

Advantages

  • Works with many trading instruments
  • Lucrative
  • Low drawdown
  • Customer support is available

Disadvantages

  • Expensive
  • Inadequate feedback from clients
Total
0
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