News Action Trader (leapfx.com) is an automated Forex Trading System that was developed by Mikhali Zaprudin and marketed by the famous LeapFX group. This EA utilizes the power of the news to develop profit. Today we will be reviewing News Trader EA to ascertain if the service this vendor is offering is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of an Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal provider to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
News Action Trader EA Review
News Action Trader EA was developed by Mikhali Zaprudin and marketed by LeapFx. LeapFx on their website lay claim to having more than 20 forex robots in their arsenal, with notable names such as Arbitron, Jet Trader Pro, Skill Trader, Econ Power, etc.
The Landing page comes with an introductory Video that covers all the basis. The website advertises News Trader EA as an EA that has the potential to deliver up to 150% of the profit on a yearly basis.
How News Action Trader EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 and the MT5 Platform, it works on these currency pairs: AUD/USD, GBP/USD, AUD/JPY,USD/CAD, NZD/USD, XAU/USD
The information on the website says that News Trader EA analyzes news events and then takes advantage of market volatility and open accurate trades.
This EA utilizes the News to make profit. Or like the team behind it says. It “utilizes real-time economic information from a reliable news source” to autonomously carry out trades on the trader’s behalf. The developer Mikhail claims that his system can predict the impact of specific news events to generate profits.
However, apart from this, they don’t go into much detail.
News Action Trader EA Price
The News Trader EA is available in two packages. The bi-month membership package is priced at $247, while the lifetime membership package is available for $397.
Customer Support
They provide a contact form and three different social media accounts.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come to a decisive conclusion about this particular EA.
Conclusion
Apart from somethings that were omitted, we are impressed by the presentation that this EA puts on.
Due to lack of feedback we couldn’t gauge the satisfaction of the customers, we won’t be recommending this EA as of this time.
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