Automic Trader is described as an expertly coded, effective system that is ready to usher you into a life of freedom and passive income. The vendor guarantees that the EA will earn you 50% to 100% profit per month using a high-risk setting. These statements are meant to portray Automic Trader as a winning system. We are here to ascertain if the claims are true or not.
What is Automic Trader?
The robot comes with several features, which are highlighted below:
- Full software access.
- Detailed setup guide.
- Full customer support.
- Free lifetime updates.
The dev states that the system trades 6 specific currency pairs: AUDUSD, GBPJPY, EURGBP, USDCAD, EURUSD, and USDJPY.
Official Automic Trader website
The EA’s official website mainly focuses on persuading the audience to purchase the robot. The devs try to achieve this by illustrating its features, profitability rate, and income potential. They also explain to us how the robot works and post some customer feedback showing how traders have benefitted from the system.
Automic Trader is the product of LeapFX, a company that was founded in 2018. It claims to utilize a meticulous screening process to provide the community with exclusive trading systems for Forex and Crypto-currency. Some of the products on offer include Funnel Trader, DynaScalp, AX Trader, Bounce Trader, Gold Trader, Arbitron, etc. Unfortunately, we are not introduced to the professionals behind the service.
How can we use Automic Trader?
The robot can trade for you automatically. So, all you need to do is to download and set it up as recommended. Attach it to your trading account, and it will begin the trading process without your intervention.
Pricing and refund
A one year membership plan for this robot is $497, while the lifetime one is $697. The two plans feature free updates, a $100 bonus guarantee, full customer support, best recommendations, and a 30-day refund policy.
In terms of strategy, the devs admit that the system focuses on the 6 currency pairs we mentioned earlier since they ‘trend’ well. According to them, the pairs move over 100 pips on average daily. So, the robot identifies the early start of trends on each instrument based on volatility and momentum. Once its algorithm establishes that the criteria for entry are satisfactory, trades are initiated. The robot then applies a dynamic auto adapting trade management system to ensure orders end up with profits all the way to the last pip prior to exhaustion.
The vendor claims that they backtested the EA several times. There are some screenshots demonstrating the trading performance of the robot, but they do not have the same format the backtesting reports should have.
Fortunately, live trading data is available.
Automic Trader has been trading this real USD account since April 7, 2021. To date, it has managed to make a profit of $2263.99 for the account with a deposit of $1000. The daily and monthly profits are 0.44% and 14.26%, respectively. Sadly, the robot trades dangerously as it has led to a huge drawdown of 49.62%.
This EA doesn’t trade frequently as it holds trades for an average of 2 days. Therefore, it is not surprising that only 283 trades have been implemented so far. There’s a profit factor of 2.60 and success rates of 77% for long positions and 76% for short ones.
The profits generated between April and December were inconsistent.
The EA works with fixed lot sizes of 0.05 and a grid of orders.
What customers say
There are several customer reviews for this Forex robot on its official site, and all of them are positive. They are saying that the EA is an incredible system and has been making up to 30% profits monthly while keeping the drawdown low. However, these testimonials have not been verified, so we may never know if they are genuine or not. We usually prefer feedback from third-party sites like Trustpilot and FPA because they are moderated to ensure the vendor doesn’t manipulate them.
Summary: is Automic Trader a trustworthy EA?Automic Trader
Trading results3/5 Neutral
- Free lifetime updates are offered
- A 30-day refund policy is provided
- Full customer support
- Unreliable customer feedback
- The grid approach is used
- High drawdown