Auto News Trader is an EA that focuses on trading in the news, it is developed by Josh Hamilton. Much is not known about the developer in the Forex industry.
AutoNewsTrader Email Suppot: [email protected]
Auto News Trader Review
During our review of Auto News Trader, we see that they offer a unique Forex trading robot. It works via 3 simple steps. The first step requires the trader use the Forex Factory calendar, to identify major news events. The second step requires the traders have their trading charts open before the action starts and get ready to make an entry at the first market move, in that direction. Then in the final third step, using trailing stops and cost averaging, traders need to take profit from their finished trade. The developers claim that Auto News Trader gives you the fast execution you need in order not to miss out on any market opportunity.
The best time frame was not disclosed and the available currency pairs are: AUDUSD, EURCAD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY, USDSEK. The success rate is 20 pips, 40 pips and up 60 pips when there is a great news event.
Auto News Trader is one of the cheapest. You can rent the software for a year at a price of $197 or pay one time payment of $397. The number of accounts you can use with this EA is not stated, and it is not known if there is any benefit or limitations to the demo or live package.
Auto News Trader Performance Oversight
When the Scam Expert Advisor reviews a Forex EA to determine if this EA is a trusted entity or a scam, we check to see if they have an active performance result. It is easy to know if an expert advisor is verified if they display a performance result from the Myfxbook or FXBlue.
Screenshot from FXBlue shows that there has been a gain in the past few months, but for the most part, all of the largest gains for this account came in mid-2015. As we look at more recent performance, we can see that the system is still profitable, but it isn’t the groundbreaking tool that’s going to grow your account over 1736% in a very short period of time.
Their account statement only shows profits made in 2015 and part of 2017. This support the fact that their are no significant gain made in recent months.
Scam Trading Robot
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Compare Auto News Trader
Smart investors always check out at least 2 alternative EAs, before deciding which trading robot to use. You can have a look at the best robots see here.
If you are currently trading with Auto News Trader, please share your experience with other new investors in the comments below.
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