News Action Trader is a new forex robot that was currently released by the LeapFX Team. Actually the News Action Trader was developed by a former Engineer called Mikhail Zaprudin. Zaprudin happens to be the latest partner of LeapFX team when he developed the News Action Trader. Founded in 2012, the LeapFX team is definitely growing and can be contacted via firstname.lastname@example.org.
The system is built to analyze news events, and then take advantage of the volatility by opening accurate trades especially when the market is spiking.
News Action Trader Review
News Action Trader is a new Forex expert advisor that promises the potential of “up to 150% profit a year.” The selling points of the News Action Trader are that it has to use an account proof, a low risk trading strategy, and that it works on 6 different currency pairs. For the most part, the website is quite professional, although the copywriting content is a little bit fluffy when it comes to our taste. Generally, we prefer marketing approach is that are little more forward, concise and providing real detail about the overall methodology.
How does it work
During our review of News Action Trader we saw that the team did well to tell us the strategy the expert advisor works. The concept behind the News Action Trader is quite interesting because news is generally the enemy to Forex expert advisors an automated trading in general. Yet, in this case Mikhail claims to have put together a trading system that can predict the impact specific news events will have on the markets, in order to profit from the events. Massive spikes seen in events like “Non-Farm Payroll and Fed Announcements” are actually ideal for this trading program, and the system is built to “make a ton of money” doing just that.
According to the sales page the robot has an advanced designed with breakthrough technology and speed that “utilizes real-time economic information from a reliable news source and automatically opens, manages, and close trades for you.” Essentially, the software is built to know what’s going to happen, and react to it very quickly to win your trades.
They provide a little more detail about it, talking about leverage, timing and spreads but nothing completely details about the strategy at this time just yet.
- Type: Forex Robot
- Price: $397
- Strategy: News Trading
- Timeframe: M5
- Pairs: AUDUSD, GBPUSD, AUDJPY, USDCAD, NZDUSD, XAUUSD
There are two plans available for payment: The one time payment plan $397, or a two monthly payment plan at $247 per month.
With the one time payment plan you save $97. Both of these plans come with a single lifetime license, lifetime updates, lifetime support, built-in trading settings and a 30 day moneyback guarantee.
There is no mention of demo licenses, so we have to assume that the vendor provides only be single license of the software, which will make it very difficult to test multiple settings.
When you want to buy an expert advisor but you are considering which one has the best time frame for you, there are three time frames you should bear in mind; Long term, Short term and Intraday.
The News Action Trader time frame is at H5, which means the robot completes a trade in 15 hour.
Such short trades have advantages which include lots of trading opportunities for the EA, less chance of losing months and no overnight risk. But you should consider that the transaction costs will be much higher (more spreads to pay).
Major Forex Pairs
We tested the EA and found that the robot trades on major currency pairs; AUDUSD, GBPUSD, USDCAD, NZDUSD.
The majors are the most liquid and widely traded currency pairs in the world. They account to about 85% of Forex trading. The reason why traders trade the major pairs is because the large volume which leads to narrow spread.
At this point in time it’s too early for client feedback, but we hope that you will leave your experiences below the article as more information about the system is revealed.
At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like myfxbook or FXBlue.
News Action Trader is providing one real trading account on myfxbook.
This is a real trading account with the Pepperstone brokerage showing a gain of 240%, with a drawdown of just 20%. The account started in October 2017, and has taken just over 1000 trades to secure a daily gain of .17%, and a monthly gain of 5.27%. Each trade lasts an average of 2 minutes in length, with the average win coming in at 32 pips, and the average loss coming in at -16 pips, for a solid risk reward ratio.
Our best advise for you
From what we see so far, we have a positive outlook for the News Action Trader. The website is professional, the strategy is missing some pieces but pretty well put together and the trading account is showing an impressive gain over the past couple of years. Are only concern is about the speed of the trades, and whether or not real clients will be able to see the same type of results moving forward. Why not sign up with approved and credible Forex trading robots at all times. Sign up with leading and trusted Forex trading robots at all times. Go for lucrative Forex trading robots with a proven track record. Time to make money is now with effective Forex trading robots.