[editorial-rating id=”3512″]
Trade Explorer breakdown
1. Development
Trade Explorer has been developing for over four years.
2. Prices & Packages
You can opt to choose from the following packages:
- One year membership, which provides you with the following: Trade Explorer software, automatic best settings, free updates for life, support for 27 currency pairs, superb customer support, best recommendations, 30-day money-back guarantee for a price of $397
- Lifetime membership, which provides you with the following: Trade Explorer software, automatic best settings, free updates for life, support for 27 currency pairs, superb customer support, best recommendations, 30-day money-back guarantee for a price of $697
3. Pairs
| You can trade the following pairs on the M5 timeframe: | ||
| AUD/CAD | AUD/USD | USD/NOK |
| EUR/CAD | AUD/NZD | GBP/CAD |
| USD/CAD | GBP/JPY | CAD/CHF |
| EUR/JPY | NZD/JPY | EUR/CHF |
| AUD/JPY | CHF/JPY | AUD/CHF |
| GBP/USD | EUR/NZD | EUR/GBP |
| EUR/USD | NZD/CAD | EUR/AUD |
| NZD/USD | USD/CHF | CAD/JPY |
| USD/JPY | USD/SEK | GBP/AUD |
4. Timeframes
Trade Explorer runs and executes trades on M5 timeframe.
Trading strategy
Trade Explorer is a robot that doesn’t support scalping, martingale, hedging, or non-latency trading, which works on all forex brokers. If you are using all 27 currency pairs, it is recommended to deposit from $3,000 to $5,000. If you lack the capital, you can use a micro account.
Trade Explorer focuses on monitoring market trends and price actions for 27 currency pairs with a goal to ignore sharp movements in the market. It uses advanced dynamic trading management to try and adjust to the ongoing market conditions.
There is no explanation of their trading strategy or why and how they work with the 27 currency pairs. You can only find the results on Myfxbook for each of their accounts.
Trade Explorer backtesting
There are no backtests found for Trade Explorer for us to see how it has historically performed on each of the 27 currency pairs. It would be great for anyone choosing an EA to have the information of the statistics and the activity throughout various market conditions for a more extended time period.
However, you can find real, verified trading accounts running Trade Explorer software despite the lack of backtesting information.
Trade Explorer live results
It is essential to keep in mind that any results shown by Trade Explorer are based on historical data, which doesn’t guarantee how the robot will perform in the future. You should consider the risks while being involved with trading online.
Clients comments about Trade Explorer
Trade Explorer has no client comments on Trustpilot and Sitejabber.
You can find some clients’ comments on their website, which you can access by clicking here.
However, you can check LeapFX, the creators of Trade Explorer, on Trustpilot. You can see that some reviews mention this robot and give positive feedback about it.
Conclusion
In conclusion, Trade Explorer is a fully automated EA that can hit more significant drawdowns at times, meaning that it can be a greater risk but potentially more rewarding. The feedback on their website is very positive, and it’s also verified by Myfxbook.
Trade Explorers provides impressive results, but they don’t give any information about the trading strategies they use on the 27 currency pairs. It is still one of the better LeapFX forex robots, primarily because of the more acceptable drawdowns compared to some other forex robots that they are offering.
With the lack of backtesting information, I would recommend running Trade Explorer on a demo account first to test its strategy and see how it performs compared to their Myfxbook accounts.
