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The Bounce Trader EA is a Forex trading robot developed by LeapFX.com. The developer of this Forex robot promises traders over 900% in profit in just a few months. This is such a high number, and we doubt that this is genuine. Every company that comes up with a system claims the same. Sadly, most of these systems are not what the developers say they are.
Over the years, we have learned not to take the word of developers. There are many aspects to look at before investing in a Forex trading robot. We have to assess whether the claims made by a company are genuine or not. LeapFX is making very bold claims about its product. Whenever we see figures like 900%, we have to be skeptical about a system.
The developer of Bounce Trader believes that proper trade management is the key to successful Forex trading. He claims that without appropriate management, everything falls apart, even with a super-accurate trading strategy. That is why Bounce Trader is a 20% strategy and 80% trade management system. Coincidentally, they do not offer traders any trade management training. Therefore, we do not see how this trading robot would be useful.
However, we will not count them out yet based on only that. We will be assessing Bounce Trader closely to see whether they are worth the money. In the meantime, the best Forex trading robots in the market have already passed the legitimacy test. Invest with them today to start making consistent returns without compromise.
Bounce Trader Review
Leapfx.com reveals the developer of this Forex bot as Charlie Hudson. He claims to be a trader who makes a lot of money trading Forex. Further, Charlie says that over the years, he has picked up the best features and settings to make a profit from Forex trading. We always appreciate a company that introduces us to the development team.
The web page promoting the Bounce Trader system is clean professional. It features an aggressive marketing style to promote products. The page lists several features and the trading strategy of the robot, and this is beneficial information the company is providing. However, some of the statements seem to be a ploy to attract customers.
One of the helpful things on the web page is a video showing the robot in action. We figure this is important to get new customers oriented to the product. Moreover, the developers do a good job advising their clients on making money in the Forex space. They want you to understand how much you make depends on your capital size and the risk you select.
Surprisingly, Leapfx.com only provides one currency pair that the robot trades in. The only currency pair the robot trades is GBPUSD. This means that the robot does not have much versatility in the market. Traders should know that they will not have an array of choices with this Forex trading robot.
Luckily, the company provides an email where you can contact them. They welcome clients to ask any questions through their email [email protected].
Pricing and Features
There are two main purchasing plans that traders can use. Clients can choose to pay $347 per year or pay a one-time fee of $597. Clients will receive free lifetime updates and full hands-on support.
The main features of Bounce Trader include:
- No hedging.
- One trade at a time.
- No martingale.
- No massive stop loss.
- All trades are protected with stop loss and take profit.
LeapFX states that these features allow the robot to keep the risk exposure low for traders. They go further to claim that there is a 0.01% chance of losing 20% of your account.
Another good thing is that the company offers a 30-day money-back guarantee. Within 30 days, clients can contact the company and get their money back without questions if they are dissatisfied with the services.
Bounce Trader Trading Strategy
The website reveals that Bounce Trader’s trading strategy has three main components, and the developer believes that the combination of these aspects increases the accuracy of the robot. These three components are momentum, price action, and critical levels.
The system determines oversold and overbought levels based on various momentum indicators. This helps the system determine if a reversal of the movement is coming. This is the crucial aspect of the momentum part of the strategy.
In the price action section, the robot looks at candlesticks. It looks at their highs, lows, size, and positioning. This helps the system predict the direction of the market.
In terms of key levels, the robot looks at the different levels of support and resistance in the market. The system then understands them, respects them, and trades around them. This increases its chance of success on trades.
LeapFX has done a great job of going into detail on how Bounce Trader works. Further, the company accompanies the description with sample images. This is crucial to investors as it allows them to assess whether a system best suits their portfolio.
Bounce Trader Trading Results
The best way to convince traders to purchase a Forex trading robot is by providing impressive trading results. LeapFX provides a single Myfxbook trading account to showcase the performance of Bounce Trader. The account is showing an impressive gain of 1000%. Further, the account is showing a drawdown of 22.93%.
It is very impressive that the account maintained a drawdown of only 22.93%. This is despite using a high-risk trade approach. The account shows trades involving large lot sizes, which is risking a huge part of the trading account. This is despite the company saying they use a low-risk approach.
At one point in the trading history, we see a 50% gain in the account. This is just from a 60 pips profit trade. This means that if the account saw a 120 pips loss, the account would have been lost. Not all investors appreciate this kind of approach.
Moreover, the company is deceiving clients. They claim that there is a 0.01% of losing 20% of your account. However, it is quite possible to lose your account in a single trade, as we have seen. Only invest amounts you are willing to risk.
One of the best ways to determine whether a product is worth purchasing is listening to the people using it. Sadly there are no customer reviews anywhere on the forums. We would love to hear from the users to form a conclusive decision on Bounce Trader.
While this company seems legit, we cannot fully recommend this Forex robot to you. They do feature impressive trading results. But, these results display and aggressive trading approach that not all traders can appreciate. Moreover, the company promises clients that there is minimal risk of losing an account while using Bounce Trader.
Moreover, Bounce Trader is still new in the market. There are no enough customer reviews to help us form a conclusive decision on the user experience. It is better to wait it out before investing your hard-earned cash.
As it stands, there are better trading robots in the market that have proven to work for many traders. Only use the market’s top Forex trading robots for the best services and experience.
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