Leo Trader Pro Review – Leo Trader Pro Expert Advisor
2010 has seen over 160 new Forex Expert Advisors coming out. the majority were cobbled together, relying on doctored statements and other dirty tricks. Although some have been OK, the majority of your trading would be better off using a manual Forex trading system.
The Robot World Cup seemed like a genuine attempt to test hundreds of EAs in a competition – and then collapsed under the sheer weight of the incompetence of trying to hybridize the best performers.
We haven’t seen too much in the way of transparency since then, although there are quite a few decent EAs around if you know where to look (they tend to be the ones that don’t get hyped, bafflingly enough).
Leo Trader Pro is, at first glance, a legitimate and concerted attempt at more transparency when selling a Forex robot.
Leo Trader Pro is an automated trading robot for MetaTrader 4, and is (allegedly) a Neural Network EA, meaning it learns what the market is doing as it evolves.
There have been many so-called NN robots in the past, but none have worked particularly well.
Although we don’t have a great number of details right now, it looks like this EA trades the EURUSD and GBPUSD.
Is Leo Trader Pro Any good?
So far, the answer appears to be yes. below are the details copied directly from a live account using an investor password access:
Gross Profit:2 454.52Gross Loss:4.95Total Net Profit:2 449.57Profit Factor:495.86Expected Payoff:13.24Absolute Drawdown:0.00Maximal Drawdown:4.08 (0.21%)Relative Drawdown:0.21% (4.08)Total Trades:185.00Short Positions (won %):88 (97.73%)Long Positions (won %):97 (97.94%)Profit Trades (% of total):181 (97.84%)Loss trades (% of total):4 (2.16%)Largestprofit trade:65.52loss trade:-4.08Averageprofit trade:13.56loss trade:-1.24Maximumconsecutive wins ($):115 (1 393.59)consecutive losses ($):1 (-4.08)Maximalconsecutive profit (count):1 393.59 (115)consecutive loss (count):-4.08 (1)Averageconsecutive wins:36.00consecutive losses:1.00
It goes without saying that we are still highly sceptical – we have been duped way too many times before.
For example, the broker used is not widely known. we do not know if there were 50 accounts used and this was the best one. we do not know how much this EA can potentially lose as it hasn’t really done so yet.
Having said all that, we desperately WANT this all to be real – it would be incredible if this thing does what it claims – if it does (100%+ account growth a month?), I would use it and I’m sure you would too.
At this stage, we don’t have details of price, but we do know this one is release on Thursday 16th December 2010.
You can keep tabs on this EA using our MT4i account, which is linked to the broker account:
You can also keep tabs on this EA and contribute to discussions about it on our Forum.
If you want to check more information, you can visit the official website for Leo Trader Pro
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Posted in Forex