Easy Money X-Ray Robot is a trading system that was published under the LeapFX license. From the main statement, we know that the robot is beginner-friendly “Plug and Play.” The system allows us to make “up to 35%-50% monthly profits.” We can start trading with as little as $250.
As usual for LeapFX’s products, Easy Money X-Ray Robot has two packages. The one-year subscription costs $347. It’s featured by a product copy, the automatically optimized best settings, free updates for life, and the best recommendations. The Lifetime Membership (one-time payment) costs $597. It has the same features. LeapFX provides a 30-day money-back guarantee.
Easy Money X-Ray Robot Strategy
- The system uses trend trading as the main strategy and Grid plus Martingale as the support ones.
- It works only with EUR/USD and GBP/USD currency pairs.
- The system has a low-tern trade length.
Easy Money X-Ray Robot Features
Easy Money X-Ray Robot has a few features and explanations mentioned in the wordy presentation:
- It trades automatically.
- An average monthly profit is 35%-50%.
- We don’t need trading experience to work with the system.
- The deposit should be $250 or higher.
- The robot runs a system of four indicators.
- These indicators are used to find the best trend trading opportunities.
- The dynamic money-management system works with open orders, calculating Lot Sizes for each trade and deciding when to close deals.
- There are impossible little settings we can change. Everything we’re allowed to customize is the risk level.
Easy Money X-Ray Robot Backtesting Results
As typical for LeapFX, the presentation doesn’t include backtest reports. It’s a big disadvantage because we don’t know if the system was tested well on the real tick data before it was released.
Easy Money X-Ray Robot Trading Results
The robot runs a real USD account on FBS automatically with 1:500 leverage on the MetaTrader 4 platform. The account has two badges: Track Record and Trading Privileges Verified. It was created on October 23, 2020, deposited at $45585, and withdrawn at $57200. Since then, the absolute gain has become +358.63%. Anyway, there is only +64.1% of the free margin. An average monthly gain is +43.71%. The maximum drawdown is acceptable as for these profits – 23.89%. The account is tracked by 41 investors.
The robot has closed 5992 deals with -14201 pips. It means there are insane Grid and Martingale if the system is profitable only by using Martingale. The win-rate is 61-64%. An average monthly gain is over three hours. The Profit Factor is 1.46.
The robot works with EUR/USD and GBP/USD. The most-traded and the most profitable is GBP/USD with 4911 deals and $25218.
The system focuses on trading during European trading hours.
All days are traded equally, excluding Friday (1109 deals).
The robot runs the account with medium risks to the balance. There’s a 29.05% chance of losing 10% of the balance.
The trading history is closed from view, but we know that there is a Grid with Martingale strategy.
The robot made 62.59% in January 2021 and 40.88% in February 2021.
Easy Money X-Ray Robot Reputation
The presentation includes some positive feedback.
The company has a page on Forex Peace Army with 13 comments and a 3.2 rate based on them.
The last two feedbacks were negative. Alas, there was nothing told about how good Easy Money X-Ray Robot is.
Easy Money X-Ray Robot Review Summary
- Strategy – score (3/10)
- Functionality & Features – score (4/10)
- Trading Results – score (8/10)
- Reliability – score (4/10)
- Pricing – score (4/10)
Conclusion
Easy Money X-Ray Robot is a Grid and Martingale scary robot. Trading results are hidden from checking because the vendor didn’t warn clients there are risky strategies. We know they are. So, it’s a scam way to sell the EA without informing clients that the robot is dangerous. As for pricing, it’s high for this type of robot. There are many better and cheaper options on MQL5 or Forex Store.
