Jet Trader Pro is a Forex expert advisor that claims to have beaten the Forex market 14 months at a stretch. Furthermore, it claims to generate a maximum of 20% profit per month while keeping the drawdown low. Since there are many EA vendors making false claims about their systems, we need to conduct an independent investigation of the robot.
There are two distinct pricing plans for Jet Trader Pro. The first one provides a yearly license in exchange for $347. On the other hand, the lifetime license is available for a one-time fee of $697. As we can see, the EA is not exactly cheap compared to others. For both plans, the vendor offers a 30-day money-back guarantee.
Jet Trader Pro trading strategy
This is an EA that trades only in the EUR/USD currency pair. The vendor claims that the system is optimized to extract profits from the highs or lows of this pair. They have mentioned the EA having a dynamic price protection strategy and reversal countermeasures for generating more profits and turning losing trades into profitable ones. However, they haven’t elaborated on these functionalities, so we have no idea what kind of approach the system takes.
Jet Trader Pro uses trend trading and reversal trading strategies in the Forex market. The vendor has not shared any technical details about the strategy, so we don’t know how the EA analyzes the trades or whether it uses any indicators for this purpose. Seasoned Forex traders always look for the minute details of the trading strategy and they would no doubt find this disappointing.
Jet Trader Pro features
When you purchase this software program, you get the full suite of code and you can install it on Metatrader in about 2 minutes or so. The service team provides hands-on support and each user receives automatic updates for a lifetime. Now, the vendor has not clearly explained the features of the robot, instead making some tall claims about how it is more profitable compared to others. To get started, you need to deposit at least $100 to $250 in your trading account.
Jet Trader Pro backtesting results
Unfortunately, the vendor has not shared the backtesting results for Jet Trader Pro. It is important for every EA vendor to test their automated strategies using archival data. Not only does this give us an idea about the system’s profitability but it also tells us whether it can deal with different market conditions. Therefore, the lack of backtesting data is not a sign of a reliable EA.
Jet Trader Pro live trading results
This trading account on Myfxbook has been active since August 25, 2019. To date, the EA has placed 471 trades through this account, winning 64% of them and generating a total profit of £1430.83. The percentage return with respect to the total deposits is 286.17%, while the time-weighted return is 334.62%.
At this moment, the daily and monthly profits for this account are 0.20% and 13.87% respectively. On the official website, the vendor promises a low drawdown and monthly gain of 20%, but they seem to be false claims. The account has an extremely high drawdown of 55.18%, which tells us that the robot uses a strategy carrying a high risk of ruin.
Jet Trader Pro has an average win and loss of 57.79 pips/£13.09 and -100.73 pips/-£15.09 for this account. The profit factor and Sharpe Ratio are 1.56 and 0.12 respectively.
Jet Trader Pro reputation
The developer company behind Jet Trader Pro is called LeapFX. It has its headquarters located in New York, United States. Apart from this, we have virtually no information on this company or the people who work in it. Other automated systems built by this team include DynaScalp, AX Trader, The Fund Trader, Trade Explorer, and Easy Money X-Ray Robot.
There are no user reviews for this expert advisor on trusted third-party websites. This tells us that not many people are using this robot for trading right now. The lack of user reviews is not a sign of a reliable system.
Jet Trader Pro review summary
- Strategy – 2/10
- Functionality & Features – 3/10
- Trading Results – 3/10
- Reliability – 2/10
- Pricing – 2/10
Jet Trader Pro is a system that trades with high drawdown, thus exposing your account to all kinds of trading risks. It is sold by a vendor we don’t know much about and the price tag is too high. Also, the vendor does not explain the trading strategy properly. Due to these factors, we think it’s a bad idea to invest in this robot.
