Development Journey of Trade Explorer
Trade Explorer, a product of extensive development spanning over four years, has been designed to cater to various forex trading needs.
Pricing Options and Packages
Trade Explorer offers two main packages:
- One-Year Membership: Priced at $397, it includes the Trade Explorer software, automatic settings optimization, lifetime updates, support for 27 currency pairs, excellent customer support, strategic recommendations, and a 30-day money-back guarantee.
- Lifetime Membership: For $697, this package includes all the benefits of the one-year membership, but with lifetime access.
Supported Currency Pairs and Timeframes
The software is compatible with 27 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, among others, all tradable on the M5 timeframe.
Trading Strategy of Trade Explorer
Trade Explorer, a non-scalping, non-martingale robot, is compatible with all forex brokers and best works with a recommended deposit of $3,000 to $5,000 for trading all 27 pairs. The robot employs a strategy focused on market trends and price actions, utilizing dynamic trading management to adapt to market conditions. However, specific details of its trading strategy on these pairs are not provided. Myfxbook accounts are available for result verification.
Backtesting and Live Results
No backtesting data is available for Trade Explorer, a factor worth considering for potential users seeking historical performance data. However, real and verified trading accounts using Trade Explorer are accessible despite this lack of backtesting.
It’s crucial to remember that any live results presented by Trade Explorer are historical and do not guarantee future performance, emphasizing the inherent risks of online trading.
User Feedback on Trade Explorer
While there are no reviews on Trustpilot or Sitejabber, interested parties can find user comments on their website and indirect feedback via LeapFX, the creators of Trade Explorer, on Trustpilot.
Concluding Thoughts
In conclusion, Trade Explorer is an automated EA that might experience significant drawdowns, posing higher risks but also potential rewards. Despite the absence of detailed strategy information and backtesting data, the positive feedback and Myfxbook verification suggest it as a promising option among LeapFX’s offerings. Testing it on a demo account before live trading is recommended due to these factors.
