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Trade Explorer - reliable Forex Expert Advisor Read detailed review

Trade Explorer

rating 7.5/10
  • Gain 127.69%
  • Monthly 7.45%
  • Drawdown 6.68%
  • Days in Live 344

Trade Explorer:
- Traders on 27 Current Pairs
- 100% Automated
- Multiple Verified Trading Accounts
- Beginner Friendly

Statistics

Trade Explorer - Real 1

Trade Explorer - profitable Forex EA

Trade Explorer - Real 2

Trade Explorer - live statistics Forex trading account

Information about Trade Explorer

FULL SOFTWARE ACCESS
You will get full access to the Trader Explorer software accompanied by clear, detailed guides about how to set it up.

AUTOMATIC, BUILT IN SETTINGS
Never will you have to second-guess yourself, wondering if the software is running on its optimal settings. That’s already taken care of for you. All you have to do is literally load the settings provided (set it and forget it).

FREE UPDATES FOR LIFE
Market conditions change and some strategies that once worked become obsolete, but, with Trade Explorer, you won’t have to worry about that. Updates are on the house to maintain the edge it was originally developed with.

24/7 MONITORING SERVICE
Instead of racking your head trying to determine which currency pairs were ripe for trading, that’s automatically detected and executed for you by the software. Remember, it scans over 27 pairs, hunting for opportunities to be exploited.

SUPERB CUSTOMER SERVICE
Be assured that in the case that you have any issue during your use of the software – our team is available to help you. Additional stress is not what you’d have bought Trade Explorer for and we’ll do our utmost to make sure you’re overly thrilled with the service.

BEST RECOMMENDATIONS
You are always welcome to use any services you prefer, but we do provide the best recommendations possible to maximize success with Trade Explorer.

Purchase includes:

ONE YEAR MEMBERSHIP - $397

  • ONE PAYMENT FOR A YEAR
  • Trade Explorer Software
  • Automatic Best Settings
  • Free Updates for Life
  • Support for 27 Currency Pairs
  • Superb Customer Support
  • Best Recommendations
  • 30 Day Money Back Guarantee

LIFETIME MEMBERSHIP - $697

  • ONE TIME PAYMENT NEVER PAY AGAIN
  • Trade Explorer Software
  • Automatic Best Settings
  • Free Updates for Life
  • Support for 27 Currency Pairs
  • Superb Customer Support
  • Best Recommendations
  • 30 Day Money Back Guarantee

Refund Policy

100% 30-Day Money-Back Guarantee. If for ANY reason at all you feel Trade Explorer is not for you, just send us an email within the first 30 days after purchase for a complete no questions asked refund.

Trade Explorer - reliable Forex Expert Advisor
Trade Explorer
Trade Explorer - reliable Forex Expert Advisor
Trade Explorer
$697
Buy
Visit the developer's website
short review Trade Explorer Review

Trade Explorer EA Review

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FXSherlock /
Avatar

Trade Explorer EA is one of the newest Forex robots produced and represented by the LeapFX company which shows high results so far. In this review, we’re going to break down the live trading performance of this EA. Read the following review to get more information about Trade Explorer EA.

Basic information about Trade Explorer:

  • Price$397-697
  • Currency pair27 pairs
  • Number of real licensesOne-year or lifetime membership
  • SupportIncluded
  • Refund30-day money-back guarantee

Conditions for trading:

  • Minimal deposit amount$100-200
  • Minimal leverageN/a
  • Time frameM5
  • TerminalMT4
  • BrokerAny

Live performance of Trade Explorer taken from Myfxbook

The Trade Explorer EA has got a long number of 6 real and 2 demos Myfxbook verified accounts represented on the developers’ website. The EA is programmed to trade on a surprisingly wide range of currency pairs which includes 27 pairs. Trade Explorer EA on all the real live accounts trades on more than 20 currency pairs. The statistics for this Forex robot are actually pretty new, having a max of 5 months of trading, and most of the accounts have only 2-3 months of real live trading. Considering such a short trading statistic the EA was still able to reach a gain level of over 210%.

The EA on most of the accounts shows constant upward movement except for 2 accounts that have faced huge stoplosses on 4th February (for the “Trade Explorer Runner” account) and 10th February (for the “Trade Explorer Live” account). There are also simply no backtests available for Trade Explorer EA which will definitely influence the final mark for this Forex robot review.

Disclaimer

*The backtests are taken from the developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.

LIVE PERFORMANCE ANALYSIS OF TRADE EXPLORER EA

There are two purchasing options available for Trade Explorer EA: the $397 version which includes one-year access to all the features of the robot and the $679 version that gives a full lifetime membership. Both options include the full package of features of Trade Explorer EA such as

  • the Trade Explorer Software
  • automatic setting up
  • lifetime free updates of the system
  • support of 27 currency pairs
  • customer support
  • 30-days money-back guarantee

The developer claims that this Forex robot can properly work on up to 27 currency pairs which are confirmed by the fact that all the real live trading accounts of the Trade Explorer EA work on 20 and more currency pairs simultaneously. This EA trades on the M5 timeframe, and it is compatible only with the MetaTrader4 trading platform. There is no recommendation given by the developer on the minimal leverage size for this Forex robot.

Analyzing the live performance of this Forex robot primarily it is needed to say that the EA has been out working on the real accounts only for 5-7 months. And the most successful trading account of the Trade Explorer EA developers (“Trade Explorer Doubler”) has been live only for three months. The EA has reached 210.55% of gain in just three months which means that the robot trades with very high risks and a large margin. This is confirmed by the following screenshot of the account’s statistics on Myfxbook where we can see that the EA trades with the “EXNESS” broker with the incredibly high leverage level of 1:2000.

Trade Explorer EA live trading results

The fixed drawdown level on this account is 63.67% which together with the absolute gain level and the not-so-long trading period gives up an average profit to drawdown level of 1.1:1. All other real live trading accounts of the Trade Explorer EA also show a good profit to drawdown tendency and on average have around 0.9:1.

But there is another side of the coin. The Trade Explorer EA has two accounts that already were almost blown up catching huge stop-loses on 4th February (for the “Trade Explorer Runner” account) and 10th February (for the “Trade Explorer Live” account). The following screenshots represent the accounts that’s been almost lost.

Trade Explorer EA live trading results

As we can see the “Trade Explorer Live” have faced a huge stoploss on February 10 saving only 6.82% of the gain.

Trade Explorer EA live trading results

And the “Trade Explorer Runner” account faced even more serious damage and went into negative having -15.35% of the gain. These accounts have been working live for 3 and 4 months respectively.

One of the negative factors of this EA is that there is no practical information about the trading strategy of the robot. The developer does not give any clue about the trading algorithms built in the trading system. Most of the information on the selling webpage is just material that aggressively pushes the customer to purchase this robot. There is no technical information about what the person pays for. All the statements, texts, and videos urge a customer that Trade Explorer EA is a cash machine and there is no risk at all. 

All the accounts of the Trade Explorer EA show different trading, and it is hard to consider the exact trading type of the robot but in general, the EA obviously use martingale grid systems as a basic trading strategy which can be confirmed by the random screenshot of one of the Trade Explorer EA accounts.

Trade Explorer EA live trading results

This is a trading activity graph of the “Blaze Markets Trade Explorer” account of the robot. This graph might be indicative to open up a trading strategy of the Trade Explorer EA.

SUMMARY

The Trade Explorer EA is a newly released Forex robot that shows really high profit to drawdown ratios and trades aggressively bringing a high profit. But the aggressive way of trading, the incredibly high risks with the huge leverages, and the Martingale grid-looking trading style speak up about a danger when trading this EA.

I hope, my assumption will be wrong, but I think it is just a matter of time for the live trading accounts of Trade Explorer EA to blow up because even for now we already see two live accounts of the robot being partially or fully destroyed.

Final marks

So let’s finish this review by giving appropriate assessments to the Trade Explorer based on the analysis of its work, statistics, and other factors
Price VS Quality
2/5
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Profitability / Drawdown
5/5
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Statistics duration
3.5/5
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Backtests
0/5
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Authors’ rating
2/5
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AVERAGE
2.5/5
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Speaking about the price to the quality comparison of Trade Explorer EA I give it 2 out of 5. The price of $679 for the trading system that’s been live for only a max of 5-7 months and has 2 blown accounts in my opinion is inappropriate. 

The profitability to drawdown level of the EA is quite impressive (if not taking into account the blown-up accounts) having an average of 1:1 ratio. This definitely gives me a reason to give it 5 out of 5. 

The current trading period of the Trade Explorer EA has a max of 7 months, but it is only one trading account that has such a long trading period. All other five accounts have an average of 2-3 live trading months which means I give it 3.5 out of 5. There are also no backtests for Trade Explorer EA, and so I give it 0 out of 5 for this stat.

I give this Forex robot 2 out of 5 stars. This Forex robot can bring high profits in a short period but all the factors are given in the review testify about the very dangerous nature of this EA which is not what could be called a reliable Forex robot.

Automated ForexStore rating is

7/10

At the moment of writing this review, the automated rating system of the ForexStore rated Trade Explorer EA with 7 points out of 10 which differs a lot from the marks that I gave in this Forex robot review. 

I hope this helps you, traders! I wish you profitable trading and luck on the market!

Trade Explorer - reliable Forex Expert Advisor
Trade Explorer
Trade Explorer - reliable Forex Expert Advisor
Trade Explorer
$697
Buy
Visit the developer's website