Automic Trader is an expert advisor that automatically trades the forex market in the MT4 platform. This particular trading software has been designed and tested by the LeapFX team who have a series of commercial forex robots available for traders to purchase including DynaScalp, Trade Explorer, Bounce Trader, AX Trader, Jet Trader Pro, The Fund Trader, InstantEA, Funnel Trader 2.0, Arbitron, Easy Money X-Ray Robot, The Skilled Trader, News Action Trader and Econ Power Trader. Automic Trader can simultaneously scan multiple currency pair charts for trading signals. When the EA discovers a trading opportunity according to the built-in trading algorithm, it can place and manage a position on behalf of the user. This makes the software accessible to both new forex traders and also those with experience. You just need to have the MetaTrader platform up and running in order for the EA to run. If it is not possible to always have the trading terminal running on your home machine, you could consider a Forex VPS which can remotely run the MT4 platform 24/7 without you needing your own machine switched on. In this Automic Trader Review, we will take a look at the trading strategy used, the key features and perhaps most importantly, how it has been performing recently.
- Fully automated forex robot
- Can trade on multiple currency pairs
- Customisable settings
- Automatic updates
- No backtests
- Myfxbook account has been removed
- MetaTrader 4 only
- Requires very specific broker conditions
Automic Trader uses a multi-currency automated trading strategy that has been specifically developed for 6 currency pairs which are the following: AUD/USD, EUR/GBP, EUR/USD, GBP/JPY, USD/CAD, USD/JPY. The LeapFX team have primarily selected these pairs due to their liquidity and trading volume. What the Automic Trader EA does is try to identify the start of trends on each of these pairs based on momentum and volatility.
Once the criteria for entry satisfies the robots algorithm, the trade is automatically triggered. It then utilizes a dynamic auto adapting trade management system to manage trades all the way through to when they are close. It comes with variable risk levels that you can adjust according to your own trading style.
The developers state that spreads and slippage do not have an adverse impact on the performance of the EA. However, we would always prefer to use a broker with tight spreads, low commission and reliable execution speeds. This can save on trading costs over the long term and can help to give any manual or automated trading system a solid foundation to build upon.
Here we will take a brief look at some of more prominent features of the Automic Trader expert advisor.
The Automic Trader robot enters and closes those trades on your behalf whilst you go about your daily business. The software can trade multiple times per day and may be set to semi-automated if you prefer the robot to send you SMS or email notifications when there is a possible trading signal. You can then decide if you would like to manually take a position or wait until it generates another forex signal.
Multiple Currency Pairs
The expert advisor has been developed to trade on 6 currency pairs. Users may choose to trade as many fx pairs as they wish. If you have the knowledge, skills and experience, you may also test the software on other trading instruments. Just make sure you always run any forex robot on a demo account to begin with so that you can familiarise yourself with how it works and see if it is something that meets your expectations.
The software can be automatically updated. Anyone who purchases this trading robot will get free updates for life.
Automic Trader includes easy to follow step by step instructions that explain how to setup the robot in the MetaTrader platform. Full support is also available and on hand to assist if required.
When choosing a trading robot, one of the most important things to do is to check the latest results and see how it has been performing historically. Whilst this is no guarantee of future performance, it can help to give us a rough idea of the trading system being used.
Automic Trader Myfxbook
We have been provided with a verified Myfxbook account that shows the latest Automic Trader performance on a real trading account. You can see the chart below and click it to get more detailed statistics on the robots trading. As always, past performance is no indication of future results.
Update 15/08/2022: The Myfxbook account has been deleted, which is often an indication that an EA could have crashed. Please see our trading robot ratings for an alternative option.
Automic Trader Backtesting
There aren’t any Automic Trader backtests being shared by the LeapFX team. This is slightly disappointing as long-term historical data backtests could have given us an idea of how the Automic Trader system help up through various market conditions. Hopefully the developers will take note and provide us with 99% modelling quality backtests to include in this review.
The Automic Trader robot implements a multi-currency automated forex trading strategy that can be customised according to your own needs. It would probably fair better in a trending market due to the underlying strategy that it uses. You can refer to the Myfxbook account for the latest results to see if this is a forex robot that you would like to include within your portfolio. We would like to see some backtests of this product added to the developers website in the near future.
What is the Automic Trader price?
There are 2 packages to choose from. The one-year membership that costs $497 per year or the lifetime membership which is a one-off cost of $697. Both options include free updates, full support, set files and a money back guarantee.
Where can I download the Automic Trader?
You can download the Automic Trader from the official website here.
What kind of customer support does Automic Trader offer?
LeapFX offer email support. Help is always at hand if you need anything.
What are the best brokers to use with the Automic Trader?
You can use any MT4 broker to run the Automic Trader.
What’s the minimum amount required to trade with the Automic Trader?
There is no specified minimum amount required to start using this automated trading robot. You should only use what you feel comfortable with and can afford to lose.
What is the Automic Trader refund policy?
You can sign up, download Automic Trader today and test it on a demo or live account for up to 30 days. If you are at all not satisfied for any reason just send them an email and they will refund you.
Is the Automic Trader a scam?
We do not believe that the Automic Trader is a scam but that does not mean it will produce good results. No matter how good any trading robot is, none can predict the future.
Can I get the Automic Trader for free?
You probably could spend countless hours looking for a free version of the Automic Trader being shared but it is likely to be out of date, unsupported and potentially dangerous.
What currency pairs does the Automic Trader trade?
The software has been designed specifically for the AUD/USD, EUR/GBP, EUR/USD, GBP/JPY, USD/CAD and USD/JPY currency pairs.
What are the best Automic Trader settings?
You will get full access to the Automic Trader software that’s customized with the best possible settings based on the development team optimisations across historical data. All that will be required is for you to select your own risk as every trader has a different risk tolerance.
Can I change the Automic Trader settings?
If you have the knowledge and experience, you are free to experiment with your own settings, this includes the lot size, stop loss, take profit, and more. You may wish to test your settings on a demo account to begin with. You could also backtest the robot in the MT4 strategy tester with your own combination of settings to get a rough idea of historical performance.
What do I need to run the Automic Trader?
You will need the MetaTrader 4 desktop platform and an account with a forex broker. Most forex brokers will let you open an account with a small deposit and download the MetaTrader platforms free of charge.
How much money can I make with the Automic Trader?
There are absolutely no guarantees on how good or bad any trading robot will perform. Due to the unpredictable nature of the markets, nobody can predict what will happen in the future. You should make sure that you understand all of the risks involved using any automated trading system such as the Automic Trader expert advisor.