Bounce Trader Review
The Bounce Trader EA is an innovative forex robot for the MT4 platform that is capable of adjusting to different market conditions as it uses a combination of market analysis. There is a verified Myfxbook account shared by the developers where you can see up to date results of the software.
The Bounce Trader EA is an automated forex trading strategy that combines 3 types of analysis into one unique trading algorithm. This expert advisor runs in the popular MetaTrader platform where it can constantly scan your charts for trading signals. When the software identifies a valid opportunity according to its implemented trading strategy, it can open and manage positions on behalf of the trader. Whilst this makes it a completely automated system, it can also be set to semi-automated mode to send you an SMS or email notification when there is a possible forex signal. You may then decide to take the trade or wait for the next alert. In this Bounce Trader EA Review, we will take a closer look at the trading strategy, features and results of this forex robot.
The Bounce Trader EA uses a strategy that combines 3 important principles of any forex market analysis and trading strategy that determines when a trade is opened and in what direction (buy or sell). These are momentum, price action, and key levels.
Momentum: The system will try to determine oversold and overbought levels based on various momentum indicators. This helps the system to try and determine if a reversal of movement may be approaching coming or not.
Price Action: By examining the candlesticks, their highs, lows, size, and positioning, it helps the system to try and anticipate the possible direction of the market.
Key Levels: There are different levels of support and resistance in the market. By trading around them, understanding them, and respecting them, the system looks to try and improve its accuracy.
Utilizing multiple components into one strategy can be deemed important because independently they may not be as accurate at filtering trades, but when combined they could possibly increase the quality of signals by creating a more rounded approach to market analysis.
Importantly, the strategy does not rely on any potentially dangerous martingale money management or grid trading systems. It is also FIFO compliant and doesn’t need to use hedging.
The developers state that they are firm believers if the principles that 20% of trading is about the strategy, whilst the other 80% is the trade management. Without proper trade management everything falls apart – even if the strategy is super accurate. That is why they decided to create the Bounce Trader system to strictly trade with some of the lowest risk methods – 1 open trade maximum, no martingale, no grids, no hedging and reasonable stop loss levels.
This automated trading system has been created by the experienced LeapFX team of computer programmers who have years of experience in the trading robot industry. They have a selection of forex robots which you can purchase including the Bounce Trader expert advisor and DynaScalp, Trade Explorer, AX Trader, Jet Trader Pro, The Fund Trader, Automic Trader, InstantEA, Funnel Trader 2.0, Arbitron, Easy Money X-Ray Robot, The Skilled Trader, News Action Trader and Econ Power Trader.
Now that we have an understanding of the Bounce Trader strategy, we will take a look at some of the key features of the software.
Automated Trading
Whilst the trading strategy built-in to the software may seem complex at first, users don’t actually have to worry about how exactly it works if they don’t want to. That is because Bounce Trader is fully automated and trades for you, opening, managing, and closing trades. Regardless of your prior experience, you can use this robot but you must always be clear of the risks involved with using any forex software.
Money Management
This is a key component of any trading robot. The Bounce Trader EA has fully customisable money management settings so that you can choose a stop loss, take profit and risk level that you feel happy with. Whilst the developer does provide out of the box settings for all of the inputs so that you don’t need to play around looking for the best settings, you will need to adjust the position size according to your own risk preference because every trader is different in that aspect. You can choose lower risk, medium risk or higher risk.
Easy Installation
The software includes detailed setup instructions for a quick and easy installation process. You can have it running on the MT4 platform within minutes whilst the LeapFX support team or on hand to assist you if necessary. Even if you don’t have any experience with MT4 or forex robots, it should still be relatively straight forward.
Automatic Updates
This is a feature we like as certain trading robots can become outdated without users even realising it if they don’t check their email. To tackle this issue, LeapFX have developed an over the internet mechanism that allows them to automatically update the trading software and improve the settings without you having to actually make any changes yourself.
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.
Bounce Trader Myfxbook
The LeapFX team have published and shared a real trading account on Myfxbook that shows how well the Bounce Trader EA has been performing over the years. You can see the latest results on the graph below and click it is you would like to view more detailed statistics. As always, it is imperative to keep in mind that past performance is not a guarantee of future results.
Bounce Trader Backtesting
There are no Bounce Trader backtests provided by LeapFX for us to see how it may have performed over historical data. Although there is a verified Myfxbook account being shared, we would still like to see some backtests so we can get an idea of the potential of the robot across different currency pairs, chart timeframes and market conditions.
The Bounce Trader expert advisor is an innovative automated forex system that combines multiple market analysis so that it can try adapting to different market conditions whilst it uses sensible money management according to the developer. There is a Myfxbook account running the Bounce Trader EA which gives us an idea of recent results. The settings are fully customisable and default set files are also included. You can adjust the money management according to your risk tolerance level and the software is also self-updating. We believe that it would help potential users if LeapFX could also add some 99% modelling quality backtests to show the trading strategies long-term historical performance across different instruments.
What is the Bounce Trader price?
There are two payment options, an annual license for $347 or a lifetime license for a one-off cost of $597. Both options include automatic updates, hands on support and a 30-day money back guarantee.
Where can I download the Bounce Trader?
You can get the Bounce Trader EA directly from the official website here. You will get full access instantly to the members area to download the software and instruction manual.
What kind of customer support does Bounce Trader offer?
If you have any questions, concerns, or trouble installing or setting up the software, LeapFX provide hands on support to help you.
What are the best brokers to use with the Bounce Trader?
You can use any forex broker that has the MetaTrader 4 platform for desktop available, which is the majority of them.
What’s the minimum amount required to trade with the Bounce Trader?
There is no specified minimum amount required to start using this automated trading software. You should only use what you feel comfortable with and can afford to lose.
What is the Bounce Trader refund policy?
If for any reason at all within the 30 days of your purchase you are not happy with the system, LeapFX will refund you.
Is the Bounce Trader a scam?
We personally don’t believe that Bounce Trader is a scam as there is a verified trading account showing how it is trading. Regardless, that does not mean it will produce good results. No matter how good any trading robot is, none of them can predict the future.
Can I get the Bounce Trader for free?
You probably could spend countless hours looking for a free version of the Bounce Trader robot being shared but it is likely to be out of date, unsupported and potentially dangerous.
What are the best Bounce Trader settings?
LeapFX provide the best built in settings based on their own optimisation for users in the members area. That being said, you should always adjust the risk to a suitable level.
Can I change the Bounce 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 MetaTrader strategy tester with your own combination of settings to get a rough idea of historical performance.
What do I need to run the Bounce 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. You could also get a free demo account to try out the robot risk free to start.
How much money can I make with the Bounce Trader?
There are absolutely no guarantees on how good or bad any forex 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 forex strategy such as the Bounce Trader EA.
Results are based on historical data. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is no guarantee of future performance. You should understand the risks involved with trading. Your capital is at risk.
