Developed by the LeapFX team of experienced programmers, the Easy Money X-Ray Robot is a fully automated forex trading system that combines four unique trading indicators into one powerful trading algorithm for automatically trading on the MT4 platform. This forex expert advisor can scan the charts for trading signals. When the algorithm identifies a potential trade, it can open, manage and close a position on behalf of the user. You just need to have the MT4 desktop platform up and running in order for it to work. If you cannot always have the trading terminal running, you could consider a Forex VPS to remotely run MT4 and any other apps 24/7. Forex traders who prefer to trade manual can also set the software to semi-automated mode. In this instance, it can send an SMS or email notification for you to manually check the forex market before deciding if you would like to take the trade or wait for the next opportunity to come along. In this Easy Money X-Ray Robot Review, we will be taking a closer look at the forex strategy used, the key features and most importantly, the latest results of the EA.
- Fully automated forex robot
- Can trade on multiple currency pairs
- Includes already optimised settings
- No backtests
- Myfxbook accounts have not been updated in years
- MetaTrader 4 only
- Limited input settings to adjust
LeapFX state that the Easy Money X-Ray Robot is unique in the sense that it uses a quad indicator system which is a proprietary combination of 4 indicators that are geared towards finding trending market conditions for trade opportunities. It will then enter trades and use a dynamic management system to try and lock in any gains as soon as possible.
The implemented trading algorithm is intelligent and self-adjusting. You can use the Easy Money X-Ray Robot software with the default settings that have already been optimised although you will need to adjust the risk or lot size to a level that you feel comfortable with as every forex trader has a different risk tolerance. The EA has the following options set by the developer: Very Safe Risk, Safe Risk, Medium Risk, and High Risk.
The LeapFX team of experienced programmers have a host of other trading robots you can take a look at including DynaScalp, Trade Explorer, Bounce Trader, AX Trader, Jet Trader Pro, The Fund Trader, Automic Trader, InstantEA, Funnel Trader 2.0, Arbitron, The Skilled Trader, News Action Trader and Econ Power Trader.
Now that we have an idea of the trading strategy that the robot uses, we will take a look at some of its key features.
Fully Automatic Trading
The Easy Money X-Ray Robot does everything from scanning the forex markets using a combination of complex technical analysis from its built-in indicators to placing and managing traders on behalf of the user. This makes it a hands-free trading solution which can be utilised by both beginner and experienced traders alike. However, it is important to make sure that you are aware of the risks involved with any manual or automated trading system. We would always start on a demo trading account to begin with until we become familiar with how a particular forex system works and decide if it is something we would like to use on a real account or not.
Some trading robots can be overwhelming and contain a plethora of complicated settings that make it almost impossible to know where to start. Thankfully, this trading software comes with optimised settings on various currency pairs so that it can be use straight out of the box. However, as we mentioned earlier in this review, you should adjust the risk to a suitable level.
As forex robots are often a popular choice amongst forex traders who don’t have much time or experience, it is important that they are not difficult to understand or setup. The Easy Money X-Ray Robot comes with easy to follow step by step instructions so anyone can be up and running with the software on the MT4 platform in no time. The developers LeapFX are also on hand if and when needs to provide assistance.
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.
Easy Money X-Ray Robot Myfxbook
Perhaps one of the most impressive aspects of this expert advisor in our opinion is the verified Myfxbook real trading accounts that show the Easy Money X-Ray Robot results over a period of time. You can see graphs of each account below and click them for more detailed statistical information. Despite the positives, we would like to see these accounts updated to show the latest results.
Easy Money X-Ray Robot Backtesting
Unfortunately, the LeapFX team have yet to provide any Easy Money X-Ray Robot backtests so we don’t have any way to see its long-term trading results across different market conditions based on historical data. It would be fantastic if they could provide as with some 99% modelling quality backtests so that we can gather more data related to the expert advisor performance.
The Easy Money X-Ray Robot does have a unique trading algorithm that combines four technical indicators into one dynamic automated forex strategy for the MT4 platform. The developers have spent lots of time preparing set files for various trading styles. Despite that, we are disappointed with the outdated Myfxbook account and lack of backtests. Please feel free to take a look at out trading robot ratings for other options.
Although the Easy Money X-Ray Robot strategy makes sense in theory and some results are provided, they haven’t been updated in a while and no backtest data is available to see historical performance over the long term.
What is the Easy Money X Ray Robot price?
There are 2 packages to choose from. The one-year membership costs $347 per year whereas the lifetime membership is a one-off cost of $597. Both packages include optimised settings, free updates for life, full customer support and a 30-day money back guarantee.
Where can I download the Easy Money X Ray Robot?
You can download the Easy Money X Ray Robot from the official website here.
What kind of customer support does Easy Money X Ray Robot offer?
The LeapFX team provide email support.
What are the best brokers to use with the Easy Money X Ray Robot?
You can use any MetaTrader 4 forex broker to run the Easy Money X Ray Robot.
What’s the minimum amount required to trade with the Easy Money X Ray Robot?
There is no specified minimum amount required to start using this trading software. You should only use what you feel comfortable with and can afford to lose.
What is the Easy Money X Ray Robot refund policy?
The software comes with a 30-day money back guarantee.
Is the Easy Money X Ray Robot a scam?
We don’t think that the Easy Money X Ray Robot is a scam and it does have some verified Myfxbook accounts despite them not being updated recently. Regardless, 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 Easy Money X Ray Robot for free?
You probably could spend countless hours looking for a free copy of the Easy Money X Ray Robot being shared but it is likely to be out of date, unsupported and potentially dangerous.
What are the best Easy Money X Ray Robot settings?
The best settings for the Easy Money X Ray Robot are those provided by the developer. Nobody will know the robot more than the person who created it. They would have spent countless hours over many years optimising the settings so that you don’t have to. Note, you will need to change the risk to a level that you feel happy with.
Can I change the Easy Money X Ray Robot 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 Easy Money X Ray Robot?
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 MT4 platform free of charge.
How much money can I make with the Easy Money X Ray Robot?
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 forex system such as the Easy Money X Ray Robot 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.