Funnel Trader 2.0 is an automated forex trading robot that has been developed by the LeapFX team. They are a talented team of developers who have a range of commercially available forex robots that you can purchase, including the Funnel Trader EA, DynaScalp, Trade Explorer, Bounce Trader, AX Trader, Jet Trader Pro, The Fund Trader, Automic Trader, InstantEA, Arbitron, Easy Money X-Ray Robot, The Skilled Trader, News Action Trader and Econ Power Trader. Using an exhaustive screening process, LeapFX are able to offer you exclusive forex and crypto trading systems that are designed by professionals and validated through live forward testing and back testing verification. The Funnel Trader 2.0 robot has been programmed to run in the desktop version of the popular MetaTrader 4 platform which you can download for free from the majority of forex brokers, if you don’t have it already. In this Funnel Trader 2.0 Review, we will take a look at the software strategy, features and most importantly the results.
- Fully automated forex robot
- Can trade on multiple currency pairs
- Customisable settings
- Trade protection via unique balancing system
- No backtests
- Large drawdowns
- Myfxbook has not been updated in a while
- MetaTrader 4 only
The Funnel Trader 2.0 robot uses a multi-currency trend and volatility system. Overall, the trading strategy that is implemented within the Funnel Trader 2.0 EA is based on short term trends and volatility. It simply attempts to identify the short-term trend and trades in that direction while utilizing volatility to lock in a position as and when it deems necessary. The system trades multiple currency pairs at the same time, and coordinates all of them whilst trying to balance out the risk.
The software will scan charts in the MT4 platform for trading signals. When it finds a valid opportunity according to the robots built-in trading algorithm, it can place, manage and exit a position on behalf of the user. This makes it a 100% fully automated system that can be used by both beginner and experienced traders alike.
Alternatively, if you prefer to trade manually and maintain control over all of your trades, you can set the robot to semi-automated mode. In this instance, it will send you a forex signal notification via SMS, email or platform pop-up., You can then decide if you would like to take the position yourself or wait until the next signal comes along.
You will need the MT4 platform up and running on your computer or laptop for the Funnel Trader EA to be able to place trades. If you cannot always have your machine switched on, you could consider a Forex VPS. Although a VPS is not mandatory for trading, a reliable VPS can maintain around the clock operation of your trading systems without having to worry about power or internet interruptions.
Let’s take a look at some of the key features of the Funnel Trader 2.0 expert advisor.
The software runs fully automated meaning that you do not have to do any complex market analysis. It can do everything from finding the trades to managing them on your behalf.
The system trades on multiple currency pairs which shows good diversity. It also means that there is ample opportunity for trading signals. Users can choose to trade as little or as many forex pairs as they wish. We find that major currency pairs such as the EUR/USD and GBP/USD tend to have plenty of liquidity which can lead to some big market movements. Due to the vast liquidity of these pairs, they also often have some of the tightest spreads and reliable execution speeds.
As the Funnel Trader EA can have multiple trades open at the same time, it uses a unique balancing system. For example, if the software has 2 pairs with one trading in a profit, but another pair running the trade in a loss, the system will identify its mistake, close the profit trades and loser whilst still trying to maintain a positive risk to reward ratio. Keep in mind, a trade protection system does not mean there will not be any losing trades. Losses are a part of any manual or automated trading system.
Quick & Easy Setup
This forex robot includes easy to follow instructions and full support to help ensure a quick and easy setup regardless of your prior experience with trading robots.
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.
Funnel Trader 2.0 Myfxbook
The LeapFX team have published and shared a Myfxbook verified Funnel Trader 2.0 account which you can see below. Myfxbook is an automated analytical tool for forex traders that allows users to verify a trading account is real and valid. You can click the Myfxbook chart below for more detailed statistics.
Funnel Trader 2.0 Backtesting
We are disappointed with the lack of Funnel Trader 2.0 backtests provided by the developers. Whilst many may argue that real live verified results are more important, we would always like to see backtests over many years of historical data to get an idea of how the system may have performed over different forex market conditions.
The Funnel Trader 2.0 software does have a sound trading logic behind it whilst the claims made by the developer are backed by a verified Myfxbook account that has been running for reasonable amount of time. Furthermore, the product is versatile and suitable for all levels of forex trader. That being said, we would only test it on a demo account to begin with before deciding if it is a strategy that we would like to include on a real trading account. There are also no backtests available which may have helped potential users make a more informed decision when considering this particular forex robot.
Funnel Trader 2.0 is a versatile forex robot that trades automatically in the MT4 platform using a trend and volatility strategy. It is backed-up with Myfxbook verified results and a money back guarantee.
What is the Funnel Trader 2.0 price?
There are two payment options when purchasing Funnel Trader, you can choose a yearly membership for $397, or you can choose a lifetime membership for $799 and never pay again. Both options include free updates, full support and a money back guarantee.
Where can I download the Funnel Trader 2.0?
To gain access to Funnel Trader 2.0 Robot, you simply choose your payment plan from the official website here and click the buy now button. You will then get an email confirmation and instant access to members area to get started.
What kind of customer support does Funnel Trader 2.0 offer?
LeapFX provide email support.
What are the best brokers to use with the Funnel Trader 2.0?
You can use any MetaTrader broker to run Funnel Trader 2.0.
What’s the minimum amount required to trade with the Funnel Trader 2.0?
There is no specified minimum amount required to start using this trading software. You should only ever trade with what you feel comfortable to use and can afford to lose.
What is the Funnel Trader 2.0 refund policy?
With Funnel Trader 2.0, the purchase comes with a money back guarantee. If for any reason you are unsatisfied with the software within 30 days of your purchase just let the LeapFX team know and we’ll refund you every penny you paid.
Is the Funnel Trader 2.0 a scam?
Personally, we do not believe that Funnel Trader 2.0 is a scam but that does not mean it will produce good results. No matter how good any forex robot is, none can predict the future.
Can I get the Funnel Trader 2.0 for free?
You probably could spend countless hours looking for a free version of the Funnel Trader 2.0 robot being shared but it is likely to be out of date, unsupported and potentially dangerous.
What is the best Funnel Trader 2.0 settings?
The best settings for the Funnel Trader 2.0 are more than likely going to be those that are 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. However, you should make sure that you adjust the position size according to your own risk preferences.
Can I change the Funnel Trader 2.0 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 Funnel Trader 2.0?
You will need the MetaTrader desktop platform and an account with a forex broker. Most forex brokers will let you open an account with a small deposit and provide a free demo account.
How much money can I make with the Funnel Trader 2.0?
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 trading system such as the Funnel Trader 2.0 expert advisor.
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.