ForexEzy
No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
No Result
View All Result
ForexEzy
No Result
View All Result
Home Forex Tools Forex Robots

Leprechaun Review

by Tim Baudin
April 27, 2021
in Forex Robots
0
Leprechaun
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter
Leprechaun Characteristics

Leprechaun is an expert advisor that was released on the MQL5 community on September 1, 2020, by Aleksei Zaitsev. The current version is 3.6 from September 23, 2020. It has a mediocre number of demo downloads – 489. 

Is this service a viable option?

The presentation is short and unprofessional. The vendor has a low level of transparency. First, there’s a single robot in his portfolio. Second, we know little about indicators the system uses to trade. Third, the presentation lacks client testimonials. Fourth, there’s no refund policy provided.

  • There are several strategies on the board: Grid, Martingale, and Hedge. 
  • It executes orders in the trend direction. It’s a lie. 
  • It works with Gold – XAU/USD. 
  • The time frame is H1. 

How to start trading with Leprechaun

The presentation is short for a professional advisor. We’ve grouped up all information in the following list:

  • The robot trades fully automatically. 
  • Grid is the main strategy behind the system. 
  • It tries trading following the trend move. 
  • If the trend changes direction, it executes “reverses the balance of trading positions in the trend direction and closes the whole grid of orders is a plus.” It’s Hedge. 
  • It trades during the American trading session. 
  • It doesn’t keep orders overnight. 
  • The robot uses Martingale to recover after losses. 
  • The expert advisor works better during high-volatility periods. 
  • It doesn’t use data from the MT4 indicators. 
  • If we want to try other symbols to trade, we may do so. 
  • The robot avoids trading during a calm market. 
  • The minimum deposit requirements are $100.
  • We can run the EA on any broker we want.
  • The system can trade well even with high spreads.
Leprechaun Pricing

The offer has changed from $49 to $100. The rental options were removed without any reason. We can use a demo version on the terminal to check the settings and execute a backtest. The robot is delivered without a money-back guarantee.

Leprechaun backtests

Leprechaun backtests

There’s a backtest of XAU/USD on the M5 time frame (why not H1?). The period of data was three months. The spreads were set at 50 pips. The initial deposit was $10,000. The total net profit has become $5,787. The Profit Factor was impossibly low – 1.05. It’s too low for a successful trading advisor. Leprechaun closed 388 deals. The maximum drawdown was 49.65% ($5,775.24). The win rate for Short positions was 38.55%, for Long positions – 81.34%. The chart showed that the system was far from being stable before it was released.

Trading results

Leprechaun Myfxbook

The robot works on a real USD account on a WELTRADE broker automatically with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record and verified trading privileges. It was deployed on October 12, 2020, and deposited at $15,000. Since then, the absolute gain has become +277.57%. An average monthly gain is +22.84%. The maximum drawdown is 58.83%. It’s risky to run this robot because we should have much more margin than the developer mentioned. 

Leprechaun advanced statistics

Leprechaun traded 1264 deals with 49,722 pips. An average win is 1641 pips when an average loss is twice higher -3168 pips. The win rate is 67% for Longs and 66% for Shorts. An average trade length is three days. The Profit Factor is 1.18.

Leprechaun trading results

The robot trades both directions equally by the number of orders.

Leprechaun trading results

The robot focuses on trading at the end of the European trading session.

Leprechaun trading results

Monday (290) and Wednesday (262 deals) are the most traded days.

Leprechaun trading results

The system takes significant risks during the trading activities.

Leprechaun trading results

As we can see, there is a huge Grid of orders with Hedge deals and Martingale at the same time. It’s so risky to use something like that.

Leprechaun trading results

There’s a Grid that is going to be closed with losses.

Leprechaun monthly gain

April 2021 is almost gone. The robot shows that something goes wrong because no significant profits were obtained in March and April.

Other notes

Leprechaun. The developer has a profile with a 567 rate and one product on the board.

The developer has a profile with a 567 rate and one product on the board. It’s few for the developer. There are five friends on the friend list.

People feedback

Leprechaun People feedback

We can see positive and negative comments.

Leprechaun People feedback

This client mentioned that there are risky strategies on the board.

Wrapping up

Advantages

  • Backtest report provided
  • Real-account trading results provided

Disadvantages

  • No strategy explanations provided
  • No settings explanations provided
  • Dangerous trading activity
  • Low trading results in March 2021
  • The offer was doubled
  • No refund policy provided

Summary

Leprechaun is an XAU/USD expert advisor that works with three risky strategies at the same time: Grid, Martingale, and Hedge. The last months showed that the system is not stable. Trading results of March and April show few profits trading with high risks at the same time.

The Best Forex Robots Report Is Already Here!
Check out 30+ best expert advisors with daily updated live results and statistics.
ShareTweet
Previous Post

Using Harmonics to Your Advantage in Forex

Next Post

Onyx Scalper Review

Related Posts

Waiting Night Review

Waiting Night Review

by Richard Brase

Waiting Night is a trading solution that was designed to make profits on the Forex market. The presentation includes explanations...

EA Thomas

EA Thomas Review

by Chintan Patel

EA Thomas is an expert advisor that requires a minimum deposit of $500. The robot works best on the H1...

Genius Assets

Genius Assets Review

by Chintan Patel

Genius Assets is an expert advisor compatible with the MT4 and MT5 platforms. It works by opening virtual trades for...

Aura Rocket Review

Aura Rocket Review

by Richard Brase

Aura Rocket provides a classical way to engage in long-term trading. When you set the EA on low risk, you...

News Catcher Pro Review

News Catcher Pro Review

by Tim Baudin
May 18, 2022
0

News Catcher Pro uses the mean-reversion approach to ensure high returns and low risk. It works on the GBPUSD, EURGBP,...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex Automated Systems

  • TechBerry 9/10
  • Happy Galaxy 8.5/10
  • Forex Cyborg 8.5/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10

Best Crypto Bots

  • Bitsgap 9/10
  • Cryptohopper 8.5/10
  • Pionex 7.5/10

Top Trading Markets

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Cryptocurrency Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Forex VPS
  • Fundamental Analysis
  • Managed Accounts
  • Money Management
  • News
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Apps
  • Trading Psychology
  • Uncategorized
Tags
arbitrage atr Avalanche AVAX Coin bollinger bands cci chart patterns classics copy trading courses Crypto day trading forex brokers forex charts forex ea forex education forex forecasting Forex Indicators forex software reviews grid trading hedging ichimoku macd market cycles news trading oscillators Polkadot price action trading rsi social trading SOL Solana strategies tips & tricks trading bots trading platforms trend trading Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2022 by ForexEzy.com

No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts

© 2022, Forexezy.