The Money Tree Robot is compliant with NFA brokers and prop firms. According to the developer it does not use hedging and grid on executions and has over a 90% win rate with high average monthly profits. It comes with a detailed setup guide for installation. Review the article below to gain more information on the robots’ pros, cons, transparency, and live records.
Is a The Money Tree Robot robot still good to go?
The expert advisor requires leverage of 1:200 according to Myfxbook records and trades on a real account.
It can work on 15 currency pairs and trades on the MT 4 platform.
LeapFX is the owner of the product and other multiple auto/manual trading bots available in the forex market such as The Fund Trader, Stealth Trader, etc. The enterprise does not provide information on its residing place and executive staff. Traders can ask their inquiries via email or by filling out the form available on the company website.
The robot comes with the following key characteristics:
- 30 days refund policy is available for the product.
- It has multiple buying options.
- The algorithm comes with free lifetime updates and full customer support assured by the developer.
- Upon purchase, users get full software access that has with best built-in settings.
According to the developer the algorithm does not use grid or hedging strategies. It can trade on multiple currencies and has over 90% win rate. From the history on Myfxbook records we can observe that there is some sort of averaging involved. EAch trade comes with a take profit of around 10 pips or so.
How to start trading with The Money Tree Robot
The algorithm has various packages depending on the validity of the license. The $597 deal is valid for one year, whereas users can access the product for a lifetime at $899. Traders must fill out the sign-up form to continue with the purchase.
Investors must follow the following steps to get the system ready:
- Purchase the algorithm directly from the robot website
- Log in to your MetaTrader platform via using credentials
- Take the robot to the expert directory and reload the page
- Connect the algorithm with the chart and start trading
The Money Tree Robot backtests
The author provides no details on backtesting records, which could be used to test the historical performance of the robot. The noted approach is quite unprofessional and raises questions about the efficiency and credibility of the robot.
The live account has been active on Myfxbook since February 2022, where the win rate stands at 92%. The bot has been trading on real account and USD as the major currency. After placing 197 trades, it has generated a profit of $10,325.37. The daily and monthly gains were 2.10% and 91.00%.
The stats showed that the algorithm drawdown value stands at 18.79%, with a profit factor of 3.41.It started with a $1000 deposit and has a current gain percentage of +1,032.54%.
The company has a rating of 4.1 on Trustpilot based on 14 reviews. Although there is no specific feedback available for the robot. One of the customers states that products from Leap FX work improperly and that the company does not take the refund policy seriously.
Another client praised the company and its products and commented that he has never faced a problem using LeapFX products and is satisfied with them.
The Money Tree Robot has no backtesting records and the verified live records are available for a short duration. The company lacks transparency as it does not provide details on their whereabouts and staff members. The product has a 30-day money-back guarantee and comes with technical support.
- Verified live results are available on Myfxbook
- The vendor is not transparent in their portfolio
- A bit costly
- The backtesting results have not been provided for the product