Bounce Trader is a new expert advisor developed or acquired by the LeapFX team. They believe that this robot is one of the “few trading systems” that “can make over 900% profit in just a few months.” Their goal is to bring successful Forex trading techniques to the masses, and feel they’ve accomplished this feat with this new bot. Today we will be providing a review, and letting the community know if this is a truly viable investment opportunity.
The creators of the robot are LeapFX, a popular robot developer that’s been producing systems since 2012. Though, while they started out as developers, they now seem to spend more of their efforts in acquiring or re-branding products that are already available. There is nothing wrong with this approach, but we have found in other systems they’ve released that we could have got them cheaper from the original vendor. Since we found this out though, we’ve been unable to find the original vendor’s as LeapFX has done a better job at concealing the product.
To get in touch with support, traders can email email@example.com.
Bounce Trader Review
The Bounce Trader website is well put together with strategy information, trading results, screen shots and some marketing jargon but not too much. As a whole, the majority of the content is straight forward and avoids over-writing, which is something that often drives us crazy when reading Forex sales pages.
They list a handful of features they feel sets their robot apart from their competitors. The list includes a low starting deposit of $100, a beginner friendly approach, compatibility with most leverages and avoiding high risk strategies like grid, martingale or hedge trading. These are generally features we see in all of the best Forex robots, so it’s nothing special, but it’s to be expected.
We are quite impressed with the Bounce Trader strategy explanation. Most vendors in this market fail to provide any detail about their trade approach, but LeapFX did a great job. They let us know what they are looking for, with specifics, and show example images.
The robot uses momentum, price action, and key levels in conjunction to determine viable trading opportunities. They feel that using “multiple components in a strategy is important because independently they are not as accurate, but when combined accuracy increases creating a more reliable, consistent, and profitable result.”
They use the momentum indicator to determine over sold/overbought levels, they use price action to examine candlesticks, and key levels to monitor different support/resistance levels. The explanations aren’t complicated, so they are simple enough for anyone to understand, and gives us a baseline on what fundamentals the software is built around. We don’t often see explanations like these, as you can see in our critiques of WallStreet Forex Robot, Forex Robotron and Forex Gump.
- Type: Forex Robot
- Price: $597
- Strategy: Momentum, price action and key levels
- Timeframe: Undisclosed
- Pairs: GBPUSD
For traders interested in the Bounce Trader EA by LeapFX, it is currently going for $597. At this price, traders get lifetime access to the software, automated updates, hands on support and a 30 day money back guarantee. There is another option which is $347 for yearly access, but this doesn’t seem like a great option, as two years would cost you more than just buying the software outright in the first place.
The LeapFX team currently provide a single live trading account verified by Myfxbook, showing the Bounce Trader performance results. This account is quite effective, showing a gain of around 1000% with a drawdown of 22.93%. The account started at $500, and is now around the $5000 mark. This is a significant gain, but it’s quite apparent that the developer was using a very high risk trade approach to achieve these numbers. They did keep the drawdown low which is impressive, but they traded large lot sizes risking huge chunks of their account for each trade.
If you go into the trade history, you will see gains of nearly 50% in a single trade for just 60 pips. Which means, if the trade went down just 120 pips, the entire account would have been lost. So, while the results are impressive, they were incredibly high risk at an early date, which is also shown by their monthly gain. As almost all of their earnings came in the first two months, and now in August, the system is showing a gain of just 12.76% over the last 26 days. There is nothing wrong with their approach, but it isn’t realistic for most traders to take on such a high level of risk without having a high level of experience and expertise with the robot.
There is another area of the website where the vendor shows screenshots of other trading accounts, with very short sample sizes, but none of these accounts are available in Myfxbook. We are unsure if they crashed, or why the LeapFX team is not providing access to these.
The Bounce Trader by LeapFX is a slow, and deliberate trading software. The strategy is well explained, and they do provide live trading results, which is a plus. Yet, at this time, the software has only placed 26 trades over the course over 4 months, so we don’t have a great handle on how it will perform in the long term. We would like to get our hands on a demo version, and potentially see how this thing works for real traders.
If you have anything you would like to add to the review, please leave your comments below the article now.
Bounce Trader $597
Bounce Trader is a Forex expert advisor claiming to be able to make 900% profit in a few months time.
Good strategy insight
Small sample size