Pattern Trader Pro is a new Forex expert advisor that promises to utilize a human intelligence automation hybrid that this market has never seen before. They believe that their software can easily “kick out up to 82% profit every 3 to 4 months like clockwork.” While some of the presentation comes across as professional, other aspects like the vendor claiming to have earned $1 million from $5000 deposit in just two years, is something concerning. It’s also worth noting, that the vendor has no proof of this million dollar gain so it probably shouldn’t be included in this presentation.
According to the sales page the creator of the software is Michael Aigars. Furhter research shows that he goes by the name Aigars Vasiljevs in multiple other platforms including Facebook and his MQL5 profile. He is located in Latvia, and currently has 2 products on the MQL5 marketplace, the “Pro future predictor” and “Pure Manual.” Neither of these products has any real feedback, but it’s apparent that the “Pure Manual” trading acocunt is now being used as the main account for the PTP. Furthermore, it looks as if Aigars was going to release this software on his own, but was bought out by the LeapFX team, and is now releasing it under their name. In order to get in touch with support, traders can email email@example.com.
None of this information is necessarily an issue, because traders frequently use aliases in this market and LeapFX’s acquisition of this software is legal.
Pattern Trader Pro Review
It’s worth saying, that the Pattern Trader Pro sales page is heavily convoluted. While we appreciate information, there is a lot of fluff on this website that needs to be disregarded and simply thrown away. There are simply way too many marketing references to million dollar returns and secrets that are “just coming to light now.” As far as we’re concerned, marketing like this can cheapen the product, and take away from its true abilities.
The robot utilizes a pattern recognition strategy, which looks to take advantage of double tops, rising wages, double bottoms, falling wedges and more. The developers feel that when these formations are recognized that the software can easily provided 85% to 95% chance of winning.
The second part of the strategy is human intelligence. Once an opportunity is recognized, the trade conditions must be verified by human. Apparently, Aigars pays trusted traders to approve and deny trades in the back end, which puts this in the best Forex robot discussion. We would like to see some sort of proof that the trades are being impacted by humans on the backend, because many developers of claimed this in the past without any proof. It would also be reasonable to introduce us to some of these trusted traders to get a better understanding of their Forex trading experience.
- Type: Forex Robot
- Price: $397/year
- Strategy: Pattern Recognition
- Timeframe: H1
- Pairs: All Pairs
The Pattern Trader Pro is currently priced quite exorbitantly at $397 per year. The vendor feels that the total value is actually worth well over $4000 because of their unlimited maintenance, software access, human intelligence module and pinpoint direction. While we’re sure many of these aspects are very important, the price does seem a little high compared to the rest of the market, as you can see in our recent reviews of the Hedge Forex Robot and Rob Booker Robots Collection.
The vendor currently provides a single live Myfxbook account that has been running since November 16th, 2018. During this period of almost 4 months, the software has traded 244 times for a gain of 96%, with a maximum drawdown of 17.25%. While the sample size is definitely small, these are impressive numbers so far.
The average trade length is 13 hours, and the risk reward ratio is 44 pips per win, to 28 pips per loss. This is an effective risk reward ratio.
While the system has been trading a very short period of time, the monthly gain is trending in a downward direction. In November the robot gains 26%, in December 16%, in January 14%, in February 11% and in march 5%. It’s clear that the software is still gaining which is a positive, but it’s also clear that the software is gaining less and less as time goes on. Hopefully the next month is larger, and we don’t see this trend continue, because often we come across systems after they’ve had their best months. If this software continues to dip, there will be no reason to spend $397 a year for such small gains.
Our first impression of the Pattern Trader Pro is relatively positive. Yet, we aren’t in a position to recommend it in its current state. Considering the software has only been trading for a few months, we would like to see how it performs over a much longer period of time. This way, we can watch the trading results and also see if client trading results are in line with the vendor.
If you have anything you like to add to the review, or have your own results to share, please do so below.
Pattern Trader Pro $397/year
- Trading Results
- Client Feedback
- Customer Support
Pattern Trader Pro is a Forex robot with a unique trading approach and live Myfxbook results.
Live myfxbook account
Too much marketing fluff
Small sample size results