InstantEA Review (Indicator to Robot Conversion)

InstantEA is a new software developed by the LeapFX team, built to help traders “convert any signal indicator into an automated Forex robot instantly without programming knowledge.” The purpose of turning an indicator into a robot, is that it gives traders the opportunity to backtest thoroughly, modify settings and of course have the system trade on their behalf.

The software is developed by LeapFX, a group that is behind a handful of different robots, indicators and trading courses. Their most latest projects include Jet Trader Pro and News Action Trader. It is unclear exactly who the main developers behind this service are, as they appear to acquire the rights to pre-packaged systems, and then re-brand them. There is nothing wrong with this approach, but we have found that they will generally charge more than the original vendor. So, if you can find out who created the system first and buy it from them, you usually get a better deal.

To get in touch with support, traders can email support@leapfx.com.

InstantEA Review

The InstantEA process appears to be very quick and simple. Traders load the software into the indicators folder, then drop it on their MT4 or MT5 chart then “auto trade and make money!” They also include an indicator traders can use, if they don’t have one in mind.

This system is built for traders that already have a signal indicator that they really like to use, that they want to automate. If you don’t have an indicator that you want to automate, then there is no reason for you to purchase the software.

Generally, if traders want to automate one of their indicators they will have to hire a freelancer. While this may sound difficult, it’s actually quite easy through the MQL5 marketplace. It wouldn’t be as fast as the InstantEA obviously, which is what makes the product compelling. Though, with a price of $247, you aren’t really saving much, as most coders will automate a system for you, for a few hundred, depending on the complexity of that system of course.

Pricing

As it stands, the software goes for a one time payment of $247. With this prices traders get access to multiple features:

• InstantEA software
• Updates
• Lifetime license
• Support
• Bonus signal trading indicator
• 14 day money back guarantee

The money back guarantee is important with a service like this one. As, you can quickly see if your indicators work with this type of program, and find out if it’s for you within the 2 week period quite easily. We recommend making sure that you are aware of this return period if you decide to sign up. In our experience, the LeapFX team is forthright when it comes to support and returns which is always a good thing.

Customization

As soon as the InstantEA software begins to work with the indicator, it allows for the original system to be customized easily. There are many different settings that can help traders adjust their strategy, and make the original indicator trade exactly the way they want it to.

These settings include fixed lots, money management, set trading time, stop loss, take profit, trailing stops, hedging, control trade frequency, partial trade closures and much more.

Conclusion

The InstantEA is a very specific program, built for a specific reason. If you have a signal indicator that you really like, but you are tired of trading it manually, then you should consider this software. Otherwise, this really isn’t built the average trader.

If you have anything you would like to add to the review, please leave your comments and questions below the article now.