Easy Money X-Ray Robot

Posted by & filed under Forex reviews.

We have reached the end of our three month trial of the Easy Money X-Ray Robot and here are the final results:-

 

Profit/Loss:   -$4348
Trade Success Rate:   52%
Bank Growth:   -43%
Cost:  $347 per year or $597 for lifetime access    
Average number of trades:   8 per day
VERDICT:  FAILED
Rating: 1.0 out of 5.0 stars

 

You can view full results here.

 

Easy Money X-Ray Robot – Full Review

 

The Easy Money X-Ray Robot comes from Leap FX and is based on a quad indicator system which is a proprietary combination of 4 indicators that spot trending opportunities.

It was highly touted at the outset of our review and came with some very impressive-looking results, claiming to make around 35-50% profit per month.

Leap FX say the robot is intelligent and self-adjusting with your only input being the selection of the amount of risk you can tolerate, with four risk settings available.

We operated the robot for just over four months and unfortunately in that time it made a loss of $4348 from starting capital of $10,000.

As mentioned in our review updates, there were some considerably increases in lot sizes on some of the trades, which looked a little like Martingale-style loss recovery to us. These led to some huge losing trades of $400-$500 in some cases, compared to the vast majority of other trades which were more in the range of $1-5 wins or losses.

So those large losses very much drained the bank and led to the substantial overall deficit.

We expect it will not be a surprise then to learn that we are awarding this robot a FAILED rating based on the results of our trial which were very disappointing.

 

Service Breakdown

Ease of use: Setting up the robot wasn’t too difficult, there is a detailed manual showing you how to do so on a step-by-step basis and experienced robot users would find it fairly straightforward. Once the robot is set up you can just let it run, although of course you will need a VPS unless you keep your PC running all the time.

Transparency of results: None of the results on their myfxbook pages are up-to-date, all finishing in February, which is never a good sign.

Did our results match those on their website? As above, their results only go up to February so we don’t have anything to compare our results to. We did have some problems with our VPS earlier on in the trial though so our results would not have matched in any event.

Trade success rate: The trade success rate for the trial was 52% which is okay in itself, but as pointed out above the real problem was those few trades that ran up massive losses.

Subscription costs: The costs for access to the robot at the time of writing are $347 per year or $597 for lifetime access.

 

OVERALL VERDICT: FAILED 1.0 out of 5.0 stars

The Easy Money X-Ray Robot was released with a lot of fanfare and claimed to make gains of 35-50% per month. Sadly the results of our trial were quite the opposite, with large losses made and certainly not “easy money.”

Most of the losses came from a small number of trades which had hugely increased lot sizes, something that looked like loss-recovery to us.

In any event, with an overall loss of $4348 made for our trial, this robot receives a FAILED rating.

 

 

 

 

 


Easy Money X-Ray Robot – Results Update

21st April 2021

There has been somewhat of a comeback for the Easy Money X-Ray Robot lately, with a profit of $1502 made since our last update.

With the previous losses however it still has a long way to go to get back to even as it is now $4405 down for our trial overall.

You can view full results here.

We remarked last time on the huge increase in lot sizes, which continued for a short time but are now back down at 0.01 and 0.02 again.

We’re really not sure it’s a sensible or professional approach to vary the lot size from 0.01 to 4.36 and it smacks of loss-recovery style trading, which is never a good thing.

A sensible trading strategy would use similar lot sizes for each trade and that is something we look for in services we follow.

 

 

 


Easy Money X-Ray Robot – Results Update

15th March 2021

It’s been a disastrous run for the Easy Money X-Ray Robot lately, with a loss of $5952 made since our last update.

That means it is now $5907 down for our trial overall.

You can view full results here.

We aren’t sure exactly what’s happened, but over the last week there have been some huge increases in lot size, which has translated into massive losses on the trades.

Our settings haven’t changed so it looks like a loss-recovery strategy gone awry, or else something has gone wrong with the bot.

Either way it isn’t good and the losses now represent over 50% of the $10,000 starting bank.

A swift recovery is needed!

 

 

 

 


Easy Money X-Ray Robot – Results Update

15th March 2021

The Easy Money X-Ray Robot is living up to its name, with another $45 profit made since our last update.

That means it is now $109 up for our trial overall.

You can view full results here.

Unfortunately there have been some problems with the robot executing trades. We had some issues with our VPS previously, but more recently it looks like whilst the robot appeared to be activated on our MT4 platform, it was not actually executing the trades it should have been. So we had to reinstall it and get it back up and running again properly.

In any event, such are the quirks of running forex robots but all appears to be in order now and trades are being executed correctly. Hopefully that will be the case for the remainder of our review.

 

 

 


Easy Money X-Ray Robot – Results Update

19th February 2021

It’s been a solid start to our trial of the Easy Money X-Ray Robot, with a profit of $64 made so far on the closed trades after three weeks.

The open trades are currently $42 up which is encouraging.

You can view full results here.

We had some problems with our VPS so missed some trades in the week of 11th February. It has been fairly quiet this week as well but a small profit made.

Anyway, good to see a positive start with this one, let’s see if it continues.

 

 

 

 


Easy Money X-Ray Robot – New Review

1st February 2021

We are starting a new review today of a forex robot called the Easy Money X-Ray Robot from Leap FX.

It has been highly touted and comes with some very impressive-looking results, claiming to make around 35-50% profit per month. Pretty extraordinary results if true.

Apparently it is based on a quad indicator system which is a proprietary combination of 4 indicators that spot trending opportunities.

It will then enter trades and use a dynamic management system to lock in profits – or take losses as the case may be.

Leap FX say the robot is intelligent and self-adjusting with your only input being the selection of the amount of risk you can tolerate, with four risk settings available.

There are links to various myfxbook accounts showing the results going back to March of last year and indeed the gains do look impressive, with over 150% profit made.

Looking at the results a bit more closely however you can see large variation in the lot sizes and some runs of big losing trades.

Of course you can adjust the risk to a suitable level for you and lot sizes appropriate to your account, so that in itself is not a red flag. The amounts traded on their account look big because of the initial deposit and account size but it is the net profit that is important in pips and percentage terms and that looks good.

There are some intriguing stop losses and take profit targets, with some stop losses being 400 pips away whilst the take profit being just 3 pips! In reality however they appear to close the trades well before the stop losses are hit so those might be more backstop positions.

Anyway, this appears interesting enough to take a closer look at and we are intrigued to see if the past results can be matched in a live trial.

So we will kick off our review today and will report back soon on how things are going.

In the meantime you can check out the Easy Money X-Ray Robot here. 

 

 

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