Leo Trader Pro Review
Note: See my test results and recommendation at the bottom of this review.
Leo Trader Pro
The people behind Leo Trader Pro exert themselves to prove that claims made by vendors of forex robots can only be trusted if they give you read-only access to their own live account(s) – which only they do. Their robot is based on what they call a “neural network” – the only robot which is able to adapt to the “personality” of the forex market.
Leo Trader Pro Claims
These people make very strong claims. They claim that Leo Trader Pro is the only forex robot that produces average net profits of 60.68% per month (2.80% per day). It has been doing that for 8 months (489.98%) and “we KNOW it will continue to do so for years to come” on complete auto-pilot, 100% hands free. This includes a drawdown of less than 8%. They promise that the robot will perform similarly for you as well and that you will “grow rich FAST” and that they will prove it beyond all doubt.
Leo Trader Pro Credibility
How do they back these very strong claims? They do that in the only two ways, according to them, which can really prove claims beyond any doubt: The first way is to give their customers “read-only” access to their own live trading account (“Account investor password access”). With this they say they will “prove the proof”. Everybody can verify every single trade, that it is a real, live account where real money is being traded and also verify the profits as claimed above.
As a matter of fact, they did exactly this in public at their booth at The International Traders Expo™ Las Vegas, Nevada (November 17th-21st, 2010), where everybody could access their account on this basis. For the second and final proof of their claim, they’re willing to go the “golden extra mile”: An official confirmation by the broker where the live account is being traded. They did this by recording a telephone call to Jani Hjerppe, the CEO of FinFX, the Forex brokerage where their accounts are being traded, asking him to CERTIFY over the phone (recorded) and in writing Leo Trader Pro™’s performance. The letter is available on the website of FinFX.
The Essence of Leo Trader Pro
According to the vendors of this robot the basic problem for all forex robots is the fact that markets have a very complex, very dynamic personality, which is not compatible with “rule based systems” ( deducted from back-testing), upon which 99% of all forex robots are based. These robots cannot think or adapt. They are hard coded and completely “locked” to a certain type of market behavior. They cannot adapt to new market conditions.
Leo Trader Pro is based on “Neural Net Technology” and is able to adapt to new market conditions and market personality, exactly like manual traders can do (and why they are successful).
Automated neural nets are able not only able to adapt to market conditions, they are also able to be trained on an ongoing basis to adapt to the market, to speculate on price behavior “with awesome accuracy” and to generate trades which are” over 99% profitable”, trade with less than 8% drawdown, and, according to the vendors, guarantee that you will never be caught off guard when market behavior changes.
One final word on the training of “neural networks”: “Neural networks are “trained” on a daily basis. They are as close as can be to a “living and breathing” entity. The beauty of neural networks is that the more you have, the more you get them to co-operate with each other and feed each others logic, the more accurate will their trade triggers be. Leo Trader Pro™ uses 7 neural nets…and the platform which allows them to “communicate” with each other. They DO NOT rely on a set of hard rules and they do not favor any particular strategy! They allow the CURRENT market behavior to dictate the correct strategy and parameters to be used.”
The Leo Trader Pro Package:
For $67 you get Leo Trader Pro™, which takes 2 minutes to install. The program is covered by a 60 day risk free money back guarantee.
My Leo Trader ProTest Results and Conclusion
I am currently testing Leo Trader Pro. See my testing stats and account statement on the Forex Robot Testing page. Also visit my Top 5 list or subscribe to my weekly robot testing newsletter.
