News Action Trader was designed for traders who want to earn from Global Forex News. According to the bot’s sales page, the Trader is a sure-fire way of income generation through minimal risk within a small time frame. We perform an EA review on the News Action Trader bot’s working mechanisms, sales website, and trader reactions to trading with it.
What is News Action Trader?
News Action Trader is a fully automated forex bot that leverages global news to gain profit. The bot is part of LeakFx, a company that makes similar bots and was founded in 2012. According to the EA’s website, News Action Trade’s creator is Mikhail Zaprudin, a former software engineer.
Mikhail claims to have created the News Action Trader using inspiration from his previous electric surge management system to quickly respond to incoming ones. He has tried and tested the bot while making modifications to create the best news trader in the market. The site guarantees 50%, 100% and 150% profit when you use their site.
You can subscribe to the bot using two ways; the first way is to pay two $247 instalments per month or a lifetime payment of $397. When you choose the payment plan, you will get a lifetime license, updates and support. You will also be able to trade using six currency pairs and a 30-day money-back guarantee for the package regardless of which payment option you chose.
EA Review: News Action Trader
The bot runs on both MT4 and MT5 and uses technological advancements to quickly identify and follow through with practical strategies to ensure a trader doesn’t take huge losses. Your funds are protected with this bot using the stop loss technique and the ability to withdraw the trade when uncertain of the outcome. This technique makes it a low-risk trade. What sets this bot apart from the myriad of bots out there?
New Action Trader supports six currency pairs: AUDUSD, AUDJPY, USDCAD, NZDUSD, GBPUSD, and XAUUSD. The bot works by using its advanced news identifier to get news before it breaks and adjusts its parameters according to the best outcome. You need to remember to connect with a forex broker to use this bot efficiently.
Features of the News Action Trader
- You can trade with gold
- Low-risk trading
- Compatible with MT4/5
- Uses the breakthrough technology
- 30-day money-back guarantee
EA Review: Stats and Community Trust
News Action Trader has provided us with backtests on their websites, and they share their live data with Myfxbook to analyse. The backtests should give you a picture of what to expect while trading but will not portray the reality. News trading is tough to predict.
We noticed that the last time they updated their data was in July 2020, and no further data is available. The site still uses old statistics to show success, yet the bot dived a year ago. We were unable to find any user reviews from popular review sites on the Internet.
Mikhail gives us an entire narrative on how he left his software engineering job to start making bots, but this is a narrative many forex sites out there use. The gains seem believable and are verified by Myfxbook, but why doesn’t this bot have any reviews since 2012? This seems a bit odd.