Jet Trader Proclaims to provide consistent profits for 14 consecutive years. This fully automated software assures a maximum of 20% monthly returns with low risk. Promoted by the LeapFX group, this expert advisor is created by Jack McKennon. The official site does not provide much info on the developer or the company. There are no company details like founding year, team member credentials, location address, phone contact, etc. From the company website, we find the firm offers auto and manual trading services, Forex Brokers, and managed accounts. Automic trader, Dynascalp, AX Trader are other products of the company.
Jet Trader Pro at a glance
|Price||$347 – $697|
|Trading Platforms||MT4, MT5|
|Strategy||Dynamic price protection|
|Recommended Deposit||$100 – $250|
Jet Trader Pro functionality
According to the developer info, this FX EA has generated 2,334 pips profit with its effective approach. The ATS is customized for working on the EURUSD pair and its design enables it to provide returns from the volatility of the pair. As per the developer, the software’s structure has been set up for taking advantage of the volatility of the EURUSD pair and has provided phenomenal results over a longer-term.
The vendor recommends starting with a deposit ranging from $100 to $250. There are no recommendations for the leverage, broker, and other settings.
Jet Trader Pro trading strategy tests
As per the official site info, this FX Robot uses a dynamic price protection strategy. The approach is further enhanced by the integrated reversal countermeasures to grow profits even in bad market conditions. There is mention of the software controlling the risk effectively giving you a competitive edge over others.
We could not find further info on the approach. The vague explanation is not sufficient to know about the system and its effectiveness. Furthermore, there are no backtesting reports present to verify the vendor’s claims of profitability. Traders prefer backtesting a system to ensure its strategy is effective. The lack of the strategy tester reports makes it difficult to understand the approach.
What about Jet Trader Pro real trading results?
A few documented and verified trading results are posted on the official site. Here is one of them using the EXNESS broker and the leverage of 1:400 on the MT4 platform.
From the real USCCent account above, we can see a total profit of 63.89% and an absolute profit of 53.25%. A daily return of 0.14% and a monthly return of 4.43% are present. The drawdown is 16.74%. For a deposit of USC3,000, the balance is USC 3,097.50. The account shows consistent growth since it started in January 2021. For a total of 295 trades, profitability of 75% is present and the profit factor is 2.45. From the trading history, it is clear that the lot sizes used vary ranging from 0.01 to 0.08. While the drawdown is not high, the varying lot sizes and the below-average profits indicate an ineffective and risky approach.
An annual license costing $347 and a lifetime license costing $697 are available for this FX robot. The features included in the packages are the trading software, the best settings, full support, lifetime updates, and a 30-day money-back guarantee. When compared to the prevailing rates of similar products in the market, we find this EA is expensive.
An online contact form is the only support method present for getting in touch with the vendor. The lack of features like live chat, phone number, location address, etc. makes it difficult to get a quick response for user queries and concerns.
Unfortunately, we could not find user feedback for this MT4 tool on reputed sites like FPA, Trustpilot, etc. The absence prevents us from providing a comprehensive assessment of the system as user feedback offers a better insight into the software.
Jet Trader Pro Review SummaryJet Trader Pro
Functionality2/5 BadThe developer provides very minimal info on the functionality of the system.
Trading strategy2/5 BadA vague explanation is present for the strategy which prevents us from understanding the system.
Live results3/5 NeutralVarying lot sizes and low profits indicate an ineffective and risky approach.
Customer support2/5 BadNo live chat, FAQ, Phone number, etc. are present for support.
User reviews2/5 BadNo user testimonials are found for this FX Robot on sites like FPA, Trustpilot, etc.
- A fully automated system
- Results verified by reputed third-party sites
- Refund offer
- A vague strategy explanation
- Real trading results show a risky approach
- No user reviews