Econ Power Trader Review Introduction
In order for Econ Power Trader to set up for trades, speed and efficiency are required, and even more importantly, the same accuracy and efficiency are needed when exiting the trades, since that is precisely where the trader makes or loses his money.
Trading Idea
To put it bluntly, Econ Power Trader is a news straddle trader that has been designed for day traders. Econ Power Trader Never uses a grid, Never uses martingale, Never uses cost averaging, & Never over leverages.
Econ Power Trader Criteria
License
The Econ Power Trader EA can be used on one account of your choice, demo or live. Switching accounts is then possible whenever you like.
Installing
Installing the software is simple and the majority of it is set up automatically. Even those with little computer experience can use it.
Broker / VPS
We recommend trading with Econ Power Trader on IC Markets Forex Brokers via TradingFX VPS Forex VPS for the best stability and profitability.
Installation Guide
The installation guide that comes with Econ Power Trader shows you step-by-step, with pictures, how to install it easily and quickly.
Best Settings
Already built into Econ Power Trader are the most efficient settings that the developer personally uses on his accounts. However, if you are a more experienced trader, you will have access to dozens of controls that allow you to dictate how the software runs. You can specify what news to trade, and much more is possible.
2X Customer Support
The team behind a system determines its success. That's why LeapFX Trading Academy's Econ Power Trader team is highly knowledgeable. Should you need extra help, they will be able to contact the developer directly. They will be available anytime and will be able to help you.
Updates
News trading will always work. The basis for this strategy is timeless. It will work as long as news exists and the markets respond to this news.
But with that said, the EA developer claims that he is somewhat of a perfectionist and loves to constantly improve himself and his systems.
This means that if he finds that a tweak to the strategy or the settings could squeeze out more profit for you and himself, then he'd make the adjustments. He'd give you access to these changes for free, right away.
The LeapFX Guarantee
LeapFX Trading Academy's website is dedicated to bringing together the best and brightest traders in the industry. They do their best to test and verify all systems that they offer on their website. Although they are confident in the systems they list, not all systems are right for everyone. If for any reason you want a refund they will ensure you are refunded even if they have to pay you out of their own pocket.
Refund Policy
The Iron-Clad 30-day money-back guarantee honored for absolutely any reason by LeapFX Trading Academy.
Supported Currency Pairs
AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, & USDJPYMetaTrader Chart Timeframe
Any3rd Party Verified Live Trading Result Statements
Trading Strategy
Adaptive Intelligent News Trading Technology (AINTT)
It is now possible to navigate the treacherous and unexpected volatility that the financial news and global events currently experience in a way that is easy and straightforward using a radical and innovative automated tool that LeapFX Trading Academy developed using adaptive intelligent news trading technology, also known as AINTT.
The good news is that this new platform exists to help you no longer lose trades or blow up your account, but instead make money by taking advantage of news events on the market.
A few days out of every week, the system will automatically open an order for a high-impact news story, as there are generally at least 1 or 2 high-impact news stories that are available from one country or another on least every other day.
AINTT is designed to pick the statistically most intelligent pending order positions, then open them, and manage them with impeccable timing.
LeapFX Trading Academy were able to give even more speed and efficiency to the built-in technology by cutting out major DLLs.
This reduces processing time, unlike other trading systems that can get bogged down with inefficiencies.
Timing
If you open pending orders too soon or too late, you risk initiating a trade that really should not have been triggered. This puts you at significant risk of losing the trade. Therefore, it is imperative to time these pending orders so that they open at the right time. And if they fail to trigger, they need to be closed immediately to avoid false trade openings.
Positioning
It is wise not to open pending orders too close to the current price action, but also not too far away. This is to avoid false head movements that cause the trade to trigger. This will immediately trigger the stop loss. This is no fun, and a lot of amateurs get caught in this mistake. And on the flip side, we don’t want orders too far away. This will mean we will miss all the profit if the trade triggers or maybe miss the trade completely.
Managing Trades with Econ Power Trader
It is typical for a high-impact news event to happen within a few seconds after the pending orders have been opened.
When the news is received and there is practically no movement in the market as a consequence of the news, then the trades will promptly be closed by the system to prevent the trading signals from being triggered by the news into unpredictable trades which could go in any direction - and of course, this is an undesirable act.
As an example, suppose the trades open into active trades due to a strong movement in the market as a result of high-impact news that affects the market. Econ Power Trader's next task is to make use of its innovative technology to provide intelligent management of trades using the technology it has developed.
The system is designed with the objective of outsmarting your broker and outsmarting the market as well. In order to keep your profits instead of having to give them up, there have been a few tools built in to help you do that. These include:
- The tight stop loss is usually not greater than 15 pips to 20 pips on average.
- A take profit can sometimes be as high as 100 pips or even more, depending on the situation.
- The system always intervenes in order to ensure that trades are closed automatically based on trailing stop. If the broker refuses to accept the shift in stop loss, the system will intervene automatically based on the trailing stop, and close the trades.
In Brief
As you know when news happens and when it’s worth trading, there will be a strong movement, kind of like this:
If that goes against the winning act or doesn’t happen, Econ Power Trader doesn’t want to be stuck in the trade, but if was caught in the right direction Econ Power Trader absolutely would want to ride it fully.
So, with that logic, the stop loss is very small, so small that it barely puts even a scratch on your account if you lose the trade.
But if you win, you can win up to 100 pips! Now that will make a huge dent of profit!
It is for this reason that Econ Power Trader is one of the safest systems available on the market today.
Now that you know exactly what Econ Power Trader can and will do for you, you should be able to effectively trade. Moreover, if you were wondering, you could be a complete novice and still use this software to run your account within minutes of getting it up and running on your account if you were so inclined.
Promotional Video (by the Vendor)
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Talk about Econ Power Trader
Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
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Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.