de | cn | ru

Expert Advisors Reviews

Lion FX Trader EA Review - Is it scam or good forex system?

Aug 10 2017
Jonathan Smith ,

The Lion FX Trader automated system is a rather popular recent example of the dangers involved with grid-based trading strategies. We would advise you to read our basic explanation on the topic of grids, martingale and hedging, if you are not familiar with these terms.


There is no clear information on the strategy behind the Lion FX Trader. However, judging by its recent trading, we can clearly state some sort of grid is involved. The system does not enter the market constantly, but when it does, it averages down i.e. reenters if price moves against it. Here is a snapshot of some of its recent trades:

This is in essence a highly modified grid system. The lot size does not increase with each next step (martingale), which is even more dangerous. In essence, Lion FX Trader only manages its loosing trades via adding to them.


Historical Performance

The historical performance of the Lion FX Trader is being tracked at MyFxBook. The system is run by the developers on a verified account, with Forex4you. The system has gained 678.2% over about a year and a half, but this is not the most impressive thing about the performance. Take a look at the chart:


While the gains are significant, the same can definitely be said for the recent losses. They came with a series of losing trades, as the system went against the newly formed uptrend in EUR/USD. Here is a recap:


The system’s historical drawdown looks like this:



The peak point is around 69%. While the system has started to recover the losses, most investors, who joined in at the high point would definitely not be satisfied with the results. This is the danger of averaging down, we wanted to illustrate. While the Lion FX Trader has made even greater profits, before this massive loss, it is still hard to take.

The Lion FX Trader scores poorly, in terms of average pips per trade, only 2.5. This number is important because it represents the average expected results for each trade the robot places in the future. Lower values make the system more vulnerable to increase in spread, slippage and “bad luck”. We do not recommend trading with systems, who score under 3 pips/trade, while 5 is a much more stable level. The Lucky Pound EA, for instance has a 7.5 pips/trade reading, which makes it much more solid.


The developers behind the Lion FX Trader have chosen the license model of funding. The current price of this EA is $137 for three licenses and $157 for five. These allow lifetime trading, but are connected to a single MetaTrader 4 account each.

Bottom line

The Lion FX Trader has had an interesting run. While the system has made a lot of gains, it has lost back most of them. It uses some sort of grid based strategy to manage losing positions and this is the result. The average pips/trade score of this system is too low, as a result of the massive losses. Hopefully we made the point about the dangers of grid-based trading.


TAGS: lion fx trader  lion fx trader ea  lion fx trader review  lion fx trader scam  lion fx trader grid  lion fx trader drawdown 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

More Forex Expert Advisors Reviews

Forex Strategy Builder Review: Build FX EA without coding skills?

May 07 2019 16:37:02

Forex Strategy Builder is a professional software for building Expert Advisors. It is the alternative of coding the strategies on MQL language. With Forex Strategy Builder it is possible to create FX EA (stands for Forex Expert Advisor) without programming skills. Read more

Forex robot builder review: EA Studio vs FSB Pro

Feb 26 2019 15:35:18

  Forex robot builder is any software that allows the trader to generate, automate and analyze trading strategies. Today we are going to compare two of the most commonly used robot builders - EA Studio and FSB Pro. Read more

Forex Gold Investor EA Review - Is it scam or good forex system?

Nov 01 2017 12:40:41

The Forex Gold Investor is an automated trading systems which, as its name partially suggests, trades gold. In this review, we will attempt to unveil its secrets. Read more

Forex Fury EA Review - Is it scam or good forex system?

Sep 27 2017 15:32:55

 The Forex Fury EA is a product which you may have heard about. The team behind it runs a website, which reviews other Expert Advisors and recommends two of their own. In this review, we will give you our unbiased opinion on the Forex Fury EA. Read more

FXCharger EA Review - Is it scam or good forex system?

Sep 26 2017 15:27:24

This will be a review of the FXCharger Robot, a relatively new and interesting Expert Advisor. While not much is known about the essence of this system, we will delve into it. Read more

Long Vision EA Review - Is it scam or good forex system?

Sep 12 2017 13:34:59

The Long Vision EA is a portfolio of automated systems, which trade the currency markets. The system is being offered by a company called Feycox Development S.L. In this review, we will try to get a better picture of its performance. Read more

Einstein Trader EA Review - Is it scam or good forex system?

Aug 29 2017 09:18:04

The Einstein Trader EA is an automated system which has performed well in recent times. That being the case we decided to take a closer look at it, and see if we can figure out how it generates the results. Read more

Inertia EA Review - is it scam or good forex system?

Aug 18 2017 14:17:15

Have you ever wanted to hire a professional price action trader to manage your funds? If so, the Inertia Trader may be your solution. Here is out our honest review of this interesting trading robot. Read more

Funnel Trader EA Review - Is it scam or good forex system?

Aug 17 2017 11:24:02

We would like to present you the Funnel Trader EA, an automated system, which you can try for a very low price. But before we get to that, let’s take a look at the strategy behind it.   Strategy   The team which created the Funnel Trader does reveal much. Read more

Cash Cow EA Review - is it scam or good forex system?

Aug 15 2017 13:24:24

The Cash Cow EA is interesting not only fot the funny logo, which the developers have chosen. We will take a closer look at this system and reveal the basics of how it trades. The developers claim 98% of trading is automated, while the human element is still occasionally there. Read more

de | cn | ru