Money Tree EA is a fully automated bot with built-in investment, trading, and growth configurations. According to the vendor, this is a simple and easy-to-use system. The devs provide real trading results verified by Myfxbook to support the claims of profitability. They also indicate that the robot has made a profit of over 700% in just three months. Let us see if it is worth the high price.
Vendor transparency
Cory Ross, the software developer, allegedly has more than 12 years in the industry. One can contact them anytime via email, Skype, or Telegram.
How Money Tree works
The Money Tree bot trades with the short-term trend in volatility. The robot uses a combination of custom volatility filters and moving average filters. It employs intelligence filters to eliminate potentially risky transactions, as well as a tight stop loss to avoid a losing streak.
Features
- It can work with 15 different currency pairs.
- It is prop firm and NFA compliant software.
- The FX robot’s primary strategy is a dynamic trailing system approach.
- It features a low account exposure to risk and tight stop-loss.
- The average trade lasts less than five hours.
Timeframe, currency pairs, deposit
The Money Tree has no specified time frame. The bot trades 17 currency pairs, namely:
- AUDCAD
- AUDCHF
- AUDNZD
- AUDUSD
- EURAUD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURUSD
- GBPUSD
- NZDCHF
- NZDJPY
- NZDUSD
- USDCAD
- USDCHF
- USDJPY
It has no minimum deposit.
Trading approach
The Money Tree bot uses a collection of forex market signals to determine whether to buy or sell a currency pair at any particular time. It handles all transactions for you after you submit the parameters. The devs behind this EA claim that it is on the clock 24/5. It enables you to trade with predetermined risks and profits. You can trade up to 15 pairs, and if you want to trade all of them, you’ll need a CENT account. Otherwise, a standard account will have to suffice.
Pricing and refund
To buy the EA, you’ll have to pay as much as $597 for a one-year membership. The bot will charge $899 for a lifetime membership. Despite the promise of passive income for a lifetime, the prices are high compared to other bots.
Features that come with the subscription plans
- You will have complete access to The Money Tree Robot, including all the settings.
- Manuals with instructions, images, and recommendations.
- Its team will guide you along your journey.
- Free updates without adding more funds.
- 30-day money-back guarantee.
Trading results
The Money Tree Robot has its live trading results shared with Myfxbook. The bot made a total of 226 trades from 2nd Feb 2022 to June 10, 2022. Of these, 121 were long trades, 110 of which resulted in profit.
The other 105 were short trades, and 95 of them resulted in profit. This yielded a win rate of 95.57%. The maximum drawdown was 18.79%. The profit factor, on the other hand, was 3.04. The profit factor is high, but the drawdown also looks high. It indicates the developers’ strategy involves higher risk than it should.
Backtest data analysis
On the Money Tree official website, there are no backtests available. The backtest results are designed to provide statistics that may be used to assess the EA’s effectiveness. Investors can’t be sure of the robot’s advertised outstanding past performance without this information. The absence of backtests raises concerns about the system’s reliability.
People say that the Money Tree Robot is dishonest
The bot promises a 30-day money guarantee, but according to one user on Forex Peace Army, they ignored the refund request.
Another user was angered that his account got blown up and complained about their terrible customer support.
The Money Tree Robot review summary
The Money Tree Robot, according to MyFXBook, has remarkable statistics that can attract any trader. Its ability to keep drawdown low while delivering an outstanding monthly profit proves it has a profitable strategy. However, the lack of backtests to prove its effectiveness is a significant red flag. According to user reviews, they do not even provide a guaranteed 30-day refund.
