Expert AdvisorsForex

Forex Trend Hunter Review: Things You Need to Know Before Investing

2 Mins read
3.0

Forex Trend Hunter works on the MT4 platform and uses the trend-following approach. As per the vendor, the system focuses on ensuring successful returns with every transaction you make. The MT4 tool works on multiple currency pairs and uses a sophisticated system for recovering losses and adapting to the changes in the market.

Forex Trend Hunter trading strategy

As per the info provided by the vendor, this FX EA uses the trend-following approach to ensure long-term profits. Unlike scalping systems that make rapid losses, the vendor states that the recovery system used by this ATS allows achieving profits even in unsuitable market conditions. We could not find further info on the strategy.

Forex Trend Hunter backtesting report

A few backtesting results are present on the official site. Here is one of the backtests done for the EURUSD pair using the H1 timeframe.

Backtesting result for Forex Trend Hunter on the official site
Backtesting result for Forex Trend Hunter on the official site

From the above stats, we can see the testing was done from 2010 to 2021. A total net profit of 19992.52 was generated for an initial deposit of 10000. The profit factor was 1.72 and the profitability was 59.05%. For a total of 1331 trades, the maximum drawdown was 25.47%. From the results, we can see the profits are not high and the drawdown is also high indicating an ineffective approach.

Forex Trend Hunter live results

The vendor provides demo trading results verified by the myfxbook site. Here is a screenshot of a demo USD account using the IC Markets broker and the leverage of 1:500 on the MT4 terminal.

Growth curve of Forex Trend Hunter on the myfxbook site
Growth curve of Forex Trend Hunter on the myfxbook site
Trading stats of Forex Trend Hunter on the myfxbook site
Trading stats of Forex Trend Hunter on the myfxbook site

From the above stats, we can see a total profit of 27.92% and an absolute profit of the same value is generated for the account that started in July 2021. The daily and monthly profits are 0.11% and 3.48%. A drawdown of 23.58% is present. For a deposit of $5000, the profitability is 54% and the profit factor is 1.42. A total of 281 trades have been completed. From the trading history, we can see a lot size of 0.14 was used. The big lot size, a drawdown higher than 20%, and low profitability are similar to the backtesting results indicating that the approach used is risky and ineffective.

Some features of Forex Trend Hunter

Important features of the FX EA are:

  • It uses an integrated money and account management method.
  • An advanced system for loss recovery is present to ensure profits in any market condition.
  • The software is hands-free and easy to use.
  • It can be customized to individual requirements.
  • Broker protection feature is present to safeguard from unscrupulous brokers.
  • It works on the EURUSD, USDJPY, USDCAD, EURJPY, and GBPJPY pairs.
  • The minimum deposit needed is $500.

The vendor does not provide info on the recommended timeframe, leverage, brokers, etc.

Total return27.92%
Maximal drawdown 23.58%
Average monthly gain 3.48%
DeveloperAutomated Forex Tools
Created yearN/A
Price$129
TypeTrend-following
TimeframeN/A
Lot sizeN/A
LeverageN/A
Min.deposit$500
Recommended depositN/A
Recommended brokersN/A
Currency pairsEURUSD, USDJPY, EURJPY, USDCAD, GBPJPY
ECNN/A

Main things to consider if you invest with Forex Trend Hunter

If you are interested in this EA, then you need to pay attention to:

Verified trading results

The vendor offers verified demo trading results and not real trading stats. The provided stats show a high drawdown, big lot sizes, and low profits.

Lack of vendor transparency

Automated Forex Tools is the company that develops and promotes this FX EA. As per the company info, they have 12 years of experience in developing FX tools. There are no details provided like the team member info, their expertise, a location address for the company, phone number, etc.

Pricing details

You can buy this FX EA for $129. One real account, 2 demo accounts, lifetime updates, and 24/7 support are available with the package. A 60-day money-back guarantee is present. When compared to the market average, we find the price is affordable.

Other notes

Unfortunately, we could not find user reviews for this FX EA on reputed third-party review sites like Forexpeacearmy, Trustpilot, etc.

Forex Trend Hunter Summary

3.0
Forex Trend Hunter promises a profitable trading system with its advanced features and trend-following method. Our analysis reveals certain downsides in the EA like the risky approach seen in the trading stats and lack of vendor transparency that you should consider before deciding on this FX robot.
3.0

Functionality

3.0

Reliability

3.0

Strategy

4.0

Price

3.0

Trading Results

2.0

Vendor Transparency

Pros

  • +It is a fully automated system
  • +Verified trading results
  • +Affordable pricing

Cons

  • -Lack of vendor transparency
  • -Risky approach is seen in the trading stats
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