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.
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.
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.
|Average monthly gain||3.48%|
|Developer||Automated Forex Tools|
|Currency pairs||EURUSD, USDJPY, EURJPY, USDCAD, GBPJPY|
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.
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.
Unfortunately, we could not find user reviews for this FX EA on reputed third-party review sites like Forexpeacearmy, Trustpilot, etc.