Forex Robots

Forex Trend Hunter Review: An FX Robot With Insufficient Performance Proof

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Forex Trend Hunter

Forex Trend Hunter is an FX Robot working on the MT4 terminal. It is a completely automated system that uses the trend-following method. As per the vendor, the ATS is capable of long-term profits and can make returns of hundreds of pips in a single transaction.

According to the vendor info, the company, Automated Forex Tools, is made of a team of experienced developers and FX traders with more than 12 years of experience. The domain copyright is from 2015 to 2021. We could not find further info on the team members, their experience, and their expertise. There is no info present on the founding year, the location, phone number, etc.

Forex Trend Hunter strategies and tests

Features of Forex Trend Hunter

Features of Forex Trend Hunter

Some of the key features that the vendor focuses on for this FX EA are:

  • This MT4 tool is a fully hands-free system that does not need manual intervention by the trader.
  • An integral advanced structure for money and account management is present in the EA.
  • It uses an advanced loss recovery method to ensure profits are made even in fluctuating market situations.
  • The system supports all types of brokers and accounts including brokers based in the US.
  • It uses protective features to secure you from discriminating brokers and their deceptive methods.
  • It is fully personalized and can adapt to the individual needs of the user.
  • The main currency pairs this system works on are EURUSD, USDCAD, USDJPY, GBPJPY, and EURJPY.

For the strategy, the vendor explains that it uses the trend-following method. Additionally, it uses the advanced recovery method that benefits you by enhancing profits, notwithstanding the market situation. There is no further explanation of the strategy, which we find suspicious.

A few backtesting reports are present for this FX robot. Here is one of the backtests done on the EURUSD pair using the H1 timeframe.

Backtesting results of Forex Trend Hunter

Backtesting results of Forex Trend Hunter

From the above report, we can see that an initial deposit of $10000 had generated a total net profit of $19992.52. For the test done from 2010 up to 2021, the total number of trades was 1331. Profitability of 59.05% and a profit factor of 1.72 were present for the account. The maximum drawdown for the account was 25.47%. A drawdown higher than 20% is something that most traders are not comfortable with. Further, the percentage of profit trades is not very high indicating an ineffective approach.

Forex Trend Hunter live trading account review

A demo USD account using the IC Markets broker and the leverage of 1:500 on the MT4 platform is present for this EA. The account verified by the myfxbook site is shown below:

Growth curve of Forex Trend Hunter

Growth curve of Forex Trend Hunter

Advanced trading stats of Forex Trend Hunter

Advanced trading stats of Forex Trend Hunter

From the above report, we can see a total profit of 20% and an absolute profit of 19.98% are present for the account. A daily and monthly profit of 0.03% and 0.83% are present. The drawdown value is 16.47%. For a deposit of $10000, the account that started in February 2020, shows a profit of $1999. A total of 116 trades have been executed with 67% profitability and a profit factor of 2.17.

From the trading history, we can see lots of varying sizes are used ranging from 0.13 to 0.26. Comparing the backtesting report with the demo trading we find the profits are more in the latter result. However, the varying lot sizes in the demo account show a risky approach.

Pricing

Pricing package of Forex Trend Hunter

Pricing package of Forex Trend Hunter

A one-time payment of $34 is charged for purchasing the license of this EA. The package includes one real account and two demo accounts. Lifetime updates and 24/7 support are also present. The vendor offers a 60-day money-back assurance with the purchase. When compared to the prevailing prices of similar systems in the market, we find the price is inexpensive.

Is Forex Trend Hunter a good system to rely on?

Our evaluation of this FX EA reveals that Forex Trend Hunter is unreliable due to the following factors:

  • Lack of vendor transparency

The vendor does not provide details concerning the company, team members, location, etc.

  • No real trading results

Although verified results are present, they are for demo accounts only.

Unfortunately, we could not find user feedback for this FX Robot on trusted review sites like FPA, Trustpilot, etc.

Forex Trend Hunter

5

Forex Trend Hunter claims to provide a profitable trading opportunity with its MT4 compatible system. After our detailed Forex Trend Hunter review, we have found that the lack of vendor transparency, insufficient explanation of the strategy, lack of user reviews, inadequate support, absence of live trading results and the inefficient approach are the main drawbacks of the MT4 tool.

  • Fully automated system
  • Inexpensive price
  • The strategy is not explained
  • Only demo results present
  • Risky approach seen in trading results

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