ProHT TREND EA is a fully automated Forex robot that uses H1 and H4 time frames to trade the market. The website suggests that this system works best with any fast execution broker. The robot uses a magic number to manage trades on the MT 4 platform. We will review this bot below to see if it can be a good source of profit for the general community.
ProHT TREND EA strategies and tests
The algorithm trades using “Trend-Support/Resistance-Reverse Trend-Volumes Size” on EURUSD, AUDUSD, CADCHF, EURCAD, GBPUSD, USDCAD, and USDCHF. It analyzes trades on the H1-H4 charts and requires leverage from 1:30 till 1:2000.
The history present on Myfxbook records shows us that it implements averaging strategies and has a day trading approach with a mean trade duration of 20 hours and 5 minutes.
The service has the following features:
- It includes a Breakout filter.
- The EA works with any account: STANDARD, CENT, and ECN.
- The robot executes trades 24/5.
- It comes with free updates available post-purchase.
- The system executes trades across 7 currency pairs.
Unfortunately, we could find no traces of backtesting records that are part and parcel of any trustworthy and credible vendor. They indicate the historical performance of the robot for reference. This points toward a lack of transparency by the seller.
ProHT TREND EA live trading account review
Live trading results can be found on Myfxbook. They are available from Mar 22, 2022, till April 02, 2022. It can be seen that the robot has a monthly gain of 5.49%. The drawdown value is 6.53%. The balance amount stands at 10,548.74 USD, and profits are reported as 548.74 USD.
The algorithm has made a total of 357 trades. Out of these, 70% are profitable. Lot size is shown as 20.68 and the profit factor is depicted as 1.26.
This robot is sold for 120 USD, which has been slashed down from 400 USD—diminishing sales? Might be. Nevertheless, there is no information about what the package includes, i.e., number of real/demo accounts, money-back guarantee, detailed user manual, etc. Furthermore, the vendor does not use a secure transaction system as it lacks any cyber security verification for purchase.
Is ProHT TREND EA a good system to rely on?
There are no customer reviews that can be found on third-party verification sites like Forex Peace Army and TrustPilot. Furthermore, we observed that the website design is very lousy and inconsistent, using abysmal grammar. Also, the sellers provide no money-back guarantee upon purchase. All of these raise serious concerns about this product.