As the vendor puts it, Forex Trend Hunter was mainly created to meet the needs of common Forex traders. The EA has also been used productively by veterans. So, with its assistance, you can make several hundred pips in every trade. However, we have to warn you to be cautious with this EA. We have established that the robot will not give you worthwhile profits.
There are claims that the Forex Trend Hunter team is composed of highly experienced developers and Forex traders. We are also informed that some of them have been in this market for 12 years. Unfortunately, we cannot verify this. Furthermore, the names and profiles of these said professionals are still unknown.
Features
The robot includes the following features:
- Fully automated
- Easy to use
- Can be customized to meet individual needs
- Integrated advanced account and money management system
- Works with all brokers and accounts
- Lifetime support and free updates
- Built in advanced loss recovery system
- Protects you against unfair brokers
- Supports EURUSD, EURJPY, GBPJPY, USDCAD and USDJPY
- Customer support is available
- The minimum amount needed is $500
- Focuses on the 1 hour timeframe
How to start trading with Forex Trend Hunter
Forex Trend Hunter follows the trend to identify trading opportunities. The grid and martingale strategies are also used, but the devs don’t disclose this. This is fishy. They are probably afraid that if they feed you with this info, you will not pay attention to their product.
Forex Trend Hunter is being sold at $55 after the vendor reduced its price from $69. The license comes with 1 real and 2 demo accounts, 24/7 customer support, lifetime updates, and a 60-day money-back guarantee.
Backtests
This report is proof that the vendor tested the efficiency of the system. The results weren’t that impressive, though. Between January 2010 and June 2021, the EA completed 1331 trades, achieving win rates of 70.10% for short positions and 50.47% for long ones. The resulting profit for the period was $19992.52. From the profit factor value (1.72), it is clear that the robot’s return rate was low. There was a drawdown of 25.47%.
Verified trading results of Forex Trend Hunter
The performance of Forex Trend Hunter in the live market doesn’t look good. Since February 10, 2020, the robot has been making a monthly profit of 0.88%. So, the cumulative gain to date is 20.29%. A paltry profit of $2,028.30 has been made from a deposit of $10,000. The drawdown is 16.47%. No money has been withdrawn from the account yet.
The system does not place orders regularly and, on average, it holds positions for about 2 days. There are 106 trades with a profit factor of 2.42. The EA has higher chances of losing trades than winning them. That’s why we have an average win of 28.04 pips that is less than the average loss of -35.02 pips by almost 7 pips. The long and short positions have success rates of 64% and 81%, respectively.
The short positions were more successful compared to the long ones.
The EA made tiny profits that ranged between 0.46% and 1.7% from January to August. However, it has been making losses since September to date.
From the trading stats above, one thing is clear: the EA exposed the account to many risks by using dangerous strategies. In addition to using grid and martingale, the robot used big lot sizes and stayed for many days without trading.
Customer reviews
Forex Trend Hunter does not have any customer reviews on FPA or Trustpilot. It’s possible that traders do not know about it yet.
Is Forex Trend Hunter a viable option?
Advantages
- Sold at a cheap price
- A 60-day money-back guarantee is offered
Disadvantages
- Low return rate
- Rarely opens trades daily
- Grid and martingale on the board
- No reviews from customers
Summary
Forex Trend Hunter is not a viable option. The EA has several elements that can work against you. First of all, it doesn’t make enough profits. Secondly, there are times where the system remains inactive for more than a month. As a result, many profit-making opportunities are lost. Finally, the devs have included the grid and martingale, methods which can heighten your risk of suffering numerous losses.
