Welcome back! Today’s review is about the Hi-Tech Trader robot. Let’s check it up! We have to visit the official web-site with a presentation.
What’s up with Hi-Tech Trader?
The presentation starts with two idiotic pictures. How do they think weather on the apple watch is connected with the statement “works at most brokerage”.
Going ahead, we get random photos and random texts.
The trading logic of the robot is based on “price swings between Support/Resistances + Indicator analysis + individual mathematical calculations”. The money management system allows not to fix on the take profit level and stop-loss one and makes them flexible. The devs offer to us not only the robot but also 24/5 support, guarantee(?), free update, and transparent price policy.
As we can see from the screenshot, we’ve got the EUR/USD currency pair. The spread level is 20. The profit factor is quite high and equals almost 6. The drawdowns are low (4.62) where the max DD was 29.6%. The win-rate is 85% for the short positions and 88.4% for the longs.
We’ve got the official fxblue account. It’s the real RUB account that has been deployed about two years ago. During the period the total return equals 860% where the monthly gain is 11.5%. The peak drawdown is 19%. The average win-rate is 75%. The profit factor is 1.81 that’s good.
The robot trades only one currency pair: EUR/USD.
As we can see, the risk/reward ratio is 1.93. The average trade length is 7.5 days. The risk of ruins is quite low and equals 0.4%. The average loss is almost 2 times high the win. It can mean that the stop-loss system doesn’t work properly.
This statement is proved by the chart. There have been several months with huge losses, so, we can’t talk about smooth trading at all.
The monthly return shows that when the robot started selling, during the 2 months of the marketing period, it doubled the deposit. The 2019 year has been wise worth comparing to 2018: the annual profit varies in times.
The traded pips are varying so much so we can’t predict how good it’ll be and how good in general the take profit feature.
From the direction chart, we see that the robot can’t be, as profitable on buying as, in selling. The buying profit factor is 1.38 selling one is 3.76
The system includes various patterns.
Hi-Tech Trader pricing
There are three packages. For $100 we’ll get a real account, a demo one. For $115 2 real and demo accounts. For $130 3 real and demo accounts.
Some notes about the site
The site probably was stolen from the company that works with Netflix and others and based in New York City. Taking into account that the account is real RUB one and it’s the owner from Russia, he or she could easily buy a copy of the site from the dev who worked for an American company. It’s very funny and, at the same time warn, that something is going on wrong.
Summing up about Hi-Tech Trader
- Good profitability during 2018
- Low price
- Stolen site
- Lack of strategies explanation
- Lack of features explanations
- Lack of backtests
- The money management system doesn’t work properly
- Low trading results in 2019-2020
- The average loss is almost x2 comparing to the average win
- Only one currency pair
- 10-minutes made presentation
Hi-Tech Trader robot has been good to go robot during Feb and March of 2018. As far we go as less we want it to deploy on the real account. The presentation which has been set on the stolen site and written in 10 minutes without removing the geo-tag and previous owner “hall of fame” just prove that the robot, as well as, its devs closer to be a scam than a person we can trust.