ProHT TREND EA is a Forex expert advisor that can trade in multiple currency pairs. It allows you to trade with high leverage. Also, you can use different types of accounts with this robot.
The presentation on the official website is not very detailed and the vendor has not clearly explained how the EA works. They have shared some recommendations related to the EA settings, but we don’t have a detailed explanation of the strategy. Also, we don’t have any links to backtests or live trading statistics.
The parent company behind this EA is known as HollandTrader and it is based in the Netherlands. According to the Myfxbook profile of this company, it has been around for over five years. However, we don’t know anything about the team members and the vendor has not shared any contact details.
Features
This EA is compatible with pairs like EUR/USD, AUD/USD, CAD/CHF, EUR/CAD, GBP/USD, USD/CAD, and USD/CHF. It mainly uses two strategies, namely trend and reverse trend. For the trend strategy, it uses support and resistance levels and for the reverse trend strategy, it utilizes volume size. The robot also has fake break out filters. Unfortunately, backtests are not supported by this expert advisor.
How to start trading with ProHT TREND EA
The current price of this expert advisor is $99, including taxes. Compared to other systems on the market, this is quite affordable. However, the vendor does not offer a money-back guarantee.
As per the vendor’s recommendation, you should load the EA on H1 and H4 charts. You can use any leverage between 1:30 and 1:2000. Also, you can use any broker with a swift execution speed. The EA supports different types of accounts like ECN, Cent, and Standard. ProHT TREN EA remains active 24 hours a day, 5 days a week.
The developers offer free updates for this robot, but they advise you not to change the settings. For each pair, there must be a unique magic number.
Backtests
This backtest was conducted from March 1, 2021 to March 17, 2022. During the testing period, the EA conducted a total of 5790 trades, winning 94% of them. Apart from the incredibly high win rate, it also had an impressive profit factor of 5.43. While the daily and monthly gains were 2.02% and 82.3%, respectively, the drawdown was 11.92%. For this backtest, the robot generated a total profit of $20,494,458.77.
Verified trading results of ProHT TREND EA
The vendor has not shared the verified trading results on the official website. We found this demo trading account on Myfxbook after conducting our own research. This account was launched on March 22, 2022, so it has a very short trading history. It is extremely difficult to gauge the profitability of a system from such a small sample size of trades.
After conducting 199 trades, the win rate for this account currently stands at 70%, which is significantly lower than what we saw in the backtest. The profit factor of 1.57 can be considered decent and the drawdown of 3.16% is well within the acceptable margin.
At this moment, the daily and monthly gains are 0.69% and 5.68%, while the total profit is $567.84. It is interesting to note that, for the backtest, the daily and monthly gains were much higher, even though the results were based on a large number of trades. To date, this account has experienced a time-weighted return of 5.68%.
Here we have the recent trades conducted through this account. As you can see, the EA has used a lot size of 0.05 for the last 20 trades. It is prone to suffering consecutive losses and follows a high-frequency trading strategy. The average win and loss for the account are 19.81 pips/$11.23 and -28.09 pips/-$17.03, respectively.
Customer reviews
Unfortunately, there are no user reviews for this expert advisor on trusted third-party websites like Myfxbook, Quora, Forex Peace Army, and Trustpilot.
Is ProHT TREND EA a viable option?
| Advantages | Disadvantages |
| Available at an affordable price | Very short trading history |
| No customer reviews | |
| No money-back guarantee |
Wrapping up
We don’t have much information on the parent company behind ProHT TREND EA. It has not been trading live for too long and there are no reviews that can tell us about the experience of real customers. Although the robot is cheaper than others, the vendor does not entertain refund requests.
