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Forex Trend Hunters believe that they have created the best trend-following forex robot that guarantees a long-term profit. Its sales page claims that you can make a profit in hundreds of pips once you invest in the bot. We are here to confirm or refute these claims. Throughout this article, we perform an EA review of Forex Trend Hunter, its trading techniques, sales page, creators, stats, and user reviews.
What is Forex Trend Hunter?
This is a 100% automated forex trader developed and hosted by Automated Forex Tools which is a group of creators that make these robots cater to different types of trading techniques. We don’t know who the face behind the company is or where their HQ is. The trading robot was designed for amateur traders, but it can also be used successfully by professional traders.
Forex Trend Hunter supports five currency pairs, including EURUSD, EURJPY, GBPJPY, USDCAD, and USDJPY. It is also compatible with any MT4 compatible brokers. Purchasing this software requires a $50 to $60 one-off payment that gives you access to one real account, two demo accounts, 24/7 support, lifetime updates, and a 60-day money-back guarantee. The software’s newest upgrade has resulted in Version 5.3.
EA Review: Forex Trend Hunter
This robot is a trend trader that prides itself in being market-independent. Market independence is perfect for the stock market, forex, cryptocurrency trading, and the likes. It uses several indicators to identify changes in market trends and then choose an opportune time to open a trade. The robot’s website doesn’t describe much about its trading techniques but shows the several features of the bot. These are:
- The bot is user-friendly.
- Works with MT4 compatible brokers
- Protects traders against shady brokers
- Adaptability, fully customizable
- Lifetime support
- Loss recovery system
- Integrated, advanced money-management system
EA Review: Stats and User Reviews
Forex Trend Hunter is part of a franchise of robots, and this is evident in its website. The interface and aesthetics are the same for all bots; only the words change. The sales page is excellent and looks professionally done, and they have displayed the most important parts of the bot.
We have several backtests provided on the bot’s sales page. We focus on one; the bot was done with a 90% modeling quality under the H1 timeframe. The initial deposit was $10000, with a 1.48 profit factor expectation. The expected payoff shown on the backtests is 80.21, and the maximum drawdown of 22.62%.
According to the data provided to and verified by Myfxbook using a demo account, the stats show a 1:500 leverage. The trader uses MT4 and shows a +8.7% profit and a 13.22% drawdown. The demo shows quite disappointing results, with only 43% wins and 57% losses from 308 trades in total.
Our only worry is we haven’t seen the actual bot in action because all these are demo accounts. We were unable to find any user reviews from the popular online review sites out there.
Final Thoughts
We have provided you with all the information you require to make an informed decision. We have seen backtest results, which we should warn you; do not indicate a bot’s actual performance, and demo account data provided by Myfxbook still don’t show the accurate picture. We have no idea of the bot’s origins, and remember transparency is critical in transactions such as this. The only plus is that the one-time payment is favorable compared to other sites.