Is Forex Trend Detector effective? According to the EA’s website, the bot’s creators claim that they have made a software tool that combines raw math and technology to help traders gain financial stability. The forex bot is incredibly precise, accurate, and profitable, turning risky trading into profitable paydays.
We scour its website to find out the bot’s working mechanism, the stats available, and genuine user reviews to determine whether the bot works.
What is Forex Trend Detector?
Forex Trend Detector is an automated trading bot that works with the intelligent money algorithm to make a profit. The bot is a part of the bot range that FXAutomater makes. According to the site, the bot has been created by highly experienced fund managers with over 15 years of forex trading experience. The site promises a state-of-the-art profit protection system and a high reward to risk ratio. The bot is easy to download and install and has been made ready to use.
Forex Trend Detector has no packages, and it comes as a complete set that costs around $200-$300 depending on the discount offer in place at the time of purchase. When you purchase the bot, you gain access to one real account, two demo accounts, EUR/USD, GBP/USD currency pairs, and 24/7 lifetime support. You will also get lifetime updates, a detailed user guide, and emotion-free trading.
EA Review: Forex Trend Detector
The bot doesn’t use exotic or speculative technology, but the site mentions an intelligent money algorithm that includes volatility breakouts and a conservative drawdown compensating algorithm. The site claims that this bot’s algorithm has been tried, tested, and modified to be the best in the market.
Forex Trend Detector Features:
- Exact market entries
- High reward to risk ratio
- Accurate market entries
- Effective stop loss
- The bot doesn’t need optimization
- Advanced Time management system
- 100% guaranteed long-term profits
- Visual risk indication system
The EA works with both MT4 and MT5 and is neither slippage nor spread dependent. Their visual trade indication system allows the bot to determine the best time to start and stop trade to minimize loss. You can use this bot for low, medium, or high-risk trades. You get a 60-day money-back guarantee with this package.
EA Review: Stats and Community Review
Forex Trend Detector’s website is very professionally done. The first disclaimer on the page is that the EA doesn’t work with the current market trends so the creators recommend us to other forex bots. The creators have tried explaining how they trade and the algorithm they use, which is a plus.
With the magic algorithm, a trader can adjust its indicators in real-time using a polynomial algorithm. The site contains several backtests that use 90% modeling quality, with the bot’s stats missing on Myfxbook. They provided their data last in April 2019.
We could only find two reviews, a positive and a negative one. The negative reviewer seemed to get their money back, so that’s a testament to the money-back guarantee working.
The site said it all; the site isn’t suitable for the current market trends and therefore, they went ahead to withdraw their data from Myfxbook and are directing you to alternative bots. All the fingers are pointing towards any option other than Forex Trend Detector. Who are you to say no?