Forex Trend Detector is a robot that was designed by FX Automater to work with trend trading opportunities on Forex. The company is well-known among other robot developers on the market. It has a big portfolio of automated trading solutions.
As we can see, the developers noticed that the system trades with low frequency because it’s not updated to current market conditions.
The next we see the time offer to get a $60 discount.
There’s a typical as for FX Automater package. The digital copy of Forex Trend Detector costs $237 instead of $297. It includes one real account license, two demo account licenses, possibility to trade EUR/USD and GBP/USD. The robot is delivered with a 60-day money-back guarantee.
There is also access to the member area, lifetime updates and upgrades, and a detailed user guide.
Forex Trend Detector Strategy
As we can see from the name, the system focuses on trading trend market moves.
Forex Trend Detector Features
The presentation has many features and settings explanations:
- The robot is introduced like “The Only EA on The Market Used by Professional Traders and Money Managers.”
- We have no idea why these risk levels have the same information.
- It’s completely unclear what they want to convince us of.
- There’s a “smart movie” feature implemented in the EA.
- The robot calculates Entry Points pretty well.
- It has a high Risk to Reward ratio.
- There are tight Stop Losses.
- The system can be used with any slippage and spreads.
- It can be run on any MT4 and MT5 broker.
- The money-management system is applied.
- There’s a drawdown compensating algorithm.
- There’s high-spread and high-slippage protection.
- There’s a “State-of-the-art” protection system.
- The robot has a dynamic trading logic.
- Advanced time management is provided.
- The robot closes trades with high profits in pips.
- There’s a 100% guarantee of the long-term profits.
Forex Trend Detector Backtesting Results
We have several backtests with various symbols and risks. This one is 2% GBP/USD backtest on the M5 time frame. The modeling quality was 90.00%. The spread was set at 10 pips. An initial deposit was $5000. The total net profit has become $1,593,476. The Profit Factor was 1.38. The maximum drawdown was medium – 36.43%. The robot has closed 1595 deals with 61% of the win-rate for Shorts and 55% for Longs.
Forex Trend Detector Trading Results
The developers removed trading results from the site thus we’ve decided to conduct additional research and found a profile with trading results on myfxbook.
The robot has worked on the real EUR account on Darwinex automatically. The leverage was 1:200. The system had a verified track record. The account was created on June 18, 2015, and stopped on January 7, 2021. Since then, the absolute gain was -37.94%. An average monthly gain was -0.70%. The maximum drawdown was 2.71% (it’s incorrect).
Forex Trend Detector has stopped being a safe and low-drawdown trading solution since 2018.
It has closed 1133 deals with -807.7 pips. An average win was 43.38 pips when an average loss was -36.17 pips. The win-rate was 41% for Longs and 48% for Shorts. An average trade length was over twelve hours. The Profit Factor is 0.91.
The system worked only with EUR/USD and GBP/USD currency pairs.
The system focused on trading high-impact news periods.
Thursday (357 deals) was the most-traded day.
As we can see, the last 18 deals were closed with losses.
In 2020-2021, the results were horrible.
Forex Trend Detector Reputation
The company runs a profile on the Forex Peace Army site.
As we can see, the company representative tried to write a positive review, but the rate from it was removed. The robot doesn’t trade frequently and profitably for sure.
Forex Trend Detector Review Summary
- Strategy – score (3/10)
- Functionality & Features – score (2/10)
- Trading Results – score (2/10)
- Reliability – score (2/10)
- Pricing – score (3/10)
Conclusion
Forex Trend Detector is a scam. The developers stopped using it on their real EUR account several months ago after a loss-streak. The system is not profitable, and it’s a dangerous trading solution. We’d like you to stay aside from it for your best.
