Forex Trend Hunter is a fully-automated Forex trading system that is compatible with the MT4 trading platform. The vendor claims this is the best Forex robot for long-term profits. According to them, it earns hundreds of pips for each trade. Of course, many vendors make false claims about their trading systems, which is why we need to independently analyze the system at our end.
Forex Trend Hunter is currently available for the price of $34. The original price is $69, the vendor is offering the robot at a discount till 30th November 2021. By purchasing the robot, you get access to 1 real and 2 demo accounts. You also get lifetime updates and 24/7 support. The vendor provides a 60-day money-back guarantee for this robot.
Forex Trend Hunter trading strategy
Forex Trend Hunter works on all MT4 brokers. For the robot to work properly, you must need a stable network connection. You need to make sure the EA is always connected to the broker. The computer must remain active 24 hours a day from Monday to Friday.
To get started, you must make a minimum deposit of $500. The vendor recommends testing the performance using a demo account before investing real money. You can start the test using $5000- $10,000 in virtual money for a few weeks.
This EA is compatible with Windows and MAC operating systems. The MAC works with Linux and other uncommon operating systems as well. You can use the robot to trade in pairs like USD/JPY, USD/CAD, GBP/JPY, EUR/JPY, and EUR/USD.
Unfortunately, the vendor has not properly explained the trading strategy behind this system. However, from the name itself, we can deduce that it uses a trend trading strategy. There are different ways to trade the trend, so the vendor should have provided a clear explanation for the customers’ convenience.
Forex Trend Hunter features
Forex Trend Hunter has an advanced recovery system and the vendor claims that this allows the system to generate profits even when the market conditions are unfavorable. Since they haven’t provided a proper explanation for this feature, we don’t know how effective it is.
There is a money management feature for this EA, which results in the automatic calculation of trading lots depending on the account balance. The broker protection feature shields you against the stop-hunting techniques of unscrupulous brokers. Although the vendor claims this customizable EA, we don’t know what the customizable features are.
Forex Trend Hunter backtesting results
For this backtest, the EA conducted 1331 trades using an initial deposit of $10,000. From 2010 to 2021, it made a profit of $19992.52. The win rate for the test was 59.05% and the profit factor was 1.72. We can see that the relative drawdown was a bit high at 25.47%. There were 8 maximum consecutive wins and 3 maximum consecutive losses for this backtest.
Forex Trend Hunter live trading results
This live trading account on Myfxbook was launched on July 23, 2021. To date, it has conducted only 147 trades, which means the trading history is quite short. The current win rate for this account is 56%, which is only slightly lower relative to the backtests. Currently, the average daily and monthly gains are 0.10% and 3.04% respectively, and the drawdown is 19.53%. The total profit currently stands at $689.18 and the profit factor is 1.54.
Here you can see the recent trades placed by Forex Trend Hunter through this live account. It is obvious that the robot is following a risky trading strategy, as we can see several consecutive losses. As such, we can say that this is not a safe trading system.
Forex Trend Hunter reputation
There is not much information available on Automated Forex Tools, the parent company behind Forex Trend Hunter. We don’t know when this company was founded or whether the development team has the required experience to build automated systems.
At this moment, we don’t have any user reviews for this Forex EA. Due to its short trading history, not many people are confident about using it for live trading.
Forex Trend Hunter review summary
- Strategy – 2/10
- Functionality & Features – 3/10
- Trading Results – 2/10
- Reliability –2/10
- Pricing – 4/10
It is abundantly clear that Forex Trend Hunter has zero reputation in the Forex trading community. Its live performance is not up to the mark and we don’t exactly know what type of strategy it follows. Therefore, you should avoid this system at all costs.
