FX Hunter Wealth provides PAMM services and signals delivery. The developer tries to convince us that “Victory is Possible for Everyone.” Alas, trading results show the opposite. The presentation lacks intel that can be clear and understandable by everyone.
The vendor changed his scam-like offer to the next one. Now, the monthly subscription costs 49 EUR. The quarterly subscription costs 129 EUR. The half-a-year subscription costs 229 EUR. The annual subscription costs 399 EUR.
FX Hunter Wealth Strategy
- The robot is designed based on what banks did in the past several years periods on the Forex market, according to the received data.
- There’s data received by a regulator from banks’ open positions.
- This data was processed and analyzed. As a result, it turned into a strategy.
FX Hunter Wealth Features
There are not so many features introduced:
- We can expect to receive up to 15 signals weekly.
- The signals are for swing trades.
- They have Take Profit levels set at 100 pips.
- They have the same format: Symbol, Direction, Trigger, Entry Price, Stop Loss, and Take Profit levels.
- If a deal is needed to be updated, we receive instructions.
- The system supports only low-risk trading.
- The developer provides money-management advice if we need them.
- We can expect to get up to 5% of the monthly profit.
- The system works with a 1% risk to the account balance by default.
- There’s a suggested broker – IC Markets. This company is good at trading with low spreads.
FX Hunter Wealth Backtesting Results
The presentation doesn’t include test reports. It’s a solid con because we don’t know if this weird strategy was well-shaped before it went live.
FX Hunter Wealth Trading Results
The system runs the real USD account on IC Markets automatically. It uses technical indicators data to spot trading opportunities. The leverage is 1:500. The account has a verified track record and verified trading privileges. It was created on February 03, 2020, deposited at $575,782.21, and withdrawn at $403,175.99. We have no proof of Dave’s trading experience before 2020. The absolute gain is 25.97%. An average monthly gain is only 1.66%. The maximum drawdown is 12.15%.
The robot closed 2705 deals with -3324.5 pips. An average win is 51.98 pips when an average loss is -104.73 pips. The win-rate is 63% for Longs and 68% for Shorts. An average trade length is one day. The Profit Factor is 1.16.
There’s a wall of symbols the system tried to trade. As we can see, many of them have brought only losses. It’s a solid con because the system doesn’t focus on trading 1-12 symbols, trying to figure out how to work with them better and better.
The main trading hours are European and American ones.
Thursday is the most frequently traded day – 680 deals.
The system runs with medium risks to the account balance. There’s a 17.58% chance to lose 10% of the account (42 deals in a row).
Trading results are hidden. It’s a huge con because we have no idea what’s going on, but according to the growth chart, there should be Grid and Martingale strategies.
March 2021 has been closed with outstanding losses. So far, there were no deals traded in April 2021.
FX Hunter Wealth Reputation
We’ve got David. Who needs to sell signals to have an income because he can’t live for losses he makes.
Forex Peace Army knows about the company. There are 58 reviews and a 4.7 rate based on that feedback.
This person struggled for over a year to recover after a loss that happened in March 2020.
Many orders are placed against very strong trends.
FX Hunter Wealth Review Summary
- Strategy – score (2/10)
- Functionality & Features – score (2/10)
- Trading Results – score (2/10)
- Reliability – score (2/10)
- Pricing – score (4/10)
Conclusion
FX Hunter Wealth is a scam company. Trading results showed that Dev has no idea of what’s going on in the market. If he bought a robot on Forex Store, it would have much better results. We’re sure that a professional analyst shouldn’t trade randomly. We’d like you to stay aside from this service.
