FXHT Daily Trend EA is a trading robot whose manufacturer says it may assist traders in generating substantial profits while posing a minimal risk. For $190, you can buy it, or you can open a 10$ Cent trading account and trade it.
However, the merchant does not offer a money-back guarantee, which can be a deterrent for buyers. Also, other details like the company’s location, professional history, reputation (including any awards or recognition), trading experience (if any), etc., are not available either.
Here, we examine the EA’s characteristics and examine whether the vendor’s claims are real.
FxHT Daily Trend EA Trading strategy
According to the vendor, Stop Loss and Take Profit are the primary methods used by FxHT Daily Trend while scalping intraday. It does not, however, employ hedging, martingale, or grid trading strategies. The developer also says the bot trades the EURUSD currency pair is optimized on a one-minute timeframe. The manufacturer advises using a fixed lot. In addition, leverage of at least 1:3 is required.
FxHT Daily Trend EA features
- Uses no hedging, martingale, or grid strategy
- Designed specifically for the EURUSD pair
- It performs best on a one-minute timeframe
- The minimum lot size required is 0.01
- The system is able to facilitate FX trading five days a week
- It is compatible with ECN brokers
FxHT Daily Trend EA backtesting results
There is no backtesting data provided by the vendor. This makes evaluating the robot’s efficiency challenging. It also raises suspicion regarding its ability.
FxHT Daily Trend EA live trading results
A $10,000 investment in the FxHT Daily Trend EA on May 17th, 2022, yielded a profit of $304 as of June 2022, according to Myfxbook trading data. Over the course of a month, this translates into a 3.05% profit. In other words, this shows that EA can make a profit for its customers. However, given its young age, it’s unclear if it will be able to sustain this level of performance over time. In addition, the drawdown is 0.74%.
FxHT Daily Trend EA reputation
There are no trustworthy user reviews of FxHT Daily Trend on TrustPilot or any other reputable review platform. Hence, it is impossible to adequately evaluate such aspects as its performance and customer service. The fact that you can only get in touch with the vendor via an online form also doesn’t help. Moreover, the devs do not provide any information on the company registration or their own track record.
FxHT Daily Trend EA review summary
The FxHT Daily Trend EA may need some time to gain traction in the market as a new EA. But thus far, the vendor claims that the robot is capable of bringing in some marginal gains. The company’s ability to earn profits on a constant basis will be determined by its long-term performance. In addition, the lack of transparency about who actually owns the robot is also a matter of concern.
- Strategy – score (6/10)
- Functionality & Features – score (3/10)
- Trading Results – score (5/10)
- Reliability – score (2/10)
- Pricing – score (5/10)
