WrenFX Review

WrenFX Review

WrenFX EA is an expert advisor that has a short trading history. The presentation doesn’t look quite informative. Much information we should guess or predict based on trading results. The main claim is “Artificial Intelligence-powered Forex Expert Advisor. Customized and versatile platform that enhances your Forex Trading experience.”

WrenFX Trading Strategy

  • We don’t know for sure what strategy or strategies the system uses for trading. 
  • The robot doesn’t execute Scalping or Hedging. 
  • It doesn’t use Grid and Martingale.
  • It looks like the advisor opens orders on the H1 time frame. 
  • It works with four cross pairs EURUSD, USDCHF, EURCHF, and USDJPY.
  • The deposit has to be higher than $200. 

WrenFX Features

There are the main claims, and some extra intel explained in addition. 

WrenFX Features
WrenFX Features
  • The system is designed to work automatically on the terminal. 
  • It can calculate Entry Point, Stop Loss, and Take Profit levels. 
  • The robot doesn’t require us to have previous trading experience. 
  • The balance should be at least $200. 
  • We have our balance to be more than $200. 
  • The robot can be set quickly on the terminal. 
  • We can apply it to various account types: ECN, NDD, Standard, Micro, and Mini. 
  • The system “performs different activities based on preset rules to manage all the assigned tasks right from sending orders, adjusting stop losses and finding profit levels.”
  • We can rely on 24/7 support. 
  • We can work on the next pairs EURUSD, USDCHF, EURCHF, and USDJPY.
WrenFX price

The advisor is available in three packs: Basic, Pro, and Enterprise. The Basic pack is the most affordable and costs $299. It is featured by two real accounts, 18-month license, free updates, and support. The Pro package cost $100 higher – $399. It has 24-month licenses for three accounts. The Enterprise package costs $499. There are four lifetime licenses, free updates, and support. Click2Sell is an official reseller. 

WrenFX Backtesting Results

WrenFX Backtesting Results

There’s a USDJPY report on the H1 time frame. The data period was between 2018 and 2021. The modeling quality was 90.00% when spreads were 20 pips. An initial deposit was set to $1000. The total net profit has become $64,415. The profit factor was 9.14. The maximum drawdown was 20.74%. The system has closed 210 orders. The win rate was 91% for Shorts and 95% for Longs. 

WrenFX Live Trading Results

WrenFX Trading Results

The system has been running a real USD account on CryptoRocket automatically. The leverage is 1:500 when the platform is MT4. The account has a verified track record and trading privileges verified. The account was created on May 13, 2021, and funded at $5,000. Since then, the absolute gain has become 48.11%. An average monthly gain is 20.52%. The maximum drawdown is insanely high – 42.93%. We don’t see mentioned cutting out drawdowns. 

WrenFX drawdown

The system sits in drawdowns consistently. 

WrenFX advanced statistics

The robot has traded 28 deals with 254.7 pips. An average profit is 19.37 pips when an average loss is -21.73 pips. The accuracy rate is 66% for longs and 76% for shorts. The Short direction is traded twice more frequently. An average trade length is two days. The profit factor is 2.30.

WrenFX trading results

There are only four pairs to work with: EURUSD, USDCHF, EURCHF, and USDJPY. USDJPY is ahead in trading – 11 orders. 

WrenFX trading results

It looks like it trades equally during the week. 

WrenFX trading results

The robot doesn’t execute orders on Monday. 

WrenFX trading results

The advisor runs the account with significant risks to balance. 

WrenFX trading results

We may note open orders that are going to reach SL or TP levels. 

WrenFX trading results

The robot works with Martingale and trades with high lot size. 

WrenFX monthly gain

The robot has closed two months in a row with solid profits. 

WrenFX Reputation

WrenFX Reputation

WrenFX has a page on Forex Peace Army without any review or rate published. Their real account is connected. Without people’s reviews it would be hard to make the final decision if it is possible to be profitable as we saw on the developers’ account. 

WrenFX Review Summary

  • Strategy – score (3/10)
  • Functionality & Features  – score (4/10)
  • Trading Results – score (5/10)
  • Reliability – score (4/10)
  • Pricing – score (8/10)

Conclusion

WrenFX is a brand-new expert advisor that can make some profits trading with high risk on the real account. The advisor was released just several months ago. So, we can’t be sure that this takes long enough to prove that the system is stable and profitable.

Our Experts


Daniel Michelson

Daniel is a long term investor and position trader in the forex market.

Reva Green

Reva Green is the Senior Editor for website. An experienced media professional, Reva has close to a decade of editorial experience with a background.

Shandor Brenner

Shandor Brenner, an experienced writer at fxaudit.com, brings a wealth of knowledge with over 20 years in the investment field.

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