Forex Trend Hunter is an expert advisor that claims to make profits even during unfavorable market conditions. It is an automated trading system that works on the MT4 trading platform. The vendor claims that the system is suitable for both beginners and professional traders.
The parent company behind this robot is known as Automated Forex Tools. It has a team of experienced developers and traders, some of whom have been analyzing the market for 12 years. Now, we don’t know anything about the company’s history and the vendor has chosen not to reveal the identities of the team members. Other systems built by this team include Forex Profit Defender, Forex Trade Cleaner, Forex Impulse Trader, Dynamic Pro Scalper, and Forex Pulse Detector.
Forex Trend Hunter robot review
Although there are hundreds of Forex trading systems available on the market today, not all of them are reliable. Many of them are scam services trying to dupe customers by making unrealistic promises. As such, before investing in a trading system, we ought to analyze it thoroughly to determine whether it is truly profitable or not. Thus, it becomes necessary to conduct this review.
Forex Trend Hunter is a robot that can trade in multiple currency pairs. It is compatible with different operating systems and works with different brokers. We don’t know when exactly this system was launched on the Forex market.
What is behind Forex Trend Hunter?
To get started with this EA, you need a stable internet connection and a computer with minimal hardware configuration. After downloading the software program, you need to install it on the MT4 trading platform. The vendor provides every customer with a detailed user guide containing installation instructions. Once you purchase the robot, you are eligible for all future updates.
Forex Trend Hunter is compatible with Windows and MAC operating systems. You can download the different versions of the EA from the member area.
Forex Trend Hunter is compatible with pairs like EURUSD, EURJPY, GBPJPY, USDCAD, and USDJPY. It has an advanced recovery system, but the vendor has not provided any explanation for it, so we don’t know how effective it is. You can sign up with any broker while working with this EA, including those that are based in the US. The robot has a broker protection feature that protects you against deceptive techniques used by unscrupulous brokers.
Forex Trend Hunter uses a trend-following strategy. The vendor has not mentioned what indicators it uses for analyzing the trend. There is no proper explanation for the trading strategy, and this is not a sign of a reliable trading system.
Between 2010 and 2021, the EA placed 1331 trades for this backtest conducted on the EUR/USD pair. It had a win rate of 59.05% and generated a total profit of $19992.52. The win rate was not too high compared to other systems and the drawdown was a bit too much at 25.47%.
Forex Trend Hunter is currently available at the price of $34. By purchasing the robot, you get access to 1 real and 2 demo accounts. The vendor provides lifetime updates and a 60-day money-back guarantee.
Trading performance of Forex Trend Hunter
Compared to the backtest, the win rate for this live account is even lower at 56%. It was launched on July 23, 2021, which means the robot has not been exposed to different market conditions. The daily and monthly win rates for this account are 0.10% and 2.94%, respectively.
The robot clearly follows a risky strategy, as we can see multiple back-to-back losses for November and October. Thus, we cannot consider it a reliable system.
The customer support team remains active 24/7. However, you cannot chat with them through the website. You can write to them using the official email address or the contact form on the website.
Since there are no reviews for this EA on websites like MQL5, Myfxbook, Quora, Trustpilot, and Forexpeacearmy, we can say that it does not have a stellar reputation.