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Hi-Tech Trader Review: Is this a Scam?

Hi-Tech Trader Review: Is this a Scam?

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Hi-techtrader.org is marketing a trading system which they claim to be a perfectly automated algorithmic trading system. They want the Forex trading community to believe that Hi-Tech Trader is a new Forex EA and a “perfectly automated algorithmic trading system.” that will help traders generate stable profit and avoid high risk losses that other trading systems frequently fall victim to. Today we will be providing you with a full review and analysis, so you can make a thorough decision on whether or not you would like to purchase the software.

HI-TECH-TRADER

The creators of the software launched it on March 15th, 2018, so it’s been on the market for well over a year now. Despite being available for quite some time, the product has yet to show us popularity, or break into the mainstream of the Forex robot marketplace. There is no information provided about the location, or the identity of the development team. There is a map at the bottom of their website, but it isn’t working properly, and looks to be broken. This certainly should be removed from the website, and is making the vendor look quite unprofessional.

In order to get in touch with support, traders can email [email protected] Anyone who wants to reach out to this group can use this email to do so because there we understand that from time to time, new traders wanting to invest in automated trading systems will want to contact a vendor before they can actually spend money on the supposed trading solution. Having said this, we are still recommending some of the very best trading solutions in the industry. If you are looking to start a part or full time career in trading, these trading solutions can be a game changer in your life.

Hi-Tech Trader Review

It’s apparent that the Hi-Tech Trader website is poorly designed. It looks like the vendor took a wordpress theme, and tried to redesign it to fit their needs but failed miserably. The main images on the website really make no sense, and don’t convey the message of what they are trying to sell. There are images of a man installing an electrical outlet, a skate park and then Apple watch. None of these images should be used by the developer, and it’s our opinion that this poor design attacks their credibility.

The vendor needs to be held responsible for all aspects, and with this website looking as bad as it does, you have to question the vendor. If this is a reflection of the product or the services, then you know it won’t be one of the best Forex robots available.

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Trading Strategy being used in this EA

The vendor provides no detailed information about the Hi-Tech Trader strategy. They mention multiple times that it uses some sort of algorithmic approach and focuses on low risk trading strategies, but there is never any detail. They should definitely consider providing more information about their methodologies, because as it stands it’s very difficult to recommend the product.

In terms of trading strategy, they claim they want traders to know the following: This is a product of years of research in to developing a perfect trading strategy that is safe, robust and profitable at the same time. The trading logic is vaguely discussed using the following statement: Hi-Tech Trader price swings between Support/Resistances + Indicator analysis + individual mathematical calculations every day.

They claim that Hi-Tech Trader has a really unique trade algorithm and that without the fixed TP AND SL as they do not believe that stops should be dynamic in nature. The adviser itself is allegedly designed to decide when to close and open transactions. Analyzing the market every day, each hour. They close this statement by letting the community to know that by purchasing and using our Forex robots, they are getting, not only just a working product, but a complete service which includes the most important things such as 24/5 support, guarantee, free updates and last, but not least, a transparent and clear price policy.

Robot analysis

The time frame and trading strategies have not been disclosed by this vendor. The vendor is specifically selling this robot as a trading tool for the pair EURUSD. There are three Hi-Tech Trader plans available. The starter plan costs $97and provides traders with one real license, and one demo license. The professional plan costs $112 and providers traders with two real licenses and two demo licenses. The Advanced plan costs $129 and provides traders with three real licenses and three demo licenses. With the pricing structure being this quite similar, it’s definitely enticing to purchase multiple licenses once. Yet, at this point, we don’t believe that the best course of action.

Client Feedback about Hi-Tech Trader EA

At this is not very popular system, we have only seen a single customer review. This review was from a client who seems quite unhappy with the customer service.

Trading results for the EA

The vendor provides a single Hi-Tech Trader FX Blue trading account. We prefer Myfxbook, as it is the more reliable of the two options, but we will still provide our analysis of the account.

The account is showing an 883% gain over 501 days. During this time the product has accumulated over 3600 pips, with approximately 1 trade every 3 days. The average trade length is 7 days, and the risk reward ratio is 1:2. Most wins are around +240, and most losses, -649. These numbers are all pretty impressive across the board, but we would definitely like to see them on Myfxbook, as the numbers on FX blue are frequently less reliable. We would certainly trust the vendor much more if they were Myfxbook verified.

Our best advice for you

It’s really difficult to say what to do when dealing with the Hi-Tech Trader EA. The majority of the presentation is poorly put together, and makes us want to entirely ignored the impressive trading results they provide. At this point, we really need to see actual traders utilizing the software, and putting their results up on Myfxbook. In the meantime, consider these solutions.

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