In this review, we will be focusing on a new Forex trading program called BMM TrendHedge EA. The developer claims that it can bring at least 20% return on investment since it is powered by a unique mechanism known as the ‘split hedge technology’. This ‘unique’ technology is supposed to help BMM Trend Hedge EA quickly adapt to changing market conditions at any time.
This explanation obviously sounds interesting. Therefore, in this BMM Trend Hedge EA review, we will be discussing critical things concerning this new expert advisor.
The company that owns this expert advisor is called BMM Investments, and their domain name can be accessed at Beatmarketmakers.com. Our research reveals that this developer is possibly located in Sweden.
The website provides at least two ways to reach the developer. You can either fill out a short contact form or call them directly.
At this point in time, we are not quite sure why the developer is providing their audience with a Latvian phone number when they claim that they are located in Sweden. This is confusing, and does not make sense at all.
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To this end, we will start off with the main element of this expert advisor — the trade logic. Its trade logic has been coined with the phrase ‘split hedge technology’.
In this technology, the developer works with separate logic modules to trade currency pairs. Each one of the modules only monitors a single direction of the trend.
This means that one strategy of the trade logic will be focusing on the bullish direction while the other on the bearish direction. This process is then followed by a hedging mechanism where the modules will attempt to hedge and balance open trades to keep draw down to the minimal.
Because this is the main trading strategy here, you should make sure that the Forex broker whom you want to open an account with has no issues with those who want to implement this method of trading.
As for this developer, they strongly believe that when they monitor micro-level trends, this software will be able to increase its chances of winning each trade cycle.
If anything, this trading strategy sounds great. The explanation is in-depth and straight to the point. Besides, the developer of the BMM Trend Hedge EA claims that they will back this strategy with 24/7 customer support, a detailed user manual, free updates and a lifetime license that gives you the freedom of using this robot without worrying.
Scrolling down the page, we can see that there are two ways to pay for a license. The developer has put in place two options where traders can either opt for a monthly payment of $49.95 or a lifetime license costing $495.95.
The developer claims that for BMM Trend Hedge EA to work efficiently, you must be ready to fund a Micro account with not less than $500. ECN accounts require a minimum of $1,500.
This robot currently trades GBPUSD, EURUSD, AUDUSD and USDCHF currency pairs.
In terms of pricing, we could say that the lifetime license is still expensive. Why would you buy an expert advisor for $500 when you can get one with a lifetime license for less than $300? It doesn’t make sense.
However, the monthly payment model seems to be targeted at those who want to test the software to see whether or not they will like it.
This developer has also put a 30-day money back guarantee in place. This is a good thing. However, since they are new in this industry, there is no guarantee that you will get your money back if you ever submitted such a request.
There are currently two Myfxbook and 2 FXblue accounts which track the performance of this software. The first myfxbook account has been active since September and is currently showing a modest gain of 6%. On the other hand, the DD for this already at 23%. We don’t think this is a good sign.
Why? Because this account has been tracking the trading behavior of this robot for close to 2 months now, yet draw down seems to have already crossed the red line.This could potentially mean that we are dealing with a trading robot that is prone to high draw down (if this account is anything to go by).
On the other hand, the second Myfxbook account has been running since April. Currently, overall gains stand at +312%. The problem with this account is that it cannot be trusted. This is because its track record and trading privileges have not been verified… something which the developer ought to have attended to long time ago.
It is rather strange to find out that this developer has two myfxbook account yet only one of them is verified. The other one is not. We are not sure why they haven’t done so.
With regards to their two FXblue accounts, we can say that results are totally different from the ones we are seeing on their myfxbook account.
In this FXblue account, the equity curve seems to be climbing with strong momentum, giving the impression that BMM Trend Hedge EA has been doing well in the last few months.
According to that FXBlue account, monthly growth is +11%. On the other hand, the second account shows a monthly growth of +13%. However, the developer admits that the second FXblue account is a demo account.
With regards to their unverified Myfxbook account, we could perhaps assume that the maker of BMM Trend Hedge EA was hiding something.
At this point in time, there seems to be no user testimonials on this product. However, we checked the website of the vendor and saw some quotations here and there in which one client claimed that BMM Trend Hedge EA had already brought them 30% return on investment.
There are a couple of ”testimonials” on the site. You can see anonymous individuals claiming that BMM Trend Hedge EA is an amazing trading system, and that it sometimes makes 100% return on your investments in just one month.
Of course it is not possible to verify these testimonials. The developer could have easily edited his own testimonials to help in the promotion of this software. Simply put, don’t trust these customer quotations blindly.
Although BMM Trend Hedge EA is an interesting concept, given that it uses the so-called split hedge technology to hedge trades in the Forex market, there seems to be something weird with their past performance.
The issue is that their myfxbook book has not been verified. On top of that, we can’t find any real user feedback anywhere on the internet concerning this product.
It is extremely difficult to trust systems that don’t have real people using them yet. So hopefully, we will be forced to update this review at a later date when these user testimonials will have resurface online. For now, you can just use these expert advisors and trading programs. They have been vetted by us and carefully studied. We ran a few tests on the mentioned expert advisors and so far, we can say they are the best tools to use for your Forex trading.
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