The Forex Trend Hunter is described as an MT4-compatible automated trading system designed to follow trends. It is also described as a long term profitable trading robot that anyone can use. The developer believes that this software is suitable for ordinary and professional traders alike.
The Forex Trend Hunter was designed to net several hundreds of pips per transaction. This explanation could possibly mean that this robot is a long-term approach trading system that looks for trends which are likely to last a long time.
On the same note, the developer is giving traders some re-assurance that this robot is not like any other scalper that is dependent on broker trading conditions. In fact, they have made it clear that traders who are tired of losing money to scalpers that blow up accounts due to high spread trading conditions should definitely consider using the Forex Trend Hunter for a change.
Although these statement are encouraging, it is not always the case that developers really mean what they say. You see, the Forex robot industry is a huge market. For you to beat competition, you must tell prospective customers that you have the best Forex robot in the world. You must convince them at whatever cost it will take.
Therefore, in this review, we will be analyzing the different elements of this robot to determine whether or not it’s worth a penny.
It is important to note that the Forex Trend Hunter robot was designed by the same developer who created the Forex Pulse Detector.
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This developer, Automated Forex Tools, has created several trading systems in the past. The Forex Trend Hunter is just among the many robots which they are selling in the market place right now.
Since they have been around for a while, we would assume that they have a little bit of experience creating these products. It would be easy to think that since they have a couple of products that trade the Forex market, their latest robots will feature the latest innovative trading technology being used in the marketplace right now. Unfortunately, that is not always the case.
It can be misleading to trust a vendor simply because they have their names on the logos of most products in a marketplace.
Although Automated Forex Tools has created and sold a couple of products, we were not able to verify their claims that Forex Pulse Detector was a reliable expert advisor. Probably this one will be different. Who knows?
Like most expert advisors in the marketplace, the Forex Trend Hunter is very promising in terms of features.
The vendor says that they have integrated an advanced money management system to control your losses. They’ve also built a loss recovery system which they never bothered to elaborate on.
The broker protection feature is supposed to make it harder or even impossible for brokers to cheat you.
And finally, the vendor says that the Forex Trend Hunter is an expert advisor that was built with long term trading in mind. They claim that it has a good history with currency pairs like EURUSD, EURJPY and GBPJPY. We’d certainly love to see these results to prove for ourselves.
One of the major highlights of this expert advisor is that traders will be making up to 300 pips per transaction. But on the other hand, this vendor mentions on their product features section that the Forex Trend Hunter has consistently demonstrated the ability to make 25 pips per transaction, and that this is the average number of pips that users should expect from trades.
These two statements are very contradicting. Probably this vendor needs to provide more clarity on this matter to avoid confusion later on. The most important thing here is communication. If they can’t tell us the average number of pips to be expected from this software, then how sure can we be that this vendor is accurately representing this trading software?
The vendor has also provided a screenshot showing this robot in action. This screenshot is basically a trade history showing how this robot performed in in the months of August and September 2017.
But there is nothing else to verify these results. It is just a screenshot and nothing more. Perhaps this vendor would have done a good job presenting their history of trades in such a way that those trades can be verified. In this case, we do not even know whether or not those trades were taken by the Forex Trend Hunter. It is difficult to believe that those pips were netted by this expert advisor.
After looking at how colorful the features of this software are, it is only sensible to begin asking the hard questions like ”how has it performed since it was launched?” ”Can we see a live, verified myfxbook account to get a clue of what maximum draw down can look like?” And finally, how much has it gained ever since the vendor started testing it?
With such questions to ask, we can get answers that will lead to determining whether or not this expert advisor is worth recommending.
We have to admit that this vendor has done a poor job at presenting this critical information. There is a section of the homepage that says ”Forex Trend Hunter Live Performance’. The results which have been presented here are for a demo account. The vendor says that this demo account was approved by myfxbook. Again, we could not click our way back to the exact myfxbook page where the account is being hosted at.
What this means is that the vendor has not provided a link that can lead visitors of this website to their myfxbook account. And there is only one logical explanation for this. This developer does not maintain any myfxbook account. These trading results are possibly not for this particular Forex robot.
The bottom line is that traders don’t have a way of verifying the truthfulness of the trading results presented here. Generally, third party verification of results is usually considered the only way to prove whether a trading system is capable of making money or not. In this case, Forex Trend Hunter does not have one.
The only thing that we are aware of is that the Forex Trend Hunter is a robot that follows trends. The developer is extremely economical with explanations as to how it identifies and enters trends. We would have appreciated this information if it was provided.
For our conclusion, we would say that this trading system is presented in such a manner that a potential subscriber would never know whether or not to purchase it.
The biggest issue here is how the trading results have been presented. This vendor has not followed the standard procedure of presenting and verifying alleged performance.
We find it suspicious that a vendor who has been around for some time is not even bothered by the fact that customers would only love to make decisions based on their myfxbook or FXblue account performance.
The truth is that no trader can trust Forex Trend Hunter until these results are available for scrutiny. For a list of trading products with proven performance, look here.
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