Forex Trend Detector has received a standardized but updated presentation from FXAutomater. One month ago or so, the devs suggested we buy their other products. The main claim was changed from “The Only EA on The Market Used by Professional Traders and Money Managers” to “Follow The Smart Money Like A Pro.”
Forex Trend Detector At a Glance
We prepared a table with some details for you:
|Trading Platforms||MT4 and MT5|
|Currency Pairs||EURUSD, Gold, Silver|
|Strategy||Grid and Trend|
Forex Trend Detector Functionality
The presentation was changed a bit and became shorter:
- The robot was designed like a fully automated trading solution.
- It knows how to calculate entry points correctly.
- The system has a high risk to reward ratio.
- The robot calculates and sets tight stop loss levels.
- It can work with any slippage and spread levels.
- We have MT4 and MT5 versions of the advisor.
- We can rely on a money-management system.
- There’s a drawdown compensating algorithm and high-spread and high-slippage protection.
- The advisor includes a “state-of-the-art” protection system.
- It uses dynamic trading logic.
- The system has advanced time management.
There’s a $70 discount that longs for 20 hours, but frankly, it never ends.
Forex Trend Detector costs $227 with a $70 discount applied. The package includes a real account license, two demo account licenses, EUR/USD and GBP/USD trading, and a 60-day money-back guarantee.
The developers provide access to the member area. The system will receive updates and upgrades.
Forex Trend Detector Trading Strategy Tests
We have got a EUR/USD backtest on the M5 time frame based on the 10-year data period. The modeling quality was 90.00% with 10 pips spreads. An initial deposit was $5,000. The total net profit has become $405,115. The Profit Factor was 1.72. The maximum drawdown was 4.10%. There were 4097 deals traded with a 70% win rate for Shorts and 67% for Longs.
What About Forex Trend Detector Live Trading Results
It’s how their previous account ended.
Their updated presentation includes an all-new account on IC Markets. The robot works automatically with 1:500 leverage on the MT4 platform. The profile has a verified track record and verified trading privileges. It was created on April 14, 2021, deposited at 2,888 AUD, and withdrawn at 500 AUD. Since then, the absolute gain has become 40.92%. An average monthly gain is 11.83%. The maximum drawdown is 4.52%.
The system has performed 109 deals with 10840 pips. An average win is 152.92 pips when an average loss is -35.09 pips. The win rate is 86% for Longs and 62% for Shorts. An average trade length is two days instead of ten hours. The Profit Factor is 4.32.
The robot works in three pairs. The most-traded is EURUSD with 95 orders. The most profitable was Gold -$520.50.
The system trades during the beginning of the American session.
It works with low risks to the account balance.
We may note the orders that are sitting in drawdowns on the market.
The system executes a Grid of orders strategy.
The robot’s profitability is still unpredictable.
We Would Like to Note
Forex Trend Detector has a profile on Forex Peace Army with an old account connected. Oddly, butt the new account isn’t connected.
These negative testimonials were from the period when the system was a scam. Now, we have no feedback about the new version trading results.
Forex Trend Detector Review SummaryForex Trend Detector
Functionality3/10 BadIt trades automatically and has some good features.
Trading strategy2/10 Very badIt uses Trend and a Grid of orders strategies.
Live results2/10 Very badThe results are unpredictable.
Customer support4/10 PassablyTheir customer support is good.
User reviews1/10 AwfullyWe have no feedback from people.
- Well-known design company
- The robot exists for six years
- A 60-day refund policy
- No risk advice given
- Weird monthly trading results
- A grid of orders behind the robot
- No people testimonials provided