Forex Trend Detector Review

Forex Trend Detector

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:

Price$227
Trading PlatformsMT4 and MT5
Currency PairsEURUSD, Gold, Silver
StrategyGrid and Trend
TimeframeM5
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes

Forex Trend Detector Functionality

The presentation was changed a bit and became shorter:

Forex Trend Detector features
  • 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. 
Summer offer

There’s a $70 discount that longs for 20 hours, but frankly, it never ends. 

Forex Trend Detector pricing

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. 

Forex Trend Detector features

The developers provide access to the member area. The system will receive updates and upgrades. 

Forex Trend Detector Trading Strategy Tests

Strategy tester report

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

Trading Results Chart

It’s how their previous account ended. 

Trading Results Chart

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%.

Trading Results

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.

Currency pairs

The robot works in three pairs. The most-traded is EURUSD with 95 orders. The most profitable was Gold -$520.50. 

Traded hours

The system trades during the beginning of the American session. 

Low risks

It works with low risks to the account balance. 

Drawdowns

We may note the orders that are sitting in drawdowns on the market. 

Trading history

The system executes a Grid of orders strategy. 

Monthly gain

The robot’s profitability is still unpredictable. 

We Would Like to Note

Profile on Forex Peace Army

Forex Trend Detector has a profile on Forex Peace Army with an old account connected. Oddly, butt the new account isn’t connected. 

User reviews

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 Summary

Forex Trend Detector
2 10 0 1
Forex Trend Detector has received an update that allows the system to be profitable. The robot closed two months in big profits when the other two months got almost nothing. It means that the system doesn’t work quite well after updates.
Forex Trend Detector has received an update that allows the system to be profitable. The robot closed two months in big profits when the other two months got almost nothing. It means that the system doesn’t work quite well after updates.
2/10
Total Score
  • Functionality
    3/10 Bad
    It trades automatically and has some good features.
  • Trading strategy
    2/10 Very bad
    It uses Trend and a Grid of orders strategies.
  • Live results
    2/10 Very bad
    The results are unpredictable.
  • Customer support
    4/10 Passably
    Their customer support is good.
  • User reviews
    1/10 Awfully
    We have no feedback from people.

The Good

  • Well-known design company
  • The robot exists for six years
  • A 60-day refund policy

The Bad

  • No risk advice given
  • Weird monthly trading results
  • A grid of orders behind the robot
  • No people testimonials provided
Total
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