WrenFX EA Review

WrenFX EA

WrenFX EA is a trading solution that works on the account for several months and couldn’t trade during various market conditions. The developers claimed that there’s an “Artificial Intelligence-powered Forex Expert Advisor. Customized and versatile platform that enhances your Forex Trading experience.” It’s hard to believe that it’s an AI-based trading solution. 

WrenFX EA at a glance

There’s some intel systemized in the table. 

Price$299, $399, and $499
Trading PlatformsMT4
Currency PairsEURUSD, USDCHF, EURCHF, and USDJPY
StrategyN/A
TimeframeH1
Recommended Deposit$200
Recommended Leverage1:500
Money ManagementYes

WrenFX EA functionality

There were several blocks published about the system’s functionality. 

WrenFX EA features
WrenFX EA features
WrenFX EA features

The key features of this ATS are as follows:

  • The advisor knows how to trade fully automatically for us. 
  • The system calculates Entry Point, Stop Loss, and Take Profit levels for us automatically and applies them. 
  • We can trade without any previous experience.
  • The minimum balance is $200. 
  • The system can be applied to charts within five minutes. 
  • It works with various accounts ECN, NDD, Standard, Micro, and Mini. 
  • The system “performs different activities based on preset rules to manage all the assigned tasks right from sending orders, adjusting stop losses and finding profit levels.”
  • It knows how to decrease drawdowns on open orders. 
  • The developers provide welcome and reliable support. 
  • The cross pairs to work with are EURUSD, USDCHF, EURCHF, and USDJPY.
  • The devs didn’t disclose details about the strategies behind the system. 
  • The robot doesn’t run risky strategies like Scalping, Grid, Martingale, and Hedging. 
  • The robot executes orders on the common H1 time frame. 
WrenFX EA 3 pricing plans
WrenFX EA 3 pricing plans

There are three packages available: Basic, Pro, and Enterprise. The Basic pack costs $299. There are two real accounts, an 18-month license, free updates, and support. The Pro package can be bought for $399. It has a 24-month license for three accounts. The Enterprise pack costs $499. We have 4 lifetime licenses, free updates, and support. There’s no refund policy mentioned. 

WrenFX EA trading strategy tests

WrenFX EA backtest report for USDJPY pair
WrenFX EA backtest report for USDJPY pair

The developers shared with us a USDJPY backtest on the H1 time frame on the three-year data. The modeling quality was 90.00%. The spreads were set at 20 pips. An initial deposit was standardized – $1000. The total net profit has amounted to $64,415. The profit factor was 9.14. The maximum drawdown was 20.74%, $12,252. There were 210 orders traded. The win rate was 91% for shorts and 95% for longs. 

What about WrenFX EA live trading results

WrenFX EA real trading results
WrenFX EA real trading results

The advisor executes orders on a real account on CryptoRocket automatically. The broker doesn’t look like a common pick for many traders. The leverage is 1:500. The account has a verified track record. The account was created on May 13, 2021, and deposited at $5,000. Since then, the absolute gain has amounted to 61.06%. An average monthly gain is 21.18%. The maximum drawdown is 42.93%. It’s risky to allow this advisor to work on our account. 

WrenFX EA trading results
WrenFX EA trading results

The robot executed 36 orders with 329.4 pips. An average profit is 20.26 pips when an average loss is -24.19 pips. The accuracy rate is 70% for longs and 78% for shorts. An average trade length is three days. The profit factor is 2.17.

WrenFX EA trading EURCHF, EURUSD, USDCHF, and USDJPY
WrenFX EA trading EURCHF, EURUSD, USDCHF, and USDJPY

It trades EURUSD, USDCHF, EURCHF, and USDJPY. USDJPY with $1179 and EURUSD with $1254 are the most profitable cross pairs. 

WrenFX EA hourly activities
WrenFX EA hourly activities

The system trades Asians and European trading sessions. 

WrenFX EA daily activities
WrenFX EA daily activities

Wednesday and Friday are the most traded days. 

WrenFX EA trading risks
WrenFX EA trading risks

The advisor works with huge risks to the balance. Two lost deals trigger the account to lose 10% of the balance. 

WrenFX EA open orders
WrenFX EA open orders

If the system closes them, the account will lose 26%. 

Table with closed orders by WrenFX EA
Table with closed orders by WrenFX EA

The system works with various Lot Sizes. It increases risks. 

WrenFX EA monthly profitability charts
WrenFX EA monthly profitability charts

The system closed the first three months with profits. 

We would like to note

WrenFX EA page on Forex Peace Army
WrenFX EA page on Forex Peace Army

WrenFX runs a page on Forex Peace Army. The developers connected real account trading results to it. Alas, we have no feedback from clients published. It won’t let us know how the system works on people’s accounts. 

WrenFX EA review summary

WrenFX EA
1 5 0 1
WrenFX is a trading solution that was published several months ago. Trading results showed that the robot runs the account executing high-risk trading with huge drawdowns. We’d not like to allow the robot to work on our account even for free.
WrenFX is a trading solution that was published several months ago. Trading results showed that the robot runs the account executing high-risk trading with huge drawdowns. We’d not like to allow the robot to work on our account even for free.
1/5
Total Score
  • Functionality
    1/5 Awfully
    We know little about the system.
  • Trading strategy
    1/5 Awfully
    The developers avoided explaining strategies.
  • Live results
    3/5 Neutral
    The robot is a young trading solution.
  • Customer support
    1/5 Awfully
    We don’t know about support quality.
  • User reviews
    1/5 Awfully
    There are no reviews published.

The Good

  • Backtest reports provided
  • Real-account trading results published

The Bad

  • No details explained
  • Time-limited offers
  • No refunds
  • No people’s testimonials published on Forex Peace Army
Total
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