FX Hunter Wealth was introduced as the service that insists that “Victory is Possible for Everyone.” The service is based on signal-providing. The presentation lacks various required information to make a smart decision about buying the signals.
Detailed Forex Robot Review
There’s Dave FX Hunter, who created this service. It works as a fund manager and trades on PAMM-accounts providing profits and taking his commission.
There are many features that were systemized in the next list:
- The signal frequency is 15 signals monthly.
- The signals are for swing trades.
- Take Profit for each signal is set at 100 pips.
- They are delivered with Entry Price, Stop Loss, and Take Profit levels.
- The system provides updates for open trades.
- It works with low risks.
- We can receive advice about Lot Size based on the account balance.
- An average monthly profit expectation is approximately 5%.
- We have to set a 1% risk to the account balance for each trade.
- The system was designed based on following the banks’ moves on the market.
- Dave analyzed previous trading data from banks to fund future trade opportunities.
- The system works with the market at several charts at the same time.
- Dave recommends IC Markets as the best broker house to trade through.
FX Hunter Wealth Strategy Tests
There’s a no-name strategy based on some banks’ past activities. There are no backtest reports provided so we can not check whether the strategy is well-shaped. Absence of backtest reports is a huge disadvantage as we cannot analyze how the system worked on the past data and what results we can achieve with it.
Real Account Trading Results
It’s a real USD account of FX Hunter Wealth Fund on IC Markets. There is a mixed type of trading: manual and automatic. The robot runs on MT4, where it gets technical indicators. The leverage is 1:500. The account has a verified track record. It was created on February 03, 2020. It was funded in $553k and withdrawn on $364k in total. The absolute gain has become +40.09%. An average monthly gain is 2.81%. The maximum drawdown is 10.74%. The account is tracked by 22 investors.
The system trades with big drawdown periods.
The robot closed 2005 deals with -896.5 pips. An average win (60.11 pips) is twice fewer than an average loss (-118.70 pips). The win-rate is 63% for Longs and 68% for Shorts. An average trade length is almost a day. The Profit Factor is 1.25.
It works with all available in the terminal financial instruments.
The robot focuses on trading during the European trading hours.
The most-traded day is Thursday – 557 deals.
The account is run with acceptable risks to the account balance. There’s a 2.86% chance of losing 10% of the account.
As we can see from trading results, the system uses aggressive Martingale.
This year has started with a profitable January.
- To get signals, we have to write Dev in Telegram and tell him what price we chose. (?) It’s awkward because the offer must look like the offer – press the proceed button to pay. Contacting the vendor for asking for paying is out of place.
- There’s a high-risk FX Hunter connected to MQL5.
- We can buy signals from it for $50.
There’s a profile on Forex Peace Army with 57 reviews and a 4.912 rate in total.
There are many positive comments from clients, but we can’t check if they are real.
FX Hunter Wealth is a service based on signal providing and PAMM management.
The presentation lacks much information, especially backtest reports, to be sure that Dave designed and owns the robot that generates signals.
Trading results are far from being great, especially if we talk about the absolute gain and consistent and deep drawdowns. Pricing is awkward. There’s no package which features we can discuss.