FxHT Daily Trend EA is one of the newest systems developed by the FXHT Company. It is fully automated and operates 24/5. The grid, martingale, or hedging strategies are not used. This review will highlight the bot’s characteristics and performance to determine if it is a viable option.
Detailed Forex robot review
The characteristics of the system are listed here:
- It can work with any broker and any account type
- The minimum recommended deposit is $1000, or $10 for a cent account
- The minimum leverage is 1:30, whereas the minimum lot size is 0.01
- Any high-volatility pair can be used in trading
As earlier mentioned, this robot was authored by the FXHT Company. Its other systems include Holland Trader EA, ProHT Trend EA, Rotterdam EA, and more.
The company’s background details, such as founding year, location, physical address, team of developers, etc., are unknown.
FxHT Daily Trend EA strategy tests
Info on the EA’s trading strategy is not divulged. We would like to know how the system searches for trading opportunities and what market conditions trigger it to execute deals.
A detailed backtest report for this robot is missing on the official website. The outcomes of this test could have helped us predict the long term performance of the EA.
Live account trading results
We have the live trading stats of the EA on Myfxbook. Let’s take a look at them below:
This real USD account was deployed in December 2020. To date, a profit of $8,588.37 has been produced from a deposit of $11,050. This is tantamount to an absolute gain of 77.72%. The daily and monthly profits currently stand at 0.08% and 2.36%, respectively. A small drawdown of 0.49% has been generated. It tells us that the trading activities are low-risk.
The EA trades occasionally. It has only completed 18 trades despite working in a live account for almost 2 years. All the short positions have brought in profits, which translates to 100% win rate. The long positions have attained a win rate of 87%, which is also good. There are 166.1 pips won and zero commissions paid. A profit factor of 5174.72 is reported.
The monthly performance of the EA declined significantly, reaching an all time low in April 2021. We don’t have data for the rest of the 2021 trading period, which is suspicious.
The above stats confirm that the robot trades with low risks to the balance.
The purchase price of FxHT Daily Trend EA is $190. This pricing is fair as it is neither too high nor too low. The average trader can afford it. Sadly, a refund policy is not there. The vendor also fails to mention what features are included in the product. So, traders might not know what they are buying.
Customers have not commented on this robot’s features or performance as of now. Therefore, we cannot determine its workability on traders’ accounts.