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FxHT Daily Trend EA Review

June 22, 2022 by Forex Winner Leave a Comment

FxHT Daily Trend EA Review

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:

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  • 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. 

FXHT robots

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:

Live trading statistics on Myfxbook.

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.  

Performance of trades.

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. 

Monthly gains for 2021.

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. 

Risk of ruin.

The above stats confirm that the robot trades with low risks to the balance. 

Pricing

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. 

Customer reviews

Customers have not commented on this robot’s features or performance as of now. Therefore, we cannot determine its workability on traders’ accounts. 

Review Summary
It is true that the robot doesn’t engage in high-risk trading, as illustrated by the low drawdown generated in the live market. But we are more concerned about its inactivity. The EA can stay for long periods of time without placing any orders. Worse still, the successful trades bring in small earnings. Therefore, your account may grow at a slow pace or not at all. And again, we would like to emphasize that the company registration data are not transparent.
Disadvantages
Declining monthly performance
No backtest report
Trades are occasionally
Low profitability rate
3

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