FXTrends is a copy-trading company that stopped providing signals via email and focuses on a copy-trading service. We’re welcome by the claim that it’s “The Best Forex Copier ever.” There’s even a video recorded to convince us in this.
Detailed Forex Robot Review
Let’s talk about the system features:
- The company works on Forex for over ten years.
- The copy-trading service has made over 100,000 pips.
- We can copy signals from the master account.
- The software runs everything automatically without a need for human interaction.
- Monthly pips expectations are 2000+.
- The expert advisor provides up to 15 trades daily.
- The win-rate is 90%, according to the company’s claim, but this is a lie.
- We can see a guide of how to customize the copy-trading software to start trading.
- The risk range can be set from 0% to 200% compared with the master account.
- The copy-trading software works well on MT4 or MT5.
- The ECN account will be a good option to execute deals quickly.
- The optimal risk is 1% for each deal.
FXTrends Strategy Tests
The developers provided us with no backtest reports. We don’t know if it was tested well before it was released.
Real Account Trading Results
FXTrends works on a real USD on XM. It receives technical indicators data on the MetaTrader 5 platform. The leverage is common – 1:400. The account has a Track Record Verified. It was created on July 30, 2020, deposited at $4263, and withdrawn at $73.86 in total. It seems to us that the deposit was increased three times because the robot requires more margin to support deals. Since then, the absolute gain has grown to +792.34% (free margin is only 117.12%). The monthly gain is 34.04%. The robot experiences huge drawdowns – 41.05%. It’s a disaster for any conservative trading account.
FXTrends has closed 837 deals with 23,024.5 pips. An average win is 64.63 pips when an average loss is -93.91 pips. The win-rate is between 74% and 77%. An average trade length is a day. The Profit Factor is 3.05.
The robot works with all available currency pairs and some Indices in addition.
It mostly works during European trading hours only.
Tuesday (153 deals) and Friday (121 deals) are the less traded days.
The risks are acceptable.
A week ago its trading history was open to the public, but now, it’s hidden.
There are three subscription packages that vary by range. The three-month VIP subscription costs $69.99. It cost $300. The five-month VIP subscription costs $99.99 instead of $700. A copy-trading service costs $150 instead of $420. All of them include 2000+ pips monthly goals, automated trading solution, access to a Forex and Indices signal channel, 8-15 trades daily. The First two packs include VIP personal support. There’s also a Learning Channel and Complete Forex Trading Course.
There are many positive comments on the screenshots that were taken from Facebook.
On the Forex Peace Army website the FXTrends page has two customer reviews.
The last review informs us that the service is a scam because the system doesn’t trade frequently and that support is not welcome.
FXTrends was a signal-providing company. Now, it’s a copy-trading service. The presentation tells us about a few details and settings.
Trading results showed that the robot is sitting in a long-term and deep drawdown that required increasing the account balance three times just to support open orders. Now, this service is dangerous.
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