ProHT Trend EA comes with multiple settings, which you can optimize to fit your trading preferences. The robot aims at making money for you as you do other things, including sleeping. It is particularly designed to act upon buying and selling on predetermined strategies and actions.
Detailed Forex robot review
The EA has many features, which we have listed below:
- It works on many trading pairs, including the EURUSD, CADCHF, AUDUSD, USDCHF, GBPUSD, EURCAD, and USDCAD currency pairs.
- It comes with free updates and allows you to change settings, but at your own risk.
- The recommended timeframe is H1-H4.
- You can use any leverage from 1:30-1:2000
- The system works with any account type like Standard, ECN, and Cent accounts.
- It conducts trades 24/5.
- It requires that you work with any fast execution broker.
- Customer support is available and provides feedback within 24 hours.
FXHT is the company responsible for designing this EA. Unfortunately, we don’t know the names of the individuals running the organization or the kind of qualifications they have. Their other creations include Holland Trader EA, MultiCurrency EA, Rotterdam EA, and Scalping EA.
ProHT Trend EA strategy tests
As per the vendor, the system’s strategy is based on trend, support/resistance, reverse trend, volumes size, and fake “break out” filters. Unfortunately, no explanation is given about any of these approaches. Some traders might experience challenges trying to figure out how the system really applies the methods and what market conditions determine which one will be used.
The backtest period for this EA is short (March 2021 to March 2022). Therefore, the outcomes generated may not really be reproduced in the live account. Moving forward, the claim is that the robot used a deposit of $10000 to generate an income of $20540458.64. The profitability rate for the 5790 completed trades was 94%. At the time, the drawdown made was 11.92%, indicating that the system didn’t trade riskily. The profit factor was 5.43.
Live account trading results
The live trading period is also too short. As you can see above, the account was opened a few days ago and deposited at $10000. Till now, the produced profit is $791.48, while the total gain realized is 7.91%. The drawdown rate is 5.19%, a sign that the system has engaged in safe trading to this date.
We have 232 completed trades that have a profitability rate of 72%. In general, an order is held for 15 hours and 17 minutes, and the best trade has made a profit of $41.54 for the account. The loss made by the worst trade is much higher at -$56.05.
The above account is yet to face any danger of being wiped out.
Considerable profit amounts have been realized from the EURCAD and EURUSD pairs. Some of the profit targets have been attained as well. The attached SL levels are rather high.
The current retail price of this robot is $120. The devs don’t specify what is included in the package or whether they provide a money-back guarantee or not.
There’s no feedback for this EA on any of the trustworthy sites such as Forex Peace Army, Trustpilot, or Myfxbook.
The EA has a reasonable price tag, and the application of SL and TP levels aims at minimizing losses and optimizing the profits it makes. Unfortunately, the system has a short trading history. So, it needs to trade for another 3 months or more for the public to judge if it can increase an investor’s portfolio in the long run or not.