WrenFX EA is a just released expert advisor that has a simple presentation with a few information, backtest reports, and trading results. The developers claim that WrenFX is the “Artificial Intelligence-powered Forex Expert Advisor. Customized and versatile platform that enhances your Forex Trading experience.”
WrenFX Robot Review
We have nine parts of grouped information about the system provided.
- The system can execute orders for us automatically on the terminal.
- It is able to calculate when it’s time to open trade and what Take Profit and Stop Loss levels should be.
- The system doesn’t require us to have Forex trading experience.
- The account balance can be $200 or higher to get started trading.
- It’s easy to install EA.
- The advisor fits the next account types: ECN, NDD, Standard, Micro, and Mini.
- The money-management system can decrease risks from trading.
- We can rely on full hands of help 24/7 support.
- It executes orders on the pairs: EURUSD, USDCHF, EURCHF, and USDJPY.
WrenFX Strategy Tests
According to its developer, the expert advisor “performs different activities based on preset rules to manage all the assigned tasks right from sending orders, adjust stop losses and find profit levels”. The vendor adds that the robo doesn’t execute risky strategies like Scalping or Hedge.
We’ve got a backtest report with the EURUSD currency pair on the H1 time frame. The modeling quality was 90.00% with 20 pips spreads. An initial deposit was set to $1000. The final balance has become $454,165. The profit factor was 4.69. The maximum drawdown was 33.96%. It’s a high number for a backtest report. WrenFX has closed 296 deals. The win rate was 90.51% for Shorts and 88.68% for Longs.
WrenFX Trading Results
The system has been running on a real account on the no one knows broker – CryptoRocket. The leverage is 1:500. The advisor works on the MT4. The account has both track record, and trading privileges verified badges. It was created on May 13, 2021, and deposited at $5,000. Since then, the absolute gain has become 43.69%. An average monthly gain is 21.67%. The maximum drawdown is 42.93%, which makes it hard to trust this robot with our money.
There were periods of high drawdowns.
The robot has only traded 26 deals with 230.3 pips. An average profit is 20.13 pips when an average loss is -21.73 pips. The accuracy rate is 66% for Longs and 76% for Shorts. An average trade length is 48 hours. The Profit Factor is 2.18.
The advisor works EURUSD, USDCHF, EURCHF, and USDJPY. USDJPY is still ahead with 9 deals with $654.91.
The robot works on all days.
Tuesday, Wednesday, and Friday are the most active days to trade.
The robot executes orders with high risks to the balance. The system has to lose only three deals to waste 10% of the account.
We can see open deals that sit in drawdowns.
The robot works with Martingale with various Lot Sizes.
The robot has closed two months with profits.
The presentation includes three packages: Basic, Pro, and Enterprise. The first pack is the cheapest and costs $299. It includes two real accounts, a license 18 months long, free updates, and 24/7 support. The Pro package is available for $399. It has three licenses on the board and a 24 months range. The Enterprise pack costs $499 and includes four lifetime licenses with free updates and 24/7 support. The system can be bought through Click2Sell, which’s an official reseller.
WenFX has a page on Forex Peace Army. Alas, clients have written no reviews. So, we have no rates as well. The only system is connected to the page.
WrenFX is a young trading solution that executes orders with moderate risks. We don’t have long or even mid-term trading results provided to be sure that the robot can execute orders stable and make profits from month to month without huge drawdowns as we have seen.