Promoted by FXAutomater group, Forex Trend Detector aims at leveraging the hidden loopholes and making reliable, quick, and easy profits. This Forex robot claims to be simple, powerful, and consistently profitable by its special trading approach. We could not find any info on the developer of the ATS or the team behind it. No location info is provided so we are unable to know the reputation of the vendor or the developer.
However, FXAutomater is a group specializing in Forex robots such as Forex Gold Investor, Forex Diamond, etc. The company has been in the field for over a decade developing fully automated as well as hybrid products. Finding the best Forex robot is an overwhelming task given the multitude of products you see online. Luckily, we have done all the hard work for you. Have a look at our best Forex robots list and you can easily choose the FX tool of your choice with our comprehensive reviews.
Forex Trend Detector Overview
Promoted as the only expert advisor that professional traders and money managers prefer, this FX robot comes with risk level indicators and precise market entries besides a host of other features. The vendor focuses on the unique strategy, the professional support offered by the FXAutomater team, and the robot’s adaptability to the market conditions. While their claims look impressive, they do not post verified trading results for this FX EA. Instead, they cite other products of the group.
The main features of the FX tool include unique smart money management, tight stop-loss levels, and an algorithm that limits the drawdown effectively. Other features include MT4/MT5 compatibility, high reward to risk ratio, protection from high spread and slippage, advanced time management, and more.
As per the website info, the regular price of $297 has been slashed to $237 for this Forex robot. The price includes a real account, two demo accounts, capability of working on GBPUSD and the EURUSD pairs. Updates and upgrades are part of the package, and the vendor offers a 60-day money-back guarantee for the product. Compared to other FX robots on the market, the price is not too high.
How it works
On purchasing the Forex robot, you need to download and install it. The setup takes a couple of minutes. With the minimal requirements needed for the EA, you can get started with the automated process easily.
The robot identifies the ending phase of a volatile market and spots the borders of the volatility situation especially those near the crucial market levels. You can set the trades based on the levels that take into account the market readjustments in the event of a volatility breakout.
On the strategy used, the vendor explains using the smart money approach and a drawdown compensating algorithm. A volatility breakout trading approach is used with the drawdown compensating feature to ensure better returns and minimal risk. With the help of the FX EA, traders can identify volatility breakout and profit from the price changes. However, the explanation provided is not sufficient to understand the strategy used.
While there are no verified trading results for this MT4 tool provided by the vendor, we found a real live EUR account of the system using the Darwinex broker and the leverage of 1:200 on the Metatrader 4 platform. Here is a screenshot of the results:
From the trading stats, we could see that the account is running at a loss of 43.62% and has a drawdown of 65.83%. The profit factor is 0.90. Furthermore, most of the details are hidden which indicates the FX robot is not as effective as claimed on the site. While the vendor does not post verified real account results, there are backtesting reports on the site. Here is a screenshot of the strategy tester report:
From the above screenshot, we can see that the modeling quality is 90% which is not sufficient to know about features like slippage, commission, etc. The backtesting done for ten years on the EURUSD pair using the time frame of 5 minutes, a total net profit of 320223.60 is recorded with the maximal drawdown being 4.33%.
We could not find user reviews for this ATS on trusted third-party sites like Forexpeacearmy, Trustpilot, Quora, myfxbook, etc. The lack of reviews reflects badly on the robot as it indicates that it is not a popular one.