ProHT Trend EA is an FX robot that uses multiple approaches to ensure high returns and minimal risk. FX Holland Trader is the company behind this system. We could not find info about the company like its founding year, location, traders, developers, etc. Other than the domain being registered for 2022 and the mention of Shopify powering the website, there are no other details found on the company.
Transparency concerning the vendor is one of the crucial aspects that help in deciding the viability of a product. Besides vendor transparency, there are other significant factors you need to consider in an FX robot such as its performance, support, etc. But it is not possible to evaluate these features in every product available. To make the overwhelming task of finding the right FX robot easier, we have analyzed them and compiled a list of the best FX robots.
ProHT Trend EA offering
On assessing the FX robot, we found the following important features that the vendor focuses on:
- It works on the EURUSD, EURCAD, AUDUSD, CADCHF, GBPUSD, USDCHF, and USDCAD pairs.
- The FX robot uses the timeframes of H1 to H4.
- A broker with fast execution is recommended for this FX EA.
- The leverage starts from 1:30 up to 1:2000.
- This FX EA works on any type of account including standard, ECN, CENT, etc.
- The expert advisor is set to work 24/5.
- The vendor recommends the use of a minimum deposit of $200.
- A deposit of $500 is however the recommended amount for better results or the use of a cent account.
You can purchase this FX robot for $120. The original price is $400 but the price has been discounted to $120 and is inclusive of taxes. Free updates and support are provided. We could not find further info on the features available with the package. No money-back-guarantee is present which makes us doubt the reliability of the product. When compared to the market average, we find the price is affordable.
How it works
As per the vendor, the EA has multiple settings which you can optimize as per your trading style and the risk level you choose. Each pair has a different magic number. Due to the presence of multiple strategies the robot can execute different trades on different accounts. You can use money management or fixed lot size for the trades. The EA closes orders automatically based on the SL and TP settings.
This FX EA uses the trend, reverse trend, volume size, and support/resistance methods for its strategy. It also uses fake breakout filters. It works simultaneously on the 7 recommended currency pairs. The robot closes positions by total orders percentage profit.
A demo USD account verified by the myfxbook site using the Alpari INT broker and the leverage of 1:500 on the MT4 terminal is shown here:
From the above stats, we can see the account that started on March 22, 2022, with a deposit of $10,000 has generated a total profit of 5.89%. The daily and monthly profits are 0.36% and 5.89% respectively. A drawdown of 6.53% is present for the account. From the growth curve, we can see the account shows frequent highs and lows indicating a risky approach. Further, the sample size is very small so cannot be used for evaluating the performance. Other stats include the profitability of 70% for a total of 362 trades with a profit factor of 1.28. A lot size of 0.05 is used. Another factor to note here is that the vendor does not provide a real trading account which further makes it difficult to assess the performance.
Unfortunately, we could not find user feedback for this FX EA on trusted review sites like Forexpeacearmy, Trustpilot, etc.
For support, the vendor provides guides on setting up the EA and for live trading. An online contact form is present.