$237 Buy Now
Forex Trend Detector is a trading robot that was designed to adapt to the current market conditions. Interestingly, the presentation includes a backtest report and real account trading results. For more details, please, read the Forex Trend Detector robot review.
The developer of this system is very transparent, providing backtests, track record verified trading results, strategy insight as well as a FAQ section to find common questions and answers related to Forex Trend Detector. Traders who are not satisfied with the FAQ section can directly contact them through a contact form on the website.
The Forex Trend Detector EA showed good results until now. Forex trading results show some elements of risky strategies involved. Although drawdown is good, the average win-rate on live account is not sustainable.
Forex Trend Detector Review
Both the developer and the system are well-known in the Forex community. The robot comes with multiple trading results on verified accounts. At least, we can trust what we see on myfxbook.com because track results are verified. This means that results have been compared with data coming from the brokers directly. Here are some of the top features of this Forex robot.
- The EA is a 100% automated trading software
- It works both on MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
- Compatible with Mac OS and Windows OS
- There are backtest for supported currency pairs.
- Backtests were performed using a fixed lot or 2% risk size.
- There is constant customer support.
- The EA is optimized to trade on EURUSD and GBPUSD pair.
- It can be used with other unsupported pairs but you have to do your own optimization.
Forex Trend Detector Strategy Insight
The Forex Trend Detector was designed with the volatility Break-out strategy, with the guidance of one of the industry’s most respected Fund Managers with over 15 years of active trading experience. A Volatility Breakout strategy is a complex strategy that exploits the tendency of price movement. The Volatility Break-out strategy is suitable for all instruments and is traded on a 5-minute chart. Moreover, the developer says that combined with the conservative drawdown algorithm, makes this robot one of the most powerful trading tools you’ll ever use.
- Type: Forex Robot
- Strategy: Volatility Breakout
- Timeframe: M5
- Recommended Pairs: EURUSD and GBPUSD
- Terminals: MT4, MT5, Mac OS, and Windows OS.
- Price: $237
There is only one package on board to buy the Forex Trend Detector. This package costs $237 and includes EUR/USD and GBP/USD currency pairs support, licenses for 1 real account and 2 demo accounts, and a 60-day Money-back guarantee.
The package also comes with a free EA bonus, access to member-area, free lifetime update, and round-the-clock customer support.
Strategy tester report
The presentation is featured by multiple backtest reports. Let’s take a look at one of them to gain more insight into the strategy.
It’s a EURUSD report on the M5 timeframe. The strategy was tested for ten years with 90% modeling quality. An initial deposit of $5000 became $320223.60 of the total net profit. The Profit Factor was good (2.13). A maximum drawdown was 4.33%. The EA participated in 2262 trades with 71.35% of the average win rate. The average profit is less than the average loss. The maximum consecutive win is great – 59 wins in a row.
Trading Result Analysis
There are multiple verified myfxbook.com results provided, but we will be analyzing the Forex Trend Detector GBPUSD account because it is the only account that we saw that is up-to-date.
It’s a real USD account on an Alpari broker with a leverage of 1:500. The robot performs on the MT 4 platform. Deposits amounted to $1000 with no withdrawals yet. The account is tracked by only 3 traders. Since the beginning of the year, the EA provided +4.92% of the total gain. An average monthly gain is 4.02% with an acceptable maximum drawdown of 21.19%.
It has traded 1o1 deals with 457.6 pips. An average win (36.71 pips) is greater than an average loss (-31.00 pips). The win rate is similar to what we saw on the backtests for this pair – 52%. An average trade length is quite long, over 9 hours.
The daily chart looks normal. The robot closes more trades on Tuesdays, Wednesdays, and Fridays.
The account is run with moderate risks.
Forex Trend Detector Review Verdict
The Forex Trend Detector EA showed good results until now. Forex trading results show some elements of risky strategies involved. Although the drawdown is good, the average win rate on the live accounts is not sustainable. We suggest you see other alternatives from this vendor that we have reviewed, including WallStreet Forex Robot and Forex Diamond EA or you can take a look at our best Forex robots page to see the performances of the industry’s most profitable trading tools.