FX Hunter EA is a martingale-based expert advisor by FXHunter.net located in Germany and they also provide a Russian version of their website. To get in touch with support, traders can email [email protected].
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FX Hunter Review
Investors should beware that the EA is using a very risky martingale strategy. It uses the M15 time frame and trades on the following pairs: AUDCAD, AUDNZD, EURGBP, EURSGD, GBPAUD, GBPCAD, GBPUSD, NZDCAD, and NZDUSD.
Unlike many other expert advisers, the Forex Hunter EA developers admit that their software is utilizing a “very thought-out martingale strategy.” There are very few developers in the Forex marketplace that will ever admit to utilizing a martingale strategy. This type of strategy is very dangerous, and in most circles just mentioning the word is enough to turn traders away. In this case, trades are added into a basket utilizing a grade strategy that they believe allows them to achieve success in any market conditions.
FX Hunter EA Strategy
Historically, the issue with martingale strategies is that they are very high risk. If the market doesn’t balance out or come back, then there is a risk that the entire account can be blown.
- Type: Forex Robot
- Strategy: Martingale/Grid
- Currency Pairs: AUDCAD, AUDNZD, EURGBP, EURSGD, GBPAUD, GBPCAD, GBPUSD, NZDCAD, NZDUSD.
- Price: $29/Monthly
There are currently 4 ways to get access to the Forex Hunter EA, and 3 of them are subscription-based. Traders can pay $29 a month, $69 for 3 months, or $121 for a 6-month subscription. All 3 of these account types offer traders one license, full support, and free updates. With the 3-month subscription, traders get a 20% discount, and with the 6-month subscription, traders get a 30% discount.
They’ve also just added a lifetime membership which is going for $499.
FX Hunter EA Result
There are two live trading result statistics available through myfxbook.com. Unfortunately, these two accounts are dormant and were last updated on June 16, 2021. This means that the developer is not trading with this robot at the moment.
FX Hunter EA Review Conclusion
Considering the lack of live trading results, combined with the poor customer feedback, We are not in a position to recommend FX Hunter EA at this point in time. Hopefully, the developers work on establishing more trust with the community and providing us with some actual proof that their software works. If they work on these 2 aspects, we will reconsider our judgment. If you don’t want to find out more details on it, but instead want to find out the legit Forex trading software, then you can click this link:-Best Forex EA.
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Please let me know what you think about this software, by leaving your comments below this article, now.