Hi-Tech Trader is a new EA that was launched on 15th of March, 2018. It is unknown the identity and location of the persons that created this robot software. In order to get in touch with support, traders can email [email protected].
The vendors promise that their Forex robot will help traders generate stable profit and avoid high risk losses that other trading systems frequently fall victim to.
Hi-Tech Trader Review
You can conclude on the Hi-Tech Trader immediately you visit their website. It looks like the vendor took a wordpress theme, and tried to redesign it to fit their needs but failed miserably. The main images on the website really make no sense, and don’t convey the message of what they are trying to sell. There are images of a man installing an electrical outlet, a skate park and then Apple watch. None of these images should be used by the developer, and it’s our opinion that this poor design attacks their credibility.
During our review of Hi-Tech Trader, we noticed that the vendor did not include details on the EA works for clients to see. They mention multiple times that it uses some sort of algorithmic approach and focuses on low risk trading strategies, but there is never any detail.
They should definitely consider providing more information about their methodologies, because as it stands it’s very difficult to recommend the product.
- Type: Forex Robot
- Price: $97-$129
- Strategy: Undisclosed
- Timeframe: Undisclosed
- Pairs: EURUSD
If you wish to use an expert advisor that lacks identity and undisclosed strategy, Hi-Tech Trader offers you 3 alternative plans to choose; Starter, Professional and Advanced.
The starter plan costs $97 and provides traders with one real license, and one demo license. The professional plan costs $112 and providers traders with two real licenses and two demo licenses. The Advanced plan costs $129 and provides traders with three real licenses and three demo licenses. With the pricing structure being this quite similar, it’s definitely enticing to purchase multiple licenses once. Yet, at this point, we don’t believe that the best course of action.
Most traders and analysts will agree that trading time frames can be broken into three broad categories. These time frames are typically known as the short, medium and long term time periods.
Hi-Tech Trader timeframe is not disclosed, that means you don’t know the frequency the robot will be entering and exiting trades.
One Major Pair
When you trade in the forex market, you buy or sell in currency pairs. Hi-Tech Trader deals on only one major pair; EURUSD
The majors are the most liquid and widely traded currency pairs in the world. They account to about 85% of Forex trading.
SCAM EA reviews hundred of Forex robots/Eas, and the best way to determine if a EA developer service is legit or a scam is by verifying their result. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like Myfxbook or FXBlue.
There is a single Hi-Tech Trader FX Blue trading account. We prefer Myfxbook, as it is the more reliable of the two options, but we will still provide our analysis of the account.
The account is showing an 883% gain over 501 days. During this time the product has accumulated over 3600 pips, with approximately 1 trade every 3 days. The average trade length is 7 days, and the risk reward ratio is 1:2. Most wins are around +240, and most losses, -649. These numbers are all pretty impressive across the board, but we would definitely like to see them on Myfxbook, as the numbers on FX blue are frequently less reliable. We would certainly trust the vendor much more if they were Myfxbook verified.
Hi-Tech Trader Review Conclusion
It’s really difficult to say what to do when dealing with the Hi-Tech Trader EA. The majority of the presentation is poorly put together, and makes us want to entirely ignored the impressive trading results they provide. At this point, we really need to see actual traders utilizing the software, and putting their results up on Myfxbook, because the single vendor account isn’t enough to have total faith in the product. You should only stick with proper trading products.