In this post I will be reviewing the Forex Trend Hunter forex robot. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs. This robot is from the same developer who brought you the Forex Trend Hunter and Forex Pulse Detector automated forex trading systems that I have previously reviewed.
Forex Trend Hunter Trading Strategy
Forex Trend Hunter is a fully automated forex trading system so you can set it up in just 5 minutes with relative ease. It is a long term automated trading system which aims to trade with the trend – the old saying “the trend is your friend” applies here. These types of system are look to move with the overall direction of the market and aim for mid-long term trades. Despite being a long term automated forex trading system, the developer states that it trades on the m15 charts. Usually a long term system would use a higher time frame.
Forex Trend Hunter Back Testing
Looking at the Forex Trend Hunter website there are 12 year back testes on the EURJPY, GBPJPY and EURUSD currency pairs. However, tick data was not used so the modelling quality is 90%. We must also consider that real spreads, swaps, slippage and commissions were not incorporated in the testing. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance.
Forex Trend Hunter Live Results
Forex Trend Hunter Summary
Overall, I would personally look for an alternative forex robot if looking for a fully automated forex system. However, full support, updates and 60 day money back guarantee are included. The Forex Trend Hunter developers actually have 3 forex robots currently available on the website with more coming soon. I have the developers other forex robots in my forex robot reviews section, you can see all live results from this and the developers other robots on the Forex Trend Hunter website.