FXHunter Review

FXHunter is a unique system for trading on Forex. The developers say: “Forex Hunter EA – is a new generation grid forex robot that works using the principle “buy cheap, sell high”. This is achieved by opening positions using signals of built-in indicators and, in most cases, this allows to get very accurate entries.”

Is this robot a viable option?

We wouldn’t trust it blindly. The system does have trading results, but both accounts have a low level of transparency. 

How to start trading with FXHunter

Let’s talk about features, settings, strategies, and possibilities:

• The advisor is a fully automated trading solution that works for us tirelessly. 
• The settings files are updated consistently. 
• The robot works with low risks. 
• It trades with low drawdowns as well. 

• We may like to invest in their PAMM service. 
• We may skip ordering a VPS service. 
• We have to pay only commission from won trades.

• The system works with a Grid strategy. 
• There’s Martingale to increase lot sizes if the market doesn’t follow the direction. 
• The orders are grouped in baskets that will be closed as soon as the goals are reached. 
• The system knows how to work during high-impact news periods. 
• It places Buy-stop and Sell-stop orders to catch the market’s moves. 
• The first order opens only if the market fits a proper level. 
• It waits for the best entry point to appear. 
• “New levels of the basket can be opened either with increased or with the same volume because of flexible multiplier settings.”
• The system can use Hedge. 
• If a broker doesn’t allow hedging we can turn it off.
• The system calculates available margin to keep orders on the market safely. 
• We have to use settings of a limit of maximum possible drawdowns. 
• It can manage multi-currency trading using various indicators. 

The system is available for a month for $29. A three-month subscription costs $69. The half a year rent costs $121. The unlimited pack costs $500. The packages are featured by one real account, full support, free updates, and a 30-day money-back guarantee. 

FXHunter Backtests

The presentation includes a report of the AUDNZD currency pair on the M5 time frame. The period of data was from 2008 to 2016. The modeling quality was 99.90%. An initial deposit was $5,000. The total net profit was $27,440. The profit factor was 2.18, while the maximum drawdown was high as well – 23.62%. The robot closed 1743 orders with a win rate between 69% and 72%. 

Trading Results

The system worked on the real USD account on the Fort Financial Services broker automatically with 1:1000 leverage on the MT4 platform. The account has lost its verified track record. It was created on April 30, 2020. Since then, the absolute gain has become 67.99%. An average monthly gain was 3.84%., while the maximum drawdown was 18.18%. 

The robot is working on the second account. It has a verified track record. This account is used by developers to provide copy trading services. It was created on November 08, 2017. Since then, the absolute gain has become 131.46%.

The robot has closed 1288 orders with 8636 pips. An average win is 30.56 pips when an average loss is -53.85 pips. The win rate for Longs was 73% when for Shorts 69%. An average trade length is three days. The profit factor is 2.20. 

The most traded pair is a high spread one, NZDCAF, with 501 deals and -608.7 pips. It means there’s an insane Martingale. 

The robot focuses on trading during the European trading session. 

Tuesday (219 orders) and Wednesday (240) are the less traded days. 

The robot works with medium risks to the balance. It has to lose only 46 deals to lose 10% of the account. 

We may see open orders. 

The closed deals aren’t allowed to be checked. 

The system works with medium risks but provides little profits. 

Other Notes

It’s another Grid with Martingale combo. It’s quite a risky decision to copy orders from that account because several wrong Grids can half the balance. 

People Feedback

The company created a page on Forex Peace Army but decided not to connect trading results to it. There’s a single testimonial provided with a one-star rate. 

This client couldn’t get his signals after paying. So, it’s a scam. 

Wrapping up

Advantages

• Backtest reports and live trading results provided

Disadvantages

• No team revealed 
• No settings explanations provided 
• Risky strategy on the board: Grid, Hedge, and Martingale 
• The robot focuses on high spreads cross pair
• Weird pricing
• Negative customer reviews  

Summary

FXHunter looks like another scam. The developers run a high-risk strategy combo based on Grids of orders and Martingale adding to them Hedge. It’s like riding a rocket. Copying these signals is not a great decision. The single comment informs us that the service is a scam because the developers answer nothing about subscription purchasing.