FX Hunter Wealth Review

Mar 9, 2021 12:07 PM ET
FX Hunter Wealth Review

FX Hunter Wealth

Type

Signals

Price

$50 monthly

Strategy

n/a

Compatible Platforms

any

Currency Pairs

n/a

Timeframe

n/a

Recommended Min. Deposit

n/a

Recommended Deposit

n/a

Leverage

n/a

Trade length

One day

 

FX Hunter Wealth presentation

FX Hunter Wealth is a company that provides PAMM services and signal delivery. The key statement is that “Victory is Possible for Everyone.” We haven’t seen any proof of this claim. The presentation lacks information as to the company that provides PAMM services. To convince people that service is viable, there should be many explanations, examples, feedback, and so on.

Trading Strategy Explanation

We know a few about the features of the signals:

  • Signals’ frequency is approximately 15 signals weekly.

  • The system provides Swing signals.

  • All of them have 100 pips Take Profits.

  • The signals are delivered with the next format: Symbol, Direction, Entry Price, Stop Loss and Take Profit.

  • There will be updates for open deals.

  • The signals are generated for low-risk trading.

  • We can rely on Lot Size and other money-management advice.

  • The monthly profit can be 5% or so.

  • The optimal risk to the account balance is 1% for each open order.

FX Hunter Wealth. Dave suggested we use the IC Markets broker because of low spreads.

  • Dave suggested we use the IC Markets broker because of low spreads.

  • The system that was designed by Dave is based on the banks’ activities on the market during the past and present periods.

FX Hunter Wealth. The system that was designed by Dave is based on the banks’ activities on the market during the past and present periods.

  • Dave checked banks’ data to find trade opportunities in the nearest future.

  • We can’t be sure that will work in the future. 

FX Hunter Wealth. From the screenshots, we can see how the developer worked and analyzed the data.

  • From the screenshots, we can see how the developer worked and analyzed the data.

Backtest Data Analysis

The presentation isn’t featured by backtest reports. It’s a huge disadvantage because it shows that the system wasn’t tested well on the real tick data.

Live Trading Data Analysis

Trading Results

Myfxbook Account

Real (USD), IC Markets

Started

February 03, 2020

Deposit

$575782

Balance

$237807

Gain

+27.55%

Daily

0.06%

Monthly

1.84%

Drawdown

-11.16%

Profitability

1.16

 

FX Hunter Wealth Myfxbook

The robot works on the real USD account on IC Markets. It uses technical data from MT4 indicators. The leverage is set at 1:500. The account has a verified track record. It was created only on February 03, 2020 (where’s his previous trading data?), deposited at $575,782.21, and withdrawn at $380,939.46 in total. Since then, the absolute gain is 27.55%. An average monthly gain is only 1.84%. The maximum drawdown is 11.16%.

FX Hunter Wealth advanced statistics

The robot closed 2393 deals with -3324.5 pips. An average win is 51.98 pips when an average loss is -104.73 pips. The win-rate is 63% for Longs and 68% for Shorts. An average trade length is one day. The Profit Factor is 1.16.

FX Hunter Wealth trading results

FX Hunter Wealth trading results

It trades all available symbols. 

FX Hunter Wealth trading results

The robot focuses on trading during European and American trading sessions.

FX Hunter Wealth trading results

Thursday is the most frequently traded day.

FX Hunter Wealth trading results

The expert advisor works with medium risks to the account balance.

FX Hunter Wealth trading history

Alas, trading history is hidden from us.

FX Hunter Wealth monthly gain

The beginning of March 2021 looks scary.

The company

FX Hunter Wealth. The company

There’s a little story about David. This person is behind this service. As we can see, he should have some experience of Forex-trading.

Pricing

FX Hunter Wealth Pricing

  • The pricing starts at 1.10 EUR daily. We should contact a Telegram bot to do something. It’s unprofessional.

  • There’s no money-back guarantee.

  • Signals from his MQL5 account cost $50 monthly.

/FX Hunter Wealth trading results

February and March results are horrible.

Review Summary

Pros

Cons

  • Real account trading results
  • No settings explanations provided
 
  • No money-management advice given
 
  • No backtest reports provided
 
  • Horrible and high risk trading results
 
  • Weird pricing
 
  • No refund policy

Conclusion

The service is a scam now. It looks like a scam, but in addition, there were horrible trading results. MQL5 marks FX Hunter Wealth signals with a ⅖ rate. They are low-reliable. So, there’s nothing to talk about. It’s clear that the past data couldn’t help this system to become profitable.

Rating: 2/10


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