FxHT DailyTrend EA Review

The FxHT DailyTrend EA is a fully automated Forex robot created by FXHT, a company behind a number of notable EAs in the industry. However, we could not find any further information on the vendor, such as the developers behind it, their address or how to contact them. This lack of vendor transparency raised a red flag. 

Trading strategy explanation

The vendor claims that this EA can work well with any FX pair that features high volatility. For money management, the FxHT team recommends using fixed lots. Notably, the allowable minimum is 0.01 lots. Stop loss and take profit orders also feature in each trade. 

This bot provides allowances for you to make any tweaks or configure the settings to your personal preferences. Doing this could very well improve your results. Unfortunately, we could not find further details on the trading approach the bot applies. This again raises red flags on the vendor’s lack of transparency. 

For the one-off price of $190, you get to enjoy features such as:

• The bot is compatible with any broker and account type.

• The EA can trade any highly volatile pairs.

• A fully automated bot that can trade 24/5 without any input from the user.

• Optimizable settings. 

• No dangerous strategies like martingale, hedging, or grid trading. 

Backtest data analysis

Unfortunately, there is no evidence of a back-test performed on the FxHT DailyTrend EA on its official website. We could not find any results of the same on trusted third-party websites like Myfxbook, FXStat, and TrustPilot. This lack of data to back up its profitability claims is very unsettling for a forex robot. This leads us to think that the vendor has something to hide. 

Live trading data analysis

There is no evidence of a live test of the EA on its official website. However, Myfxbook conducted a live test of the FxHT DailyTrend EA, albeit on a demo account. This test ran from May 17th to June 2nd, 2022. 

The live trading began with an initial deposit of $10,000. In about two weeks, the bot had made 13 trades in total. Twelve of these were long trades, of which ten resulted in profit. The remainder was a short trade, which culminated in a loss. Overall, the bot yielded $284.34 of profit. 

This was a 3.05% gain, which was equivalent to 0.1% in daily gains. Within this period, the drawdown was 0.74%, while the profit factor was 3.75. Due to the short period of the trial, these results are far from conclusive, and thus cannot be fully indicative of the bot’s performance. 

Oddly enough, but SL, TP and Lot size info cannot be checked. The dev decided to hide it from us. If the system does not use any risky approach, then why is the dev afraid to show the whole trading history? Probably it’s because Martingale is applied. The system places grids of orders,and, as you can see, loses are higher than wins.

Client feedback

Unfortunately, we could not find user testimonials from trusted third-party websites like Trustpilot and MyFxBook. There were no user reviews on the EA’s official site either.

Review summary

The FxHT is a fully automated EA that can be used with any broker or trading account. It utilizes grids of orders. Although the dev tries to convince us that no risky trading approaches are used, there is no mention of what exactly strategy is applied. There are no backtest results provided on its website nor on authoritative third-party sites. What’s even more suspicious is we couldn’t find any user reviews on the bot. 

Rating: 6/10