ProHT TREND EA Review

Apr 15, 2022 07:41 AM ET
ProHT TREND EA Review

ProHT TREND EA is an expert advisor launched by the HollandTrader team. According to the Myfxbook profile of this company, it is based in the Netherlands and has over five years of experience. Other products from this team include FXHT MultiCurrency EA, FXHT ScalpingNL, FXRotterdamEA, FXHague EA, etc. We don’t know the identity of the team members.

The website presentation does not reveal a lot of information about the expert advisor. We only have a small list of recommendations for the robot. The vendor has not shared the list of features and we don’t exactly know how the system works. There are no links to live trading accounts or backtests either.

ProHT TREND EA

Type

Fully-automated EA

Price

$200

Strategy

Trend and Reverse Trend

Compatible Platforms

MT4

Currency Pairs

EUR/USD, AUD/USD, CAD/CHF, EUR/CAD, GBP/USD, USD/CAD, USD/CHF

Timeframe

H1-H4

Recommended Min. Deposit

N/A

Recommended Deposit

N/A

Leverage

1:30 – 1:2000

Trading strategy explanation

This EA mainly follows two strategies, namely Trend and Reverse Trend. For the Trend strategy, it concentrates on support and resistance levels, while the reverse trend strategy involves volume sizes. Additionally, it uses fake break out filters for making its decisions.

The vendor recommends loading the EA on H1 or H4 charts for pairs like EUR/USD, AUD/USD, CAD/CHF, EUR/CAD, GBP/USD, USD/CAD, and USD/CHF. You can use any leverage from 1:30 to 1:2000 and the vendor claims that the system works with any broker with a fast execution speed.

You can use different types of accounts with this EA like Standard, Cent, and ECN. The robot remains active 23 hours a day and it trades five days a week. For each pair, there is a unique magic number. It is recommended that you don’t change the settings unless you know exactly what you’re doing. The vendor offers free updates and there is a dedicated support team that responds within 24 hours.

Backtest data analysis 

Backtesting results of ProHT TREND EA on Myfxbook.

There are no backtesting results on the official website, but we found the test results on Myfxbook after conducting our own research. The EA conducted a total of 5790 trades between 2021 and 2022, winning 94% of them. As a result, it generated a total profit of $20,494,458.77. The win rate was incredibly high and it’s remarkable that the EA was able to generate such a large profit in just one year. The daily and monthly gains for this backtest were quite remarkable at 82.3% and 11.92%, respectively. 

Live trading data analysis 

Trading Results

Myfxbook Account

Demo (USD), Alpari INT

Started

Mar 17, 2022

Deposit

$10,000

Balance

$10,147

Gain

1.47%

Daily

0.29%

Monthly

1.47%

Drawdown

4.99%

Profitability

0.52

 

Growth chart of ProHT TREND EA on Myfxbook.

Since there are no verified trading results shared on the official website, we had to conduct our own research to find this Demo account on Myfxbook. This account was launched on March 17, 2022, and since that time, the EA has conducted 124 trades. The EA clearly follows a high-frequency strategy, but the account has been active for only a few days. This account has a profit factor of 1.13, which is not too high but still above the acceptable margin. 

At this moment, the daily and monthly gains for this account are quite satisfactory at 0.29% and 1.47%, respectively. The drawdown is only 4.99%, which tells us that the EA does not use a risky strategy. Compared to the backtest, the profitability is much lower at 52%. The total profit generated through the account currently stands at $147.10.

Trading results of ProHT TREND EA on Myfxbook.

As you can see from the recent trading history, the EA has lost multiple consecutive trades. For the last 20 trades, the EA used a lot size of 0.05-0.10. While the average trade length is 19 hours and 7 minutes, the average win and loss are 22.80 pips/$19.67 and -23.03 pips/-$19.17, respectively.

Customer reviews 

Currently, there are no user reviews for this EA on websites like Quora, Trustpilot, Forex Peace Army, and Myfxbook. Therefore, we have no idea about the experience of real users with this expert advisor.

Review summary 

Pros

Cons

  • Affordable compared to other EAs
  • Very short trading history
 
  • No money-back guarantee
 
  • Lack of vendor transparency

ProHT TREND EA is a system that is sold by a vendor we don’t know much about. Although it is cheap, customers don’t have the protection of a money-back guarantee. There is a live trading account on Myfxbook, but it has only been active for a few days. 

Rating: 5/10


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