FXHT MultiCurrency EA Review

FXHT MultiCurrency EA

Trading strategy explanation

According to the vendor, intraday scalping is used. It does not use high-risk methods like grid, Martingale, and hedging methods. This FX robot doesn’t require optimization in order to produce high returns, according to the vendor.

This FX robot is competitive because of its key characteristics:

• You can use it with any broker.

• FX EA software is completely automated for FX trading. It works 24/7.

• 500 is the minimum required deposit to use this system.

• It is recommended that you have a minimum of 1:3.

• For this FX Robot, the minimum lot size that you can place is 0.01.

• This works for all currencies, but especially high-volatility pairs.

Backtest data analysis

The FX robot is available on Myfxbook.  This screenshot shows the strategy tester report, which includes testing results between October 2021 – March 2022.

The above screenshots show that the FX robot generated an overall gain of 3.98 millions from a $1000 initial deposit. The FX robot generated a daily profit from 7.47% and monthly profits of 768.33%. The account’s drawdown was 25.44%. The account had 2618 trades with an average profitability of 98%. Also, the profit factor was 4.67. The trading history shows that the amount of lots used was 1000. The high profit margins are a sign of good performance but the drawdown can be quite high. A drawdown greater than 20% will make traders uncomfortable. The lot size indicates a high level of risk. The sample was also too small for us to evaluate the system properly.

Demo trading data analysis

Trade Results

Here are the screenshots from the demo USD account, which includes trading privileges that were verified by Myfxbook.

The above pictures show that the total profit generated by the system is 93.19%. Daily and monthly profits of the system are respectively 0.67%, 34.77%, and 3.7%. Since February 2022, the account which was opened in December 2021 has been closed.

We can see that FX robot started with an uptrend, then has been slowing down toward the end of January. Then it has showed a small increase in February. The total number of trades executed was 934 with an 83% profitability and a profit ratio of 1.84%. It is a risky method because the lot size was 0.10. Both the demo trading results and backtesting result show that there is a risky way to invest your capital.

Pricing

You will need to pay $99 to use the FX EA. This includes tax. However, shipping costs must be paid. Information about the capabilities of the product is not provided by the vendor. The system’s reliability is questioned because we could not locate a guarantee of money back. The pricing seems reasonable compared with the market average.

User feedback

We could not locate any user reviews on this FX Robot at reputed sites such as Forexpeacearmy and Trustpilot.

Review summary

There are pros

• Fully automated trading platform

• The pricing is reasonable

Cons

• Demo results are not available

• No money-back guarantee

• Inadequacy of vendor transparency

FXHT MultiCurrency EA is backtested and has demo trading data to show its effectiveness. Our analysis revealed that the demo trading and backtesting stats are risky. The system cannot be evaluated if there are not real, verified trading results. Other downsides of this FX Robot include a lackluster money-back guarantee, and poor vendor transparency.