In this post I will be reviewing the Forex Trend Detector automated forex trading system. These particular developers have made a few other forex robots over the years. This is yet another fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Forex Trend Detector Trading Strategy
Forex Trend Detector has 3 risk options – low, medium and high. The concept behind Forex Trend Detector is using a strategy that fund managers and insiders would refer to as “smart money”. Infact, they claim that a fund manager with more than 15 years’ experience was involved in the development process.
This forex robot has a coding algorithm and money management algorithm that is combined with a volatility breakout strategy which means it is geared towards more volatile forex currency pairs.
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
Forex Trend Detector Back Testing
There is a back test on the website over just 2 years’ worth of testing. I would like to have seen back testing over a longer period of time and with real tick data, spreads and commissions included.
Forex Trend Detector Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Trend Detector Summary
Forex Trend Detector is an automated system that comes with full support and free lifetime update as well as a no questions asked 60 day money back guarantee.