In this post I will review the FX Treasure Hunter forex software. This is yet another manual forex trading system that has been created to use in the popular and free to download MetaTrader 4 (MT4) platform which is used by millions of traders around the globe.
The FX Treasure Hunter system is suitable for traders of all different experience levels and includes easy to follow instructions to help you get started. You may wish to begin practising the strategy on a demo trading account until you produce consistent results and feel confident to trade on a real account.
Hopefully, this FX Treasure Hunter Review will help you to decide if this is a forex trading strategy that you would like to try out. I think that it has some potential but does require the user to take some initiative. This means that you will need to confirm each trading signal with your own market analysis to make sure that you are happy to take the trade. If not, you can always wait for the next opportunity to come along.
What is FX Treasure Hunter?
There is nothing new to see with the FX Treasure Hunter system. It is a combination of indicators that form a trading template which you can load on any trading instrument and any chart time frame.
It gives colour coded buy or sell signals depending on the market conditions. There is an inbuilt filter that aims to avoid ranging market conditions – as the popular phrase goes, “the trend is your friend”.
I would personally use the FX Treasure Hunter system on major currency pairs including the EURUSD and GBPUSD as I find they tend to have the most liquidity which can lead to some nice big moves. It also means that I get to save on trading costs in the long term.
Furthermore, I would trade this system on the long-term charts (h1 and above) primarily due to the fact I find there can be lots of noise on the short-term charts.
The FX Treasure Hunter system is really easy to use. It can alert you when it finds a trading signal so you don’t need to chart watch and can just keep it running on the currency pairs you wish to monitor. Alerts can be sent as platform pop-ups or via SMS and email.
When you receive a trading signal from FX Treasure Hunter, you can choose to take it as is although it may be a wise idea to conduct your own analysis to further filter the signals.
How to use FX Treasure Hunter?
The FX Treasure Hunter indicator analyses the market using a unique method that tried to predict all trends in advance. The indicator will give you a signal to buy or sell displayed with a colourful line and a simple word “buy” or “sell” that will be printed directly on your charts. If there is a ranging/sideways trend – that will be indicated with a flat horizontal line. During such times, the developer says that all trades must be avoided. That makes complete sense when you consider this is a trend trading system. However, I do not think it doesn’t anything special that you cannot achieve with a few MT4 indicators such as the moving average for finding a trend and the CCI for timing entry into said trend.
One of the positive aspects of the FX Treasure Hunter system is that there are so many different ways in which it can be used. There is no one size fits all as every trader has a different trading style and risk preference. You can use the FX Treasure Hunter indicator to scalp, day trade, swing trade or even hold positions for the long term. It can be used on any financial instrument that your trading broker provides and can be applied to any chart timeframe. This makes it a very versatile forex strategy for traders of all experience levels.
In order to use this forex trading strategy, you will need an account with a forex broker and the popular MT4 trading platform. You may consider opening an MT4 account with an ECN forex broker if you are looking for competitive spreads, commission and execution speeds. 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.
FX Treasure Hunter Features
- Two Minutes to Setup – Forex Treasure Hunter is easy to setup, so you can install the system in just a few minutes (MT4 platform only) and start using it immediately
- Easy to Use – No special skills or knowledge required. Just follow a few simple rules but make sure you confirm each signal before taking a trade
- No Guesswork – This system continually analyses the Forex market and instantly provides you with optional signals to help inspire trade ideas
- Low Startup – For this system there is no minimum trading amount, you can start trading with an amount you feel comfortable with
FX Treasure Hunter Summary
Overall, the FX Treasure Hunter is nothing new but is a very user-friendly basic trading system that some traders may find useful. You will need to have your money management and trading discipline in check, as you should have regardless of what trading system you are using.
I would look to take the trades which give me the potential of a 1:3 risk to reward ratio as I wouldn’t want one losing trade wiping out consecutive winners.
The FX Treasure Hunter system includes instructions, indicators, template, support and a money back guarantee.
FX Treasure Hunter
$47
Pros
- Manual Trading System
- Technical Indicators
- Signal Alerts
- Versatile Trading System
- Any Trading Instrument
- Any Chart Time Frame
- Detailed Instructions
- Money Back Guarantee
Cons
- Quite Basic Forex Strategy
- MetaTrader 4 Only
- Not Very Innovative
- Requires Some User Initiative
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
