Hi-Tech Trader Review

In this post I will be reviewing the Hi-Tech Trader fully automated forex trading system that has been developed to run in the ever popular MetaTrader 4 (MT4) trading platform which is free to download from most forex brokers.

Hi-Tech Trader

$97
3.7

Functionality

3.5/10

Usability

4.0/10

Versatility

3.5/10

Features

  • Fully Automated Forex System
  • MetaTrader 4
  • EURUSD
  • Detailed Instructions
  • Free Updates
  • Full Support
  • Money Back Guarantee

The Hi-Tech Trader expert advisor (EA) can place and manage trades on behalf of the user. You simply just need to follow the provided instructions to attach it to your charts in MT4 and let it trade.

This makes it suitable for traders of all experience levels but as with any forex robot, there can be no guarantees on how it will perform. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.

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.

Hi-Tech Trader Review - FX Blue Results
Hi-Tech Trader Review – FX Blue Results

Hi-Tech Trader Strategy

The Hi-Tech Traders uses a trading strategy where trades are usually held for a number of days. This makes it more of a mid-long term forex trading strategy. There is no scalping or averaging implemented with the system.

It trades primarily on the major EURUSD currency pair which is advantageous due to the fact this pair tends to have some of the lowest spreads and best liquidity. I find that an ECN forex broker tends to have the better trading conditions for any forex robot

The trading logic for the Hi-Tech Trader is based on price swings between support/resistances combined with indicator analysis and individual mathematical calculations that are conducted on a daily basis.

It should be noted the EA does not use a stop loss or take profit and will instead analysis the markets continuously to try and identify a suitable point of exiting each position. Make sure you are aware of the significant dangerous imposed when not using a stop loss, something I personally would not do.

Furthermore, the Hi-Tech Trader EA has quite a significant drawdown that may be too much for the tastes of many retail traders. It is personally too risky for my trading style.

Hi-Tech Trader Back Testing

Unfortunately, the developer for some reason has decided not to produce any back-testing results which his slightly disappointing. If they did provide them, I would have liked to have seen 99.9% modelling quality results using Birts TDS for the most accurate test conditions possible.

Hi-Tech Trader Live Results

To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.

Hi-Tech Trader Summary

Overall, I would personally avoid using the Hi-Tech Trader EA. I find that it is too risky for my personal taste. Especially when you consider the risks involved by having such an imbalanced risk to reward ratio and also the lack of a stop loss being used. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA.

If you do decide to purchase this robot then you will get 24/5 support, free updates and a money back guarantee.

Hi-Tech Trader

$97
3.7

Functionality

3.5/10

Usability

4.0/10

Versatility

3.5/10

Features

  • Fully Automated Forex System
  • MetaTrader 4
  • EURUSD
  • Detailed Instructions
  • Free Updates
  • Full Support
  • Money Back Guarantee