FXHT Multicurrency EA is a fully automated trading system that requires minimum leverage of 1:30. It does not require optimization as the developer provides all the set files. There is no use of grid and martingale strategies and requires leverage of 1:30. To give more information to our readers, we will discuss the drawdown and other aspects of EA in this review.
How FXHT MultiCurrency EA works
The algorithm comes with the following characteristics:
- Workable with any broker
- No martingale, grid, or hedging methods
- No optimization required
- Fully automated
- Multiple currency pairs supported
- 2 weeks trial version
Vendor transparency
The vendor is not transparent about its portfolio and provides no certified documentation. FXHT is the company’s name that only has 4 expert advisors in their product list, which is considered below average in the enormous competitive Forex market.
Traders can send a message to the team by filling out the form, including the user’s name, email address, and phone number.
How it works
The bot works in the following method:
- Select the buy it now option and fill out the required details
- Purchase the product after paying for it from the company website
- Download the files to your computer
- Go to the MetaTrader 4 platform on the computer and log in to your account
- Bring the downloaded robot files into the charts section
- Allow auto-trading
Applied strategies
The developer states that the minimum lot size required to use the robot is 0.01, and it works best for the EURUSD. The expert advisor uses an intraday scalping strategy without grid and martingale. It is necessary to deposit at least $500 in your account and have minimum leverage of 1:30.
From the live records on Myfxbook, we observe that it uses averaging techniques, which goes against the developers’ statement. The trades do not come with a fixed stop loss and are held for an average duration of 16 hours and 10 minutes which refers to a day trading approach. There is no time filter as the positions are opened at random intervals.
The robot provides no information on its backtesting records and makes it impossible for us to check the appropriate historical performance.
FXHT MultiCurrency EA trading results
The EA started trading in March 2022 and is currently live on Myfxbook. The algorithm made 333 trades, out of which 272 were positive and 61 losses. The initial deposit was $5000 and an active balance of $7,817.42. The average win and loss rate was $39.40 and -$129.48. The best trade noted was 223.81, with the highest balance of $10,988.45.
We observe that the drawdown was 45.83%, with a monthly gain of 56.35%. Total profit came out to be $2,817.42 with a profit factor of 1.36.
Pricing & refund
The product price is $99, and it is on sale. The payment for the order can be made via MasterCard, Visa card, and Amex. No money-back-guarantee is available.
Other notes
The company has no reviews on trusted feedback platforms like Trustpilot and Forex Peace Army. We cannot know the general viewpoint of customers without proper feedback from the community.
