Huckster uses artificial intelligence for opening and closing trades profitably. The FX EA works on multiple currency pairs. It is a fully automated expert advisor with a high risk-to-reward ratio. This ATS can work on the MT4 or MT5 platform. According to the developer, the system was formed as a result of many years of experience in coding and trading by a team of professional trades based in Warsaw, Poland.
How Huckster EA works
Jakub Norbert Bogusz is the author of this FX EA. He is based in Poland and has been developing MT4 and MT5 tools since 2014. Jakub has created 6 products and 5 signals in his portfolio. Other products of the developer include Arbor, Gold Baum Pro, and more.
As per the vendor, the key features of the FX robot that make it competitive are:
- It is a fully automated system that is easy to install and use.
- The FX EA uses artificial intelligence for placing the orders.
- EURUSD, EURGBP, EURJPY, EURCAD, EURNZD, EURAUD, and EURCHF are the main currency pairs the system works on.
- It is not broker sensitive and hence you can use it on any broker.
- It is appropriate for prop firms such as FTMO, MFF, etc..
- The FX robot does not use risky approaches such as Grid, Martingale, etc.
- Other than algorithmic trading, the FX EA uses volume indicators and a customized trend approach as additional tools.
- The author recommends a low-spread account such as ECN or RAW.
- A timeframe of H1 is recommended for the FX EA.
- The system can make 10 percent monthly profits.
- It supports hedge accounts only.
As per the author, the robot uses artificial intelligence to execute trades like a professional. It evaluates the market accurately on three different timeframes namely H1, H4, and Daily charts. A smart news filter to secure your capital is also part of the approach. A backtesting result is present on the MQL5 site for the FX EA. Here is a screenshot of the result:
From the above report, we can see the FX EA generated a total net profit of 37,392.58 from an initial deposit of $1000. A total of 2946 trades were executed with profitability of 82.15% and a profit factor of 2.80. A maximum drawdown of 7.08% is present for the account. From the results, it is clear that the system uses a low-risk approach as seen by the low drawdown.
Huckster trading results
A live signal is present for the FX EA on the MQL5 site. The account that started on June 6, 2022 shows 22.75% growth with a profit of $203.81 for an initial deposit of $900. A total of 22 trades were executed with profitability of 95.45% and a profit factor of 4.81. The maximum drawdown is 11.7%.
From the results, we can see that the maximum drawdown is low indicating a low-risk approach. On comparing the backtesting results with the real trading info, we find that the drawdown and profits are similar. However, the sample size is very small making it difficult to assess the trading quality. The small number of trades makes the results random.
Pricing & refund
You can purchase the FX EA for $499. As per the author, the price will soon increase to $999. A free demo account is present. However, the author does not reveal the features provided with the package. No money-back guarantee is present which makes us suspect the reliability of the product. When compared to the price of competitor products on the market, we find the pricing of this FX robot is expensive.
We found 14 reviews for the FX EA on the MQL5 site with a rating of 4.67/5. While the reviews are mostly positive, we could not find feedback from reputed third-party sites such as Forex Peace Army, Trustpilot, etc. to support the reviews. Since the MQL5 site promotes the product, there is a high chance of the feedback being manipulated.
For support, the direct messaging option on the MQL5 site and a Telegram support group are the main methods present.