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Forex Expert AdvisorsReviews

The Fund Trader Review: Is This Forex Robot Profitable or Not?

by manager91 05/20/2022
05/20/2022

The Fund Trader promises to earn high-yield returns for traders using 18 different currency pairs, Gold included. As per the vendor, the EA also refrains from using dangerous strategies like martingale, grid, or hedging. This serves to reduce trading risks and losses. The system has been around for 5+ years now, and  is currently available at $297 if paid quarterly or $597 annually.

Is The Fund Trader Pro good?

The EA comes with some interesting features, including recommendations, free updates, a refund policy, etc. Still, its price is high and may trade dangerously in the live market, putting your investment at an increased risk of loss.

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Features of The Fund Trader

Trading TerminalsMT4
StrategyTechnical and fundamental analyses, Semi-automated/multi-phase software
TimeframeN/A
Price$297/quarterly or $597/year
Money Refund30 days
Recommended Deposit$500
Recommended LeverageN/A
Money managementN/A
Customer reviewsN/A

Some of the other features of the EA are listed below:

  • It provides customer support and free updates.
  • The system includes good recommendations.
  • It is fully automated and easy to use.

What strategy does The Fund Trader use?

This EA is claimed to implement a dualistic approach to the markets. It begins by evaluating the technical and fundamental levels of every supported currency pair in the market. The goal is to ascertain the direction of trades and suitable entry points. After completing the first process, proprietary, semi-automated/multi-phase software is employed to monitor and apply a predefined exit for every order. An average trade can last between 5 and 24 hours.  

Backtesting vs live trading results

There are no backtest results to show us how the system behaves on historical data. It is possible that the developer didn’t backtest his strategy before launching it to the market. 

Lucky for us, live trading statistics are available on Myfxbook. Let’s see the outcomes it generates here:

Live trading data on Myfxbook

At the moment, The Fund Trader is managing a real USD account on Myfxbook. It started off with a balance of $45000, which has grown to $62096.36 following the $17096.36 profit made by the EA. The daily and monthly profits are 0.33% and 10.33%, respectively. Trading risks are very high as 98.14% of the capital has been decimated. 

Performance of trades

The system has conducted 132 trades in the 1+ year it has traded live. Clearly, it doesn’t place orders regularly. As such, it can hold a position for up to 4 days. The success rates for the long (81%) and the short (92%) positions are quite good, and so is the profit factor of 8.55. However, the average win (53.39 pips) is lesser than the average loss (-84.42 pips). 

Monthly gains

March and April had the highest profitability rates. 

Risk of ruin

The account is still safe from being wiped out. 

Weekly trades

Tuesday and Wednesday are among the busiest periods of the week. 

The core team

The Fund Trader was developed by Gordon Francis. He is a full-time trader and an employee at the LeapFX Company, which has also produced EAs like DynaScalp, Funnel Trader, Stealth Trader, Automic Trader, etc. Mr. Gordon was formerly employed by a Forex proprietary firm based in London. He claims to have made the firm millions of dollars before leaving.   

End notes

End notes

You don’t need to have advanced trading skills to use this bot. After you attach it to your MT4 account, it will do all the trading without your involvement. If you are not satisfied with the outcomes generated, you are free to ask for a refund. Unfortunately, the EA doesn’t trade frequently and can produce a high drawdown over time. This may eat into your earnings, making your time in Forex unproductive.

InvestGrail
  • Yield
    4
  • Reliability
    5
  • Trading approach
    5
  • Consistency
    3
  • Customer support
    4
The Goods
  • Live trading stats are present
  • Offers a 30-day refund policy
  • Beginner-friendly
The Bads
  • Massive drawdown
  • No customer feedback
  • Backtest results are missing
  • Infrequent trading
4.2 2.1 5
Average Score
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