Today I’m looking at a new Forex expert advisor that’s built on a weird new trading pattern that’s apparently doubled the vendors trading account in almost 5 months, Fluid Trader. According to the sales page, traders can use a “simple pattern to triple or even quadruple” their trading accounts in less than 12 months. This sounds like an exorbitant claim, so I’ll do everything in my power to analyze all the details and give you a final conclusion.
It is unknown in the exact developer of the system is, but there are several names and products that have come from this vendor in the past. I’ll go over some of these different products throughout the review, to help provide insight. There is no address provided for their head offices, but traders can contact support via firstname.lastname@example.org.
Fluid Trader Review
The first thing we see on the Fluid Trader EA long-form sales page is a YouTube video uploaded by Lance Hunter. So now we have a developer name, but I get more into the later. Lance tells traders that with his product they can “learn the easiest way to make a fortune of money as a trader.”
The developers believe that they’ve found patterns in less utilized pairs that are more consistent and predictable. They tell us that focusing on AUDUSD, and USDCHF have allowed them to take advantage of pairs that are less volatile and easier to build an automated strategy around. To be more specific, the strategy trades these pairs because they frequently “have a price action that is predominately sideways moving over larger time frames.” Thus, the EA takes advantage of the “price actions large mean reversion component to predict the future behavior of the currency.”
I do appreciate that they are providing a closer look at the trading strategy, as most trading robots do not.
- Type: Forex EA
- Price: $347/license
- Strategy: Price Action
- Timeframe: M5
- Pairs: AUDUSD, USDCHF
At $347 license this is not a cheap proposition, and it’s in higher range of pricing when it comes to Forex robot trading in general. This type of pricing is common for this development team, so use that as a segue to take a look at their history of the Forex marketplace.
Lance Hunter Development Team
For this product, the developer is named Lance Hunter, but that is not always the name used by this vendor, as they are associated with many products. Here are some of the Forex trading systems hosted on the same server as the Fluid Trader EA.
Some my readers also believe that the creator of the systems goes by the name of Doug Price who’s created the RevTraderPro, ChannelTraderPro, PivotTraderPro and Vortex Trader. If this is the case, this vendor is releasing a lot of trading products.
Now, let’s get back to the product at hand, the Fluid Trader. The vendor is currently providing us with a couple of back tests and two Myfxbook accounts. The demo account has been running since October 2016, it shows a gain of over 237% with a drawdown of 35%.
The real account, has been running since late May 2017, and has gained over 40% with a minimal drawdown of 4% over 4 and a half months of trading. It seems that this account is using a lower risk profile, or just hasn’t and run into any issues during its short sample size.
The way the software trades, makes it come across as a scalping system. The majority of the trades are very small with the average win being 5 pips, and the average loss being 8 pips. This isn’t a bad risk reward ratio, but the developers do not mention scalping anywhere in the strategic outline of the software.
Both accounts are with the MEX Exchange broker, I have no experience with them to this point.
As this is the first review anyone’s done for the Fluid Trader, it’s still too early to come to a final conclusion. Some of the past experiences with the other products from this development group haven’t been very positive, but that doesn’t mean that we are going to have the same experience this time around. It’s important that we follow the trading results, and get real user feedback that we can use to come to a final decision.
With that being said, please leave comments with your experiences and thoughts on any of these products. Thank you in advance.