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Overview
HFT Pro MT5, developed by Conor Stephenson, is a High Frequency Trading (HFT) Expert Advisor designed to leverage price action and a complex management of pending orders with tight stop losses to achieve constant equity growth. This article aims to provide an in-depth analysis of this trading system, evaluating its reliability and offering useful advice for potential users.
Key Features
HFT Pro MT5 is specifically designed to help traders pass the evaluation stage of prop firms that allow the use of HFT. The system opens and closes trades within seconds, aiming for quick profits and minimal losses.
- Utilizes price action and tight stop losses for risk management.
- Designed for prop firm evaluations.
- Offers setup advice and a free Expert Advisor upon purchase.
For further interactions, users are encouraged to join the group chat available at this link.
User Reviews and Ratings
The overall rating of HFT Pro MT5 is 2.43, based on multiple user reviews. Here are some of the feedback highlights:
- Miko (Rating: 5) – “For PROP firms ONLY”
- Abdul Salam Basit (Rating: 1) – “Best Avoid this EA. The seller is upselling items and behaves like a scam. I have lost 50% of my capital on my first demo run.”
- Pawas Kumar (Rating: 1) – “This EA does not work, fake EA, money waste.”
- Robert Schmolinski (Rating: 1) – “Scrap!”
- Developer Bot (Rating: 1) – “Extremely disappointed, the robot does not validate prop firms, and the developer is unhelpful.”
Reliability Assessment
Based on user reviews, it appears that the reliability of HFT Pro MT5 is questionable. Many users have reported significant losses and issues with the developer’s customer support. While one user found it useful for prop firms, the majority expressed dissatisfaction.
Advice for Potential Users
Before investing in HFT Pro MT5, consider the following tips:
- Start with a Demo Account: Test the system on a demo account to understand its functionality and potential risks.
- Read User Reviews: Pay attention to the feedback from other users to gauge the system’s performance and reliability.
- Seek Alternative Opinions: Visit forums and websites like Forexroboteasy.com and Easytradingforum.com to see trading results and download example source codes.
Conclusion
While HFT Pro MT5 offers some promising features, its overall reliability is questionable based on user feedback. Potential users are advised to proceed with caution, thoroughly test the system on a demo account, and seek additional opinions before making a financial commitment.
forexroboteasy.com
1 review
I attempted to apply the HFT Pro MT5 on my ICM broker's demo account, experimenting with both the default and custom settings, but to no avail. The system failed to generate any profit. However, I noticed that the MT4 version of this trading system functions well. I hope the developers can address this issue soon.