Check out my blacktest report from 01 May - 31 May 2025.
Compatibility: It trades EURUSD and GBPUSD on the M5 timeframe, aligning with your focus on these pairs.
Minimum Deposit: It requires a minimum of $1,000, but a cent account can be used with just $10, making it accessible for a $500 deposit if you opt for a cent account.
Low-Risk Features: It uses a volatility breakout strategy with stop-loss settings to protect capital, emphasizing risk management. It avoids aggressive methods, fitting your “no stupid trading” requirement .
Profitability: While a 40% monthly return is high for a low-risk EA, Forex Trend Detector has a reported 60% success rate and allows customization of risk parameters. You may need to adjust settings to aim for higher returns, but this increases risk (BestForexEas). More conservative settings might yield 5-10% monthly, requiring you to scale up risk slightly to approach your $200 target.
Backtesting: The EA has been tested with recent data, though specific backtests up to June 2025 aren’t available. Its performance is verified on platforms like Myfxbook, showing consistent results
Cost: Priced at $180 it fits within a reasonable budget for your deposit size