Review Visit site

Updated: Oct 7, 2019
Lance Hunter, Formerly
4.265 · 3 REVIEWS
Is this your company?


The FunnelTrader MT4 EA is a forex expert advisor. The Funnel Trader automated forex trading software for the MetaTrader platform had been forward tested on a live account by Forex Peace Army. The forex robot places trades for you.

Performance tests

StatusAccountProductP/L Weekly,%Weeks testedP/L Gross,%
Funnel Trader+0.56207.7+218.532

Performance results may be delayed. Please click the test to see detailed current report.

Live discussion

Join live discussion of on our forum

Go to forums


Your company video here? Contact ad sales

4.265 · 3 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Consumer Reviews

Jan 8, 2017,
Registered user

Great EA for any balance over 3k

Strong! Very good performance since I started. Yes, I get scared when I see the $1k+ draw down but the forex market always retraces. I use IC Markets because they allow free credit card deposit and withdrawal. That way I can deposit money when DD gets big and just refund my credit card before the bill even comes due. Never had a time when it went over the .13 lot size.

Sep 18, 2016 - 5 Stars Now that I've had this robot for over a month, I still give it 5 stars as it has shown consistent profit for me. The only issue is my drawdown was over $1400 at one point. However, I was using the minimum amount account size for the settings which is 3000 to 30000. My one complaint is it does not work well with other robots on the same account. The consistency more than makes up for it though.

I would love to see a hedging version. If it would open a separate basket of currencies in the opposite positions that would be interesting.

I am concerned how long will a system like this remain profitable? I can't see robots remaining profitable forever. That's why it is soooo important to learn for yourself and not trust any robot to earn your income. I have finally found 3 robots I can count on for now but I believe I can only count on all 3 of them for a few years.

Aug 22, 2016 - 5 Stars As I'm learning how to trade and before I make anymore trades myself on my real account, I searched for a robot to trade for me in the meantime that is profitable and I think i found the best one for the money (about $500). I've had this EA for over a week now and it's been trading as advertised and extremely great support. It's a fairly unique system that trades the same 5 pairs simultaneously, over and over profitably. It will buy 2 USD pairs and sell two other USD pairs that have a strong correlation to each other. The one pair that is not a usd pair is EUR/JPY but that tends to follow usd/JPY so those pairs are always bought or sold together. If you think about, it, that's a very good strategy even for manual trading. What makes the ea work well because if the market goes against you, the ea places another order at the support/resistance areas so it will then hopefully retrace and take profit. If that goes against you, then it will try again with a larger lot size. It goes up in lot size slowly as it does this. .01, .01, .02, .03, .05, etc (unless you change the default lot sizes). I like the fact that it is default to start with the smallest lot sizes because it makes it very conservative. If it fails, it will order the next round of 5 pairs at the bigger lot size but at that point, usually 3/5 of the first order is generally getting close to being profitable. When it becomes profitable overall, the ea then closes all trades, winning and losing, and starts over with 5 pairs of .01 lot size. I've read that this is martingale but I disagree. Martingale is when you double up on your last lot size to make up for the loss. Although the ea does go up in lot size, it is still using the original trades to make a profit. The way this ea trades, it does not make mathematical sense that it could ruin an account like martingale could. Doing the math with the 15 min chart, under semi extreme market conditions, it would go to a $200 drawdown at worst. With an even more extreme market like Brexit, it still did fine. I'm comfortable with that. I've used others that are much worse and destroyed my account on 2 trades (gps "eh hem" forex robot).

The kicker for me was the fact that the seller Lance will give investor access to the account he has been running the system on since February. I look at it compared to mine and it's exactly the same trades. Since the ea trades until it's profitable, you will never have any losers. I looked back into Lance's history and the largest lot size I saw it had to go up to was .13. Very conservative and profitable. 3k+ profit in 6 months is great! This looks like it can be done with a $1000 account but he recommends $3000. I'm using $1500 and so far so good. Last week it went to .05 lot size once but all other trades closed out at the .03 level or less. I'd give more stars if i could. My only issue is if this continues to earn 10℅+ each month then it will make me lazy!
Toronto, Canada,
Dec 15, 2016,

Another flop

I subscribed to the EA and ran it for 3 months, the EA was profitable until big events. The developer emailed to users to shut it down a week or so before the big events, but since the EAs was running full strength and in draw down phase, I had no choice but close all positions at a loss. I loss $350+ in my $3K account. The EA slowly rebuild the loss and made it up in 1 month.

Because of the nature of the grid + Martingale system, most of the time the EA is in draw down phase, adding positions until the market makes a turn and it recoups all the losses plus profit. It is certainly not for the weak minded, plus require deep pocket.

Then 2 weeks ago due to the Italy issue the developer again emailed us to close positions before the Sunday referendum. The EA was again in its Draw Down phase of -$1500, so I waited, so did the developer. After Italy referendum the DD narrowed to -$400,. then without warning, the developer suddenly cut all losing positions, and the EA started a new cycle. I did not follow, I thought it would go back to "normal". it did not. It continued to grind back to DD of -$1500. I combined my another $5K AC added to top up my account to $8K, hopefully to weather the storm.
Then came FOMC, the DD jumped to $ 2.5K, then when it reached my thrusthold of -$3K DD, I closed all positions and removed the EA. I ended up losing $2,5K plus the $500 subscription fee.

What I don't like the EA is that it requires human interpretation, and you must close all positions before big events, most of the time in a loss, in order to avoid bigger losses if you don't. In my case, I loss $3K - $400 profit made in 2.5 months.

Even if I closed all losing positions (-$400) when the DD narrowed on Monday, it still wiped out all 2.5 month's profit.

So what you see from the live account is not you get, and you don't know the fact behind it. I watched the live account for 3 months before subscribing, but the developer never told watcher that you need to use your judgement to close all trades (almost always in losses) before the big events.

I learnt another hard lesson. Although using a different name, I also learnt that the developer is actually the same one as 2 products that have -ve reviews all over the internet.
  1 trader has found this review helpful
Marbella, Spain,
Oct 12, 2016,
Registered user

Solid work

Solid and consistent profits. Using this EA since beginning of July, profit has been created up to 12% in a 10k EUR account. No need to switch it off during high volatility events such as FEDs, NFPs etc. Five stars deserved.