Powerhouse EA is a trading solution that belongs to the Responsible Forex Trading company. The presentation claims that the system can be used on the MT5 terminal.
Is a Powerhouse EA robot still good to go?
Trading results show that the robot can be useful in some cases. Anyway, the final decision is completely up to you. The developers claim that they have over 15 years of trading experience. However, they do not provide any details to prove that their company is legally registered.
How to start trading with Powerhouse EA
The presentation provides us with various claims and explanations that we are in to systemize.
- A Powerhouse robot is a completely automatic trading solution.
- We can work on the MT5 terminal only.
- The system received four bots behind it.
- They are The Comeback Kid, Ranger EA, Vigorous EA, and Gopher EA.
- It’s the most advanced trading solution.
- We can set the system up easily.
- It’s available for the retail market.
- There should be a few customizations done to get started.
- The system can provide a cross pair take profit.
- It can open orders on three pairs at once and when the profit of 0.1% account balance is reached–it closes all of them.
- The potential drawdowns can be decreased.
- The setup is simple and takes several minutes to proceed.
- We can expect to receive 5-8% monthly with default settings.
- An average trade frequency is 15 deals monthly.
- The system was tested on the 19-year tick data on 14 pairs.
- There are three levels of risks.
- We should have $5000 to work with leverage of 1:200.
A copy of the system is available for $497. The package includes support, free updates, and a 30-day refund policy.
Powerhouse EA backtests
The system was tested on AUDUSD on H1. The data period was from 2000 to 2022. The history quality was 95%. It managed to provide $31,325 of the total net profit. The profit factor was 2.15 when the recovery factor was 4.71. There were 2783 deals traded with 71.86% of the win rate for short and 68.37% for long trading positions.
Trading results
The robot works on a demo account nominated in USD. The broker is Trader’s Way. The system works on the MetaTrader 5 automatically. The account has a verified track record. It was created on December 14, 2021 and deposited at $5,000. Since then, the total gain has become 30.28%. An average monthly gain is 6.30%. The maximum drawdown is 12.50%. It’s a good number.
Powerhouse EA closed 1895 deals with 3069.7 pips. An average win is 8.97 pips when an average loss is -8.71 pips. The win rate for long is 67% when for short it is 53%. An average trade length is 9 hours and 11 minutes. The profit factor is 1.97.
The system works with eight cross pairs. We have only one pair lost–GBPUSD with -$26.48.
Thursday is the most traded day with 629 orders performed and a less than 50% win rate.
The system works with low risks to the balance. There should be 329 deals lost to lose 10% of the balance.
The robot works with Grids of orders. It’s a risky way to trade because of increased Margin requirements. The robot traded with Martingale either.
We may note that all months were closed with profits.
Other notes
The system shows good profitability but works with risky strategies. This means that the system cannot fit the requirements of conservative traders.
People feedback
We have no testimonials provided about how the system works on the clients’ accounts.
Wrapping up
Advantages
- Backtest reports provided
- Trading results showed
- A refund policy applied
Disadvantages
- No team revealed
- No risk advice given
- A Grid of orders and Martingale on the board
- No people testimonials published
Powerhouse EA is a trading advisor that works with the real market making profits under various trading conditions. The presentation includes various information about settings, trading possibilities, and features. We have a refund policy that would let us get our money back if we can’t manage to be profitable with it.
TechBerry
Happy Galaxy
Forex Cyborg
Forex Fury
FXgoodway
Bitsgap
Cryptohopper
Pionex