Powerhouse EA is an expert advisor that belongs to the Responsible Forex Trading company. It has an average reputation among Forex-related traders. The core claim is about a possibility to trade on MT5.
We can purchase a copy of the robot for as low as $497. This price is acceptable compared with the similar solutions released on Forex Store or MQL5. There are the following features on the board: support, free updates, and a 30-day refund policy.
Powerhouse EA trading strategy
- It works with Grid and Martingale strategies.
- We can trade 14 cross pairs.
- The time frame wasn’t mentioned.
Powerhouse EA features
The developers provide us with various explanations about the system. We have decided to structure them in the priority order.
- The system can provide us with executing orders completely automatically on the market.
- The syste combines the trading approaches of 4 expert advisors: The Comeback kid, Ranger, Vigorous and Gopher.
- The system is the most advanced trading solution ever built.
- The installation process takes several minutes.
- It requires several customization to be performed.
- It works with a feature that is based on a cross pair take profit.
- This allows us to open orders on three pairs at once and when the profit of 0.1% account balance is reached–it closes all of them.
- So, the drawdowns can be slightly increased as a result.
- We can get started within several minutes after purchasing.
- An average potential monthly profit can be as high as 5-8%, using default settings.
- We can expect that the system opens 15 orders every month.
- To convince us, the system was backtested on the data of 19 years on 14 cross pairs.
- We have several levels of risks.
- The account has to have $5000 on the balance.
- This allows us to trade with 1:200 leverage (using high risk preset), 1:100 (using medium risk preset), and 1:50 (using low risk preset).
Powerhouse EA backtesting results
Powerhouse EA was passed through the testing on AUDUSD. The time frame was H1. Owners decided to run it on the 22-year tick data. The history quality was 95%. The robot has generated $31,325 in total. The profit factor was 2.15 when the recovery factor was 4.71. It has executed 2783 deals traded with 71.86% of the win rate for short and 68.37% for long trading positions.
Powerhouse EA live trading results
The expert advisor manages a real USD account on Trader’s Way. It works with lowered leverage of 1:200. The system received technical indicators data from MT5. The account has a verified track record and verified trading privileges. It was created on December 14, 2021 and deposited at $5,000. Since that time, the total gain has grown to 31.65%. An average monthly gain is 6.08%. The maximum drawdown is 12.50%. It’s acceptable for trading.
There were 2021 orders performed with 3097.2 pips. An average win is 8.99 pips when an average loss is -9.04 pips. Although the profit factor is high and stands at 1.94, the average accuracy rate is 54% and 66% for short and long trading positions. Frankly, it’s not typical to have that difference in accuracy between directions. An average trade length is 8 hours and 53 minutes.
It prefers working with EURUSD, closing 1295 deals and making $571.70.
The robot focuses on trading at the beginning of the European trading session.
The win rate of the most actively traded day (Thursday) is lower than 50%.
It works with low risks to the account balance. There should be 326 deals lost to waste 10% of the account.
Powerhouse EA works with a Grid of orders, adding some Martingale in addition. This is a risky way to make profits on the market.
The robot has been working profitable in 2022 so far.
Powerhouse EA reputation
It’s hard to tell about reputation without people’s testimonials provided. We’d like to note that testimonials can help us to understand the system’ profitability and stability on clients’ accounts.
Powerhouse EA review summary
- Strategy – score (6/10)
- Functionality & Features – score (8/10)
- Trading Results – score (7/10)
- Reliability – score (7/10)
- Pricing – score (6/10)
Powerhouse EA is a robot that can work automatically managing a risky strategy combo of Grid and Martingale. The presentation provides us with general claims about the system possibilities. Trading results show that it can manage various market conditions and be consistently profitable for months.
