Red Horse EA is a robot for making profits completely automatically on Forex. The presentation provides us with information that the system was designed to work with Gold. The advisor works with a medium-risky strategy that places several orders to close a grid of orders for profits.
The system can be only rented out. The subscription costs $59 for a single month. We can rent it out for $495 for a year. There’s a conservative period of a refund policy of 14 days.
Red Horse Robot trading strategy
The system applies a Grid of orders strategy to place more orders on the market and make more profits as results. So, it requires several times more margin to work well.
Red Horse Robot features
We have some details about the system explained.
- The robot can cover us with executing orders on our terminal completely automatically.
- We can work with a price action strategy to make profits from the market moves.
- An average win rate can be as high as 85%.
- We can work on any time frame.
- It includes some scalping features on the board.
- It has to work stable on our account without a problem.
- The system performs absolutely the same trades that the robot performs on the developers’ profile.
- It works with the data from fundamental and technical indicators.
- We can work only on the MT4 platform.
- The system trades only XAUUSD.
- There’s money and risk-management applied.
- We can work with a single real and demo account license.
- Monthly profitability can vary from 12% to 23%.
- The system needs at least $1000 to start trading on our account.
- We should work on the M5 time frame only.
- It supports Standard and ECN accounts. Micro and Mini aren’t supported.
- We may work with 1:500 leverage. It’s common advice.
- It’s possible to get ready to trade within several minutes.
- The robot doesn’t require us to have relevant trading experience.
Red Horse Robot backtesting results
The presentation doesn’t include backtest reports that would show that the robot was tested properly. It’s also important for us to understand what results the system could achieve.
Red Horse Robot live trading results
We have Red Horse Robot running a demo USD account. The broker was chosen as TickMill. It tardes on the market automatically with leverage of 1:500 on MT4. The account has a verified track record. It was created on November 15, 2021, and deposited at $1,000. Since then, the absolute gain amounted to 28.69% only. An average monthly gain is 6.31%. The maximum drawdown is 19.85%. There are 38 investors who track the trading results.
There were 499 orders executed. The system has generated 13,033 pips. An average win is 186.64 pips when an average loss is -429.52 pips. It works with an accuracy rate of 73-74%. An average trade length is 4 hours and 29 minutes. The profit factor is 1.38.
The system works with the Gold only. We’d like to note that the long trading direction is twice more profitable than the short one.
The robot works with moderate risks to the balance. The system has to lose 22 orders to lose 10% of the balance.
As mentioned, the advisor works with a Grid of several orders with Martingale when needed.
Red Horse Robot is going to lose March 2022 after the same result in February.
Red Horse Robot reputation
The developers have deployed a profile on Forex Peace Army. We have only two testimonials written and no trading accounts connected.
The former clients warned us from using the robots from Sinry Advice. They claim that the customer support isn’t good and the trading results are horrible.
Red Horse Robot review summary
- Strategy – score (5/10)
- Functionality & Features – score (4/10)
- Trading Results – score (4/10)
- Reliability – score (4/10)
- Pricing – score (3/10)
Red Horse Robot is a trading solution that works with Gold on a demo account. This means that developers cannot care about trading results and profitability. The system has a Grid of orders and Martingale strategies on the board. Its trading results showed that the robot has huge problems with being consistently profitable. We have some negative testimonials written about people’s experience with using this system.
