Hippo Trader Pro Review: Things to Consider Before Investing

Hippo Trader Pro

Hippo Trader Pro is an MT5 tool that uses the trend-following trading approach. It works mainly during the European and Asian market sessions. As per the developer, Michela Russo, this EA has undergone stress tests for 17 years and has shown a good profit to drawdown ratio. Russo is from Italy and as per the MQL5 profile info, has two years of experience. The developer has created 6 products and 14 signals. Some of the products include Turtle Scalper Pro, Spider Crazy Pro, Squirrel Trader, and more. 

The highlights of Hippo Trader Pro

As a FIFO compliant EA, the developer claims that this expert advisor works well regardless of the market conditions. Here are some features that the developer assures that make it stand apart from its competitors:

Money management

According to the developer, money management takes care of 50% of the work. The notable features in this regard include the presence of a stop loss that is set for $1000 for each lot size of 0.01. An elaborate list of settings is present which includes lot management, magic number, spread, entry and exit order, TP, micro-lot, and more. 

Accurate backtests

The developer claims that the backtesting done for 17 years shows a good result as they are of maximum accuracy. He mentions that the results reveal a high profit and that the profits are not affected by unexpected market news.

High profit to drawdown ratio

One of the features the developer focuses on is the beneficial profit to drawdown ratio. This EA avoids using obsolete indicators and instead uses the trend-based approach to ensure the risks are low and profits remain high.

The developer does not reveal much info on the features or the functionality of this EA. From the info present, we can see that the main focus is on the backtests and default settings. While the default settings show a cautious approach, the backtesting results do not show the EA in good light.

Trading strategy of Hippo Trader Pro

Strategy and features of Hippo Trader Pro
Strategy and features of Hippo Trader Pro

This EA works by looking for the main trend and executes orders using the volatility filter and trend patterns, which help predict the future trend. For trend identification, the ATS uses the Relative Vigor Index Oscillator. There is no further explanation of the trading approach which makes us suspect the reliability of this EA.

Backtesting reports

Backtesting report for Hippo Trader Pro
Backtesting report for Hippo Trader Pro

A few backtesting reports are present on the MQL5 site. One of the strategy tester reports is shown above. From the test report, we can see the testing done for EURUSD on the M1 timeframe from 2003 up to 2021 reveals a total profit of 10,268,484.33 from 8644 trades. The profitability was 77% and the maximum drawdown was 2.60%. Although the profits were high, it does not imply that a similar result can occur with real-time trading.

Trading results in real-time

Here is a demo EUR account for this FX EA using the IC Markets broker and the leverage of 1:500 on the MT4 platform. 

Growth curve showing performance of Hippo Trader Pro
Growth curve showing performance of Hippo Trader Pro
Advanced trading stats for Hippo Trader Pro
Advanced trading stats for Hippo Trader Pro

From the trading stats, we see a total profit of 20.32% and a similar value for the absolute profit. A daily and monthly profit of 0.205 and 6.34% respectively are present. The drawdown value is 26.28%. 

For deposits of EUR 10,000, the account started in June 2021, has completed 115 trades with a profitability of 69% and a profit factor of 2.50. From the trading history, it is clear that varying lot sizes are used ranging from 0.11 up to 0.80. The big lot size and high drawdown indicate this EA uses a risky approach which is the reason for the low profits. 

Hippo Trader Pro price

Pricing of Hippo Trader Pro
Pricing of Hippo Trader Pro

To buy this EA, you need to shell out $299. Rental options are also present for this FX EA costing $199 for a one-month rental and $269 for three months. We could not find a money-back guarantee for this product. The expensive price and lack of refund make this product unreliable.

Customer support

We could not find a location address or phone number for contacting the vendor. A telegram channel link and messaging via the MQL5 site are the main methods available for contacting support.

Are traders happy with Hippo Trader Pro?

A few user reviews are present on the MQL5 site for this EA. Since this product is promoted by the site, the chances of the reviews being manipulated are high. We could not find user feedback on the reputed sites like Forexpeacearmy and Trustpilot. The absence makes us suspect this is not a popular system.

Hippo Trader Pro

Hippo Trader Pro
3 5 0 1
Hippo Trader Pro claims to provide a high profit and low drawdown benefit. Our analysis exposes the claims are false. The strategy and performance are ineffective as seen from the demo account results. Furthermore, the price is expensive and does not have a refund offer. We find this is not a trustworthy EA.
Hippo Trader Pro claims to provide a high profit and low drawdown benefit. Our analysis exposes the claims are false. The strategy and performance are ineffective as seen from the demo account results. Furthermore, the price is expensive and does not have a refund offer. We find this is not a trustworthy EA.
3/5
Total Score
  • Profitability
    3/5 Neutral
  • Strategy
    3/5 Neutral
  • Reliability
    3/5 Neutral
  • Price
    3/5 Neutral
  • Customer Testimonials
    2/5 Bad

Advantages

  • Fully automated software
  • Verified demo results

Disadvantages

  • No explanation of the trading approach
  • No real live account results
  • High drawdown and low profits in the demo account
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