Powerhouse EA is a combination of the four EAs of the Responsible Forex Trading company. As per the vendor, it is an advanced automated system that can achieve the methods and mechanics that is not possible with other expert advisors in the market. The settings for each of the strategies are simplified making it easy to install and use. This FX EA is available for use on the MT5 platform.
The highlights of Powerhouse EA
Here are some features that according to the developer set the FX robot apart in the market:
The FX robot uses effective and protective SL levels that can be customized by the user. The market filters in the robot help to keep the different strategies working seamlessly ensuring high profits and low drawdown.
Generates up to 5% to 8% of monthly profit
The FX EA has three types of settings for trading namely the high risk, medium risk, and low risk. With the high-risk default setting of the system, the vendor assures a monthly profit ranging from 5% to 8%.
Easy setup and install
You need just a single file to set up and run the FX robot. The setup is simple and can be completed easily with the detailed user guide and the installation video. The settings are flexible allowing users to choose low, medium, or high-risk modes.
Trading strategy of Powerhouse EA
This FX EA uses the strategies of the Ranger, The Comeback Kid, Gopher, and Vigorous EAs. Each of the strategies has a few settings enabling easy use of the methods. It can also cross pair to generate high profits. The function allows each strategy to work actively and with each other to ensure high returns and less drawdown.
The vendor does not provide backtesting results for this FX EA. Instead, the backtests for the individual EAs that combine to make this EA are provided. The lack of a backtesting report makes it difficult to assess the efficacy of the approach.
Trading results in real-time
A demo USD account verified by the myfxbook site is present for the FX EA. The account using the Trader’s Way broker and the leverage of 1:200 on the MT5 platform is shown here:
From the results, we find that a total gain of 35.34% is present for the account with a daily profit of 0.19% and a monthly profit of 5.97%. The drawdown for the account is 12.50%. For an initial deposit of $5000, the account that started in December 2021, has completed a total of 2351 trades with 60% profitability. The profit factor is 1.96. From the trading history, we can see different lot sizes are used ranging from 0.01 to 0.05. While the drawdown is low, the varying and big lot sizes indicated a risky approach. Further, this is a demo account and not a real trading account so the results may not be the same as real trading.
Powerhouse EA price
You can purchase this FX EA for $497. The package includes the auto trading portion of all four RFT EAs, a PDF manual for installation and setting, and free updates and support. A 30-day money-back guarantee is present for the product. When compared to the market average, we find the pricing is expensive.
For support, an email address and FAQ section are present. Links to YouTube and Discord are also present for contact.
Are traders happy with Powerhouse EA?
Unfortunately, we could not find reviews for this FX EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. However, we found reviews for the Responsible Forex Trading company on Trustpilot. There are 23 reviews with a rating of 4.6/5. Here are a few of the reviews:
As per the feedback, the products of the company are consistently profitable. The users also commend the company for offering regular updates and good support.
Powerhouse EAPowerhouse EA
Customer Testimonials3/5 Neutral
- The FX EA uses a combination of strategies
- Verified demo trading results
- Expensive pricing
- No real account trading results present
- Big lot sizes used in demo trading