Red Horse Robot Review: Things to Consider Before Investing

Red Horse Robot

Red Horse EA is a solution that is a part of the SinryAdvice portfolio. The developers have many positive and negative testimonials written about their services on Trustpilot. So, we decided to take a closer look at the system.

The highlights of Red Horse Robot

The presentation includes various details about how the system is going to function in order to be profitable on the market. 

  • We can expect that the system will work completely automatically for us. 
  • No extra effort is needed. 
  • The core strategy is price action. 
  • It places Grids of orders to have even more profits. 
  • So, it will pressure the margin level several times. 
  • Another strategy to work can be acalping. 
  • The robot executed on our account the same trades as on the developers’ account. 
  • The core platform to trade on is MetaTrader 4. 
  • The only pair to work with us Gold. 
  • We can rely on risk management to keep our account profitable. 
  • There’s a single real and demo account license.
  • We can get monthly profits from 12% to 23%. 
  • We should work on a balance that is higher than $1000. 
  • The core time frame is M5.
  • It supports two types of an account: Standard and ECN. 
  • The leverage can be 1:500. 
  • We can get the system ready to go within several minutes. 
  • There are no trading experience requirements available. 

There are the core features of Red Horse Robot:

Automated trading experience

The advisor can provide us with automated trading experience. 

Money management system

It opens and closes orders for us, calculating entry points, lot sizes, etc.

One crosspair trading experience

The robot focuses only on being profitable on Gold.

Trading strategy of Red Horse Robot

  • The system works based on Price Action and Grid of orders strategies.
  • We can work with XAUUSD.
  • It performs orders on the M5 timeframe.

Backtesting reports

We don’t have backtest reports provided. So, we’d like to claim this as a con because we don’t know what results the system could achieve working with the past data. 

Trading results in real time

Red Horse Robot trading results on Myfxbook
Red Horse Robot trading results on Myfxbook

We have a system that was set to work on a Tickmill-based demo account. The robot works automatically, using technical indicators data from MetaTrader 4. The leverage is 1:500. The account has a verified track record. It was created on November 15, 2021, and founded at $1,000. Since that time, its total gain has grown to 36.85%. The peak drawdown was 19.85%. 

Red Horse Robot statistics
Red Horse Robot statistics

The robot closed 584 orders with 18.965 pips. An average win is 186.51 pips when an average loss is -401.43 pips. The win rate is 72% for longs and 74% for shorts. An average trade length is 4 hours and 8 minutes. The profit factor is 1.45. It could be higher, but significant losses in the past decreased it.

Red Horse Robot directions
Red Horse Robot directions

The Longs direction is less traded (248 deals) but it’s more profitable at $250.18.

Red Horse Robot hourly activities
Red Horse Robot hourly activities

The system works equally during the whole day.

Red Horse Robot daily activities
Red Horse Robot daily activities

We have Friday with 51 deals as the least traded day.

Red Horse Robot risks
Red Horse Robot risks

Red Horse Robot works with medium risks to the balance. There should be 26 orders lost to lose 10% of the balance.

Red Horse Robot closed orders
Red Horse Robot closed orders

The robot works with deep stop losses. At the same time, we can note Grids of four orders that requires four times more margin to keep them on the market.

Red Horse Robot monthly profits
Red Horse Robot monthly profits

The advisor lost -10.1% in February. So, it will take much time to recover.

Red Horse Robot price

Red Horse Robot has an offer of $59 for a single copy monthly. The annual subscription costs $495. The refund policy takes two weeks. So, we can give the system a safe try.

Customer support

The developers provide average support, answering questions in bad English within 3-5 hours averagely.

Are traders happy with Red Horse Robot?

There are various opinions but after a huge loss in February 2022 there were many negative testimonials appeared.

People say that Red Horse Robot is …

Sinry Advice’s profile on Forex Peace Army
Sinry Advice’s profile on Forex Peace Army

We have a verified profile of the company on Forex Peace Army. Its rate is 4.1 based on 117 reviews.

Negative trader testimonial on Trustpilot
Negative trader testimonial on Trustpilot
Negative user testimonial on Trustpilot
Negative user testimonial on Trustpilot
Negative user review on Trustpilot
Negative user review on Trustpilot

The negative reviews mentioned huge drawdowns and unprofitability of the solution.

Red Horse Robot

Red Horse Robot
2 5 0 1
Red Horse Robot is a robot that was designed by SinryAdvice to execute orders on Gold. The presentation provides us with a list of features, settings, and important information. From trading results, we know that the system can easily lose half of a deposit within several days. So, we have to wait for upcoming results to see what changes.
Red Horse Robot is a robot that was designed by SinryAdvice to execute orders on Gold. The presentation provides us with a list of features, settings, and important information. From trading results, we know that the system can easily lose half of a deposit within several days. So, we have to wait for upcoming results to see what changes.
2/5
Total Score
  • Profitability
    3/5 Neutral
  • Strategy
    3/5 Neutral
  • Reliability
    2/5 Bad
  • Price
    2/5 Bad
  • Customer Testimonials
    2/5 Bad

Advantages

  • Trading results shared
  • A 14-day refund policy applied
  • An account on Trustpilot created

Disadvantages

  • No team revealed
  • No risk advice given
  • No backtest reports provided
  • No lifetime packages available
  • The robot doesn’t work stable
  • Many negative testimonials written
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