Powerhouse EA works with thirteen major symbols by using a combination of 4 different strategies. According to the vendor’s claims, the expert advisor can generate a 5-8% of average monthly profit, it has been profitable for four months, and places 15 trades/day on average.
The robot comes with a couple of default set files which can be used to define the risk ratio. The author is clear on the refund policy but doesn’t provide a good insight into the strategic game plan of the system. Our review will help the investors know if it’s a good decision to trust the service provider and invest in his product.
What is Powerhouse EA?
Powerhouse EA comes with the following features:
- The EA trades on the Metatrader 5 platform.
- It comes with a user manual.
- The software is 100% automatic and doesn’t require any human intervention.
- The robot can support all types of accounts.
- The expert advisor is compatible with thirteen symbols.
- A vendor provides free updates and a 30-days money-back guarantee.
Official Powerhouse EA website
Powerhouse EA is available on the official website of Responsible Forex Trading, with four more expert advisors listed for sale, including Ranger EA, The Comeback Kid EA, Vigorous EA, and Copier. Reasonable Forex Trading is the parent company, and Ryan Brown is said to be the developer of this EA. The vendors disclosed no details about their biography, company’s whereabouts, team members, certifications to claim their expertise in the Forex market, etc. The only way to contact them is through email and an online fill-in form present on the official website.
How can we use Powerhouse EA?
Powerhouse EA can be used by following the following steps:
- Buy the expert advisor from the developer’s website
- Download the robot files on your computer
- Open Metatrader 5 on your PC
- Drag the downloaded EA files into the charts section and enable auto-trading
Pricing & refund
Powerhouse EA comes with a price tag of $497 for a one-time payment. The purchase plan includes the MT5 version of the robot, the user manual, free updates and upgrades, and service support. The developer applies a one-month refund policy, but the overall features are low, and the asking price is high compared to other algorithms available.
The algorithm uses cross-currency/ EA collaboration and comes with low/high-risk settings. Traders require at least $5000 to use the algorithm; however, it will add risk to your portfolio. From Myfxbook records, we observe the use of arithmetic martingale strategy. The algorithm is the most active between 8-9 AM.
The vendor fails to provide any backtesting records which can be used to know the historical performance of the robot on past data. However, some pictures of individual backtesting stats and a link to download all of them are present on the developer’s website. Still, it keeps you directed towards the checkout section upon clicking.
The verified live trading stats of the expert advisor are available on Myfxbook. The system started working on Dec 2021 and has been live till the current date. The EA showed a total gain of +35.08%, with a profit factor of 1.95. Powerhouse EA participated in 2324 trades, out of which 1397 were profitable. The balance of the expert advisor stands at $6753.76, and the profit at $1753.76.
The most trades were placed in the EURUSD symbol at a total of 586. The drawdown of the robot is at 12.50%, which is average, but the use of grid strategy by a robot cannot be unseen because of its risky approach.
What are the real customers saying about Powerhouse EA?
No reviews were found on any independent third-party website, but around 23 testimonies are present on Trustpilot, with 4.6/5. One of the investors gave his feedback by admiring the services provided by the vendor.
The overall image of the developer seems satisfactory, but the absence of customer comments about Powerhouse EA exhibits the lack of popularity among traders.
Summary: is Powerhouse EA a trustworthy robot?Powerhouse EA
Trading results3/5 Neutral
- 30-days money-back guarantee
- Vendor Transparency
- Absence of trader testimonies
- Expensive price tag
- No backtesting data
- The short period of live records