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Powerhouse EA Review: Is It a Reliable ATS?

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Powerhouse EA

Powerhouse EA is a Forex expert advisor that is compatible with the Metatrader 5 trading platform. It is a combination of four EAs from the same developer, namely The Comeback Kid, Gopher, Vigorous, and Ranger. As per the vendor’s claims, it is one of the most advanced automated trading systems available to retail traders. They also claim that the robot has had four consecutive profitable months.

This robot is a product from Responsible Forex Trading. The person behind this website is Ryan Brown, an American trader who has been developing Forex robots for several years. We don’t have a physical address for the company headquarters. Other robots from this developer include the EAs that constitute this system.

According to the developer, you can get a 5-8% monthly profit with this EA, provided you stick to the default settings and start with a deposit of $5k. It is designed for passive traders and includes the auto trading portion of all four RFT EAs. Using the four strategies, you can trade in 13 currency pairs simultaneously.

The robot has smart filters that keep all the strategies working together. This is a flexible system that can work with low, medium, and high-risk settings. It uses protective stop-losses that you can customize as per your requirements. The installation process for this system is quite simple. When you purchase the robot, you get access to a PDF manual that includes settings and installation videos.

While using the high-risk preset, you need to make a minimum deposit of $5k and trade with 200:1. For medium risk, the recommended deposit and leverage are $10k and 100:1, respectively. While trading with low risk, you can start with a $20k deposit and 50:1 leverage.

Powerhouse EA strategies and currency pairs

Unfortunately, the vendor has not clearly explained the trading strategy behind this EA. Apart from running 4 EAs in one place, it can also take profit through cross-pairing. This lets each strategy shine and work together for more profit and less drawdown.

On the official website, you can find a link for downloading the backtesting results of the EA. However, here we only have the individual backtesting results for the component EAs. There are no consolidated test results for Powerhouse EA, and this makes it difficult for us to gauge its profitability.

Powerhouse EA trading statistics

Growth chart of Powerhouse EA on Myfxbook

Growth chart of Powerhouse EA on Myfxbook

Here we have a demo trading account that was launched on December 14, 2021. It conducts its traders through the Trader’s Way brokerage while using 1:200 leverage. To date, the robot has placed 1921 trades, winning 59% of them and generating a profit of $1,533.52. The win rate is not that high compared to other systems, but the profit factor is quite decent at 1.97.

Currently, the daily and monthly win rates for this account are 0.20% and 6.20%, respectively. The drawdown of 12.50% is not too high and can be considered suitable for trading. This account has a time-weighted return of 30.68%.

Trading results of Powerhouse EA on Myfxbook

Trading results of Powerhouse EA on Myfxbook

As you can see, the EA conducts multiple trades on a daily basis. For the last 20 trades, it has used a lot size of 0.01-0.05. We can see that the robot occasionally suffers back-to-back losses. On average, it holds an order for 9 hours and 14 minutes. The average win and loss are 9.00 pips/$2.77 and -8.79 pips/-$1.99, respectively.

Pricing and refund

The current price of the Forex EA is $497. This is not cheap by any standards, especially considering the trading history is not too long. The vendor offers a 30-day money-back guarantee for the system.

What else you should know about Powerhouse EA

At this moment, there are no user reviews for this EA on third-party websites like Trustpilot, Forex Peace Army, Quora, and Myfxbook. As such, we don’t have any idea about the first-hand experience of users with this trading system.

Customer support

On the official website, there is an FAQ section containing general information about the EAs. If you require assistance, you can contact the support team at the email address provided.

Powerhouse EA Conclusion

4.6

Powerhouse EA has so far managed to maintain a steady monthly profit, but the results are based on short trading history. The win rate is not that high and the EA is prone to suffering consecutive losses. We don't have the historical test results and the price is not too cheap compared to other expert advisors.

  • Price – 4/10
  • Strategy – 5/10
  • Trading Results – 5/10
  • Vendor Transparency – 5/10
  • Customer Reviews – 4/10
  • Support – 5/10

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