Red Horse EA Review

Red Horse EA is a trading tool that mainly works on the XAUUSD currency pair. It is unique from other systems in that it is not fully automated. All users are linked to one major trading system that is under the control of the vendor’s professional traders. This system they talk of conducts trades based on a certain strategy while allowing the trader to set the drawdown, time, and trading days. According to the devs, this approach will ensure that Red Horse doesn’t blow up your account, being that they monitor and regulate its activities at all times. 

Detailed Forex robot review

We have highlighted the features of the bot below:

• It only works on the XAUUSD currency pair.
• It is capable of assessing technical and fundamental news.
• Money and risk management systems are included.
• The anticipated monthly profit is 12%-23%, while the maximum drawdown limit is 9.7%.
• A customizable news filter is provided.
• The system works on the MT4 terminal and is compatible with an ECN or standard account type.
• The minimum recommended deposit is $1000.
• Using a VPS and ensuring the EA is online 24/7 enhances its performance.
• Account leverage should be more than 1:500.

Sinry Advice is the author of this product. The company comprises a full-time team of Forex developers and traders whose goal is to grow your portfolio. It purports to develop the highest quality of Forex trading EAs and indicators for your trading journey.  

Red Horse EA strategy tests

The system is claimed to work on market price utilizing a top-bottom strategy that is volume and volatility-based. It also works with an intelligent signal to place a buy/sell order. The vendor says that the EA’s signal system is able to comprehend up to 85% of market views.

On another note, the robot’s grid is activated whenever the market goes past the price order. Multiple scalping systems are available as well. In essence, they allow the EA to conduct three kinds of trading simultaneously. You need to be aware that Red Horse doesn’t depend on any type of time session. 

The vendor hasn’t shared the backtest results for this bot. Consequently, we cannot determine how it performs on historical data. 

Live account trading results

The above account was launched in November 2021 and deposited at $1000. On average, the EA makes a monthly profit of 6.31% for it. Accumulatively, an income of $285.45 has been realized. Now, the overall balance stands at $1285.45. The drawdown is 19.85% and means that Red Horse has not been trading dangerously to date. 

We have 498 executed trades with an average trade length of 4h 30m. Average win rates for long (73%) and short positions (74%) have been achieved. Unfortunately, the system is likely to end up with more losses than wins. This explains why the average loss (-429.52 pips) is higher than the average win (186.74 pips). The profit factor is 1.38. 

Many of the trades generated small profit amounts. Take profit targets were attached to all orders. 

January was the only profitable month. Both February and March have reported losses. 

Pricing

Monthly and yearly plans for the EA are available at $59 and $495.9, respectively. Each pack affords you 2 account license keys—1 for a real account and 1 for a demo one. You can only activate a single account at a time. A 14-day refund policy is available. Unfortunately, this is such a short period to determine the profitability of a system. Other vendors normally provide a money-back guarantee of 30 days or more. 

Customer reviews

We could not find any information that relates to this bot among the many testimonials customers have written about the vendor’s products on Trustpilot. Therefore, we cannot say for sure if the live results we have seen can be reproduced on traders’ accounts or not.