Expert AdvisorsForex

Powerhouse EA Review: Things You Need to Know Before Investing

3 Mins read
4.7

Powerhouse EA is an MT5 trading tool that promises to earn traders 5-8% monthly profits using default settings. It can conduct up to 15 trades per day and comes with flexible settings to reduce confusion and accommodate the needs of low, medium, and high-risk traders. According to the vendor, the system is perfect for passive traders who want to get the most out of an auto-trading tool. 

This system was created by Ryan Brown, who is the brain behind the Responsible Forex Trading website and the developer of the Comeback Kid, Ranger, and Vigorous EA. Ryan has been in this market for nearly two decades now, but his professional background isn’t clear. 

Powerhouse EA trading strategy

Powerhouse EA is said to combine 4 strategies into one. It implements strategies derived from the vendor’s other EAs, including CBK, the Ranger, Vigorous, and Gopher. However, specific details regarding these strategies are not provided. Smart filters are also integrated to ensure all four strategies work together flawlessly to optimize profits and minimize drawdown. 

Powerhouse EA backtesting report

Backtest results
Backtest results

As you can see above, the EA was backtested using a $6000 deposit, and in the end, it completed 20091 trades. The resulting win rates for short and long trades were 78.41% and 78.28%, respectively. Consequently, the realized profit amount was high at $234350.91. This shows us that the system was very profitable. No wonder it reported a 2.09 profit factor. Also, low-risk trading was employed as we had a low maximum drawdown of 17.80%. 

Powerhouse EA live results

Live trading stats are present on Myfxbook, but they are from a demo account. Let’s explore them in this section:

Live trading data on Myfxbook
Live trading data on Myfxbook

The system started trading on this account in December 2021 using a $5000 deposit. Since then, it has been making an average monthly profit of 5.97%. As a consequence, a profit of $1784.04 has been made. This translates to a total gain of 35.69%. There’s a small drawdown of 12.50%, which indicates that trading risks aren’t high. 

Performance of trades
Performance of trades

Powerhouse seems to be a regular trader as it has already implemented 2365 orders, which have generated 3739.4 pips. The resulting win rates for long positions are 67% and 56% for short ones. We have a profit factor of 1.97 and 47.87 traded lots. In general, the EA can hold a trade for 7 hours and 44 minutes. Commissions paid out amounted to $321.01. 

Monthly profits
Monthly profits

The system has no losing month this year yet. February is the most lucrative period, having earned more than double of what was generated in the other months. 

History of trading
History of trading

The robot works with both the grid and martingale strategies. Profits generated from single orders are somewhat small. 

Some features of Powerhouse EA

Total return35.69%
Maximal drawdown12.50%
Average monthly gain5.97%
DeveloperRyan Brown
Created, year2022
Price$497
TypeGrid, Martingale
TimeframeN/A
Lot sizeVarying lot sizes depending on the performance of an order
Leverage200:1–high risk100:1–medium risk50:1–low risk
Min. deposit$5k–high risk $10k–medium risk$20k–low risk
Recommended depositN/A
Recommended brokersN/A
Currency pairsAUDCAD, AUDUSD, EURUSD, GBPCAD, GBPUSD, USDCAD, USDCHF, USDJPY, and more
ECNN/A

Main things to consider if you invest with Powerhouse EA

If you want to buy this EA, then you need to keep the following factors in mind:

Grid and martingale

The system works with risky strategies, which are known to blow up accounts in the long run. 

Flexible settings

You can set the robot to work in low, medium, or high-risk settings. It all depends on how much risk you want to expose your capital to and the returns you want to get.

Consistent profits

From the trading results, it is clear that the bot can generate substantial income for users. 

Pricing details

This system is currently available at $497. This pricing is significantly higher than the average cost for an EA in this market, which is mainly between $100 and $200. A 30-day refund policy is provided. 

Other notes

Powerhouse is a new system, so customers have not reviewed it as of now. Therefore, there is no way of telling if current users have experienced success with it or not.  

Powerhouse EA Summary

4.7
Powerhouse EA is an expensive EA that works with dangerous strategies like martingale and grid. Although the system makes profits, the losses are a bit higher, causing it to produce an unfavorable risk/reward ratio. On the bright side, the system supports many currency pairs, offers flexible settings, and refunds traders unsatisfied with its services.
6.0

Functionality

5.0

Reliability

4.0

Strategy

4.0

Price

5.0

Trading results

4.0

Vendor transparency

Pros

  • +A 30-day money-back guarantee
  • +Live trading stats
  • +Multiple currency pairs support
  • +Flexible settings

Cons

  • -Zero customer feedback
  • -Expensive pricing
  • -Grid and martingale are used
  • -Unhealthy risk/reward ratio
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