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
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:
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.
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.
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.
The robot works with both the grid and martingale strategies. Profits generated from single orders are somewhat small.
Some features of Powerhouse EA
|Average monthly gain||5.97%|
|Lot size||Varying lot sizes depending on the performance of an order|
|Leverage||200:1–high risk100:1–medium risk50:1–low risk|
|Min. deposit||$5k–high risk $10k–medium risk$20k–low risk|
|Currency pairs||AUDCAD, AUDUSD, EURUSD, GBPCAD, GBPUSD, USDCAD, USDCHF, USDJPY, and more|
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.
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.
From the trading results, it is clear that the bot can generate substantial income for users.
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.
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.