Robinhood FX EA is a trading advisor that looks like the system that we have seen published at least twice for the last two years. We confirmed these thoughts when we saw that the robot works on a “CNH” account. The developers have a claim that it’s “One of the most profitable Forex robots.” The presentation lacks intel about the developers and what experience they truly have.
Robinhood FX EA strategies and tests
It’s time to talk about details, settings, features, and other intel about what we can expect from the system working on a real or demo account.
- The devs developed the system to execute orders completely automatically for us.
- There’s money-management on the board applied.
- The system doesn’t execute Martingale to recover after lost deals.
- There’s a claim that “the real trading systems don’t have such a nice equity curve. They have their drawdown and stagnation.”
- We can give the system a try on a demo account first before getting started on a real one.
- The system can be profitable every month.
- There’s “Real Proper Capital Management and Specific and carefully calculated Trade Entries and exits.”
- It calculates lot sizes for us.
- There’s a broker spy module applied. It helps us to hide SL levels from fraudulent broker activities.
- It looks for the right market conditions to open an order.
- The system calculates and places SL levels for us.
- EA can handle various market conditions to make profits.
- The advisor knows how to calculate lot sizes for us automatically.
- It allows trading on ECN, STP, Micro, or Cent accounts.
- The system marks the open orders by a magic number.
- We can trade the EURUSD cross pair.
- The only time frame to trade is H1.
- We have to have over $200 to start trading.
- The system allows trading without precious trading experience.
The presentation, as usual, doesn’t include any sign of backtest reports. The devs must have tested the robot before selling it. We don’t know a reason not to show these results.
Robinhood FX EA live trading account review
The presentation includes a link on FXBlue verified trading results. It’s a pro because we can check trading results and know what we have to expect from the system when we set it to trade on our real or demo account. The system has been running a CNH account. The closed profit is $346.76. There are no orders floating on the market. The floating loss is deep – $157.39.
For 3 months of trading activity, the robot could grow its total return to 80,1% with an average monthly gain of 32,1%. It places 0,9 deals a day, trading with an accuracy rate of 82,4%. The account has been running for 82 days.
The risk to tears ratio is 2.37. The risk of ruin is 3.8%. An average trade length is 20.4 hours. An average result is $5.03. An average win is $7.32 when an average loss is -$5.28.
We noted that the advisor prefers trading the buy direction, 63 orders over the sell direction, 6 deals.
Wednesday is the most traded day among others, with 19 deals.
The main trading session to work is European.
In September the system trades more frequently than in July or in August.
There are several orders sitting in drawdowns. It’s such a big Grid of orders.
Pricing
The developers shared info about three packages. We can purchase the basic pack for $127, the regular pack for $147, and the business pack for $167. The first one has one real and one demo account. The second has two real and two demo accounts. The last one has three real and demo accounts. We have no money-back guarantee provided.
Is Robinhood FX EA a scam?
We can’t tell for sure yes or no. The system has only several months of trading results. We have to wait for several more months to be convinced that the system is a safe solution.
People feedback
Robinhood FX EA has a page on the Forex Peace Army site. There’s a single comment written.
This testimonial looks like a pure fake. We can’t rely on the system with only one testimonial.
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