Red Horse EA is a 100% automated Forex expert advisor that claims to have a high-profit margin and a low drawdown. As per the developer’s claims, this robot is able to understand up to 85% of the market sentiment. They also claim that the EA can generate a monthly profit of 12-23%.
The EA has been active in the live market since November 2021. There are monthly and yearly plans for the robot. While the monthly plan costs $59, the yearly plan is available for $495.60. You can get a full refund if the EA is profitable in 14 days.
Is Red Horse EA good?
This robot is easy to install and is supported by verified trading results. However, the trading account has not been active for too long. Although it is available at an affordable price, there is a very small refund window. It is very difficult to judge the performance of a trading system in 14 days.
Features of Red Horse EA
This EA analyzes both fundamental and technical news. It only works on the XAU/USD pair on MT4 and there is a customizable news filter for this EA. Red Horse EA has a money management feature, which means it can calculate the size of the trading lot based on your account size. It also has risk management features, but the trader has not explained them in detail.
When you purchase this EA, you get two licenses, one real and one demo. However, you can only activate one account at a time. The maximum drawdown limit for this EA is 9.7%. You can use an MT4 standard or ECN account for this robot. For funding your account, you need a minimum of $1000. It is recommended that you choose the M5 timeframe. For optimum performance, you need to use a VPS with this system. The account leverage must exceed 1:500.
| Trading Terminals | MT4, MT5 |
| Strategy | Top-bottom |
| Timeframe | M5 |
| Price | $495.60 |
| Money Refund | 14 days |
| Recommended Deposit | $1000 |
| Recommended Leverage | 1:500+ |
| Money Management | Yes |
| Customer Reviews | N/A |
What strategy does Red Horse use?
The EA performs price analysis using a top-bottom strategy. It is based on the trading volume and volatility. When the market exceeds the price order, the grid begins trading.
Backtesting vs live trading results
Unfortunately, the vendor has not shared the historical test results for this EA. Without backtesting data, it is difficult for us to accurately gauge the system’s profitability. Here, we have a demo trading account on Myfxbook that was launched on November 15, 2021. Thus, we can say that the EA has a very short trading history.
To date, Red Horse EA has placed 44 8trades through this account winning 74% of them. As a result, it has generated a total profit of $322.67. Currently, the daily and monthly gains are 0.26% and 8.03% respectively, while the drawdown is 16.71%.
Here we have the recent trading history of the account. We can see that the EA trades with a constant lot size of 0.01. It holds each trade for an average of 4 hours and 54 minutes. The average win and loss are 186.54 pips/$2.87 and -404.37 pips/-$5.52, respectively.
The core team
This is a product from the SinryAdvice team that has been manufacturing Forex robots for more than five years. The headquarters of this company is located in London, UK. On the official website, you can find the email address and the phone number. We don’t know what kind of experience the team members have. SinryAdvice has another EA called Werewolf Robot.