Powerhouse EA is a Forex robot designed to work on the MT5 terminal only. It is claimed to be one of the most advanced trading tools since it works with 4 trading techniques and mechanics that cannot be found in other EAs. As a result, the robot is able to attain a 5-8% monthly profit for users on default settings.
Powerhouse EA company profile
Powerhouse EA is the invention of an individual called Ryan Brown. He is very active on his YouTube channel and claims to have been trading in Forex for the last 16 years. He is also the creator of the Comeback Kid EA, the Vigorous EA, and the Ranger EA. Unfortunately, the presentation doesn’t feature a detailed profile about Ryan, such as his professional qualifications, certifications, location, etc.
The highlights of Powerhouse EA
The system integrates these features:
- It supports 13 different trading pairs.
- The EA uses protective customizable stop-losses.
- It’s easy to install and use.
- The robot has flexible settings to meet the needs of high, medium, or low-risk traders.
- The recommended leverage ranges between 50:1, 100:1, and 200:1, depending on the chosen setting.
- The minimum deposit you can work with starts from $5k, $10k, to $20k.
This EA is said to implement strategies integrated into other EAs like the Comeback Kid, Gopher, Ranger, and Vigorous. Unfortunately, he doesn’t provide any information about these strategies or how they work. In any case, we are informed that smart filters are included to ensure that the 4 approaches work collaboratively to optimize gains and reduce losses.
Facts & figures
Based on the above backtest report, the EA traded with a deposit of $6000 and a leverage of 1:500. According to the info on the official website, all the featured backtests, including this one, were conducted using a 19-year historical market data. In this case, the total trades executed were 20091, and collectively, they contributed to a total net profit of $234350.91. The relative drawdown was high at 34.96%, which suggests risky trading was applied. The win rates for short positions were 78.41% and 78.28% for long ones.
This demo account has been active since December 2021, and the EA has used a deposit of $5000 to earn the user a profit of $1856.98. On average, it makes a daily profit of 0.19% and a monthly profit of 5.78%. At the moment, the balance is $6855.18. We have a low drawdown value (12.50%), which is a sign of low-risk trading activities.
We have 2461 executed trades with average win rates of 67% for long positions and 56% for short ones. The profit made amounts to 3943 pips, while the traded lots are 49.86. Commissions paid out were $333.47. The best trade has made the account $293.91 richer, while the worst one has deducted -$41.42 from the account.
The grid and martingale strategies are noticeable. They recently caused the account to suffer a series of losses. The good news is that the EA made several gains afterwards. Hopefully, they will offset the losses.
Thursday is the most active period of the week, with 742 trades completed so far.
Powerhouse EA packages
The vendor includes a single package. So, be ready to part with $497 if you want to obtain this trading tool. You will also receive free updates and support, a 30-day refund policy, and a PDF manual that provides installation and setting videos.
To receive assistance with the product, you are welcome to send the support team an email, visit the FAQs page, or watch the tutorials present on the website. You may also find the vendor’s YouTube channel and Discord group useful.
Powerhouse EA has zero customer feedback. We could not find any customer reviews relating to it on Trustpilot or Forex Peace Army.
Is Powerhouse EA a reliable system?
We have confirmed that the robot can attain a 5% monthly profit rate, so it’s capable of growing your account. However, you need to be cautious since risky strategies are present and can drain your account pretty fast under unfavorable market conditions.