Forex Robot ReviewsPassive Income

Robinhood FX EA Review: Is It Wise to Hand Your Trading Over to This Robot?

3 Mins read
3.6

Robinhood FX EA is an expert advisor that we may have seen half a year ago under another name. The system ran on a CNH account. The same we saw on the current developer’s account. The main claim informs us that it is ‘One of the most profitable Forex robots.’ Let’s see whether it is true. 

Robinhood FX EA company profile

There’s no company behind the system. We have no idea if they have a legally registered company. 

The highlights of Robinhood FX EA

The advisor was introduced by a short presentation. It was a challenge for us to gather all the required information in the list. 

  • The system was created to help us, trading completely automatically on the terminal. 
  • The money-management is a part of the system. 
  • It does run risky strategies like Martingale to recover after a loss.
  • The advisor knows when the drawdowns should be cut out. 
  • “The real trading systems don’t have such a nice equity curve. They have their drawdown and stagnation.”
  • We can work the robot on a demo account. 
  • The advisor can provide us with stable monthly profits. 
  • There’s “Real Proper Capital Management and Specific and carefully calculated Trade Entries and exits.”
  • It will calculate lot sizes for us automatically. 
  • There’s a broker spy module added to protect our orders from a broker. 
  • The system seeks for the best market conditions to place a deal. 
  • All orders are covered by SL levels. 
  • We can work on the next accounts: ECN, STP, Micro, or Cent accounts.
  • The magic numbers inform us that orders were opened by the robot. 
  • We can trade EURUSD. 
  • The system allows trading on H1. 
  • The account balance should be from $200. 
  • The advisor doesn’t require us to have proper trading experience to get started. 

Trading results with Robinhood FX EA

Alas, the presentation doesn’t include any sign of backtest reports. It’s a significant con because we don’t know what broker was chosen and how the system worked with tick data received from it. 

Robinhood FX EA’s trading results
Robinhood FX EA’s trading results

Verified trading results are always a good sign. The developers decided to share with us a Myfxbook widget to show us that the system is profitable. The robot has been running a real account with the CNH currency. We have a balance of $1139 when the profit is $376. Several orders are sitting in drawdowns – $134. 

Trading statistic of Robinhood FX EA
Trading statistic of Robinhood FX EA

During the trading activity, the system has obtained 90.1%. An average monthly gain is 31.5%. The system’s win rate is 81.9% and the profit factor is 6.89. An average trade frequency is 0.9 deals a day. The advisor has traded 658 pips. 

Trading risks of the system
Trading risks of the system

We can expect the risk to the reward ratio up to 2.38. The risk of ruin is 3.4%. An average trade length is 25.8 hours. An average result is $5.13.  

Trading directions of the system
Trading directions of the system

The advisor prefers trading in the buy direction (67 orders) much more than in the sell direction (6 deals).

Daily activities of Robinhood FX EA
Daily activities of Robinhood FX EA

Monday with 10 orders is the least traded day in the week.

Hourly trading activities of Robinhood FX EA
Hourly trading activities of Robinhood FX EA

The more preferable hours to trade are European.

Weekly trading results of Robinhood FX EA
Weekly trading results of Robinhood FX EA

The advisor started providing many fewer profits in September 2021.

Closed orders by Robinhood FX EA
Closed orders by Robinhood FX EA

The advisor uses a short grid of orders. It’s a risky strategy because it requires much more margin.

Robinhood FX EA packages

Pricing details
Pricing details

The offer includes three prices. The basic package is available for $127 for a lifetime license. It includes one real and one demo account. The regular pack includes two real and two demo licenses and costs $147. The business pack includes three real and three demo licenses and costs $167. We can rely on 24/5 support, auto trading, and lifelong licenses.

Assistance

Robinhood FX EA’s page on FPA
Robinhood FX EA’s page on FPA

The developers decided to create a page on Forex Peace Army. There’s a single review written. 

User testimonial on FPA
User testimonial on FPA

We are sure that this post has nothing in common with the system. It looks like a pure fake.

Other notes

We still know nothing about the developer. There’s no proof that he or she has proper experience in Forex trading.

Is Robinhood FX EA a profitable bet in 2021?

The system has been running for over three months only. We don’t know if this is the right time to pick it now. We are quite positive about waiting until January-February 2022.

Robinhood FX EA Summary

3.6
Robinhood FX EA is a Forex robot that works with EURUSD on the low-deposited real account. The advisor didn’t show outstanding results. The presentation doesn’t look trustworthy and the single feedback sounds fake.
4.0

Performance statistics

1.0

Reviews from customers

4.0

Ease of use

3.0

Implemented strategies

6.0

Pricing

Pros

  • +Trading results provided

Cons

  • -No strategy details explained
  • -No backtest reports provided
  • -No people testimonials written
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