Is Robinhood FX EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Robinhood FX EA
Robinhood FX EA is a forex robot available on vendor website. The developer provides no information about himself nor address on the web page.
According to the vendor, the system offers the following account.
Robinhood FX EA claims to give advantage in the financial market with its expert strategy. Here, the system works on ECN, STP, Micro, or Cent Account and no martingale strategy.
Robinhood FX EA: Reasons to Avoid this EA
Firstly, Robinhood FX EA is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product.
Secondly, the customers’ feedback is pretty worrisome. There is only one customer review on Forex Peace Army which means the EA is either not reliable or trustworthy.
Lastly, there is no proper explanation of trading strategy the EA uses on trade.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Robinhood FX EA Trading Strategy
Robinhood FX EA uses specific and calculated trade Entries and exits.
Also, the system works on the H1 time frame on EURUSD.
Robinhood FX EA Trading Results
According to the back test result, the EA traded on EURUSD currency pair on a 1-hour time frame. The account had a deposit of $900 with a profit factor of 9.69 and drawdown of 14.83%.
Also, the account closed 1251 trades with an average win of $1,597.55 and an average loss of -$1,132.63.
Conclusion: Is Robinhood FX EA a Reliable Forex Robot?
Robinhood FX EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, the lack of specified strategy and developer information are red flags which forex traders must know.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
