Hippo Trader Pro Review

Hippo Trader Pro

Hippo Trader Pro is an expert advisor that uses the trend-following system. It works only during the European and Asian sessions. As per the developer, Michela Russo, the product has been backtested for 17 years and has passed each year with a high profit to drawdown ratio. This ATS mainly works on the EURUSD pair and is FIFO compliant. Michela Russo, based in Italy is the founder of this EA. The developer has more than 2 years of experience and has 7 products and 7 signals to his credit. A telegram channel link and the messaging option are the support methods the developer offers.  

Hippo Trader Pro at a glance

Price$299
Trading PlatformsMT4 or MT5
Currency PairsEURUSD
StrategyTrend-following
TimeframeM1
Recommended Deposit$1000
Recommended Leverage1:200
Money ManagementYes

Hippo Trader Pro functionality

As per the developer, this FX robot has undergone backtesting for 17 years. Its past trading results have shown a high -profit potential and low drawdown. 

Important features of this FX EA that the vendor focuses on are:

  • It is a FIFO compliant system that uses the M1 timeframe. 
  • The EURUSD is the main currency pair this EA works on.
  • It does not use indicators or patterns and uses a trend-following method based on the ATR filter and the trend pattern for future trend direction.
  • This ATS uses Relative Vigor Index Oscillator for trend identification.
  • Recommendations include a minimum deposit of $1000 and a recommended deposit of $3000.

Hippo Trader Pro trading strategy tests

A few backtests are present for the ATS on the MQL5 site. Here is one of the strategy tester reports:

Backtesting report for Hippo Trader Pro
Backtesting report for Hippo Trader Pro

From the strategy tests, we find that the test done from 2003 to 2021 had generated a net profit of 10268484.33 for a total of 8644 trades. The profit factor was 3.82 and profitability was 77%. A drawdown of 26.72% was present. From the high drawdown, we suspect a risky strategy was used.

What about Hippo Trader Pro real trading results?

A demo EUR account using the IC Markets broker and the leverage of 1:500 on the MT4 platform is present for this FX EA. Screenshots of the trading results verified by the myfxbook site are shown below:

Growth curve of Hippo Trader Pro
Growth curve of Hippo Trader Pro
Advanced trading stats for Hippo Trader Pro
Advanced trading stats for Hippo Trader Pro

From the trading stats, we can see the account has suffered a total loss of 25.53% and an absolute loss of 25.51%. The daily and monthly losses are 0.19% and 5.49%, respectively. A drawdown of 52.17% is present for the account. For a deposit of $10000, the profitability is 64% and the profit factor value is 0.72. 

The system uses varying lot sizes ranging from 0.07 up to 1.20. The losses show a poor performance while the high drawdown and the big lot sizes indicate a high-risk strategy. Further, comparing the backtests with real trading stats we can see that the drawdown is higher in both results indicating a risky approach. 

User reviews

We could not find user reviews for this FX EA on reputed third-party sites like FPA, Trustpilot, etc. Although there are 12 reviews with a rating of 4.67/5 on the MQL5 site we cannot trust them. This is because the site promotes the product and hence there is a high chance of the feedback being manipulated.

Hippo Trader Pro Review Summary

Hippo Trader Pro
2 5 0 1
Our evaluation of the various characteristics of this FX robot reveals it is not a trustworthy system. The high drawdown in the backtesting and demo trading results, losses in the demo account, exorbitant pricing, and the absence of a money-back guarantee are major shortcomings of this ATS that make it unreliable.
Our evaluation of the various characteristics of this FX robot reveals it is not a trustworthy system. The high drawdown in the backtesting and demo trading results, losses in the demo account, exorbitant pricing, and the absence of a money-back guarantee are major shortcomings of this ATS that make it unreliable.
2/5
Total Score
  • Functionality
    2/5 Bad
    The developer does not provide much info on the functionality of the ATS.
  • Trading strategy
    2/5 Bad
    A trend-following approach is used along with the use of the Relative Vigor Index Oscillator.
  • Live results
    1/5 Awfully
    Only demo trading results are present and the stats reveal poor performance and a risky approach.
  • Customer support
    2/5 Bad
    The developer can be contacted via the Telegram Channel link present on the site and by using the messaging section of the site.
  • User reviews
    1/5 Awfully
    We could not find user reviews for this ATS on reputed sites like FPA, Trustpilot, etc.

The Good

  • A fully automated system
  • Verified trading result

The Bad

  • Trading results show poor performance
  • Backtest and demo trading results show a risky approach
  • Price is expensive
Total
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