RED FOX Robot Review

RED FOX trading robot works on multiple currency pairs while maintaining a low drawdown on the account. The algorithm currently works on the MT4 account and requires a minimum amount of $1000 to start trading. Our article will discuss all the essential features of the expert advisor and consider if you should implement them on your accounts.

The company fails to give us information on the developers. They present their address as Jalan PJS 2C, Taman Medan, 46000, Petaling jaya, Selangor, Malaysia. You can contact them through the email they provide on the official website.

RED FOX EA at a glance

RED FOX EA functionality

The robot has the following features:

• It comes with a built-in news filter that avoids volatile market conditions
• It does not use a martingale strategy and is fully automated
• It has a spread control that avoids trading during periods of high commissions
• It provides verified statistics of their EA on Myfxbook

Unfortunately, there is no information present on the settings that we can tweak while using the algorithm.

RED FOX EA trading strategy tests

The developers state that the robot uses custom indicators to analyze the markets. It trades based on market reverse price. It does not employ a martingale strategy. To analyze further, we use the trading history on Myfxbook. From there, it is obvious that the robot uses a grid strategy that opens successive positions as the trade goes into a loss. The average trade duration is 12 hours and 56 minutes which conforms to the day trading approach.

There are no backtesting results available which is again a poor activity. This might be because the robot might have failed during the procedure. 

RED FOX EA real trading results

Real trading results are tracked via Myfxbook, which shows performance from May 17, 2021, till the current date for a 1k account. Since then, the robot has had an average monthly gain of 7.24%, with a drawdown of 31.58%. The drawdown value is comparatively high, and the ratio is poor in contrast with the monthly output. There were 507 trades in total, with 5.07 lots traded. The expert advisor traded with a winning rate of 79% with a profit factor of 2.43. The best trade was $8.76, while the worst one was -$9.42. Multiple currency pairs were used. 

User reviews

Customer reviews are present on TrustPilot, which gives SInry Advice a rating of 4.0 for a total of 52 feedbacks. Customers state that RED FOX EA was not able to control the drawdown as stated on the website. They report that their account had received a margin call. They also state that the expert advisors are copied from other algorithms in the market.