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Hippo Trader Pro is a Forex expert advisor launched on 25th February 2021. It is compatible with both Metatrader 4 and Metatrader 5. As per vendor claims, the EA has an excellent profit/drawdown ratio based on a 17-year stress test. However, we need to verify this claim independently.
We know very little about the company behind Hippo Trader Pro. It is sold on MQL5 by an Italian trader called Michela Russo. There is no information on this person or the people they work with. According to their MQL5 profile, they have 2 years of experience. Other products from this developer include Turtle Scalper Pro, Panther Trader Pro, and Spider Crazy Pro.
There are all kinds of Forex robots available on the market these days, and not all of them are trustworthy. Many dishonest vendors make false claims about their system and traders who invest in them end up suffering losses. Therefore, we need to analyze every aspect of the Forex robot in order to determine whether it is profitable or not.
Although this robot was launched in February 2021, it didn’t start live trading until June, which means it hasn’t been exposed to different market conditions. To date, it has no notable achievement to speak of.
What is behind the Hippo Trader Pro robot?
Hippo Trader Pro is a trend following EA that remains active mostly during the European and Asian sessions. According to the vendor, it analyzes the market without using old patterns and indicators. It searches for the main trend exhibited by Forex pairs.
Key features
This Forex EA only trades in the EUR/USD pair. The vendor recommends running it on M1 charts. This FIFO compliant system requires a minimum deposit of $1000 for every 0.01 lot size. It adjusts the risks based on the lot size. You can use it with any broker of your choice.
Trading strategy
Happy Trader Pro enters the market based on the ATR filter. It uses trend patterns to predict future trends and the Relative Vigor Index oscillator for identifying the trend.
Backtesting results for EUR/USD
Here we have the results for a backtest conducted on the EUR/USD pair from 2003 to 2021. The robot conducted a total of 17288 trades during the testing period, winning 77% of them and generating a total profit of $10268484.33. The relative equity drawdown was pretty high at 26.72%, and this tells us that the robot followed a high-risk strategy.
Pricing
You can purchase this robot for $299, which is too much for a newly-launched system. There are a couple of rental options available for Hippo Trader Pro. The 1-month and 3-month rentals can be availed for $199 and $269 respectively. Unfortunately, the vendor does not offer a money-back guarantee for this product.
Trading performance of Hippo Trader Pro
Growth chart of Hippo Trader Pro
This live trading account on Myfxbook was launched on June 22, 2021, so it hasn’t been too long since it started conducting trades with real money. After completing 136 trades, its win rate currently stands at 67%, which is significantly lower in comparison to the backtest. To date, it has generated a total profit of 2750.85 Euros. While the daily and monthly gains are 0.23% and 7.18% respectively, the drawdown is 26.28% which is comparable to what we saw in the backtest.
Trading results of Hippo Trader Pro
The high drawdown indicates a high risk of ruin. As you can see, the robot has lost consecutive trades recently. Overall the trading results do not look very impressive.
Customer support
Hippo Trader Pro doesn’t have a dedicated customer support team, unlike some of the more reliable EAs on the market. If you have any queries, you can get in touch with the vendor directly via MQL5.
People feedback
User reviews for Hippo Trader Pro on MQL5
We were unable to find any authentic customer reviews for this system on third-party websites like Myfxbook, Quora, Trustpilot, and Forexpeacearmy. On MQl5, there are a few reviews from users but we cannot verify their authenticity.
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