Red Fox EA Review

by Forex EA Top Team
Red Fox EA

Red Fox EA is an FX robot that promises steady growth of profits with a low drawdown. This automated system mainly uses an aggressive and low drawdown setting for achieving high returns with minimal loss. This MT4 tool is promoted by My EA Academy, which is part of the SinryAdvice Worldwide company with register number TR0214386-K.  

An email address for support and social media addresses and a location address are found in the Contact Us section of the website. However, we cannot find info on the founding year, history, the developers’ team, and other related info. 

Vendor transparency is among the important criteria used for choosing a reliable FX robot. There are other factors like the strategy, trading results, and more. Have a look at our list of the best forex robots. With the list, you can easily find the right system that suits your trading style.

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Red Fox EA features

Features of Red Fox EA.

The vendor provides info on the features, verified results, the working method, requirements for using the EA, and more on the official site. Some of the crucial features the vendor focuses on are:

  • Automated management of lots depending on the funds present in your account.
  • Use of a news filter to prevent trading during big market events.
  • Market analysis is done with in-built indicators.
  • Spread control is used to prevent trading during volatile conditions.
  • A drawdown ranging from less than 9% up to less than 15% for the trade settings including the low drawdown and aggressive modes. 
  • A monthly profit for the two settings ranging from 10% up to 48%. 


Pricing of Red Fox EA.

To buy this FX EA, you need to shell out $266, which is a discounted price with the original rate being $400. On payment of the required money, you will get a demo and a live account license key, a full guide for setting up the software, and support. 

A money-back guarantee of 14 days is present for this FX EA. You can test the software in the demo account under the low-risk setting for 14 days and if not satisfied with the performance you can request a full refund. When compared with the other prices of similar EAs, the price of this ATS is not very expensive.

How it works

Working method and requirements for Red Fox EA.

As per the vendor, this FX EA uses the market reverse price trading approach. Custom indicators integrated into the account are used to analyze the market. The vendor claims that the low drawdown setting is a low-risk setting that will not blow up your account. 

Some of the recommendations for this MT4 tool include the use of minimum capital of $1000. No mention of the leverage and the timeframe are present in the recommendations. 

The main currency pairs for the low drawdown setting are USDCAD, EURUSD, EURCAD, GBPCAD, and GBPUSD. For the aggressive setting, the pairs this EA works on include AUDUSD, EURAUD, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPNZD, GBPUSD, and USDCAD.

Trading strategy

Other than mentioning the market reverse price and custom indicators, the vendor does not explain the approach used. There are no backtesting results to help us assess the efficacy of the system. The lack of backtests and explanation of the strategy make us suspect the reliability of this FX EA.

Trading results

A real USD account verified by the myfxbook site using automated trading and the leverage of 1:500 on the MT4 platform is presented here.

Growth curve showing performance of Red Fox EA.
Advanced stats for Red Fox EA.

From the trading stats seen in the screenshots above, we can see a total profit of 29.32% and an absolute profit of 29.34%. A daily and monthly profit of 0.21% and 6.92% are present. The drawdown for the account is 38.55%. For a deposit of $1000, the trading started in May 2021 reveals a profit of $293. 

The profitability for 606 trades executed is 78% and the profit factor value is 2.06. From the trading history, we can see the lot size used is the same for all the trades and is 0.01 in size. The real trading result reveals a high drawdown even in the low-risk setting, which proves the claims of the vendor are false. 

Customer reviews

Red Fox EA - Customer review

We found user feedback on the FPA site for the My EA Academy products. As per the review, the user complains that the EAs do not work effectively in all market conditions and have a big drawdown.

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