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Cherry Red FX

4

Cherry Red FX is an expert advisor (EA) designed for trading USDJPY on the H1 chart, integrating advanced algorithmic strategies and dynamic market analysis. It combines optimized trading signals with structured risk management to enhance trade execution and market adaptability.

Engineered for efficiency, Cherry Red FX operates with minimal manual intervention while incorporating data-driven trade execution for stability across varying market conditions. The system is designed to support traders with a structured approach to USDJPY trading, providing automated market engagement with risk control mechanisms.


Reviews 2
stucan
418
stucan 2024.03.22 10:22 
 

This EA from Michael doesn't really convince me at the moment. The ratio of the number of winning trades is not bad, but the loss with just one negative trade is simply too high. I wouldn't recommend the EA at the moment. However, I will continue to test this. If you are interested in my current public demo account, where I also test other EAs from Michael, please write to me. Use Myfxbook for this. I posted a screenshot of this EA and its trades in the comments. I will adjust my rating if anything changes.

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Saltwater Silver is an expert advisor (EA) designed for trading XAGUSD on the H1 timeframe, integrating precise algorithms and dynamic risk management for structured trade execution. It supports both fixed and dynamic lot sizing, featuring a trailing stop system with incremental step pips and profit-locking to secure gains while managing risk effectively. Capable of handling up to 100 simultaneous trades, the EA incorporates key safeguards such as maximum spread filters, equity protection, and
Parallax FX
Michael Prescott Burney
5 (1)
Parallax EA is an expert advisor (EA) designed for trading AUDUSD on the H1 chart, integrating 300 optimized strategies and over 30 technical indicators for structured trade execution. Built on five years of historical data, the system adapts to varying market conditions, identifying optimal entry and exit points while incorporating smart stop-loss and take-profit mechanisms to manage risk effectively. With a user-friendly interface, traders can customize settings or run the EA automatically. R
AI Gold Dust
Michael Prescott Burney
4.5 (10)
AI GOLD DUST is a free expert advisor designed for XAUUSD on the H1 chart, tested using historical data over 20 years and validated across six major broker platforms, including BlackBull, Darwin X, MetaQuotes Demo, FTMO, Dukascopy, and Eightcap. With 98% modeling quality, it ensures precise tick data analysis and structured trade execution. It features extended backtest coverage spanning multiple economic cycles, incorporating risk management mechanisms to help maintain stability. The system ha
FREE
Goldilocks PRO MT5
Michael Prescott Burney
2.5 (2)
Goldilocks Pro is an expert advisor (EA) designed for trading XAUUSD on the H1 timeframe, integrating advanced risk management and dynamic trade execution. It features flexible settings for dynamic and fixed lot sizing, ATR-based stop-losses, trailing stops, and profit-locking mechanisms to optimize trade management while maintaining controlled drawdowns. Capable of handling up to 100 open positions, the EA ensures precise entry and exit timing while incorporating maximum spread filters and dai
Fuji Wave
Michael Prescott Burney
4.88 (8)
Fuji Wave is an expert advisor (EA) designed for USDJPY on the H1 timeframe, utilizing algorithmic trading strategies to navigate market conditions. It is optimized to identify market inefficiencies in the USDJPY pair through AI-powered analysis, dynamic trade execution, and adaptive risk management. The system adjusts to both trending and ranging markets, providing structured trade execution and risk control. Fuji Wave is built for traders looking for an automated approach to USDJPY trading wi
FREE
Gold Star FX
Michael Prescott Burney
Gold Star FX is an expert advisor (EA) designed for trading XAUUSD on the H1 chart, integrating advanced algorithms to identify structured entry and exit points. It balances short-term momentum with strategic trade execution, optimizing input values specifically for XAUUSD to maintain effectiveness across various market conditions. The system features dynamic risk management, including trailing stop mechanisms and adaptable lot sizing, while its trade stacking capability allows multiple positio
Entry IQ MT5
Michael Prescott Burney
5 (2)
The Entry IQ Indicator is a technical analysis tool designed to assist traders in identifying potential entry points for long and short positions. It utilizes dynamic price boxes, equilibrium zones, and trend detection algorithms to analyze market trends and price movements. The indicator adapts to different broker price digit formats, provides customizable arrow signals, and plots real-time trendlines to refine signal accuracy. By assessing price action over a specific lookback period, Entry I
FREE
Turbulence FX
Michael Prescott Burney
4.67 (15)
Turbulence FX is a free GBPUSD H1 system designed to support traders in managing their trading activities efficiently. It focuses on structured trade execution, risk control, and adaptive recovery strategies. By offering a systematic approach, it aims to assist traders in navigating market conditions with consistency. We appreciate your support and remain committed to providing valuable resources to help you work toward your trading goals.
FREE
Vulcan FX
Michael Prescott Burney
3.67 (3)
Vulcan FX is an expert advisor (EA) designed for trading EURUSD on the H1 timeframe, integrating dynamic trade execution with structured risk management. It supports both dynamic and fixed lot sizing, featuring a trailing stop mechanism with configurable step pips, trailing profit pips, take profit pips, and break-even pips to manage risk and secure gains. The EA can manage up to 100 open positions, allowing traders to execute trades in both directions or restrict activity to sell-only mode. Bu
Lorentzian AI
Michael Prescott Burney
5 (1)
The Lorentzian A.I Indicator System is designed to enhance trading strategies across Crypto, Indices, Forex, and Stocks by utilizing adaptive algorithms and real-time market analysis. It applies Lorentzian Classification to generate buy and sell signals while integrating K-Nearest Neighbors filtration for data normalization and improved signal reliability. Neural network processing incorporates multidimensional signals with time-space calculations to refine trend forecasting. The system continu
FREE
Bonkai XT
Michael Prescott Burney
5 (4)
Bonkai FX is an expert advisor (EA) designed for trading USDJPY on the H1 chart, incorporating structured trade execution and risk management. It supports both dynamic and fixed lot sizing, utilizing a trailing stop mechanism to manage risk and secure gains. The EA can handle up to 100 open positions, configurable for both buy and sell trades, while integrating account protection features such as maximum spread filters, minimum equity safeguards, daily loss limits, ATR-based stop-loss, and time
UV Gold
Michael Prescott Burney
UV Gold is an expert advisor (EA) designed for trading XAUUSD on the H1 chart, leveraging 20 years of historical market data to enhance adaptability across various market conditions. Its refined strategy normalization minimizes overfitting, while upgraded algorithms optimize trade execution in response to gold’s unique price action. The system includes advanced risk management, offering both Fixed Lot settings for controlled drawdowns and Dynamic Lot sizing for balanced trade exposure. A trend
New Order FX
Michael Prescott Burney
New Order FX is an expert advisor (EA) designed for trading GBPUSD on the H1 chart, integrating structured risk management and trade execution. It supports both dynamic and fixed lot sizing, allowing traders to customize risk exposure through dollar-based or fixed calculations. The system incorporates a trailing stop mechanism with step pips, trailing profit pips, take profit pips, and break-even pips to secure gains while managing risk efficiently. Configured to handle up to 100 open positions
Worlds FX
Michael Prescott Burney
5 (2)
Worlds FX is an expert advisor (EA) designed for trading EURUSD, engineered for seamless execution across multiple broker environments. Validated on platforms such as BlackBull, EightCap, Darwin X, FTMO, DukasCopy, and MetaQuotes Demo, it utilizes adaptive algorithms, automated position sizing, and real-time trade adjustments to refine entries and exits through multi-timeframe analysis and price-action filtering. The system integrates self-optimizing logic that continuously adjusts parameters b
Goldex Unlimited
Michael Prescott Burney
5 (1)
Goldex Unlimited is an expert advisor (EA) designed for trading XAUUSD on the H1 timeframe, integrating trend-following strategies, volatility filters, and risk management features. The system incorporates 76 sub-strategies to adapt to various market conditions while maintaining a structured approach to trade execution and equity protection. The EA offers flexible settings, allowing customization of spread limits, maximum open positions, daily drawdown thresholds, and account equity rules. It i
Bit Buddy AI
Michael Prescott Burney
Bit Buddy AI is an expert advisor (EA) designed for trading BTCUSD on the H1 timeframe, utilizing high-frequency trading strategies and intelligent trade execution. It supports both dynamic and fixed lot sizing, incorporating trailing stops, break-even mechanisms, and take-profit strategies for structured risk management. Capable of managing up to 100 open positions, Bit Buddy AI can execute both long and short trades or be configured for sell-only strategies. Built-in protection features inclu
Prop Farmers PRO
Michael Prescott Burney
5 (1)
Prop Farmers Pro is an expert advisor (EA) designed for trading EURUSD on the H1 chart, integrating advanced risk management and optimized trade execution. It supports both dynamic and fixed lot sizing, featuring an adaptive trailing stop system, break-even protection, and structured profit-taking levels to manage capital efficiently while mitigating risk. Capable of handling up to 100 open positions, the EA is configurable for both buy and sell orders and includes account protection features s
The Prop Hunt EA
Michael Prescott Burney
5 (1)
Prop Hunt FX is an expert advisor (EA) designed for trading NZDUSD on the H1 chart, integrating over 200 distinct trading strategies for structured market engagement. It applies a 1:2 risk-reward ratio and incorporates advanced risk management techniques to maintain capital security while adapting to market conditions. Engineered for consistency, Prop Hunt FX is built to navigate NZDUSD trends with a systematic approach. The EA offers automated execution and trade management tools, providing tr
Hamunaptra FX
Michael Prescott Burney
Hamunaptra FX is an expert advisor (EA) designed for trading GBP/USD on the H1 chart, integrating 300 independent strategies that encompass trend following, breakout trading, mean reversion, and volatility-based approaches. By simultaneously identifying multiple trading opportunities without overlap, the system provides structured trade execution and market adaptability. Engineered for an aggressive trading style, Hamunaptra FX capitalizes on significant market movements while incorporating ada
Eurotoxin
Michael Prescott Burney
EuroToxin FX is an expert advisor (EA) designed for trading EURUSD on the H1 chart, incorporating structured risk management and an optimized trading strategy. It supports both dynamic and fixed lot sizing and integrates trailing stops, break-even adjustments, and take-profit targets for trade management. Capable of handling up to 100 open positions, EuroToxin FX offers flexibility by trading in both directions or using a sell-only mode. It includes account protection features such as a maximum
Kaiju X EA
Michael Prescott Burney
4 (1)
Kaiju X EA is an expert advisor (EA) designed for trading USDJPY on the H1 chart, integrating advanced indicators such as Bulls Power, Williams' Percent Range, Moving Average of Oscillator, and Money Flow Index to analyze market movements. Built to adapt to Yen volatility, it incorporates both aggressive trade execution and structured risk management. The EA offers flexibility through the Risk Percentage Method and a fixed lot option, catering to different trading styles. With controlled drawdo
Prop Masters EA
Michael Prescott Burney
Prop Masters EA for GBPUSD H1 is an expert advisor designed for structured and precise trade execution. Since March 2021, it has executed over 4,600 trades, utilizing a combination of dynamic indicators such as MACD for momentum, ATR for volatility, Bollinger Bands for entry and exit points, and ADX for trend strength assessment. The system offers both risk percentage and fixed lot sizing methods, allowing traders to customize their approach. With default settings optimized for efficiency, Prop
Poltergeist EA
Michael Prescott Burney
5 (1)
Poltergeist FX is an expert advisor (EA) designed for GBPUSD on the H1 chart, integrating both dynamic and fixed lot sizing alongside advanced risk management tools. It employs ATR-based stop-loss, break-even protection, trailing stops, and profit-locking mechanisms to optimize trade execution while managing risk effectively. The EA supports up to 100 open positions and includes account safeguards such as maximum spread filters, equity protection, and daily loss limits. It operates most efficie
Awesome Sauce EA
Michael Prescott Burney
5 (2)
Awesome Sauce is an expert advisor (EA) designed for trading EURUSD on the H1 chart, utilizing 20 years of market data and 116 optimized strategies to adapt to various market conditions. It incorporates fixed lot sizing for structured risk management while aiming to maintain account stability and controlled drawdowns. Engineered for compatibility across multiple brokers, the system provides a user-friendly interface and automated trade execution. Awesome Sauce offers traders a structured and sy
Dragons Breathe FX
Michael Prescott Burney
Dragon’s Breathe FX is an expert advisor (EA) designed for trading USDJPY on the H1 chart, utilizing advanced algorithms and market analysis to identify precise entry points and capture momentum effectively. Tailored to the unique price action, liquidity, and volatility of the USDJPY market, the system employs aggressive trend-following strategies while maintaining adaptability to different trading styles. Equipped with dynamic risk management tools, Dragon’s Breathe FX offers drawdown protecti
One Sauce FX
Michael Prescott Burney
5 (1)
One Sauce FX is an expert advisor (EA) designed for trading EURUSD on the H1 chart, incorporating a range of structured strategies to identify trading opportunities while maintaining disciplined risk management. The system applies a 1:2 risk-reward ratio with a 100 pip take profit and 50 pip stop loss, supported by features such as Walk Forward Optimization, profit locking, dynamic trailing stops, partial close inputs, holiday trading adjustments, and time-based exits. Built for consistency and
Detroit Smash FX
Michael Prescott Burney
Detroit Smash FX is an expert advisor (EA) designed for trading USDCAD on the H1 chart, integrating precision trade execution with structured risk management. It supports both dynamic and fixed lot sizing, allowing traders to customize exposure based on account size and risk preference. The system features a trailing stop mechanism, break-even profit protection, and defined take-profit settings to manage gains and control losses effectively. Capable of handling up to 100 open positions, Detroit
Mary Pippins FX
Michael Prescott Burney
Mary Pippins FX is an expert advisor (EA) designed for trading GBPUSD on the H1 chart, integrating over 150 structured strategies to identify market opportunities while maintaining disciplined risk management. It applies a 1:2 risk-reward ratio with a 100 pip take profit and 50 pip stop loss to balance trade execution and risk control effectively. Built for stability and consistency, the system optimizes trade setups to align with market conditions. Mary Pippins FX provides traders with a struc
Super Euro FX
Michael Prescott Burney
Super Euro EA is an expert advisor (EA) designed for trading EURUSD on the H1 chart, utilizing a structured algorithmic approach for steady market engagement with tight risk control. Backtested over 15+ years (2008–2024), it demonstrates consistent performance with a high win rate and controlled drawdowns. The system executes trades based on optimized market signals, maintaining a low balance drawdown of 6.55% and equity drawdown of 8.31%. It incorporates risk-adjusted performance measures, sup
AUD Nexus
Michael Prescott Burney
AUD Nexus is an expert advisor (EA) designed for trading AUDUSD on the H1 chart, integrating structured trade execution with advanced risk management. It supports both dynamic and fixed lot sizing, utilizing ATR-based stop-losses, trailing stops, break-even adjustments, and defined profit targets to manage risk effectively. Configurable for up to 100 open positions, AUD Nexus allows both long and short trades or can be set to sell-only mode. Built-in account protection features include maximum
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stucan
418
stucan 2024.03.22 10:22 
 

This EA from Michael doesn't really convince me at the moment. The ratio of the number of winning trades is not bad, but the loss with just one negative trade is simply too high. I wouldn't recommend the EA at the moment. However, I will continue to test this. If you are interested in my current public demo account, where I also test other EAs from Michael, please write to me. Use Myfxbook for this. I posted a screenshot of this EA and its trades in the comments. I will adjust my rating if anything changes.

Michael Prescott Burney
39832
Reply from developer Michael Prescott Burney 2024.03.22 10:31
Stucan, thank you for the informative review on Cherry Red FX! I will use the information to improve the system when i release new updates down the road. I really appreciate you providing useful reviews for the community to reference when deciding to purchase one of my systems. My goal is to provide honest transparent systems that work in real live trading accounts and not just in the back tester.
Teguh Andriyanto
128
Teguh Andriyanto 2024.02.15 16:10 
 

User didn't leave any comment to the rating

Michael Prescott Burney
39832
Reply from developer Michael Prescott Burney 2024.02.15 17:56
thanks for the awesome review of Cherry Red FX!! dont hesitate to contact me with any questions regarding the system or anything else for that matter!!! Have a great day :D
Reply to review
Version 226.8 2024.03.19
ENHANCED WIN RATIO WITHOUT SACRIFICING TRADE FREQUENCY
RAISED TRADE FREQUENCY
ADDED MORE ROBUST STRATEGY INDEX 300 STRATEGIES
BETTER DD CONTROL
FIXED BUGS AND BOTTLENECKS IN THE CODE
Version 225.8 2024.03.05
better trade frequency
fixed bottlenecks in the code
improved the win ratio
Version 25.2 2024.02.29
MORE TRADES
MUCH MORE AGGRESSION
100 STRATEGY INDEX WITH HIGHER FREQUENCY