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Red Hawk MT5

5

NEW PROMO:

  • Only a few copies copies available at 349$
  • Next price: 449$
Make sure to check out our "Ultimate EA combo package" in our promo blog!


Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market.

It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD.

Recommended timeframe: M5

Recommended for HEDGING MT5 account types only!


Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker.

IMPORTANT FOR AUTOGMT: Add the address 'https://www.worldtimeserver.com/' in the list of allowed URLs on tab 'Expert Advisors'

Recommended broker: ICMarkets.com or Alpari.com

Recommended VPS: 4xhosting.com

Live results: https://www.mql5.com/en/signals/797464


The EA already has a live track record of many months of stable trading with low drawdown. (check comments page for updates on live performance)

The strategy uses a safety stoploss and takeprofit for each trade, and multiple trailing stoploss techniques are implemented to minimize the risk and the maximize the profits.

This EA does NOT use any risky trading techiques like grid or martingale.

The EA runs fully automatically and does not require any manual interventions.  It utilizes many internal filters, to make sure it will not trade when the markets are not ideal (like big spreads, or "hectic" markets).  However, I do recommend to turn off the system on extreme news days, like US Elections for example.


Setup:

The EA is very easy to set up.  Simply run the EA on a M5 chart for each of the supported currency pairs.  And select your risk.

You do not need any .set files, as all the settings are stored internally in the EA for the optimized pairs.

You may have to change the GMT setting, if your broker uses a different GMT offset than:

  • GMT offset winter = +2
  • GMT offset summer = +3

This GMT offset is mostly used by brokers.  However, if your broker uses different GMT offsets, you must change the "GMT offset (winter)" parameter, to the value that your broker uses during winter.  If you are unsure, please check with me.  It is important that the EA trades at the correct hours.


The risk can be set as follows:

  • by default the EA uses a fixed lotsize of 0.01lots.  You can change the fixed lotsize by change the parameter "StartLots"
  • You can also select an automatic lotsize, either by balance, or by risk per trade
  • Lotsize by balance: the EA will use 0.01lots for every X amount of balance (set in the LotsizeStep).  So a lotsizeStep=250 would mean: 0.01lots for each 250$ in the account.  At 500$, the EA will trade at 0.02lots and so on.  For Low Risk, use LotsizeStep=250.  For Medium Risk, use LotsizeStep = 125.  For High Risk, use LotsizeStep = 60. (Please adjust these numbers if you are running in different currency than $/€)
  • Lotsize by risk: you can set the "Maximum" risk per trade.  This mean that if the initial SL would get hit, it would be a maximum loss of X % of the balance.  The initial SL is almost never hit though, since the trailingSL will kick in almost immediately.
  • For predefined low/medium/high risk sets, you can check our this post: https://www.mql5.com/en/market/product/57306#!tab=comments&page=1&comment=19082457


Remember: Trade only with money that you can afford to lose.  Historical performance is never any "guarantee" for future performance.  Always start trading with a demo account, or low risk setup, to make sure this kind of strategy is what suits your trading style.










































Reviews 7
Xinhe Xiang
1225
Xinhe Xiang 2021.12.21 08:52 
 

★☆★☆★.在 MQL5 购买的众多主流 EA 中,好评五星级。头皮中的稳定王者,另一个收割者刷单舒服单子多,作者的EA都有都强大。 兴趣交流腾讯微信=917552750。★☆★☆★

Victor Minaev
2353
Victor Minaev 2021.07.15 14:10 
 

Good!

Tobias Kaan Iris
309
Tobias Kaan Iris 2021.07.15 09:35 
 

Just purchased. 5Stars for great support & assistance from Wim. Setting EA live today on VPS. Will update review with live results later...

After 1st week: 9 Symbols, 4 Trades, 4 x TP

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Introducing  Index Sniper Pro EA . It is a Fully Automatic Index (US30) System trading early US Open. No  Martingale,  No  Grid , No Averaging ***********Upcoming Features*********** NAS100 Set File - WIP S&P500 Set File - Done and Testing Buy only and Sell only Settings - Released Individual TSL and SL settings for Buy and Sell Orders - Released Current Price: $349--> (Next price $499) Live signal: With Default Settings on US30 symbol https://www.mql5.com/en/signals/2255171 Features
Signal Account  (running 0.75% Balance Risk) If you need MT4 version or can't afford renting/purchasing contact me for alternative solution. Join  Nexus Community Public Chat This EA is part of   Nexus Portfolio  - a combination of the b est long term EAs I created for my personal trading as well as private fund management. The best NON martingale, grid or averaging EA in mql5 market. Most other EAs only sell backtest dream. This is the only EA that can perform closely in live trading as in bac
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Lo Thi Mai Loan
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Welcome to Diamond Ultimate!!! The EA provides clear LIVE ACCOUNT SIGNALS. BACKTEST GUIDE LAUNCH PROMO: Only 2 copies left at the current price! Final price: $4993.99 BONUS - BUY LIFE TIME Diamond Ultimate GET FREE 1 EA =>   Ask in private for more details!!! Download Set Files MT4 Version Diamond Ultimate combines algorithms based on various price actions with 13 years of market experience to execute orders and manage capital. All trades have clear stop loss and take profit levels. The
Apocalypse Gold
Xian Qin Ceng
5 (8)
Many people like to trade XAUUSD, and I am no exception. After accumulating some trading experience and working hard, I created this Apocalypse XAU EA specifically for trading all XAU-related products, such as XAUUSD/XAUEUR/XAUGBP/XAUCHF/XAUJPY/XAUAUD. However, considering that many people may not need to trade all XAU currency pairs, but only need to trade XAUUSD, an entry-level EA becomes very meaningful. So I decided to create Apocalypse Gold, an EA specifically for XAUUSD trading. Signal di
Gold Scalper Trading MT5
Ho Tuan Thang
3.83 (29)
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. - REAL SIGNAL: Default Setting:  https://www.mql5.com/en/signals/2251841 Gold Scalper Trading is an EA that uses a complex trading methodology that includes cross-market analysis to find scalpable entry points with XAUUSD, one of the market's wildest running pairs. EA uses stop loss for all orders, only 1 order and does not use any dangerous trading methods: No grid, no martingale,... Gold Scalper Trading is o
Diamond Titan FX
Lo Thi Mai Loan
4.36 (22)
Hello, I am Diamond Titan FX. This EA is specially designed for US30 pairs. The EA does not use any risky strategies like Martingale or Grid. By default, the EA sets a fixed SL of 50 pips for each trade, but you can change it if you wish. The EA also implements a trailing stop that locks in profits from 10 pips, which you can modify. It features a drawdown management function for the entire account. The EA includes a news filter option if you want to disable trading during news events. Special:
Gold Harvest MT5
Abdul Jalil Mridah
4.33 (3)
Promotional s uper discount  for today   for few copies .  Prices may increase at any time. Final price will be 4999 USD. Set Files for Gold Harvest MT5   and  Live Signal Please just change Risk Level (1-80). No need other field change and Risk Level 2 = 2% risk for 1000 equity or above. It's only good works on XAUUSD H1 Timeframe. This robot is profitable. This robot requires minimum deposit of 100 equity. You can get good results with it. You can test it first . It will increase the volume i
AI-Driven Technology with ChatGPT Turbo Infinity EA is an advanced trading Expert Advisor designed for GBPUSD and XAUUSD. It focuses on safety, consistent returns, and infinite profitability. Unlike many other EAs, which rely on high-risk strategies such as martingale or grid trading. Infinity EA employs a disciplined, profitable scalping strategy based on neural network embedded over machine learning, data analytics AI based technology provided by latest ChatGPT version to make your overall tra
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NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our   promo blog ! Grid King is a revolution in grid trading.  The main focus when developing the EA was safety, by eliminating the margin-call risk which is usually associated with most grid systems on the market.  It also strives to achieve much higher returns than the average grid system, by spreading risk amongst multiple pairs and strategies which all have a li
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Xinhe Xiang
1225
Xinhe Xiang 2021.12.21 08:52 
 

★☆★☆★.在 MQL5 购买的众多主流 EA 中,好评五星级。头皮中的稳定王者,另一个收割者刷单舒服单子多,作者的EA都有都强大。 兴趣交流腾讯微信=917552750。★☆★☆★

Victor Minaev
2353
Victor Minaev 2021.07.15 14:10 
 

Good!

Tobias Kaan Iris
309
Tobias Kaan Iris 2021.07.15 09:35 
 

Just purchased. 5Stars for great support & assistance from Wim. Setting EA live today on VPS. Will update review with live results later...

After 1st week: 9 Symbols, 4 Trades, 4 x TP

Paslariu Marius
155
Paslariu Marius 2021.05.04 19:44 
 

For me this is the best EA ever,I had until now over 60 trades on 2 accounts(real money) and only 4 losses(quite small ones) .I totally reccomend because you can easily understand its logics and it`s better than any human execution

MARKMERCY2012
40
MARKMERCY2012 2020.12.10 15:41 
 

Too early for me to comment, this is 2 days of my purchase

JBarck
336
JBarck 2020.12.02 19:21 
 

User didn't leave any comment to the rating

Yong Ket Hoong
441
Yong Ket Hoong 2020.11.10 09:16 
 

User didn't leave any comment to the rating

Reply to review
Version 3.8 2023.03.13
- fixed issue with trading on Sunday
Version 3.7 2023.02.07
fixed bug
Version 3.6 2023.01.27
fixed bug concerning "start trading on market opening"
Version 3.5 2022.12.19
Version 3.5
- Added option to disable trading on market opening after the weekend
Version 3.3 2021.10.19
Version 3.3
- fixed autoGMT bug (very rare)
Version 3.1 2021.10.13
Version 3.1
- Added OneChartSetup
- Optimized EA's code
- Added Spread Filter and Rollover filter
- Changed GMT calculation method
Version 2.3 2021.09.19
added manual GMT option
Version 2.2 2021.07.07
Added FIFO option
Version 2.1 2021.03.11
fixed issue on infopanel where lots were displayed with too many zeroes in the end
Version 2.0 2021.03.11
improved EURUSD
Version 1.85 2020.12.09
fixed potential problem with some broker to find open trades
Version 1.84 2020.12.02
onechartsetup for live trading enabled
Version 1.83 2020.11.20
fixed problem for brokers that return negative ticket numbers
Version 1.82 2020.11.12
small internal optimizations
Version 1.81 2020.11.06
fixed small bug