Red Hawk EA V3.8 MT4 with setfiles

Overview of Red Hawk EA

Red Hawk EA is a sophisticated mean reversion trading system that operates during the quiet times of the market, specifically designed for stability and low drawdown. This EA is tailored for 9 currency pairs and is optimized for the M5 timeframe. It is fully automated, making it suitable for traders seeking a hands-off approach while ensuring robust risk management through its internal filters and safety measures.

• Vendor:  https://www.mql5.com/en/market/product/54229 
• Original Price: $129 USD

Key Features of Red Hawk EA

• Strategy: Mean reversion trading during quiet market times
• Trading Times: Quiet times of the night (around rollover time)
• Trade Type: Fully automated, no manual intervention needed
• Drawdown: Very low drawdown with safety stop-loss and take-profit features
• Return per Month: Approximately 20% overall growth from live results
• Recommended Timeframe: M5
• Currency Pairs: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD, USDCAD
• Recommended Broker: ICMarkets.com, Alpari.com
• Recommended VPS: 4xhosting.com

Red Hawk EA Settings

• Platform: MetaTrader 4 (MT4)
• Currency Pairs: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD, USDCAD
• TimeFrame: M5
• Minimum Account Balance: $500

Red Hawk EA Review

Red Hawk EA has proven itself with both backtest and live results, showcasing consistent performance with low drawdown. User reviews highlight its reliability, though some note it trades less frequently than expected.

Backtest Results

• Total Profit: 221118.66%
• Drawdown: 11.17%
• Winning Percentage: 79.95%
• Monthly Average Profit: 2105.89%

Live Results

• Maximum Drawdown (DD): 2.23%
• Risk Level: Very Low
• Performance Period: Since 2020
• Overall Growth: Approximately 20%

User Reviews

• Morteza Hosseini: “Good EA!”
• Yat Lam Mok: “Tried with few brokers and the number of trades is much less than expected which shown on the backtest result. To me, it’s really not worth investing money in this EA as there are other better options.”
• thatwazmysn: “I have been using this EA for one year. It doesn’t trade a lot and is very slow. But it is very consistent and low drawdown. I just set it and forget it.”
• Lucy: “The EA would need a time closing function so that we could avoid huge losses with strong movements during Tokyo, London sessions.”

Advantages and Disadvantages

Advantages:

• Fully automated trading
• Low drawdown
• No risky strategies like grid or martingale
• Comprehensive internal filters for optimal trading conditions
• Easy setup and use

Disadvantages:

• Performance may vary with different brokers
• Less frequent trades than some users expect
• Potential need for manual adjustments during extreme news events

Instructions for Installing Red Hawk EA

1. Download and Install EA: Obtain the Red Hawk EA file and install it on your MetaTrader 4 platform.
2. Set Up EA on Chart: Run the EA on an M5 chart for each supported currency pair.
3. Adjust GMT Settings: Ensure the GMT offset is correctly set based on your broker’s time settings.
4. Configure Risk Parameters: Set your preferred risk level by adjusting the lot size or risk per trade.
5. Activate EA: Start the EA and monitor its performance, making sure to turn it off during extreme news days.

Red Hawk EA MT4 Download:

• Link download expert: Red Hawk EA MT4 .ex4
• Presets

Download link, Installation guide (if any) will be sent immediately via email after your purchase, or you can directly download it from the website, under the section: My account -> Download.

Payment:

• Payment Options: PayPal, credit card, USDT TRC20, Binance Pay

Risk Warning:

• Forex trading is highly risky and can lead to the total loss of your investment; use Forex EAs cautiously and they cannot replace your trading decisions.
• Past performance is not a guarantee of future profits.
• Always test EAs on a demo account before applying them to a live account.