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Cherry Red FX

100 USD

Demo downloaded: 174

Published: 14 February 2024

Current version: 766.0

Cherry Red FX

Name: Cherry Red FX
Price: 100.00 USD
Rating: 4 (1 reviews)
Author: Michael Prescott Burney

Experts
Michael Prescott Burney
Michael Prescott Burney
Trader/Developer at EAHQ

United States

70589
3.2 (273)
Hello, I’m Michael P. Burney, a professional trader, trading coach, and Expert Advisor developer specializing in high-performance algorithmic trading systems. I’ve earned my stripes in the metals markets through years of real-world trading—enduring losses, setbacks, and hard lessons that ultimately

193 products 5 comments
Version: 766.0
Updated: 8 February 2026
Activations: 20

Automated USDJPY Trading System for MetaTrader 5

Cherry Red FX is a professional Expert Advisor developed specifically for USDJPY on the H1 timeframe within the MetaTrader 5 platform. The system is built around structured market analysis and rule based execution to maintain consistency across varying volatility conditions. Designed for automation, it removes emotional decision making from the trading process. Cherry Red FX focuses on disciplined entries and predefined exit coordination for stable performance on USDJPY.

H1 Timeframe Strategy with Structured Stop Loss and Take Profit Logic

Operating exclusively on the USDJPY H1 chart, Cherry Red FX evaluates trade setups at each new candle formation for reliable backtesting and live execution alignment. Stop loss placement is derived from structured price logic rather than arbitrary fixed distances. Take profit levels are calculated in relation to the defined stop distance to maintain a consistent risk to reward framework. This approach allows traders to operate with calculated exposure in the forex market.

Simple Setup with Configurable Risk Management

Cherry Red FX is designed for straightforward installation and quick configuration inside MetaTrader 5. Clear input parameters allow traders to adjust risk per trade while preserving the integrity of the core trading algorithm. The system supports structured lot sizing methods to align with individual account management preferences. Once attached to the USDJPY H1 chart, the EA executes automatically according to its predefined rules.

Professional USDJPY MT5 Expert Advisor for Systematic Trading

Cherry Red FX is optimized for execution efficiency and compatibility with standard brokerage environments. The strategy emphasizes trade quality and controlled participation rather than excessive signal frequency. It is suitable for traders searching for a USDJPY MT5 Expert Advisor, automated forex trading robot, or H1 timeframe trading system. Cherry Red FX delivers a structured and systematic approach to USDJPY trading within the MetaTrader 5 environment.

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417

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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Introducing the New and Enhanced Straight Pippin EA for EURUSD H1 Dive into the next evolution of the Straight Pippin EA, reimagined for EURUSD H1 and backed by the strength of extensive data and analysis. Features & Benefits : Deep Data Analysis : Our EA is designed using insights from EURUSD data dating back to 2007, ensuring a robust foundation for the strategies it employs. Tenfold Strategic Approach : Straight Pippin now boasts 10 rigorously optimized and time-tested strategies, each contri

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Kaiju X is an automated trading system developed for USDJPY on the H1 chart. It is designed to provide a structured and disciplined approach to market participation, with trading logic focused on consistency, stability, and practical execution. The system is built for traders who want a specialized solution tailored to one of the most actively traded currency pairs in the forex market. The strategy is centered on clear trade logic and controlled risk handling. Positions are managed according to

30 USD

Prop Farmers EA – EURUSD EA with Low Risk for Prop Firm Accounts Prop Farmers EA is a precision-built EURUSD EA with low risk for prop firm accounts designed for traders who want structured automation, disciplined execution, and tighter control over account exposure on MetaTrader 5 . Developed specifically for EURUSD H1 , this automated trading system is built around a professional framework that prioritizes stability, consistency, and controlled market participation rather than reckless trade f

100 USD

COSMOS EA: Your Gateway to Advanced EURUSD Trading on the H1 Chart COSMOS EA is a cutting-edge Expert Advisor meticulously designed for the EURUSD market on the H1 timeframe. Engineered with precision, it incorporates a diverse arsenal of 30 strategies, making it a versatile tool for traders aiming to capitalize on the volatility and trends of one of the most traded currency pairs in the forex market. Strategic Diversity and Precision At the heart of COSMOS EA lies its comprehensive strategy su

FREE

Prop Masters FX – GBPUSD EA with Low Risk for Prop Firm Accounts (H1) Prop Masters FX is a precision-built GBPUSD EA with low risk for prop firm accounts designed for traders who require disciplined execution, controlled exposure, and consistent performance on MetaTrader 5 . Optimized specifically for the GBPUSD H1 timeframe , this expert advisor focuses on structured automation that aligns with the strict requirements of funded and proprietary trading environments. For traders searching for a p

100 USD

Gold Digger FX – Gold Scalping Robot MT5 Low Risk for XAUUSD H1 Gold Digger FX is a precision-engineered gold scalping robot MT5 low risk designed for traders who want fast, structured execution with controlled exposure on XAUUSD H1 . Built specifically for MetaTrader 5 , this expert advisor focuses on short-term market opportunities while maintaining a disciplined and risk-aware trading framework. For traders searching for a low risk gold scalping EA MT5 , XAUUSD scalping robot MT5 , or a safe

100 USD

BUY ONE GET ONE FREE WITH ANY PURCHASE! Introducing Lifter EA: A Revolutionary Approach to USDCAD M15 Trading Unlock the potential of the USDCAD M15 chart with the innovative Lifter EA, designed for traders seeking a comprehensive solution to conquer market volatility. Engineered with precision, Lifter EA encompasses a dynamic array of 30 strategies, meticulously curated to harness the power of trend analysis, hedging techniques, and scalping strategies. This expert advisor is your key to navig

FREE

BUY ONE GET ONE FREE WITH ANY PURCHASE! The Indices Suites EA is a sophisticated trading tool designed for the US30 H1 chart, embodying a diverse arsenal of 74 strategies that leverage trend analysis, hedging techniques, and scalping methods. Uniquely, this EA discards the conventional use of stop loss (SL) and take profit (TP) limits, instead employing a dynamic reversal mechanism as a strategic alternative to mitigate drawdown (DD). This innovative approach allows for a more fluid and respons

30 USD

Key Features of the Prop Sickle EA: Tailored for AUDCAD H1 Market : Expertly designed for the AUDCAD pair, the Prop Sickle EA leverages unique market insights and behaviors, offering traders a specialized tool for this currency pair. Diverse Strategy Arsenal : The EA boasts a comprehensive collection of 30 optimized strategies. These strategies have been rigorously tested and refined to ensure they meet the high standards required for successful trading in prop firm environments. Prop Firm Acc

30 USD

Discover the unmatched prowess of Fireball EA, your new indispensable tool for the EURUSD M15 market. Since its inception in 2020, Fireball EA has consistently demonstrated an exceptional win rate, setting a new benchmark in automated trading efficiency. Engineered with meticulous attention to detail, this Expert Advisor combines advanced trading algorithms with unparalleled drawdown (DD) control, ensuring your capital is managed with the utmost precision. Fireball EA is equipped with a state-o

30 USD

BUY ONE GET ONE FREE WITH ANY PURCHASE! Introducing Time Travel EA, a cutting-edge expert advisor engineered for the EURUSD M5 chart. This powerful tool employs an advanced blend of 18 distinct strategies, incorporating scalping, hedging, and trend methodologies to masterfully navigate the forex market. Time Travel EA is designed to optimize your trading experience, ensuring every move on the chart is capitalized upon. Its scalping strategy is perfect for traders looking to profit from small pr

30 USD

Introducing the reimagined Safari RX – a testament to the relentless pursuit of perfection and a nod to one of the original visions in our lineup of Expert Advisors (EAs). Originally pulled for enhancements, Safari EA has now triumphantly returned, fully optimized and more powerful than ever, with a specific focus on heavy drawdown (DD) control while maximizing profits on the GBPUSD M5 chart. The Revival of Safari EA Safari EA holds a special place in our history as one of the first ideas that

480 USD

EURJPY (1H CHART) Trading Performance Summary This trading account has shown remarkable performance with a detailed breakdown of various key statistics. Let's take a closer look at the insights provided by these numbers: Historical Data Quality : The data spans over an extensive 23,535,520 bars, indicating robust backtesting and analysis. Initial Deposit : The trading journey started with an initial deposit of $3,000. Total Net Profit : Over time, the total net profit has grown to an impressive

30 USD

UPDATED AS OF 3.17.2024 WITH NEW QUALITY CONTROL UPDATE FOR PERFORMANCE VALIDATION! Title: Riptide EA – The Pinnacle of NZDUSD H1 Trading Overview: Harness the dynamic nature of the forex market with Riptide EA, meticulously crafted for the NZDUSD H1 chart. This Expert Advisor is the result of an extensive and rigorous development process, combining state-of-the-art indicators with a proven track record of profitability and stability. Designed to elevate your trading strategy, Riptide EA provid

30 USD

Introducing Apollo RX Remaster: a fearless evolution of the original, designed for those who dare to trade with audacity. This isn't just an update; it's a complete overhaul, boasting an entirely new strategy index crafted for an unconventional currency pair. With wider stop loss (SL) and take profit (TP) placements, Apollo RX demands a trader's full commitment to each maneuver on the market. The system's core is built for the thrill of the chase, for traders who thrive on the pulse of aggressi

30 USD

UPDATED AS OF 3.17.2024 WITH NEW QUALITY CONTROL UPDATE FOR PERFORMANCE VALIDATION! "Unleash the power of "Medusa," a cutting-edge EA designed for the USDCHF H1 chart. With 300 brand-new strategies meticulously crafted for optimal performance, Medusa offers a unique approach to trading that is both innovative and effective. Since March 16, 2021, to March 16, 2024, Medusa has maintained an impressive 90% win rate, showcasing its ability to identify profitable trading opportunities with precision

30 USD

BUY ONE GET ONE FREE WITH ANY PURCHASE! Introducing Olympus EA, a pioneering expert advisor crafted for the SPX500 (USA500) on the H1 chart. This advanced system transcends traditional stop loss (SL) and take profit (TP) mechanisms, opting instead for a sophisticated exit signal strategy. By monitoring a series of specific conditions on the chart, Olympus EA identifies the optimal moment to exit trades, ensuring decisions are made with precision and efficiency. Understanding the volatility and

30 USD

Introducing "PEGASUS EA," a refined trading assistant for the UK100 on the H1 timeframe. With a suite of 100 diverse strategies, PEGASUS EA is designed to navigate the complexities of the market. Its focus lies in providing a balanced approach, catering to various trading scenarios while maintaining stability. The tool is especially crafted for those with a deep understanding of market dynamics, suitable for larger accounts that are comfortable with leveraging their positions. PEGASUS EA stands

30 USD

Meet "ODYSSEY EA," a specialized trading tool for Brent Crude Oil on the H1 timeframe. Designed with a focus on strategy diversity, it features 100 carefully developed approaches to adapt to various market scenarios. Notably, ODYSSEY EA emphasizes a reduced drawdown after initiation, aiming to create a more stable trading environment. This aspect is particularly useful in managing sudden market shifts, providing users with time to assess and respond strategically. Tailored for experienced trade

30 USD

Introducing the "BETTY WHITE Expert Advisor" – your automated solution for trading the USD/JPY currency pair on the 15-minute (M15) timeframe. This powerful EA comes with a range of features and benefits that cater to both novice and experienced traders: **Key Features and Benefits:** 1. **Efficient Trading Automation:** The BETTY WHITE EA is designed to streamline your trading process. It can analyze market conditions and execute trades on your behalf, saving you time and effort. 2. **Custo

30 USD

**Introducing the Kraken EA for USDCAD on the 15M Chart!** Are you a day trader looking to seize opportunities in the ever-volatile USDCAD market? Look no further! The Kraken EA is here to provide you with a sophisticated, AI-driven trading solution. **Key Features:** **Five Handcrafted Strategies:** The Kraken EA is armed with not one, but **five unique trading strategies** meticulously designed to cater to different market conditions. This versatility ensures that you can capitali

30 USD

Introducing the new Flaming Dragon EA for USDJPY on the 5-minute chart – your cutting-edge trading algorithm designed to ignite your forex trading with unparalleled precision and control. Harness the might of 100 unique trading strategies, each crafted to operate independently yet in perfect synchrony, providing a robust and diversified approach to the USDJPY pair. The Flaming Dragon EA is an exhibition of trading prowess, opening up to 100 positions when the stars align, and the precise conflue

45 USD

Revitalizing the trading scene with the freshly redesigned Collider EA, we are proud to introduce an innovative tool tailored for the EURUSD on the 5-minute chart. The Collider EA emerges with a distinct strategy focused on precision and accuracy, setting a new standard for algorithmic trading. Strategic Precision in Trading Each trade executed by Collider EA is meticulously calculated, aiming for a 2:1 risk-to-reward ratio, with an approximate 20 pip stop loss and a 10 pip take profit. This st

30 USD

BUY ONE GET ONE FREE WITH ANY PURCHASE! Introducing Dax Dynamo EA, a revolutionary expert advisor meticulously engineered for the GER30 H1 chart. With an arsenal of 47 uniquely integrated strategies, Dax Dynamo transcends conventional trading methods by employing scalping, hedging, and trend trading techniques. This fusion of strategies empowers the EA to navigate through the market's volatility, adapt to its fluidity, and capitalize on its movements with unmatched precision. Dax Dynamo sets it

30 USD

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stucan 2024.03.22 10:22 #

70589

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.

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Teguh Andriyanto 2024.02.15 16:10 #

User didn't leave any comment to the rating

70589

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