Cherry Red FX

Cherry Red FX

An automated forex trading EA for USDJPY H1

Designed for

  • structured risk management
  • long-term stability

This MT5 Expert Advisor uses

  • a fixed 1:10 risk to reward ratio on every trade,
  • advanced trailing stop automation to lock in profits and reduce pullback losses.

Built for traders seeking a set and forget trading system, Cherry Red FX delivers

  • precise entry execution
  • tight stop loss control
  • a set and forget trading system
  • automatic take profit management without complex optimization

The system is optimized for USDJPY H1 trading and focuses on

  • consistent performance
  • disciplined SL and TP placement
  •  intelligent trade management

for Meta Trader 5 users.

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EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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stucan
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stucan 2024.03.22 10:22 
 

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Michael Prescott Burney
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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
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Teguh Andriyanto 2024.02.15 16:10 
 

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Michael Prescott Burney
58047
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
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