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Red Hawk EA

!! ONLY 1 LEFT AT 349$ !!

NEXT PRICE: 399$

MT5 VERSION CAN BE FOUND HERE

FOLLOW LIVE RESULTS HERE

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


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

Recommended broker: ICMarkets.com or Alpari.com

Recommended VPS: 4xhosting.com


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/54229#!tab=comments&page=2&comment=18933463


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 9
wb2169
44
wb2169 2021.03.22 20:22 
 

Consistently profitable. Another great EA by Wim!!!

Paco Rabs
237
Paco Rabs 2021.02.08 14:15 
 

Great EA. I use this with a Peperstone Razor account, and started with a small amount just to test see how it performs and I've faced no issue. Very stable EA with good risk management.

Robert
217
Robert 2021.02.05 02:37 
 

Just purchased the EA two days ago. Set up the EA exactly with the pairs recommended and with the medium risk. In two days, the EA is 4 for 4 winning two trades on the AUDCAD and two trades on the GBPUSD. Thanks again for another great EA Wim. Thank you again for the great customer service.

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Live Signal 1: https://www.mql5.com/zh/signals/783756 Live Signal 2: https://www.mql5.com/zh/signals/630041 The Recommend pairs : AUDCAD    / EURAUD / EURCAD /  CHFJPY  / USDCHF / USDJPY   Peculiarities The EA must be attached to ONLY one M15 chart. Use an EURUSD chart is recommended.   Multicurrency transactions to share the risk of loss. Does not require optimization and configuration. Uses ready-made strategies. Flexible risk management system.  Advanced algorithm for entering and exiting th
375 USD
Euro Master
Euro Master
Stanislav Tomilov
Price: $499 2 of 10 copies left at this price Next price $599 Live signal #1  https://www.mql5.com/en/signals/866039 Live signal #2 https://www.mql5.com/en/signals/966734 BEST BROKER #1 Telegram channel:  https://t.me/aura_gold_ea Euro Master is an advanced, fully automated Expert developed to trade with EURUSD. Experts use unique artificial intelligence technology for market analysis to find the best entry points. EA contains self-adaptive market algorithms with reinforcement learning elements
499 USD
Medusa X
Medusa X
Oon Kar Lee
ONLY 3 OUT OF 10 COPIES AT $399  Next price will be $449.  (Real Profit, Real Trades, Real Signal) After your purchase, drop me a PM.   MEDUSA X is a Revolutionary Momentum and Pullback Algorithm Expert Advisor, specializing on the low spread major pairs, GBPUSD and USDCHF. Dedicated to produce phenomenal performance for its users by strictly adhering to years of mathematical and statistical methods. Real Live Monitoring: https://www.mql5.com/en/signals/884837 Announcement Channel: http
399 USD
Gold Fx Pro
Gold Fx Pro
Bruna Akemi Da Silva Nakamura
EA GOLD FX_PRO  Read carefully: E's exclusive for the asset (XAUUSD) unique and exclusively (XAUUSD) .Time Frame H1 Gold FX-PRO is a fully automated and fully designed to negotiate only Xauusd. It is based on the analysis of indicators of genetic algorithms. EA contains a self-adaptive market algorithm, which uses pricing patterns and customized trading indicators with artificial intelligence algarpy. The specialist informs stable results in the Xauusd in the period 2011-2020 and in 2018-2021.
450 USD
EuroTrend4
EuroTrend4
Sergej Sergienko
Price: $499 3 of 10 copies left at this price Next price $599 Live Signal https://www.mql5.com/en/signals/951561 Signal      https://www.mql5.com/ru/signals/907932 Version for mt5   https://www.mql5.com/ru/market/product/60509?source=Site+Profile+Seller The work of this EA based on machine learning algorithms with using standard indicators of mt5 trading platform. EuroTrend4 uses next indicators: Moving Average, Bulls Power, Bears Power, ATR. EA open deals only with trend. There is possibility 
499 USD
Voltage Balance Booster
Voltage Balance Booster
Elena Ivanova
Voltage Balance Booster is arbitrage multicurrency Expert Advisor. The Expert Advisor works with one or several groups of currencies. One group is seven currency pairs with one common currency. Signal using default setting. Default settings set for 100 usd. For bigger balance you need proportionally set LOTS and PROFIT settings. In a certain period of time, the advisor determines a pair of orders where the mathematical expectation is maximum. After a while, if deals are not closed and profits a
499 USD
Rooster
Rooster
Maxwell Matey
Rooster  EA ️️️️ Rooster result of more than 3 year testing strategy in market. All you need is rent VPS with low latency, i.e London base vps Pairs: EURUSD , GBPUSD , USDCHF Use Time Frame M1 - M15 ( v.1.4 and above) Set file download here(coming soon) Easy to use: 1. After installation change Time Frame to M1 ( 1 Minute ) - M15 2. Change MM to TRUE i suggest you test this EA for 1 month with demo account and when see result try Real account. After your Purchase
399 USD
Oil Expert
Oil Expert
Vadim Korolyuk
A trading expert trades with a strong trend, placing pending orders. The robot does not use indicators. To protect your account from trading during spread extensions, the MaxSpread parameter has been added, in which you specify the maximum allowable spread for trading. Closing deals carried out at the beginning of a trend reversal. Recommended Settings Oil (Brent); Timeframe: H1; Minimum deposit: $ 500; External variables Lots - fixed lot volume; LotSizePlus - volume increase of the next lot; Mo
350 USD
FrankoScalp
FrankoScalp
Konstantin Kulikov
I have been developing, testing and correcting this automated scalping system for a long time: https://www.mql5.com/en/signals/author/test-standart .   Last settings for EA in the comment: #2025   Telegram channel with news:   https://t.me/EAFXPRO   Telegram group for questions and discussion:   https://t.me/EAFXPRO_chat Currency pairs for which sets are developed: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY
397 USD
True Range Pro
True Range Pro
Smart Forex Lab.
Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo  (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed / Auto volume Optimized in 2016-2020 ( Weltrade  100% history quality) Backtesed in 2010-2020  ( Weltrade  100% history quality) True Range Pro MT5 >>  https://www.mql5.com/en/market/product/54578 Set files   https://www.mql5.com/en/blogs/post/72678
395 USD
AW Swing Trading EA
AW Swing Trading EA
Alexander Nechaev
An advanced tool for swing trading on corrective price movements. It works on trend rollbacks in the direction of its continuation, the size of the required correction is determined by the current volatility of the instrument or manually by the trader. After detecting a correction along the current trend, the EA waits for a signal to complete the correction and continue the trend, after which it opens a position. Instructions on how the advisor works -   https://www.mql5.com/en/blogs/post/74281
395 USD
More from author
Advanced Scalper
Advanced Scalper
Profalgo Limited
MORE THAN 3 YEARS OF LIVE RESULTS ALREADY   ->  https://www.mql5.com/en/signals/413850 CURRENTLY AT 60% DISCOUNT OF FINAL PRICE ONLY 1 COPY LEFT AT 390$ Final price -> 990$ !! BUY ADVANCED SCALPER AND RECEIVE 1 EA FOR FREE !!* (*conditions apply, contact me after purchase) !! READ SETUP GUIDE BEFORE RUNNING THE EA !!  ->  https://www.mql5.com/en/blogs/post/705899 Advanced Scalper is a professional trading robot that has been in development for many years. It uses very advanced exit-al
390 USD
Advanced Scalper MT5
Advanced Scalper MT5
Profalgo Limited
MORE THAN 3 YEARS OF LIVE RESULTS ALREADY   ->  https://www.mql5.com/en/signals/413850 CURRENTLY AT 60% DISCOUNT OF FINAL PRICE ONLY 1 COPY LEFT AT 390$ Final price -> 990$ !! BUY ADVANCED SCALPER AND RECEIVE 1 EA FOR FREE !!* (*conditions apply, contact me after purchase) !! READ SETUP GUIDE BEFORE RUNNING THE EA !!    ->  https://www.mql5.com/en/blogs/post/705899 Advanced Scalper is a professional trading robot that has been in development for many years. It uses very advanced exi
390 USD
Grid King
Grid King
Profalgo Limited
!! ONLY 1 LEFT AT 390$ !! NEXT PRICE: 790$ 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 limited effect on the account-equity.  Where almost all grid systems will blow your account when things get
390 USD
Advanced Scalper Essential Edition
Advanced Scalper Essential Edition
Profalgo Limited
ADVANCED SCALPER - ESSENTIAL EDITION takes the best from MQL5's Bestseller "Advanced Scalper". It has already a proven live track record since 2016 ! Recommended broker:  http://icmarkets.com/?camp=48854 Advanced Scalper 'Essential Edition' is a very simple and easy to use EA.  There are no parameters to configure, just run the EA on EURUSD H1 and/or USDJPY H4, select your risk, and the EA will do the rest. This EA takes only the best configurations from the original Advanced Scalper, which hav
199 USD
Red Hawk MT5
Red Hawk MT5
Profalgo Limited
ONLY 1 COPY LEFT AT 349$ NEW PRICE: 399$ 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. Recommended broker:  ICMarkets.com  or   Alpari.com Recommended VP
349 USD
Grid King MT5
Grid King MT5
Profalgo Limited
!! ONLY 1 LEFT AT 390$ !! NEXT PRICE: 790$ 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 limited effect on the account-equity.  Where almost all grid systems will blow your account when things get
390 USD
Gecko
Gecko
Profalgo Limited
Gecko runs a simple, yet very effective, proven strategy.  It looks for important recent high and lows and will trade the breakouts.  The actual execution of this strategy however, is what makes this EA truly shine.  Entry calculations and exit algorithms are not only unique but also very advanced. LIVE RESULTS:  https://www.mql5.com/en/signals/750475 The EA uses many trade management techniques, including but not limited to: a Trailing SL, using multipe parameters to control its function
299 USD
Momentum EA
Momentum EA
Profalgo Limited
MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system and will only place extra trades if the momentum of the trend is continuing. If there is a reversal in the trend, it will not add extra trades. Second str
750 USD
GBPJPY Price Action EA
GBPJPY Price Action EA
Profalgo Limited
This EA is based on 4 well known price action patterns: Pinbars, Inside bars, Engulfing bars, and Breakouts. The EA is programmed to detect these patterns in the chart and to trade them using very sound risk management. That means that the EA will always use a SL on all trades, with a low risk per trade. The EA is a swing-system so that means it will trade big moves in the market. The big advantage of this, is that it will not really be affected by slippage and spread-widening (withing certain l
150 USD
Night Owl
Night Owl
Profalgo Limited
NIGHT OWL is a night scalper that trades during the most quiet times of the market. Markets tend to range in that period and the EA will trade those ranging movements. Each trade will have an initial stop loss and take profit, but the EA uses also advanced SL management algorithms that will evaluate the strength of the trades and close out early if necessary. The EA works on all pairs that have stable spread and quiet moves during the night. But it is programmed to also handle bigger spreads wit
125 USD
Swing Trade Pro
Swing Trade Pro
Profalgo Limited
SWING TRADE PRO is a swing system based on volatility breakout. It uses strict price action for entering trades. The EA will look for strong price movements and trend reversals, and will monitor 4 timeframes at the same time. It will place maximum 1 order on each timeframe. Each trade will have a predefined SL and TP, but will also use various trade management techniques. One of those techniques consists of monitoring all the open trades on 4 timeframes and adjusting SL to better positions as so
550 USD
Momentum EA BOA
Momentum EA BOA
Profalgo Limited
RE-LAUNCH PROMO: ONLY 1 COPY LEFT AT 350$! NEXT PRICE -> 450$ (final price: 490$) !! THE NEW VERSION (2019) IS THE RESULT OF 3 YEARS LIVE FORWARD TESTING !! Recommended broker:  http://icmarkets.com/?camp=48854 MOMENTUM EA BOA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of tr
350 USD
Grid King LITE
Grid King LITE
Profalgo Limited
Grid King LITE is a budget friendly version of the popular Grid King EA, specially made for those traders that try to find an affordable, high performance EA. The LITE version takes ones of the best performing setups from the original and has almost no parameters to set, which makes it a very easy plug-and-play setup.   If you already own the original Grid King EA, you do NOT need this EA. Live results so far:    https://www.mql5.com/en/signals/619924 Recommended broker:  http://icmarkets.com/
250 USD
AutoGenEA
AutoGenEA
Profalgo Limited
AutoGenEA  is an expert advisor developed purely by Generic Machine Learning.     The EA is developed using a software package, made specifically for developing trading-strategies.  It will generate hundreds of different strategies based on good trading logic.  From this group of generated strategies, the algorithm will do generic mutations and improvements.  Each strategy has been created using a 8 year period of historical data (IN-SAMPLE) and tested again multiple years of OUT-OF-SAMPLE dat
150 USD
Swing Trade Pro MT5
Swing Trade Pro MT5
Profalgo Limited
SWING TRADE PRO is a swing system based on volatility breakout. It uses strict price action for entering trades. The EA will look for strong price movements and trend reversals, and will monitor 4 timeframes at the same time. It will place maximum 1 order on each timeframe. Each trade will have a predefined SL and TP, but will also use various trade management techniques. One of those techniques consists of monitoring all the open trades on 4 timeframes and adjusting SL to better positions as so
350 USD
Momentum EA boa MT5
Momentum EA boa MT5
Profalgo Limited
RE-LAUNCH PROMO: 1 COPY LEFT AT 350$! NEXT PRICE -> 450$ (final price: 490$) !! THE NEW VERSION (2019) IS THE RESULT OF 3 YEARS LIVE FORWARD TESTING !! MOMENTUM EA is a price action swing system which does 2 things: First strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Take profit or Stop loss, or the EA will close the group of trades when it exceeds a certain profit. It is NOT a grid system
350 USD
Grid King LITE MT5
Grid King LITE MT5
Profalgo Limited
Grid King LITE is a budget friendly version of the popular Grid King EA, specially made for those traders that try to find an affordable, high performance EA. The LITE version takes ones of the best performing setups from the original and has almost no parameters to set, which makes it a very easy plug-and-play setup.   If you already own the original Grid King EA, you do NOT need this EA. Live results so far:    https://www.mql5.com/en/signals/619924 NOTICE: To properly backtest the full po
250 USD
Filter:
wb2169
44
wb2169 2021.03.22 20:22 
 

Consistently profitable. Another great EA by Wim!!!

Paco Rabs
237
Paco Rabs 2021.02.08 14:15 
 

Great EA. I use this with a Peperstone Razor account, and started with a small amount just to test see how it performs and I've faced no issue. Very stable EA with good risk management.

Robert
217
Robert 2021.02.05 02:37 
 

Just purchased the EA two days ago. Set up the EA exactly with the pairs recommended and with the medium risk. In two days, the EA is 4 for 4 winning two trades on the AUDCAD and two trades on the GBPUSD. Thanks again for another great EA Wim. Thank you again for the great customer service.

Profalgo Limited
34779
Reply from developer Wim Schrynemakers 2021.02.05 06:02
You’re welcome Robert!
Anak Agung
284
Anak Agung 2021.01.07 05:55 
 

Works well, low risk (no floating loss) and profitable in the long run especially in GBPUSD pair. Better than investing in stock market or mutual fund :)

Red Hawk is a good EA, i have been making consistent profit in Tickmill broker. Its better to not include EURUSD as that pair have bad backtest in 2020 and this EA demo signal.

Profalgo Limited
34779
Reply from developer Wim Schrynemakers 2021.02.05 06:03
Thx!
Paulina Andrea Madariaga Figueroa
2168
 

Good author, good tools

Profalgo Limited
34779
Reply from developer Wim Schrynemakers 2021.02.05 06:03
Thx!
Georgios Daskaleas
778
Georgios Daskaleas 2021.01.09 10:24 
 

Mr. Schrynemakers did it again. It is very difficult for me to find something suitable for my needs as a money manager, especially after my 20 years of experience in the financial industry. His expert advisor performs like a well-calibrated swiss clock. And no I am not biased by his other great success (Grid King) which I have been using for 2 years now, with exemplary results. Highly recommended.

Profalgo Limited
34779
Reply from developer Wim Schrynemakers 2021.01.09 12:50
Thank you very much for your kind words George! Hearing it from a longterm trade professional means a lot to me 👍
ework
458
ework 2020.11.23 10:53 
 

User didn't leave any comment to the rating

Profalgo Limited
34779
Reply from developer Wim Schrynemakers 2020.11.23 16:53
Hello, I'm sorry the EA didn't meet your expectations so far. Please send me more details about your accounts and their trading results in private message. That way, I can have a look, compare and see if there are specific reasons for your results so far
peronpmt4
1587
peronpmt4 2020.10.27 17:47 
 

Very good system and author is always present!!

vladimir9010
445
vladimir9010 2020.10.16 14:08 
 

Red Hawk is great EA. I have few of Wim EA and I am very happy with the their performance. The author is very friendly, honest and helpful. Do not miss out and buy his good EA.

Reply to review
Version 2.2 2021.04.15
recompiled with latest MT4 build.
Version 2.1 2021.03.11
fixed infopanel issue where lots are displayed with a lot of zeroes in the end
Version 2.0 2021.03.10
- improved EURUSD. Should be more stable now
Version 1.9 2021.01.12
- added more information in the logs for why trades are skipped
Version 1.8 2020.11.12
small internal optimization
Version 1.7 2020.10.29
fixed but that made StartLots not work like it should
Version 1.6 2020.10.27
added AutoGMT (recommended to use it)