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Red Hawk EA

4.5

END OF YEAR PROMO: 
  • NOW ONLY 299$!  
  • ONLY 1 COPY LEFT AT THIS PRICE
  • PRICE AFTER PROMO: 599$


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.

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


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.

IMPORTANT:  The EA only trades during the quite times of the night (around rollover time)


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 19
thatwazmysn
74
thatwazmysn 2022.01.09 04:42 
 

I have been using this EA for one year. It doesnt trade a lot and is very slow. But it is very consistent and low drawdown. I just set it and forget it.

zzwyzwy
66
zzwyzwy 2021.10.06 11:51 
 

EA is currently running well and looks forward to long-term stable performance!

Paslariu Marius
120
Paslariu Marius 2021.07.07 07:57 
 

Absolutely great,with medium risk settings it avereges about 3% profit per month and with a very low DD . Support from Win is amazing and nearly instanteneous during day time (Europe)

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Hello my name is Alexey, I am a professional algorithm developer for trading on financial markets, crypto currency market and forex. Working experience in finance and programming for more than 15 years. Years of practice, mistakes and success. A lot of groundwork and hundreds of created algorithms. Both successful and not so successful. Now that I am a successful man and a programmer with a fortune of several million dollars. I've decided to share with you my experiences in the field of algorit
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Invictus Gold
Evgenii Golovanets
Invictus Gold is an advanced trading algorithm based on the standard and simple Bollinger Bands indicator and trades on Gold as one of the most liquid and popular trading instruments in the world. The algorithm includes a filter of behavioral factors, it analyzes the depth of market, and makes a decision about entering the trade based on the analyzer's filter data. Thus, the Expert Advisor finds optimal points to enter the market, filtering out false entries not supported by stable market behav
1 001 USD
Index Premium Scalper
Aleksei Bordak
1 (3)
Index Premium Scalper - high frequency scalper deigned for index trading. The main trading instrument is DAX (DE30, DE40, GER40), the trading instrument name depends on the broker. It can also be used on other indices and some currency pairs, but the results are not confirmed and need to be verified.  Real trading results https://www.mql5.com/ru/signals/1200860 EA show best results with this broker https://bit.ly/30Cc6J3 Working time frame M1 (It can also be used on time frame M5) Testing the E
700 USD
SFE Gamma MT4
Joel Juanpere
This EA has two systems (Gamma and Theta) that look for reversal zones on medium-term time frames. It works with all major currencies Forex crosses. Visit the comments page, in the first message you can find more information about the system, performance, backtest. 2 units left at 600 $ - next price 720 $ Live Signal https://www.mql5.com/en/signals/997579 Any doubt or more information, you are invited you to join to the telegram group of the sfe users community. Telegram Community Grou
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The winner EA IC Markets 2K Live Signal: https://www.mql5.com/en/signals/903594 The winner EA IC Markets 4K Live Signal: https://www.mql5.com/en/signals/805823 Working symbol: EURGBP EURCAD AUDCAD EURAUD AUDNZD USDCHF CHFJPY EURSGD GBPAUD XAUUSD Working Timeframe: M15 Min deposit: $100 EA works better in low-spread accounts. Or other low-spread accounts,ecn account. Open chart windows of 11 symbol, and attach EA to every chart. Top Characteristics of the Strategy:  1.Defined Stop Loss an
349 USD
Real-time signals of   this EA: Fixed lot size: https://www.mql5.com/en/signals/1296048 Auto lot:   https://www.mql5.com/en/signals/1288847 $599 new product sale! Next price-->       $699 MT5 version is here GoodMorningEA   is an advanced night trading system. It uses intelligent algorithms to enter the market safely when the market is at its calmest, and has a variety of ways to exit. The system I have studied for many years, and for the improvement of the current market situation, to make it
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Naragot Portfolio
Alexander Mordashov
3.95 (21)
X-MASS SALE! 333$! This EA is a professional portfolio of trend-following multicurrency trading systems based on principles of volatility breakout and breakouts of support/resistance levels. Consists of 7 strategies chosen from a pool of many other which I trade myself for a long time on real accounts with significant money on them MT5 version : (as the system is multicurrency it is recommended to backtest it in MT5) https://www.mql5.com/en/market/product/56137 MQL Signal : https://www.mql
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GerFX Density Scalper
Exler Consulting GmbH
4.43 (7)
IMPORTANT: Please contact me after buying or renting for the correct key paramter.  Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected new
2 000 USD
Champion MT4
Evgenii Aksenov
4.93 (14)
CHAMPION EA : smart trade system trades 5 pairs in the same time. Robot uses Drawdown reduce function and Time Filter to safe and profitable trading. The EA has a lot of month history of trading on a real accounts. Now you can buy CHAMPION EA with discount to final price: $9999 CHAMPION is suitable for advanced and beginners  users   Monitoring real accounts:   click here Manual Guide:  click here CHAMPION EA is a smart trading system based on the search for optimal entry/exit points. This s
799 USD
GerFX Forex Cyborg
Exler Consulting GmbH
4 (2)
Forex Cyborg is a established expert advisor since 2017 on the market. There is a huge number of customers that trust in Forex Cyborg already and now it's newly available here on the MQL Store. Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability.  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. 3) An
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Gecko EA MT5
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199 USD
Filter:
Perry Mok
354
Perry Mok 2022.01.15 20:48 
 

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 to invest money on this EA as there are other better options.

Profalgo Limited
48276
Reply from developer Wim Schrynemakers 2022.01.16 08:06
Hi, that is probably because you were backtesting with fixed spread, and during night scalping, spread widening occurs. so the EA filters out a lot of trades because spread is too big. You must use variable spread in backtesting for scalping
thatwazmysn
74
thatwazmysn 2022.01.09 04:42 
 

I have been using this EA for one year. It doesnt trade a lot and is very slow. But it is very consistent and low drawdown. I just set it and forget it.

Lucy
382
Lucy 2021.12.01 04:43 
 

The ea would need time closing function so that we could avoid huge losses with strong movements during Tokyo, London sessions.

Dmitrii
152
Dmitrii 2021.11.30 10:59 
 

Советник реально сливает. Медленно и верно. Стоит на четырех терминалах разных брокеров, везде результаты ушли в минус, тестирую 4 месяца и на Demo и на Real. Зря потраченные деньги, к покупке не советую. This EA really merges. Slowly and surely. It stands on four terminals of different brokers, everywhere the results have gone into negative, I have been testing for 4 months on both Demo and Real. Wasted money, I do not advise buying.

zzwyzwy
66
zzwyzwy 2021.10.06 11:51 
 

EA is currently running well and looks forward to long-term stable performance!

Paslariu Marius
120
Paslariu Marius 2021.07.07 07:57 
 

Absolutely great,with medium risk settings it avereges about 3% profit per month and with a very low DD . Support from Win is amazing and nearly instanteneous during day time (Europe)

juanariasse
93
juanariasse 2021.06.25 04:48 
 

Excellent EA. Profitable and low drawdown!

Pak Hong Poon
1932
Pak Hong Poon 2021.06.20 18:20 
 

performance varies from different broker servers, but still stably winning in general

Sanjaya
42
Sanjaya 2021.05.10 23:16 
 

Tested with demo and live for serveral months, it's a stable EA with consistant smaller proffits and no big Drawdown. Author will always respond and help if needed. Thank you

wb2169
45
wb2169 2021.03.22 20:22 
 

Consistently profitable. Another great EA by Wim!!!

Paco Rabs
243
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
342
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
48276
Reply from developer Wim Schrynemakers 2021.02.05 06:02
You’re welcome Robert!
Paulina Andrea Madariaga Figueroa
2915
 

Good author, good tools

Profalgo Limited
48276
Reply from developer Wim Schrynemakers 2021.02.05 06:03
Thx!
Georgios Daskaleas
835
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
48276
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 👍
Anak Agung
255
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
48276
Reply from developer Wim Schrynemakers 2021.02.05 06:03
Thx!
ework
514
ework 2020.11.23 10:53 
 

User didn't leave any comment to the rating

Profalgo Limited
48276
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
ffsss
781
ffsss 2020.11.19 10:08 
 

User didn't leave any comment to the rating

peronpmt4
1783
peronpmt4 2020.10.27 17:47 
 

Very good system and author is always present!!

vladimir9010
501
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 3.3 2021.10.19
Version 3.3
- fixed autoGMT bug (very rare)
- Added extra checks for wrong entries
Version 3.2 2021.10.15
fixed bug.
Recommended update!
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 2021.07.01
added filter to set a minimum number of minutes between 2 trades
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)