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Red Hawk MT5

5

NEW PROMO:

  • Only a few copies copies available at 349$
  • Next price: 449$
Make sure to check out our "Ultimate EA combo package" in our promo blog!


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.

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

Live results: https://www.mql5.com/en/signals/797464


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/57306#!tab=comments&page=1&comment=19082457


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 7
Xinhe Xiang
1225
Xinhe Xiang 2021.12.21 08:52 
 

★☆★☆★.在 MQL5 购买的众多主流 EA 中,好评五星级。头皮中的稳定王者,另一个收割者刷单舒服单子多,作者的EA都有都强大。 兴趣交流腾讯微信=917552750。★☆★☆★

Victor Minaev
2315
Victor Minaev 2021.07.15 14:10 
 

Good!

Tobias Kaan Iris
309
Tobias Kaan Iris 2021.07.15 09:35 
 

Just purchased. 5Stars for great support & assistance from Wim. Setting EA live today on VPS. Will update review with live results later...

After 1st week: 9 Symbols, 4 Trades, 4 x TP

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Only  3 copies left at current   price!,   Next Price 799 USD.   So   Come on Hurry up!    Parrots   Breaker   MT5  EA is an Expert Advisor that is smart, powerful and accurate in determining entries. Parrots   Breaker   MT5  EA works based on the concept of trend following  combined  with   Break of Internal Structure and   trading levels. Live Signal 1 Parrots   Breaker   MT5  EA is an Expert Advisor that is safe and focuses on long-term use. Backtest   Result is Fantastic. This EA does not us
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3.18 (11)
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4 (9)
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Xinhe Xiang
1225
Xinhe Xiang 2021.12.21 08:52 
 

★☆★☆★.在 MQL5 购买的众多主流 EA 中,好评五星级。头皮中的稳定王者,另一个收割者刷单舒服单子多,作者的EA都有都强大。 兴趣交流腾讯微信=917552750。★☆★☆★

Victor Minaev
2315
Victor Minaev 2021.07.15 14:10 
 

Good!

Tobias Kaan Iris
309
Tobias Kaan Iris 2021.07.15 09:35 
 

Just purchased. 5Stars for great support & assistance from Wim. Setting EA live today on VPS. Will update review with live results later...

After 1st week: 9 Symbols, 4 Trades, 4 x TP

Paslariu Marius
155
Paslariu Marius 2021.05.04 19:44 
 

For me this is the best EA ever,I had until now over 60 trades on 2 accounts(real money) and only 4 losses(quite small ones) .I totally reccomend because you can easily understand its logics and it`s better than any human execution

MARKMERCY2012
40
MARKMERCY2012 2020.12.10 15:41 
 

Too early for me to comment, this is 2 days of my purchase

JBarck
336
JBarck 2020.12.02 19:21 
 

User didn't leave any comment to the rating

Yong Ket Hoong
441
Yong Ket Hoong 2020.11.10 09:16 
 

User didn't leave any comment to the rating

Reply to review
Version 3.8 2023.03.13
- fixed issue with trading on Sunday
Version 3.7 2023.02.07
fixed bug
Version 3.6 2023.01.27
fixed bug concerning "start trading on market opening"
Version 3.5 2022.12.19
Version 3.5
- Added option to disable trading on market opening after the weekend
Version 3.3 2021.10.19
Version 3.3
- fixed autoGMT bug (very rare)
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 2021.09.19
added manual GMT option
Version 2.2 2021.07.07
Added FIFO option
Version 2.1 2021.03.11
fixed issue on infopanel where lots were displayed with too many zeroes in the end
Version 2.0 2021.03.11
improved EURUSD
Version 1.85 2020.12.09
fixed potential problem with some broker to find open trades
Version 1.84 2020.12.02
onechartsetup for live trading enabled
Version 1.83 2020.11.20
fixed problem for brokers that return negative ticket numbers
Version 1.82 2020.11.12
small internal optimizations
Version 1.81 2020.11.06
fixed small bug