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Cherry Red FX

4.5

UPDATED AS OF 3.19.2024 WITH NEW QUALITY CONTROL UPDATE FOR PERFORMANCE VALIDATION!

CHERRY RED FX IS ON SALE FOR ONLY 120.00 UNTIL MAY 1ST!!! GRAB YOUR COPY TODAY!!

WHEN YOU PURCHASE CHERRY RED FX MESSAGE ME FOR ANOTHER SYSTEM IN MY OFFERINGS FREE OF YOUR CHOICE!!!

Unleashing the full potential of algorithmic trading, Cherry Red FX is a powerhouse expert advisor designed for the USDJPY H1 chart. With an outstanding track record from March 2021 to March 2024, Cherry Red FX boasts a significant net profit of $120,000 from a $3,000 balance, asserting its high-performance caliber. This EA ensures consistency with a remarkable 96% win rate across 1,068 trades, demonstrating a robust strategy while maintaining risk management with a modest maximum drawdown of just 3.2%.

Cherry Red FX employs a fixed lot method, promoting stability in trading volume despite market fluctuations. It strategically navigates the forex market with a single maximum position and an entry amount of 1.0, ensuring precise and measured exposure. This calculated approach reflects a disciplined trading system, suitable for traders who favor a balanced risk-reward ratio.

The EA integrates a sophisticated suite of technical indicators, including Bulls Power, Williams' Percent Range, DeMarker, Bollinger Bands, Directional Indicators, Stochastic Oscillator, Momentum Indicators, and Moving Averages Crossovers. These indicators synergize to pinpoint accurate entry and exit points, delivering a strategic edge in diverse market conditions.

Cherry Red FX is more than an expert advisor; it's a comprehensive trading solution for the USDJPY H1 chart, designed to thrive in today's dynamic forex landscape. Whether you're looking to preserve capital with a conservative approach or capture significant market movements, Cherry Red FX is engineered to serve your trading ambitions with precision and reliability.


Avis 2
Teguh Andriyanto
128
Teguh Andriyanto 2024.02.15 16:10 
 

Hi Michael I just bought Cherry Red (thanks for the support and fast response). And I will immediately test it on a real account. I will update (share) the test results on this review channel.

stucan
366
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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Wei Tu
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Experts
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4.67 (6)
Experts
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Filtrer:
stucan
366
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.

Michael Prescott Burney
17334
Réponse du développeur 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
128
Teguh Andriyanto 2024.02.15 16:10 
 

Hi Michael I just bought Cherry Red (thanks for the support and fast response). And I will immediately test it on a real account. I will update (share) the test results on this review channel.

Michael Prescott Burney
17334
Réponse du développeur 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
Répondre à l'avis
Version 226.8 2024.03.19
ENHANCED WIN RATIO WITHOUT SACRIFICING TRADE FREQUENCY
RAISED TRADE FREQUENCY
ADDED MORE ROBUST STRATEGY INDEX 300 STRATEGIES
BETTER DD CONTROL
FIXED BUGS AND BOTTLENECKS IN THE CODE
Version 225.8 2024.03.05
better trade frequency
fixed bottlenecks in the code
improved the win ratio
Version 25.2 2024.02.29
MORE TRADES
MUCH MORE AGGRESSION
100 STRATEGY INDEX WITH HIGHER FREQUENCY