Introduction
Greedy Red EA is a powerful Expert advisor (EA) that utilizes advanced algorithms for automated trading. This EA is designed to analyze volume profiles and capitalize on potential market reversals, making it an ideal tool for traders looking to maximize their profits with minimal intervention. Developed for MT4 (MetaTrader 4), it’s optimized for EURUSD and other major pairs, offering a seamless trading experience.
About the Author
This product is compiled by Mihails Babuskins. This author has more than +3 years of experience working on MQL5 with many famous products such as Greedy Red EA, Greedy Golden MT4 and others. Among them, Greedy Red EA is his best performing product in 3 years.
Key Features of Greedy Red
- Volume Profile FR-Based Strategy: Leverages the advanced Volume Profile FR indicator to identify potential reversal zones and support/resistance levels.
- Divergence Detection: Uses the RSI divergence indicator to identify market reversal points and capitalize on trend reversals.
- Automated Trading: Executes trades, sets Stop Loss (SL) orders, and manages risk automatically, eliminating the need for manual intervention from the user.
- Strategy: Implements a controlled Martingale method to strategically increase position size, aiming to maximize profits.
- Flexible Time Frames: Can be used during volatile market times and news events, providing flexibility in trading conditions.
- Multi-Chart Compatibility: Allows EAs to run on multiple charts at the same time, diversifying trading and potentially increasing profits.
1. Greedy Red EA Myfxbook:
The real trading performance of Greedy Red EA was meticulously verified by Myfxbook in 2024. The results show transparency in trading conditions, total profit achieved Gian: +104.94% (average monthly profit 11.88%) and impressive risk level Drawdown: 15.70%.
2. Greedy Red MT4 live results:
Total profit of 303% in 38 weeks of continuous trading is the actual trading result on the real account of Greedy Red EA. The initial deposit is $200 and the risk level is maintained safely Maximum drawdown: 14.4%.
Key Metrics:
- Total profit: 303%
- Trading period: 38 Weeks
- Initial deposit: $200
- Maximum drawdown: 14.4%
3. Backtest results:
The backtesting performance of Greedy Red EA with XAUUSD (Gold) has achieved impressive results. The testing period in the years 2018 - 2025 (on the 15-minute chart), achieved a total profit of $40,000 from an initial deposit of $300. In which the risk level was maintained safely at Drawdown: 6.8%.
Key Performance Metrics:
- Time period: 2018 - 2025
- Chart timeframe: 15-Minute
- Initial deposit: $300
- Total profit: $40,000
- Maximum drawdown: 6.8%
Latest product download package includes
The download package includes the official version of the advisor:
- Experts: Greedy Red EA v2.6_fix.ex4
- Presets: Pro Set_Normal risk.set
Conclusion
In short, Greedy Red is a powerful Expert Advisor (EA) that leverages the innovative Volume Profile FR indicator to identify market trends and execute profitable trades. By combining advanced algorithmic trading strategies with robust risk management techniques, this EA provides a comprehensive solution for automated forex trading.
With its user-friendly interface and customizable settings, Greedy Red supports traders of all levels to achieve consistent and sustainable profits. Whether you are a seasoned trader or a newcomer to the forex market, Greedy Red can help you take your trading to the next level.
>>> Reviewed by Jason Stap
