IS Red EA v2.0 Source Code MQ4 + SetFiles (Available)

What is IS Red EA?

IS Red EA is a reliable Forex Expert Advisor (EA) designed to deliver low-risk, consistent growth through a structured and systematic trading strategy. Built for traders who prioritize capital preservation and stable profits, this EA offers a smart solution for long-term success in the Forex market.

• Vender Website

About the Developer

•  Author: InvestSniper.
•  Experience: Over +8 years of experience on MQL5.
•  Notable Products: IS Red EA, IS White EA, IS Blue EA, IS Green EA and other advisors.
•  Flagship Product: IS Red EA is the best performing product.

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IS Red EA Overview

Key Features of IS Red EA

🔻Conservative Risk Management:

• Operates with very low lot size and percentage-based stop loss
• Prioritizes account safety over aggressive growth

🔻Scalping-Style Profit Target:

• Small fixed Take Profit per trade
• Focuses on frequent wins with low market exposure

🔻Dynamic Trailing Stop:

• Automatically trails profitable trades to maximize returns during trends

🔻Time-Based Trading Filters:

• Trades only during high-liquidity hours
• Avoids slippage and widening spreads during illiquid periods

Additional functions of IS Red EA

• Grid-style spacing for new entries during market pullbacks

• Trade execution control to manage frequency and avoid overtrading

• Unique Magic Number to ensure compatibility with other EAs

• Fully verified performance on Myfxbook for transparency

Why choose IS Red EA?

• High Capital Protection with very conservative risk settings

• Consistent Profits from small, frequent trades

• Transparent Results with verified long-term data

• Low Exposure to Volatility due to TP strategy and time filters

• Fully Automated – Ideal for traders seeking hands-off solutions

IS Red EA Verified Performance Review

🟢 Performance Stats (2021–2022)

• Initial Deposit: $1,000
• Total Gain: +9,917.53%
• Daily Growth: 1.24%
• Monthly Growth: 44.56%
• Max Drawdown: 4.02%

IS Red EA MT4 Trading Results

IS Red EA Trading Results

🟢 Extended Test Results (2020–2022)

• Initial Deposit: $100
• Total Gain: +370,999.27%
• Daily Growth: 0.83%
• Monthly Growth: 28.25%
• Max Drawdown: 3.44%

Verified by MyfxBook, showcasing consistent growth with minimal risk.

IS Red EA Myfxbook Results

IS Red EA Review

What’s Included in the Download Package?

🔻 Source Code (MQ4):

• IS Red EA.mq4
• IS Red EA 2.0.mq4

🔻 Experts:

• IS Red EA.ex4
• IS Red EA 2.0.ex4

🔻 Presets:

• Red_High_risk_M1.set
• Red_Medium_risk_M1.set
• Red_Low_risk_M1.set

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How To Set Up EA

🔻Install IS Red EA on your MT4 platform with this simple guide designed specifically for moderate risk and dynamic follow-through speculative strategies.

IS Red EA v2.0 Source Code MQ4 setting

🟣 Step-by-Step Installation:

🔻Download the EA File
Obtain the ISRedEA2.ex4 or .mq4 file.

🔻Open MetaTrader 4
Launch MT4 and log into your trading account.

🔻Open Data Folder
Click File → Open Data Folder → Navigate to MQL4 → Experts.

🔻Copy the EA File
Paste the IS Red EA 2.0 file into the Experts folder.

🔻Restart MT4
Close and reopen MT4 to load the new Expert Advisor.

🔻Attach EA to a Chart
Drag IS Red EA 2.0 from the Navigator panel onto your preferred chart (recommended major pairs, M15 or H1 timeframe).

🔻Enable AutoTrading
Click the AutoTrading button to activate EA trading (green icon). Look for the smiley face on the chart.

🔻Configure EA Inputs
Adjust key parameters:

• Risk: 0.01 (1% equity per trade)
• StopLossProcent: 10.0 (equity stop loss at 10%)
• TakeProfit: 1 (fixed TP in pips)
• Trail: 20.0 (trailing stop after 20 pips profit)
• TimeStart: 2.0 (start trading at 2 AM)
• TimeEnd: 23.0 (stop trading at 11 PM)
• PipsStep: 10 (minimum gap between orders)
• OpenTime: 10 (max trade duration)
• Magic: 2022 (unique trade ID)

🔻Use a VPS for Reliability
Run the EA on a VPS to ensure 24/5 uptime and stable execution.

Conclusion

In summary, IS Red EA is an extremely reliable and effective Expert Advisor, designed for traders looking for stable, low-risk growth through a disciplined and systematic trading approach. Developed by the experienced team at InvestSniper, this EA focuses on capital preservation and steady returns by using prudent risk management, flexible stop-losses and scalping-style profit targets. The clever use of time-based trade filters and grid entry distances helps to minimize the risk of market volatility and ensures optimal trade execution during high liquidity hours.

>>> Reviewed by Jason Stap <<<