Red Hawk EA v3.8 MT4 with Presets (Platform build 1430+)

What is Red Hawk EA?

Red Hawk EA is a “mean reversion” trading system designed to take advantage of quiet market periods. It works on 9 currency pairs EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD, USDCAD and is optimized for the M5 timeframe.

The Expert Advisor (EA) uses secure Stop Loss (SL) and Take Profit (TP) orders on each trade, and multiple trailing stop loss techniques are deployed to minimize risk and maximize profits.

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Why choose Red Hawk EA?

Red Hawk EA is a sophisticated trading system designed to capitalize on market inefficiencies during quiet periods. Here’s why you might consider this EA:

• Proven Performance:
  • Extensive live track record demonstrating consistent profitability and low drawdown.
  • Rigorously tested and optimized for optimal results.
• Risk Management:
  • Employs robust safety stop-loss and take-profit orders.
  • Utilizes multiple trailing stop-loss techniques to safeguard profits.
  • Adheres to a strict no-Martingale, no-Grid trading strategy.
  • Offers both fixed and automatic lot size options.
  • Customizable risk parameters to suit individual preferences.
• Automated Trading:
  • Fully automated, requiring no manual intervention.
  • Incorporates advanced filters to avoid suboptimal trading conditions.
• Strategic Timing:
  • Focuses on trading during quiet market hours, reducing exposure to volatile periods.
  • Avoids high-impact news events to minimize risk.
• Easy Setup:
  • Simple configuration process with no complex .set files.
  • Adjustable GMT offset to accommodate different broker time zones.

Red Hawk EA MT4 Features

The advisor’s built-in core features include:

• Low Risk Strategy: Uses safe stop loss and take profit orders, along with multiple trailing stop loss techniques to minimize risk and maximize profits.
• Automated Trading: Runs fully automatically, no manual intervention required.
• Market Filters: Incorporates internal filters to avoid trading during adverse market conditions, such as high spreads or volatile periods.
• Night Trading: Specifically targets quiet night periods, often during transition times.
• Easy Setup: Simple configuration process with no .set file required.
• Flexible Risk Management: Provides options for fixed lot sizes, balance-based lot sizes, or risk-based lot sizes for each trade.

Red Hawk EA Review

1. Red Hawk EA verified by Myfxbook and FXBlue:

The real trading performance of Red Hawk EA is Verified by Myfxbook and FXBlue which shows the transparency on the real trades of this advisor. The profit performance is highly stable and the risk levels are optimized by the robot around 4% – 7% during the trading process.

Red Hawk EA MT4 myfxbook

Red Hawk EA myfxbook

Red Hawk EA Review

Red Hawk EA Reviews

2. Red Hawk EA user reviews:

With its stability in long-term trading performance, safe optimized risk level in market conditions, this advisor is well-reviewed and trusted by the MQL5 user community.

Red Hawk EA User Reviews

Recommended Settings for Red Hawk EA

• Time Zone: Make sure the EA’s GMT offset matches your broker’s settings to ensure accurate trading times.
• Fixed Lot Size: Set a specific lot size for each trade.
• Balance Based: The EA automatically adjusts the lot size based on your account balance and specified risk tolerance.
• Risk Per Trade: The EA calculates the lot size to limit potential losses to a pre-determined percentage of your account balance.
• Time Frame: The recommended time frame for optimal performance is M5.
• Select a Broker: The EA is best suited for brokers that offer low spreads and fast execution, such as ECN brokers.

By understanding these key features and strategies, users can effectively use Red Hawk EA to generate steady profits during periods of market volatility.

Latest product download package includes

The download package includes the official version of the advisor:

• Experts: Red Hawk EA v3.8.ex4
• Presets:
  • URLs.txt
  • Redhawk_LowRisk.set
  • Redhawk_MediumRisk.set
  • Redhawk_HighRisk.set

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About the Author

This product is compiled by Wim Schrynemakers. This author has more than +11 years of experience working on MQL5 with many famous products such as Red Hawk EA, Gecko EA, Stability Pro MT4, Apex Trader EA and other products. Among them, Red Hawk EA is his best performing product in 11 years.

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Conclusion

In summary, Red Hawk is a reliable and low-risk automated trading system designed for quiet market conditions. By using advanced trailing stop loss techniques and avoiding risky strategies such as grids or martingales, the system aims to maximize profits while minimizing potential losses. The system is easy to set up and requires minimal user intervention, making it suitable for both beginners and experienced traders.

However, it is important to ensure that the GMT offset is set correctly and cautiously during periods of high market volatility or important news events.

>>> Reviewed by Jason Stap