Rated 5.00 out of 5 based on 1 customer rating

(1 customer review)

USD 12

Product Published or Updated on August 29, 2024

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SKU: 4944 Categories: EA MT4, EA MT4 Basic Install Skills, EA MT4 NO DLL, MT4 With Presets Included, New Arrival, New Arrival MT4, Tested with 1421 Tags: meta trader 4, mt4

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Description

Red Hawk EA V3.8 – The Ultimate Automated Mean Reversion Trading System

Name: RED HAWK EA V3.8
SKU: 4944
Price: 12 USD
Availability: InStock
Rating: 5.00 (1 reviews)

Red Hawk EA V3.8 is an advanced “mean reversion” trading system. It is specifically designed to trade during the quietest times in the forex market. This expert advisor (EA) optimizes its performance on nine major currency pairs: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUDCAD, AUDJPY, EURAUD, and USDCAD. It works best on the M5 timeframe, where its strategy benefits from low spreads and fast execution. Therefore, using a reliable ECN broker becomes crucial for achieving the best trading results.

Why Choose Red Hawk EA V3.8?

Red Hawk EA V3.8 stands out for its stability and consistent performance. It has maintained a live track record of many months with low drawdown. The EA employs a secure stop-loss and take-profit strategy for each trade, ensuring effective risk management. Furthermore, it incorporates multiple trailing stop-loss techniques to maximize profits while minimizing risks. Unlike other trading systems, Red Hawk EA V3.8 avoids risky techniques like grid or martingale, which makes it a safer choice for traders seeking reliability.

Comprehensive Market Filters and Automated Trading

This EA operates fully automatically and does not require manual interventions. Moreover, it includes various internal filters to avoid trading in unfavorable market conditions, such as periods of high spreads or market volatility. However, it is advisable to turn off the system during extreme news events, like US elections, to prevent unnecessary risks. Importantly, the EA only trades during the quiet times of the night, around rollover time, when the market conditions are most suitable for its strategy.

Simple Setup and Risk Management

Setting up Red Hawk EA V3.8 is straightforward. You simply run the EA on an M5 chart for each of the supported currency pairs and select your preferred risk level. The EA comes with pre-configured settings stored internally, optimized for the nine currency pairs it supports. Therefore, you don’t need additional .set files, simplifying the setup process even further.

Additionally, you can adjust the GMT offset to match your broker’s server time, ensuring it trades at the correct hours. If your broker uses a different GMT offset than the default settings of GMT+2 (winter) and GMT+3 (summer), you must adjust the “GMT offset (winter)” parameter accordingly. This adjustment is crucial for accurate trading times, so verifying your broker’s GMT offset is essential if you’re unsure.

Flexible Risk Management Options

Red Hawk EA V3.8 offers flexible risk management settings. You can choose between a fixed lot size or an automatic lot size based on your account balance or risk per trade. By default, the EA uses a fixed lot size of 0.01 lots, but you can adjust this by changing the “StartLots” parameter. If you prefer an automatic lot size, the EA can adjust the lot size based on your balance or the maximum risk per trade.

For low-risk trading, set the LotsizeStep to 250, meaning the EA will trade 0.01 lots for every $250 in your account. For medium risk, use a LotsizeStep of 125, and for high risk, set it to 60. If you prefer to manage risk by percentage, you can specify the maximum risk per trade. This setting dictates the potential loss if the initial stop-loss is triggered. However, with Red Hawk EA V3.8’s trailing stop-loss feature, the initial stop-loss is rarely hit, which further reduces the risk of significant losses.

Optimized for Night Trading

Red Hawk EA V3.8 is specifically optimized to trade during the quiet times of the night, around the rollover period. This timing is crucial because the market is most stable, allowing the EA’s mean reversion strategy to perform at its best. By avoiding the more volatile periods of the trading day, the EA reduces the likelihood of being caught in unpredictable market movements, thus ensuring more consistent trading results.

The Importance of Choosing the Right Broker

Because Red Hawk EA V3.8 relies on low spreads and fast execution, selecting the right broker is essential. An ECN broker with tight spreads and rapid order execution will significantly enhance the performance of this EA. Additionally, ensure that your broker’s trading conditions align with the EA’s needs, such as allowing for hedging and offering low-latency trading environments.

Feature	Details
Trading Strategy	Mean Reversion
Supported Pairs	EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUDCAD, AUDJPY, EURAUD, USDCAD
Timeframe	M5
Risk Management	Fixed and Automatic Lot Size, Trailing Stop-Loss
Broker Requirement	ECN Broker, Low Spread, Fast Execution
Trading Hours	Night (Around Rollover Time)

Important Links	Details
More MT4 Products	CHECK MORE MT4 PRODUCTS
Contact US	TELEGRAM SUPPORT

Brand

EA MT4

Refund

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Install

The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).

This is the easiest type of installation for Expert Advisors.

This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.

Copy the EA folder content from your product to the EA folder of your MT4 installation.

Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.

Responsability

Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.

Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.

Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.

A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.

Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.

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1 review for RED HAWK EA V3.8

Rated 5 out of 5

admin (store manager) – 08/29/2024

Great EA, recommended

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RED HAWK EA V3.8