Greedy Red MT4 v2.6 with SetFiles (Platform build 1441+)
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What is Greedy Red MT4?
Greedy Red EA is an automated trading system that leverages the Volume Profile FR indicator for its trading decisions. Unlike traditional volume indicators, Volume Profile FR analyzes volume distribution at specific price levels, providing insights into potential market reversals and the strength of support and resistance zones. The Expert Advisor (EA) uses algorithms to identify volume levels. Once identified, Greedy Red opens positions accordingly.
➡️ Vendor website: View here
About the Author
This product is compiled by Mihails Babuskins. This Latvian author has more than +3 years of experience working on MQL5 and created 24 products, famous products such as Greedy Red, Greedy Golden MT4, Greedy Purple and others. Among them, Greedy Red is his most famous product.
Key Features of Greedy Red for MT4
🔹Based on volume profile FR: Use the Volume Profile FR indicator to identify important support and resistance zones.
🔹Automatic divergence detection: Use the RSI Divergence indicator to identify entry points, increasing the probability of winning.
🔹Smart capital management: Apply the Martingale method to increase the order volume when the market moves in a favorable direction, and place Stop Loss (SL) orders to protect capital.
🔹Automatic order tracking: Use Trailing Stops to maximize profits when the market moves in a favorable direction.
🔹Effective strategy: Used by professional traders to overcome the challenges of PropFirm companies like FTMO.
Additional Features
🔹Compatible with multiple platforms: Can be used on all trading platforms, recommended to use ECN accounts with low spreads.
🔹Time filtering: Can set the EA’s operating time to optimize performance.
🔹Multi-chart capability: Can use EA on multiple charts at the same time to increase profits.
Greedy Red EA MT4 Review
1. Greedy Red EA Live Results:
Real trading results of Greedy Red MT4 show impressive profit parameters and safe risk level. After 25 weeks of continuous trading, the total profit is 207% and the Maximum drawdown is 14.4%.
✅ Live Signal: Click here
Greedy Red EA Real Trading Results
Greedy Red MT4 Real Trading Results
2. Greedy Red MT4 Backtest Results:
Greedy Red has undergone thorough testing and achieved amazing performance parameters. Future performance shows unlimited profit potential over 12 years of continuous trading and ensures a safe level of risk.
✅ Initial Deposit: $1,000
✅ Testing Period: 12 Years (2010 – 2022)
✅ Total Return: 150,000%
Greedy Red EA Test Trading Results
Greedy Red MT4 Test Trading Results
3. Greedy Red EA reviewed by professional traders:
Greedy Red EA is highly appreciated by professional traders for its real trading performance. This comes from the effectiveness of real tests and published real trading accounts. These accounts all have stable performance and high safety in transactions in the foreign exchange market.
Professional Trader’s Review of Greedy Red EA
Recommended Settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | M15, M30, H1, H4 (M15 is the best) |
| Minimum / Recommended deposit | $100 in Cent Account (10000 cents), $800 in Standard Accounts |
| Minimum / Recommended leverage | 1:30 |
| Currency pairs | AUDNZD, NZDCHF, AUDJPY, EURNZD, CHFJPY, AUDCAD, EURUSD, CADJPY, EURAUD, NZDCAD, NZDJPY, EURJPY, USDCAD, XAUUSD (Gold) |
| Setup files | Available |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Experts: Greedy Red EA v2.6_fix.ex4
✅ Presets: Pro Set_Normal risk.set
Conclusion
In short, Greedy Red EA for MT4 combines volume profile analysis, RSI divergence detection, and smart capital management with Martingale and Trailing Stop strategies to maximize profitability. Proven by live trading with +207% in 25 weeks and a 12-year backtest showing 150,000% return, it balances growth and safety. Trusted by professional traders, this EA is built to conquer PropFirm challenges and deliver sustainable, long-term profitability with confidence.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ Which trading platform does Greedy Red EA work on?
It is designed for MetaTrader 4 (MT4) and works best on ECN accounts with low spreads.
❓ What currency pairs can I trade with this EA?
It supports a wide range including AUDNZD, NZDCHF, AUDJPY, EURNZD, CHFJPY, AUDCAD, EURUSD, CADJPY, EURAUD, NZDCAD, NZDJPY, EURJPY, USDCAD, and XAUUSD (Gold).
❓ What is the minimum deposit required?
The EA requires at least $100 in a Cent Account (10,000 cents) or $800 in a Standard Account.
❓ Which timeframe is recommended for trading?
It works on M15, M30, H1, and H4, but M15 is the most recommended.
❓ Does Greedy Red EA use risky strategies like Martingale?
Yes, it applies a Martingale method, but with smart capital management and Stop Loss to control risk.
❓ What indicators does the EA use for decisions?
It combines the Volume Profile FR indicator to detect strong support/resistance zones and RSI Divergence for entry signals.
❓ How does the EA manage risk and profits?
It uses Stop Loss for capital protection, Trailing Stop for profit locking, and a layered Martingale approach when trades go in a favorable direction.
❓ Is Greedy Red EA suitable for Prop Firm challenges like FTMO?
Yes, it is optimized to meet PropFirm requirements, offering stable risk management and consistent results.
❓ What kind of performance has been proven?
Live trading results showed +207% profit in 25 weeks with a 14.4% drawdown, while backtests over 12 years achieved 150,000% total return.
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