Greedy Red EA v2.6 MT4 with SetFiles (Terminal 1421+)

What is Greedy Red EA?

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: Click here

Greedy Red EA Overview

About the author

This product is compiled by Mihails Babuskins
This Latvian author has more than 2 years of experience working on MQL5 and created 24 products, famous products such as Greedy Golden MT4, Greedy Red, Greedy Purple, Hybrid Trading RSI Divergence MT4 and others.
Among them, Greedy Red is his most famous product.

>>> See more: Greedy Golden MT4

Greedy Red EA Features

1. Main features:

• 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.

2. 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.
• Easy update: Can update EA without closing open positions.

Professional Trading Features of Greedy Red EA

Trading strategies and advantages

1. What is Greedy Red’s trading strategy?

Greedy Red MT4 uses Volume Profile FR to identify important support and resistance zones. The EA then opens a position based on the divergence signal from the RSI indicator. If the market moves in a favorable direction, the EA will increase the order volume using the Martingale method and use a trailing stop to protect profits. Greedy Red EA is also used by some professional investors for FTMO trading.

Greedy Red EA Trading Strategy

2. Advantages:

• Full automation: The EA automatically performs all trading operations, from opening orders, capital management to closing orders.
• Easy to use: Installing and using the EA is simple, does not require in-depth knowledge of trading.
• High profitability: The EA has the potential to generate significant profits thanks to its effective trading strategy.
• Safe: The EA has a capital protection mechanism using Stop Loss (SL) orders and smart capital management.
• Wide compatibility: Can be used with many different currency pairs and time frames.

Greedy Red EA MT4 Review

1. Actual trading performance 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. Performance backtest results:

Greedy Red EA has undergone meticulous testing and achieved incredible performance parameters. Future performance shows the unlimited profit potential of Greedy Red MT4 in the forex market. Tested with a capital of $1,000 for a total profit of 150,000% in 12 years of continuous trading (2010 – 2022) and ensures a safe risk level.

Key specifications:

• Trading platform: Metatrader 4 (MT4)
• Investment: $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:

>>> Reviewed by David Easton

What’s in the package?

• Experts: Greedy Red EA v2.6_fix.ex4
• Presets: Pro Set_Normal risk.set

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