Greed Red – calculates volume by price levels to determine support and resistance levels and open a position. EA detects divergences on the RSI Divergence indicator and opens a position. If the market moves in line with the position, the EA performs a trailing stop. Otherwise, it waits for a new divergence and if it occurs, it adds volume to the position by opening a new trade , all positions have a stop loss to protect against unexpected market fluctuations. Positions do not have a take profit and are closed using the trailing stop mechanism to obtain the maximum possible profit.
Attention!!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication. Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/FX_VIP/2428
| Developer price | |
| Terminal | MT4 |
| Currency pair | AUDNZD- NZDCHF – AUDJPY – EURNZD – CHFJPY – AUDCAD – EURUSD CADJPY – EURAUD – NZDCAD – NZDJPY – EURJPY – USDCAD -XAUUSD |
| Timeframe | M15,M30,H1,H4 (M15 is the best) |
| Money management | At least 800 currency units |
| Recommended brokers | IC Markets |
| For advisor recommended to use VPS 24/5 | WELLVPS (most affordable Windows server only $ 2 per month) By registering using my link you get a $1 bonus! |
Backtesting:
Backtesting was not conducted, as there is a live signal on the account from the author, detailed statistics below
Settings:
Conclusion:
I don’t know how true the results the developer shows in monitoring his account are, and how the adviser actually trades is yet to be determined, personally I am confused by the unknown broker with whom the trading is conducted and perhaps the results are fake, we also tested it on past history on some currency pairs and the advisor also shows good results.
I hope that I am wrong in my guesses and the adviser perhaps works normally and brings profit, so I think it is worth checking it, besides, it is free for us and you don’t need to buy the adviser, just download it from the links below and install it in the terminal, I recommend first checking its work on a demo account.
Functionality tested, in build 1431 working.
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!
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DOWNLOAD EA Greed Red
