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- Forex Robot Review
- Metatrader 5
- Experts
- Red Hawk MT5
Today, we delve into the world of Forex trading with a detailed review of the Red Hawk MT5. This Forex software is a mean reversion trading system that operates during the quieter periods of the market. It is designed to work with nine currency pairs: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD, and USDCAD.
Key Features of Red Hawk MT5
Red Hawk MT5 is recommended for hedging MT5 account types only. It is designed to work best with low spread and fast execution, making it ideal for use with a good ECN broker. The software uses a safety stoploss and takeprofit for each trade, and employs multiple trailing stoploss techniques to minimize risk and maximize profits. It does not use risky trading techniques such as grid or martingale.
The software runs fully automatically and does not require any manual interventions. It uses numerous internal filters to ensure it does not trade when the markets are not ideal, such as during times of large spreads or “hectic” markets. However, it is recommended to turn off the system on extreme news days, such as during US elections.
Easy Setup Process
Setting up the Red Hawk MT5 is a straightforward process. You simply run the EA on a M5 chart for each of the supported currency pairs, and select your risk. There is no need for .set files as all the settings are stored internally in the EA for the optimized pairs. You may need to adjust the GMT setting if your broker uses a different GMT offset than: GMT offset winter = 2, GMT offset summer = 3.
The risk can be set in two ways: by default, the EA uses a fixed lotsize of 0.01lots, or you can select an automatic lotsize, either by balance or by risk per trade. The initial SL is almost never hit, as the trailingSL will kick in almost immediately.
Performance and Results
Red Hawk MT5 has a live track record of several months of stable trading with low drawdown. However, it is important to remember that historical performance is not a guarantee of future performance. Always start trading with a demo account or low risk setup to ensure this type of strategy suits your trading style. You can watch independent testing of this product on the forexroboteasy.com website and also subscribe to updates on the results of testing this product.
FAQs
What are the recommended brokers for Red Hawk MT5?
The recommended brokers are ICMarkets.com or Alpari.com.
What are the recommended VPS for Red Hawk MT5?
The recommended VPS is 4xhosting.com.
What is the cost of Red Hawk MT5?
The current promo price is $249, with the final price being $999. If you buy now, you get 1 EA for free for 2 trade accounts.
We invite all users of Red Hawk MT5 to share their experiences and insights. Your feedback can help others make informed decisions about whether this Forex software is the right fit for their trading needs.
This review is independent and aims to provide a comprehensive look at the features and performance of the Red Hawk MT5. We hope it has provided you with valuable insights into this Forex trading software.
Red Hawk MT5 Review: Efficient Forex Software Deal
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Xinhe Xiang
1 review
Red Hawk MT5 Review: Revolutionising Forex Trading Software
Unlike other EAs that require constant tweaking and monitoring, Red Hawk MT5 operates smoothly, allowing me to focus on other aspects of my trading strategy. The number of orders it can handle is impressive, and it does so without any hitches. The strength of this software lies in its robustness and reliability. I've found that the developers of Red Hawk MT5 have done an excellent job in ensuring its performance remains consistent. It's clear that they understand the needs of forex traders and have designed an EA that meets these needs effectively. One of the things I appreciate the most about Red Hawk MT5 is its user-friendly interface. Even if you're new to forex trading, you'll find it easy to navigate and understand. It's also worth mentioning that the customer support provided is top-notch. Whenever I've had questions or encountered issues, they've been quick to respond and provide solutions. In my opinion, Red Hawk MT5 is a powerful tool that can significantly enhance your forex trading experience. It's a worthy investment that can potentially yield high returns. If you're serious about forex trading, I highly recommend giving Red Hawk MT5 a try. For those interested in discussing more about forex trading, feel free to reach out to me on WeChat at 917552750. ★★★☆★★"
ADELYN CASTILLO
1 review
forex-robot-review
It is designed for nine currency pairs, but I only trade three. Each trader has his own coins. I set it up once, then everything goes automatically, I don't sit for hours, as with manual control