Red Hawk EA
Red Hawk EA
Red Hawk is a “mean reversion” trading system, that trades during the quiet times of the market.
It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD.
Recommended timeframe: M5
Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker.
The EA already has a live track record of many months of stable trading with low drawdown.
The strategy uses a safety stoploss and takeprofit for each trade, and multiple trailing stoploss techniques are implemented to minimize the risk and the maximize the profits.
This EA does NOT use any risky trading techiques like grid or martingale.
The EA runs fully automatically and does not require any manual interventions. It utilizes many internal filters, to make sure it will not trade when the markets are not ideal (like big spreads, or “hectic” markets). However, I do recommend to turn off the system on extreme news days, like US Elections for example.
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