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.