Greedy Blue

Overview of Greedy Blue

• Greedy Blue is a fully automated Forex trading robot designed for the MetaTrader 4 platform.
• It specializes in price breakout strategies and utilizes a volume profile to make trading decisions.
• The EA identifies key market levels with the Volume Profile FR indicator, enabling it to intelligently manage trades.

Core Features

• Operates based on the 123 Breakout indicator, facilitating timely trade entries when the price breaks specific patterns.
• Employs a trailing stop mechanism to maximize profits while minimizing risk.
• Does not use a fixed take profit, allowing for more flexibility in capturing larger market moves. 📈

Trading Recommendations

• Best used on trading pairs such as AUDNZD, NZDCHF, and XAUUSD.
• Optimal timeframes include M15, M30, H1, and H4, with M15 being the most effective.
• Minimum deposit requirements are $100 in Cent accounts and $800 in Standard accounts.

Risk Management

• Greedy Blue handles risk using a Martingale method; therefore, traders must be aware of the potential risks associated with this strategy.
• All open positions are protected with stop-loss orders to guard against sharp market fluctuations. ⚠️

User Feedback

• Users generally praise Greedy Blue's ability to adapt to market changes and its user-friendly interface.
• Some reviews highlight concerns regarding drawdowns when using aggressive settings, necessitating prudent risk management practices.
• Overall, the EA is considered beneficial for those who understand and embrace its trading philosophy. 🌟

Getting Started

• Contact the author post-purchase for detailed user manuals and setup guides.
• Employ settings tailored to the individual's trading style for optimal performance.
• Always conduct backtesting before going live to assess compatibility with personal trading strategies.