Red Hawk EA MT4 V3.8 with Setfiles

What is Red Hawk EA?

Red Hawk EA distinguishes itself as a MetaTrader 4 Expert Advisor utilizing proven mean reversion methodology without dangerous Grid or Martingale techniques, developed by seasoned MQL5 author Wim Schrynemakers with 11+ years platform experience. The system achieved 126.56% yearly return with controlled 19.65% maximum drawdown in comprehensive 2012-2020 backtests. This fully automated solution targets quiet market periods for consistent profit generation while prioritizing long-term capital preservation.

• Vendor website: Click Here

About the Red Hawk EA’s Author

Wim Schrynemakers, Malta-based developer, brings over 11 years of MQL5 platform expertise with 30 published trading products. His development philosophy emphasizes sustainable, risk-aware trading systems over high-risk profit maximization strategies. User feedback consistently highlights his responsive support quality and professional commitment to system reliability and ongoing improvements.

Key Takeaway

• Core Trading Method: Mean reversion strategy captures price correction opportunities during low-volatility market periods, employing sophisticated internal filters to avoid high-spread and volatile conditions that undermine strategy effectiveness

• System Architecture: Executes trades on M5 timeframe across nine currency pairs (EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUDCAD, AUDJPY, EURAUD, USDCAD) with comprehensive stop loss protection and multiple trailing profit techniques

• Risk Framework: Deliberately avoids Grid and Martingale systems, provides flexible lot sizing options, includes pre-configured Low/Medium/High risk settings, implements automatic market condition screening

• Performance Statistics: 76.45% win rate with 31.95% CAGR, however 0.17 risk-reward ratio indicates strong dependency on maintaining high accuracy levels for sustained profitability

• Operational Benefits: Eliminates emotional trading decisions, provides continuous 24/7 market monitoring, offers portfolio diversification across multiple currency pairs

• Strategic Risks: Susceptible to losses during sustained trending markets where mean reversion fails, requires ECN broker environment with tight spreads, profitability depends on consistent high win rate performance

Recommendations for Red Hawk EA

• Platform: MetaTrader 4 (MT4) exclusively – no MetaTrader 5 support available

• Supported Pairs: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUDCAD, AUDJPY, EURAUD, USDCAD – multi-pair approach reduces single-currency risk exposure

• Broker Type: ECN brokers strongly recommended (suggested: Exness, HTFX) – standard accounts may experience degraded performance due to wider spreads

• Chart Timeframe: M5 (5-minute) exclusively – system specifically optimized for this timeframe

• Trading Hours: Automated quiet-period recognition – no manual schedule management necessary

• Leverage: Moderate 1:100 to 1:400 recommended – higher leverage amplifies both profit opportunities and loss potential, requiring enhanced risk management protocols

• Account Balance: $500+ minimum recommended – higher capital enables superior risk distribution and more stable multi-pair performance

Quick-Start Parameter Guide

Risk Control Parameters:
• Risk_Per_Trade: 0.5% default – controls position sizing based on account balance risk exposure
• StartLots: 0.01 – base lot size when using fixed lot mode
• AutoLotMode: Select between fixed lots or risk-percentage-based auto-sizing

Execution Management:
• Max Spread allowed: 18.0 – prevents trade execution during high spread conditions
• Spread deletion threshold: 23.0 – cancels pending orders if spreads exceed limit
• OneChartSetup: false default – enable for multi-pair trading from single chart

Time Configuration:
• AutoGMT: true – automatically adjusts for broker time zone in live trading
• GMT Offset winter/summer: Manual settings for backtesting only

Display Controls:
• ShowInfoPanel: true – provides real-time performance information
• MagicNumber: 987001 – unique identifier for EA trades

Important Warning: Incorrect spread settings may completely prevent trade execution; verify broker compatibility thoroughly before live deployment.

Red Hawk EA Review

Red Hawk EA demonstrates methodical mean reversion trading with strong emphasis on risk management, providing consistent performance while avoiding dangerous recovery methods, though success depends critically on maintaining high win rate accuracy during challenging market conditions.

Historical Performance (2012-2020 Backtests):
• Total returns: $1,107.45 with 76.45% win rate accuracy
• Drawdown control: 19.65% maximum – significant but manageable
• Risk-reward balance: 0.17 – requires exceptional win rate maintenance
• Compound growth: 31.95% CAGR across eight-pair portfolio

Real User Experiences:
• “Consistent low drawdown performance, true set-and-forget operation” – thatwazmysn (12-month usage)
• “Medium risk settings deliver approximately 3% monthly profit” – Paslariu Marius
• “Stable long-term performance with reliable execution” – zzwyzwy

Why Choose Red Hawk EA

• Safety-First Design: Non-Martingale architecture eliminates account-destroying risks associated with aggressive recovery systems, though requires patience during periods of reduced trading activity

• Verified Performance: Independent Myfxbook and FXBlue validation provides result transparency, while acknowledging that past performance cannot guarantee future market outcomes

• Portfolio Diversification: Nine-pair trading strategy distributes risk across multiple currencies for enhanced stability, requiring sufficient capital for effective diversification implementation

• Proven Developer: Extensive MQL5 platform experience ensures ongoing compatibility and professional support, though creates dependency on single developer for future updates

• Risk-Conscious Approach: Multiple pre-configured risk levels accommodate different trader preferences, but low risk-reward ratio means extended losing streaks can substantially impact overall account performance

Conclusion

Red Hawk EA offers conservative, independently verified automated trading performance ideal for risk-averse traders prioritizing capital preservation over aggressive growth targets, though its mean reversion dependency and modest risk-reward ratio require realistic performance expectations. Conservative traders comfortable with moderate drawdowns and gradual profit accumulation will find optimal compatibility, while those seeking rapid returns or trending market strategies should consider alternative automated solutions.

Ready to Use Red Hawk EA MT4?

• Telegram Support: https://t.me/+E2r7ipeuS6BjNzFl
• Email Contact: [email protected]
• Website: eafxway.com

Red Hawk EA MT4 Download Packages:

• Link download experts:
  • Red Hawk EA MT4.ex4
• Presets:
  • Redhawk_highRisk.set
  • Redhawk_lowRisk.set
  • Redhawk_mediumRisk.set

FAQs