Red Star EA MT4 + Setfiles (Latest version)

Red Star EA MT4 Introduction

Red Star EA MT4 provides automated trend-following trading designed to capitalize on accelerating market trends while managing position drawdowns through intelligent exit algorithms. This MetaTrader 4 expert advisor operates on 5-minute charts across six major currency pairs, employing proprietary systems to detect trend amplitude increases and optimize exit timing during consolidation phases. Performance varies dramatically by pair – EURJPY achieves exceptional 91.58% win rate with 1.80 profit factor, while substantial drawdowns of 35-48% across backtests reflect the system’s transparent approach to performance reporting.

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About the Red Star EA MT4’s Author

Red Star EA MT4 is created by Evgeniy Zhdan, a Russian developer with over 12 years of automated trading expertise. His MQL5 profile displays a 2.9 rating from 108 reviews alongside active trading signals for public verification. Zhdan’s extensive experience in forex automation is demonstrated through Red Star’s sophisticated architecture, combining advanced trend detection with intelligent risk management algorithms.

Key Highlights

• Dual-System Architecture: Utilizes proprietary trend amplitude detection for entry timing combined with narrow range algorithms for strategic exit management, enhanced by automated lot sizing and comprehensive trailing stop functionality

• Trend Momentum Strategy: Analyzes increasing amplitude of trend movements to time entries during acceleration phases, incorporating specialized narrow price range detection algorithms for optimal drawdown management and loss minimization

• Comprehensive Risk Controls: Automated percentage-based position sizing, integrated trailing stops for profit protection, maximum spread and slippage controls for execution optimization, plus proprietary algorithms for gentle drawdown recovery

• Variable Performance Results: EURJPY backtests show 91.58% win rate, 1.80 profit factor, 119,494.97 net profit; GBPUSD demonstrates 42.31% win rate, 1.58 profit factor; EURUSD achieves 543% return over 19 months (Warning: Maximum drawdowns of 35.15%-48.42% require substantial risk management)

• Critical Risk Disclosure: Extensive backtesting reveals significant drawdown exposure across all tested pairs; performance varies dramatically between currency pairs requiring individual optimization and conservative capital allocation for sustainable operation

Red Star EA MT4 Recommended

• Trading Platform: MetaTrader 4 (MT4) platform exclusive
• Supported Pairs: EURJPY, EURGBP, EURUSD, USDJPY, USDCAD, GBPUSD
• Account Compatibility: Standard and ECN account types supported
• Required Timeframe: M5 (5-minute) for optimal algorithm performance
• Operating Schedule: 24/5 automated operation with VPS hosting recommended
• Leverage Guidelines: 1:100 to 1:200 maximum – conservative approach mandatory given drawdown history
• Minimum Capital: $3,000+ recommended to survive 35-48% drawdown scenarios safely

Leverage Warning: Observed maximum drawdowns reaching 48.42% require extremely conservative leverage usage and adequate capital reserves for account preservation.

Installation and Usage Tips

• Risk Management: MaxRisk setting controls percentage-based lot sizing – limit to 1-2% maximum given substantial drawdown potential
• Position Sizing: LotSize parameter for fixed sizing when MaxRisk=0 – use 0.01 lots per $1000 minimum
• Profit Protection: TrailingStop and TrailingStep parameters manage profit securing – calibrate according to pair volatility
• Execution Filtering: MaxSpread prevents entries during poor conditions, Slippage controls order execution quality
• Trade Management: Magic Number separates EA trades, Stop Loss/Take Profit require pair-specific calibration
• Chart Interface: ShowLogo and ShowNext control visual elements, Text size and LogoColor customize display
• Market Controls: Spread and slippage limits prevent unfavorable trade execution during volatile conditions

Deployment Essentials: VPS hosting ensures continuous operation while conservative risk parameters are mandatory to survive the significant drawdown periods documented in backtesting.

Red Star EA MT4 Review

Red Star EA MT4 delivers sophisticated trend-following automation with extremely variable cross-pair performance, achieving remarkable success on EURJPY while struggling significantly on GBPUSD. The system successfully automates trend detection but requires expert risk management due to substantial drawdown exposure. Best suited for experienced traders comfortable with high-risk strategies and extensive parameter optimization.

Backtest Performance Summary:
• EURJPY Success: 91.58% win rate, 1.80 profit factor, 475 total trades, 48.42% maximum drawdown

• GBPUSD Struggle: 42.31% win rate, 1.58 profit factor, 728 total trades, 35.15% maximum drawdown

• EURUSD Results: 543% return over extended backtesting period with consistent trend approach

Why Choose Red Star EA MT4

• Advanced Algorithm Integration: Combines sophisticated trend acceleration detection with intelligent drawdown management, offering superior market analysis compared to basic trend-following systems
• Proven High-Performance Potential: Demonstrates exceptional 91.58% success rate on EURJPY with robust profit factor, showcasing the system’s capabilities when properly optimized
• Full Automation Benefits: Eliminates emotional trading interference while maintaining continuous market presence, ensuring disciplined strategy execution during favorable conditions
• Complete Performance Transparency: Openly displays both successful and challenging pair results, enabling realistic assessment rather than hiding unfavorable outcomes
• Integrated Risk Architecture: Features automatic position sizing, trailing profit locks, and execution quality controls for comprehensive trading risk management

Conclusion

Red Star EA MT4 offers sophisticated trend-following automation with exceptional potential on optimized pairs like EURJPY, though requiring expert management due to substantial drawdown risks and inconsistent cross-pair performance. Most suitable for experienced traders capable of parameter optimization and comfortable with significant account volatility periods.

Ready to Use Red Star EA MT4?

• Telegram Support: https://t.me/+TT_oy2yBiQZjZjE1 
• Email Contact: [email protected]
• Website: cheapforexea.com

Red Star EA MT4 Download Packages:

• Link download experts:
  • Red Star EA MT4 .ex4
• Presets