Greedy Red EA v2.6 MT4 + SetFiles

Greedy Red EA – Volume Profile FR + RSI Divergence MT4 Expert Advisor

Greedy Red EA is a MetaTrader 4 Expert Advisor developed by Mihails Babuskins that trades support and resistance reversals using Volume Profile FR analysis combined with RSI divergence entries across up to 14 currency pairs and XAUUSD. A public Myfxbook account under MihailsTrader shows a live USD account on LiteFinance with results recorded across 2024. Explicit Myfxbook Track Record and Trading Privileges verification labels were not confirmed, so these results should be treated as a public live account page rather than a platform-audited record.

• Vendor website: Click here

Key Highlights

• ✅ Volume Profile FR + RSI divergence entry logic — rules-based, not trend-following
• ✅ Trades 14 currency pairs plus XAUUSD on M15 (primary), M30, H1, and H4
• ✅ Public live Myfxbook account available for independent review
• ✅ Martingale recovery entries used — stop-losses present on all positions; trailing stop replaces fixed take-profit
• ✅ Start from $100 on a cent account or $800 on a standard account; minimum 1:30 leverage required

Performance Results

The public Myfxbook account under MihailsTrader records 224.48% growth from January through December 2024 on a live USD account at LiteFinance, with a 66.2% win rate across 3,983 total trades and a profit factor of 13.83. Maximum drawdown over the 2024 period reached 14.4%.

The full Myfxbook account history — covering a longer period beyond 2024 — shows a 68.79% maximum drawdown figure. These two figures reflect different measurement windows on the same account, not a contradiction. The 14.4% figure covers 2024 only; the 68.79% figure covers the full account lifetime and likely includes earlier periods with different position sizing or risk settings. Review both figures and the full equity curve directly before making any capital decision.

A separate MQL5 Signal account attributed to the same developer shows consistent upward equity growth over 28 weeks with figures broadly consistent with the Myfxbook data, including 224% growth since 2024 and a maximum deposit load of 4.5%.

View the public Myfxbook account for Greedy Red EA

The martingale recovery mechanism is the primary driver of risk. When a divergence trade moves against the position, the EA opens an additional trade at increased volume. A sustained adverse move across multiple correlated pairs simultaneously can accelerate drawdown beyond the 2024 documented figure. Start on a cent account, keep lot sizes conservative, use an ECN broker with tight spreads, and monitor open trade count during high-volatility periods.

Results are from a public live account covering January–December 2024. Explicit platform verification labels were not confirmed. Past performance does not guarantee future results.

How It Works

Strategy: RSI divergence reversals at high-volume price levels identified by Volume Profile FR. Targets zones where market structure and volume data indicate potential reversal — not trend-following breakouts.

Entry: RSI divergence signal at a Volume Profile FR support or resistance level. Both conditions must align before a position opens.

Exit: Trailing stop closes all positions — no fixed take-profit. If the initial trade moves against the position, the EA waits for a new divergence signal and opens a recovery trade at higher volume using a martingale method.

Risk Control: Automatic money management built in. Stop-losses documented on all positions. Trailing stop manages exit. Minimum 1:30 leverage required. Developer states positions must not be modified manually.

✅ Best conditions: M15 timeframe on recommended pairs • ECN account with low spreads • Account currency USD or EUR

⚠️ Caution: Manual trade interference is documented as harmful by the developer. High-volatility news events can trigger adverse martingale sequences across multiple correlated pairs simultaneously.

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• Traders who understand martingale recovery risk and can size positions conservatively from the start
• MT4 users who want a multi-pair reversal strategy backed by a public live account record rather than backtests alone
• Traders starting with a cent account at $100 who want to observe live behavior before committing larger capital

✅ Best results when:

• Running on an ECN broker with tight spreads and account currency in USD or EUR
• The Magic Letter setting is configured separately for each chart instance to avoid position conflicts
• Automatic money management settings are kept conservative, especially when running multiple pairs simultaneously

Download Package Included

• ✅ Experts:
  • Greedy Red EA v2.6_fix.ex4
• ✅ Presets:
  • Pro Set_Normal risk.set

Product download link is sent immediately via email after purchase.