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Content: Expert: Red Hawk EA_fix.ex4 v3.8 (Unlocked-Unlimited), NO MANUAL.
🦅 Red Hawk EA — Overview
Red Hawk is a fully automated mean reversion EA that trades during low-volatility night sessions. It targets small price deviations that typically revert to the mean during quiet market hours. Ideal for traders seeking low drawdown and stable performance.
🔑 Key Features
✅ Mean Reversion Strategy – Trades small reversals in quiet markets
✅ 9 Supported Currency Pairs:
EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP
AUDCAD, AUDJPY, EURAUD, USDCAD
✅ Timeframe: M5
✅ Safety Features:
Fixed Stop Loss & Take Profit
Trailing Stop techniques
Spread filter
News filter (manual control recommended)
❌ No grid or martingale
⚙️ Setup Instructions
🖥️ Broker, Terminal & VPS
Platform: MT4
Broker: Recommended – ICMarkets.com or Alpari.com
Account Type: ECN
Minimum Deposit: $200+
VPS: Recommended – 4xhosting.com
⏱️ GMT Settings
Season | Typical Offset | Notes |
---|---|---|
Winter | GMT +2 | Common default |
Summer | GMT +3 | Adjust in “GMT offset (winter)” |
⚠️ If your broker uses a different GMT offset, update the “GMT offset (winter)” in EA settings accordingly.
🌐 AutoGMT Setup
Navigate to:
Tools > Options > Expert Advisors
Enable: ✅ Allow Web Requests for listed URL
Add:
📊 How to Install
Attach Red Hawk EA to M5 chart for each of the 9 supported pairs
Set your preferred risk mode
No .set files required – settings are built-in and optimized
Enable ✅ Auto Trading
📈 Risk Settings Guide
🔹 Fixed Lot Mode
Set “StartLots” = 0.01 (or desired lot size)
🔹 Auto Lots by Balance
Set “LotsizeStep”
Low Risk:
250
→ 0.01 lots per $250Medium Risk:
125
High Risk:
60
Example: With $500 balance & LotsizeStep=250 → 0.02 lots
🔹 Auto Lots by Risk %
Set “Maximum risk per trade”
If SL is hit, the % of balance risked is capped
SL rarely hit due to trailing stop activation
📎 Predefined risk presets:
View Recommended Presets & Settings
🧠 How It Works
Trades during quiet times at night (rollover hours)
Uses mean reversion logic to capture rebalancing moves
Avoids trades during:
Large spreads
Hectic, news-driven market conditions
Trades only when market conditions are ideal
📌 Best Practices
✅ Use only trusted ECN brokers
✅ Run on fast VPS
✅ Adjust GMT offset correctly
✅ Start with demo or low-risk setup
✅ Manually disable EA during major news events (e.g., U.S. elections)
⚠️ Disclaimers
❗ Past performance does not guarantee future results
💡 Use only risk capital – never trade money you can’t afford to lose
🧪 Always test strategies in demo before going live
Would you like:
A PDF quick-start guide?
A custom onboarding sheet for clients or users?
Help creating web content or a sales landing page for Red Hawk?