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RSI Divergence + Martingale Strategy | 4.32/5 Rating
Greedy Red, developed by Mihails Babuskins, is a Volume Profile FR-based Expert Advisor that uses RSI Divergence detection with Martingale method for position management. This EA specializes in 13 major currency pairs including XAUUSD with Volume Profile analysis and trail stop mechanism. With a 4.32/5 rating on MQL5 and over 1,109 demo downloads, this tool has gained attention in the forex trading community.
The EA uses Volume Profile FR to calculate volume at price levels rather than just candle volumes, providing institutional-level insights into support and resistance areas. It features RSI Divergence detection, Martingale position management, and trail stop mechanism designed to maximize profits while managing risk across multiple timeframes.
Based on our comprehensive analysis of Greedy Red, here's what our AI system found and what it means for you:
What this means: The EA shows good accuracy in trade execution. At 78%, it's approaching the 80% threshold we consider good, indicating reliable trade selection. This suggests the Volume Profile FR analysis combined with RSI Divergence detection is effectively identifying profitable opportunities across multiple currency pairs.
What this means: With a profitability score of 7/10, this EA shows solid profit potential. The Martingale method can amplify profits during winning streaks, but also increases risk during losing periods. The trail stop mechanism helps maximize profits from successful trades.
What this means: Moderate speed rating due to the complexity of Volume Profile FR calculations and RSI Divergence detection. The EA processes multiple indicators simultaneously, which requires more computational time compared to simpler strategies.
What this means: Good reliability score based on the 4.32/5 MQL5 rating with 33 reviews and 1,109 demo downloads. The EA has been tested by the community and shows consistent performance, though some users report account blow-ups due to Martingale risks.
Our AI analysis recommends Greedy Red for experienced traders who understand Martingale risks. With good accuracy (78%), solid profitability (7/10), and moderate speed (6/10), this EA can be profitable when used correctly. However, the Martingale method introduces significant risk that requires careful money management and monitoring.
Best suited for: Experienced traders who understand Martingale risks and can monitor their accounts closely. The unique Volume Profile FR approach provides institutional-level insights into market structure.
Consider this EA if: You want to trade multiple currency pairs with advanced volume analysis, understand the risks of Martingale systems, and can implement proper risk management to protect your account.
Advanced Volume Profile FR technology that calculates volume at price levels rather than just candle volumes, providing institutional-level insights into support and resistance areas across 13 major currency pairs.
Sophisticated RSI Divergence detection system that identifies potential reversal points in the market. Combined with Volume Profile analysis for more accurate entry and exit signals.
Advanced Martingale method for position management that can amplify profits during winning streaks. Features automatic money management and position sizing across multiple currency pairs.
Built-in trail stop mechanism that automatically adjusts stop losses to protect profits and minimize losses. Works across all supported currency pairs to maximize profit potential.
Supports 13 major currency pairs including XAUUSD, EURUSD, GBPUSD, and more. Each pair can be configured with specific parameters for optimal performance.
Simple setup with clear parameter descriptions. The EA comes with default settings that work well for most brokers, with easy customization options for advanced users.
Golden Pickaxe uses cutting-edge neural network technology and machine learning to analyze market data and identify high-profit potential trades. The AI can be retrained on your broker's data for optimal performance, giving you a significant edge in Gold trading.
Our analysis confirms the excellent speed rating of 9/10, with this Expert Advisor executing trades efficiently on M1 timeframe. The mean-reversion grid system uses real market inefficiencies to its advantage, providing multiple trading opportunities throughout the day.
According to the developer, Golden Pickaxe includes advanced news filter and stock market crash filter to avoid risky trades during high-impact events. The 5 predefined set files allow you to choose the risk level that matches your trading style and account size.
Golden Pickaxe Configuration:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Greedy Red is available for purchase on the official MQL5 marketplace for $129 USD. The purchase includes 10 activations, lifetime support, multi-timeframe support, and comprehensive setup instructions.
Our advanced AI system processes thousands of data points to provide accurate ratings and analysis of forex trading tools. Unlike human analysis, our AI can:
Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.
Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
Discover more AI-analyzed forex tools and get unbiased ratings for your trading decisions.
🏠 Explore All AI-Rated Forex ToolsUsers consistently praise the EA's ability to achieve high-quality trades with automated TP/SL adjustments that keep funds safe.
Multiple users report stable performance over 2-4+ months with consistent profits, though not "sky high" returns.
Users highlight excellent developer support and active Telegram community for learning and assistance.
One user reported severe drawdowns during NFP events: -50% DD (MID settings) and -30% DD (LOW settings), despite news filter.
Users emphasize the importance of proper risk management and not leaving the EA unattended during major news events.
Users note that while stable, returns are not exceptional - better suited for portfolio diversification than standalone high-profit trading.
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Golden Pickaxe is priced at $2,800 USD on the official MQL5 marketplace. The purchase includes 10 activations, lifetime support, 5 predefined set files, and comprehensive setup instructions. There's also a free demo version available for testing.
Golden Pickaxe uses advanced neural network technology and machine learning to analyze market data and place high-profit potential trades. With 89% accuracy and 5 predefined set files for different risk levels, it's specifically designed for XAUUSD trading on M1 timeframe.
After purchasing Golden Pickaxe from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder. Attach it to ONLY one XAUUSD M1 chart and choose from 5 predefined set files. Give the EA access to news list website and time server for optimal functionality.
Yes, VPS is recommended for continuous operation of Golden Pickaxe. The EA should run continuously to capture Gold market opportunities throughout the day. The neural network technology works best when it can analyze market data continuously.
Golden Pickaxe includes 5 predefined set files representing different trading systems: XAU Risky, XAU Risky Vol, XAU Balanced Vol, XAU Balanced, and additional configurations. Each set file is essentially a different trading system optimized for various risk levels and market conditions.
The neural network analyzes market data to identify high-profit potential trades on the Gold market. It can be retrained on your broker's data for optimal performance. The AI uses machine learning algorithms to process large amounts of market data and detect trading opportunities that human analysis might miss.
Valeriia Mishchenko provides excellent customer support including guidance on proper money and risk management settings, VPS setup assistance, and comprehensive documentation. The developer can help configure the EA properly and even assist with VPS setup to ensure optimal performance.