FX
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RSI Divergence + Martingale Strategy | 7.10/10 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.
Greedy Red uses 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. This gives you a significant edge in understanding market structure.
Our analysis confirms the sophisticated RSI Divergence detection system that identifies potential reversal points in the market. Combined with Volume Profile analysis, this provides more accurate entry and exit signals across 13 major currency pairs.
Greedy Red includes advanced Martingale position management with trail stop mechanism to protect profits and minimize losses. The EA features automatic money management and position sizing designed to maximize profits while managing risk effectively.
Greedy Red 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.
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🏠 Explore All AI-Rated Forex ToolsUsers appreciate the advanced Volume Profile FR analysis that provides institutional-level insights into support and resistance areas across multiple currency pairs.
Multiple users report that the RSI Divergence detection system effectively identifies potential reversal points in the market when combined with Volume Profile analysis.
Users highlight excellent developer support from Mihails Babuskins and active community engagement for learning and assistance.
Some users report account blow-ups due to Martingale risks during extended losing streaks. The system can amplify losses significantly if not properly managed.
Users emphasize the importance of understanding the Volume Profile FR technology and not leaving the EA unattended during volatile market conditions.
Users note that while the EA shows good accuracy (78%), the overall performance is moderate - better suited for experienced traders who understand the risks.
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Greedy Red is priced at $129 USD on the official MQL5 marketplace. The purchase includes 10 activations, lifetime support, multi-timeframe support, and comprehensive setup instructions. There's also a free demo version available for testing.
Greedy Red uses advanced Volume Profile FR technology and RSI Divergence detection to analyze market data and place trades. With 78% accuracy and support for 13 major currency pairs, it's specifically designed for multi-pair trading with Martingale position management.
After purchasing Greedy Red from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder. Attach it to your preferred chart and configure the parameters. The EA supports multiple timeframes and can be customized for different risk levels and trading styles.
Yes, VPS is recommended for continuous operation of Greedy Red. The EA should run continuously to capture trading opportunities across multiple currency pairs throughout the day. The Volume Profile FR analysis works best when it can analyze market data continuously.
Greedy Red supports 13 major currency pairs including XAUUSD, EURUSD, GBPUSD, USDJPY, and more. Each pair can be configured with specific parameters for optimal performance. The EA uses Volume Profile FR analysis to identify support and resistance levels across all supported pairs.
The Volume Profile FR technology calculates volume at price levels rather than just candle volumes, providing institutional-level insights into support and resistance areas. Combined with RSI Divergence detection, it identifies potential reversal points in the market for more accurate trade entries.
Mihails Babuskins 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.