Greedy Red - Volume Profile FR Expert Advisor
RSI Divergence + Martingale Strategy | 7.1/10 Rating
Greedy Red by Mihails Babuskins is a MetaTrader 4 Expert Advisor that combines Volume Profile FR analysis with RSI divergence detection. Instead of reading plain candle volume, the robot estimates how much volume traded at each price level to locate support and resistance, then looks for RSI divergence near those zones as a reversal trigger. It can run on 13 currency pairs, including XAUUSD, EURUSD and GBPUSD, across M15, M30, H1 and H4 charts, and it manages open positions with a martingale recovery method plus a trailing stop.
This MT4 EA is aimed at experienced traders who already understand how martingale position sizing behaves when a trend refuses to reverse. The volume-at-price logic is a genuine point of difference from typical indicator crossover robots, and each pair can be tuned with its own settings, but the recovery layer is where the real risk sits. Buyer feedback on MQL5 is mostly positive, yet some users report blown accounts after extended losing runs. Treat any backtest vs live comparison with caution, start on a demo, keep lot multipliers conservative, and monitor the account closely rather than leaving this forex robot unattended.
Our AI scored Greedy Red at 7.1/10. The rating credits the unusual Volume Profile approach, multi-pair flexibility and decent community sentiment, while holding back because martingale money management can erase weeks of gains in a single bad move. See the AI analysis below for what that score means.
Performance Overview
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🤖 AI Analysis & Personalized Recommendation
Our AI Analysis Results
Based on our comprehensive analysis of Greedy Red, here's what our AI system found and what it means for you:
📊 Accuracy: 78%
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.
💰 Profitability: 7/10
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.
⚡ Speed: 6/10
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.
🛡️ Reliability: 7/10
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.
🎯 Overall Recommendation
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.
Key Features & Benefits
📊 Volume Profile FR Analysis
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.
🔄 RSI Divergence Detection
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.
🎯 Martingale Position Management
Advanced Martingale method for position management that can amplify profits during winning streaks. Features automatic money management and position sizing across multiple currency pairs.
🛡️ Trail Stop Mechanism
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.
🌍 Multi-Currency Support
Supports 13 major currency pairs including XAUUSD, EURUSD, GBPUSD, and more. Each pair can be configured with specific parameters for optimal performance.
⚙️ Easy Configuration
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.
Real Market Performance Data
📊 MQL5 Market Statistics
🎯 Trading Strategy Details
Why Choose Greedy Red
📊 Volume Profile FR Technology
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.
🔄 RSI Divergence Detection
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.
🔀 Explore other options
Not set on Greedy Red? See our ranked alternatives below—each with AI scores and a one-click compare view against this tool.
Market Performance & User Feedback
📊 MQL5 Market Data
- Rating: 4.32/5 stars (good)
- Demo Downloads: 1,109 downloads
- Current Version: 2.7 (Updated August 2025)
- Published: Available on MQL5
- Price: $129 USD
- Activations: 10 activations per purchase
📈 User Reviews & Feedback
- Total Reviews: 33 reviews
- Comments: 15 community comments
- Success Stories: Mixed feedback on performance and risk management
- Support Quality: Active developer support from Mihails Babuskins
- Compatibility: Works with any MT4 broker, VPS recommended
Settings & Configuration
Greedy Red Configuration:
- Installation: Copy the .ex4 file to your MetaTrader 4 Experts folder
- Setup: Attach to your preferred chart (supports multiple timeframes)
- Configuration: Configure Volume Profile FR parameters and RSI Divergence settings
- Currency Pairs: Supports 13 major currency pairs including XAUUSD, EURUSD, GBPUSD
- VPS: Recommended for continuous operation across multiple pairs
- Risk Management: Use appropriate lot sizing and understand Martingale risks
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Purchase & Resources
💰 Purchase Greedy Red
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.
User Reviews & Feedback Analysis
✅ Positive Feedback
Volume Profile FR Technology
Users appreciate the advanced Volume Profile FR analysis that provides institutional-level insights into support and resistance areas across multiple currency pairs.
RSI Divergence Detection
Multiple users report that the RSI Divergence detection system effectively identifies potential reversal points in the market when combined with Volume Profile analysis.
Developer Support & Community
Users highlight excellent developer support from Mihails Babuskins and active community engagement for learning and assistance.
⚠️ Risk Concerns
Martingale Risk Concerns
Some users report account blow-ups due to Martingale risks during extended losing streaks. The system can amplify losses significantly if not properly managed.
Complexity & Monitoring
Users emphasize the importance of understanding the Volume Profile FR technology and not leaving the EA unattended during volatile market conditions.
Moderate Performance
Users note that while the EA shows good accuracy (78%), the overall performance is moderate - better suited for experienced traders who understand the risks.
Frequently Asked Questions
How much does Greedy Red cost?
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.
What makes Greedy Red different from other trading EAs?
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.
How do I install and configure Greedy Red?
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.
Do I need a VPS for Greedy Red?
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.
What currency pairs does Greedy Red support?
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.
How does the Volume Profile FR technology work?
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.
What kind of support does Mihails Babuskins provide?
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.