Available soon
Loading product…
Greedy Red is an MT4 expert advisor for gold (XAUUSD) and several forex pairs. It trades on divergence signals near support and resistance, trails its stops and can add to a position using a martingale-style method.
Get one message the moment it launches, with its price.
Greedy Red is an expert advisor for MetaTrader 4 that trades gold (XAUUSD) and a list of forex pairs. It looks for divergence signals near support and resistance areas, opens a position, trails the stop as price moves its way and can add to the position when a new signal appears.
The developer describes the logic as built around volume at price levels, which highlights zones where the market has reacted before, combined with divergence detection. When a signal appears, the EA opens a trade with a protective stop-loss. It does not set a fixed take-profit. Instead it moves the stop behind price, and the trade closes when that trailing stop is hit.
If the market goes against the first trade, the EA waits for another divergence. When one appears it opens a further trade, which increases the total volume. This is a martingale-style approach. It can recover from a pullback, but it also increases exposure when a move keeps going.
The developer lists XAUUSD and pairs such as AUDNZD, NZDCHF, AUDJPY, EURNZD, CHFJPY, AUDCAD, EURUSD, CADJPY, EURAUD, NZDCAD, NZDJPY, EURJPY and USDCAD. Supported timeframes are M15, M30, H1 and H4, with M15 preferred. Low spreads matter, so an ECN-style account is suggested. Base currency of USD or EUR is mentioned.
Exact input names and defaults can differ between releases, so read the inputs tab when you load the EA and check the manual supplied with it. The points below are the ones that matter most.
| Setting | What to check |
|---|---|
| Magic Letter | Use a different letter on every chart that runs the EA on the same account |
| Time filter | Decide which sessions or news periods you want to allow or avoid |
| Lot and risk inputs | Set them for your balance; test on demo before going live |
| Symbol and timeframe | Match them to the developer's list before attaching the EA |
Because the EA can add to losing positions and does not use a fixed take-profit, a long one-sided move can produce drawdowns much larger than a single trade would. Check your broker's leverage, margin and stop-out rules. Avoid manual changes to its positions, as they can interfere with how it manages the sequence.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
If the EA relies on a separate indicator, confirm with the developer whether that indicator must also be placed in the Indicators folder. When replacing the EA with a newer file while trades are open, use the same Magic Letter on each chart as before.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, not for MT5) |
| Strategy focus | Gold or XAUUSD, Signals, Momentum, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Markets | XAUUSD plus forex pairs such as EURUSD, AUDNZD, EURJPY and USDCAD |
| Timeframes | M15, M30, H1 and H4; the developer prefers M15 |
| Trade style | Divergence and support/resistance entries, trailing stop, averaging |
| Account | Low-spread ECN account suggested; USD or EUR base currency |
| Leverage | Developer suggests at least 1:30 |
| Requirements | Algo trading enabled; a VPS is advisable for continuous running |
No reviews yet. Customers who own Greedy Red can review it here.
No. This listing is the MetaTrader 4 version and runs only in MT4. An MT5 terminal cannot load it, so check your platform before buying.
The developer says it can run with any broker, but recommends an ECN-type account with low spreads and commission, because spread cuts into trades that use trailing stops. Check the spread on your chosen symbol before running it live.
Yes. Each chart needs a different Magic Letter in the settings so the EA can tell its own trades apart. Keep a record of which letter belongs to which chart, since you will need the same letter again if you reload the EA.
The developer gives guidance for cent and standard accounts, but the right amount depends on your broker, lot size and the number of pairs you run. Because the EA can add to losing positions, a small account leaves little room. Test on a demo account first and confirm the figures with the developer.
No automated strategy is safe. Adding to positions against the market can produce large losses in a strong trend, even with stop-losses in place. Trading carries risk, and past results do not predict future ones.
Copy the EA file into the MQL4/Experts folder through File, Open Data Folder in MT4, restart the terminal, then drag the EA onto a chart and allow algo trading. Full steps are in the installation section above.
Greedy Red
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Greedy Red? Sign in to review it.