Complete guide to using RED FOX Expert Assistant
The Red Fox trading robot is an Expert Advisor designed for traders who want to have low unrealized loss (drawdown) and steady profit growth through quick and smart take-up. Red Fox EA offers two trading modes. A safe mode with a very low latent loss which can be diluted on 5 pairs and an aggressive mode which can proceed on 9 pairs.
How does Red Fox EA work ?
Red Fox EA’s strategy is based on the reverse market price. It uses personalized internal indicators in order to analyze the market. Red Fox is designed to trade very low drawdown with the right setup at low risk.
It is a fully automated trading robot, it does not need daily checking or manual adjustment. That said, it is better to keep an eye on the Expert Advisor during a major market turnaround following sudden news.
Verified results on MyFxBook
Two trading accounts have been created to verify the functionality of Red Fox EA. One at $ 1000 and the other at $ 10,000 in real account. These two accounts are in “secure” configuration.
What are the requirements for using Red Fox EA ?
How to install Red Fox EA on MetaTrader 4 ?
Watch the how-to video below to install Red Fox EA in less than a minute. The best settings are given in the form of predefined files by default and it is not necessary to modify these settings (safe or aggressive trading). Just add them to MetaTrader 4 and launch the software.
An “EA”, also known as an “Expert Advisor”, is a form of artificial intelligence that automatically trades on your behalf. Indicators are signals displayed on the chart that let you know when to buy and when to sell.
The download link will be emailed to you directly after your purchase.
Installing Red Fox EA or an indicator is very easy. There are two installation methods, either using the PDF guide provided after your order or using the installation video provided above.
Red Fox EA or an indicator can only be installed on MetaTrader 4 software for Microsoft Windows (computer or VPS). But you can monitor the progress of trading using your smartphone and MetaTrader 4 for mobile.
Each order of a Red Fox EA license entitles you to use the Expert Advisor with only one “real” account and one “demo” account. To do this, send the “real” and “demo” customer number to technical support after your order in order to activate them.
Red Fox EA manages different pairs depending on the applied settings (safe or aggressive) which are given to you in the user guide provided after purchase. Everything is done to make Forex trading easier for you.
Red Fox EA can be installed at all brokers that allow the use of Meta Trader 4. Choose a regulated / authorized Broker on European territory to guarantee its reliability. Don’t be tempted by an “exotic” Broker offering leverage of 1:100 or more.
Red Fox EA might not trade for several reasons such as :
a) The “allow DLL imports” box has not been checked.
b) The “auto trading” box on the top bar has not been checked.
c) The “time frime” is not correct (choose 1 minute).
d) The predefined files for a currency pair were not installed correctly.
e) The Forex market is closed on weekends.
Yes, but you will no longer benefit from the best policy settings that have been created for the Expert Advisor. As a result, the proper functioning of Red Fox EA will be compromised.
Monthly earnings vary depending on the market and the Expert Advisor. For further clarification, please visit the MyFxBook links shown above.
No, each Expert Advisor must be installed on a separate trading account number and MetaTrader 4 platform. This possibility has been tested and disapproved because each Expert Advisor reacts according to the available capital.
The minimum funds required to start trading Forex with Red Fox EA is € 1000. The lot size is set automatically by Red Fox EA based on the amount available in your account. For each slice of 1000 €, the lot will be 0.01. For example, for an available capital of 5000 €, the lot size will be 0.05.