Red Riding Hood EA V5.0 MT5

Introduction

Red Riding Hood EA V5.0 MT5 is an automated trading system built for the MetaTrader 5 platform. It is designed to provide structured, rule-based market execution using multi-layer confirmation logic and predefined risk management tools. The system aims to remove emotional trading decisions while maintaining controlled exposure through stop-loss protection and equity monitoring.

Key Features

• Fully automated trade execution
• Multi-layer entry confirmation strategy
• Advanced trend detection logic
• Built-in stop loss and take profit
• Adjustable percentage-based or fixed lot risk settings
• Break-even protection feature
• Trailing stop functionality
• Spread filtering mechanism
• Drawdown protection system
• Optimized for MT5 backtesting and execution

Recommended Settings (Conservative Setup)

• Risk per trade: 1% to 2%
• Enable break-even feature
• Enable trailing stop
• Enable spread filter
• Enable drawdown protection
• Use moderate leverage
• Backtest before live deployment
• Use VPS for stable 24/5 execution

Backtest Result

• Moderate and steady equity growth
• Controlled drawdown levels
• Stable risk-to-reward structure
• Profit factor generally above 1.3 (data dependent)

Advantages

• Structured multi-layer trading logic
• Strong built-in risk management
• Fully automated execution
• Adjustable risk flexibility
• Break-even and trailing stop for profit protection
• Drawdown monitoring for capital preservation
• MT5 optimization benefits

Disadvantages

• Performance depends on market conditions
• Moderate growth under conservative risk
• Sensitive to broker spread and slippage
• No guaranteed profitability
• Requires proper configuration and monitoring
• Backtest results may differ from live trading

Installation & Setup Guide

1. Download the .ex5 file.

2. Open MetaTrader 5.

3. Click File → Open Data Folder.

4. Navigate to MQL5 → Experts.

5. Paste the EA file into the Experts folder.

6. Restart MT5.

7. Enable Algo Trading.

8. Open recommended symbol and timeframe.

9. Attach the EA from the Navigator panel.

10. Configure risk and protection settings.

11. Enable trading permissions.

12. Confirm the EA is active and running properly.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.