Red Hawk Review: Is It a Good Robot to Buy In 2022?

Red Hawk is an advisor that can provide us with a possibility to trade our orders on the market. The system works with various cross pairs on the low time frame. 

Win Schrynemakers is a developer from Malta with over eight years of MQL5 experience. He has a 51,667 rating on MQL5. His portfolio includes 2 products and 33 signals. All of them have a 3.8 rate based on 501 testimonials. 

The developer decreased pricing twice from $349 to $249. There are three rental options on the board. One-month costs $99, three months comes for $149, when half a year costs $199. We can download a demo copy of the system for free.

Key features

• The robot works automatically. 
• It can manage SL and TP for us. 
• There are MT4 and MT5 versions applied. 
• The advisor opens and closes orders in the right time. 
• We are allowed to trade EURAUD, EURUSD, GBPUSD, EURGBP, AUDCAD, AUDJPY, USDCHF, EURCHF, and USDCAD.
• It has to be used on an account of $250. 
• The core time frame is M5. 
• We need an ECN account to be profitable. 
• It should be used on suggested brokers like IC Markets or Alpari. 

Red Hawk trading approach

The trading solution has some details about the system revealed . We grouped them out to be sure that you make the right decision. 

• The robot is a completely automatic trading solution.
• The system manages a mean reversion trading system that trades at the quiet times of the market.
• So, it’s a night-based trading solution. 
• We can work with a VPS service. 
• It can decrease drawdowns. 
• There are SL and TP levels placing.
• The rovot works with a Grid and Martingale strategy. 
• We can use various filter not to trade high slippage and high volatile periods. 
• We are allowed to work with fixed lot sizes. 
• The risks can vary from symbol to symbol. 

Backtesting results

We have a report that was received after testing the system on 8 pairs in the period of 2012-2020 years. The total profit has amounted to 221,118%. There were 5388 deals performed with a 77.95% win rate. The profit factor was 2.42. The maximum drawdown was only 11.17%. 

Red Hawk live trading results

The system has been running a demo account on Alpari with 1:500 leverage. The maximum drawdown is 6.4% when the maximum deposit load is 7.1%. The win rate is 76.2%. The account has been existing for 85 weeks. The absolute growth amounted to 73.47%. 

The trading results of the system in May 2022 do not look good. 

The robot works without Martingale, using 2-3 grid orders.

The robot has executed 374 deals. The best trade is $822.78 when the worst trade is -$165.20. The recovery factor is high–10.51 when the profit factor is 2.39. An average monthly gain is 8.95%. 

The robot works with eleven cross pairs. EURUSD is the most traded symbol among others with 90 orders traded. 

The system has a significant list of warnings. The robot doesn’t trade frequently, so all profits are obtained for the short period. 

What are the risks with Red Hawk?

The system can not be profitable because it started working worse this month. 

Worth noting!

There are some negative testimonials written about how the system worked. People mentioned that the robot loses consistently and this forces the account balance to decrease. 

What are the pros & cons of investing in Red Hawk?