Red Carpet EA V1.68 MT4 RED Karpet EA V1.68 MT4 - MetaTrader 4 Resources

introduce

RED Karpet EA V1.68 MT4 is an automated trading system designed specifically for MetaTrader 4, focusing on using structured algorithmic methods to capture short- and medium-term market trends. It is designed to identify trading opportunities based on price action, trend behavior and internal logic while automatically managing trades.

Main features

• Fully automated trade execution
• Combine trend and price action logic
• Built-in stop loss and take profit
• Dynamic trade management
• Multiple timeframe compatibility
• Customizable risk and lot size settings
• Works with multiple FX pairs

Recommended settings

• Time range: M15, M30 or H1
• Currency pairs: major currency pairs (EUR/USD, GBP/USD, USD/JPY)
• Lot size: 0.01 for small accounts, adjusted according to risk
• Risk Level: Low to Moderate Recommended
• Broker: Low spreads, fast execution
• VPS: Continuous operation recommended

Backtest results

• Designed for solid performance, not aggressive gains
• Performance varies depending on market conditions
• Better results usually occur in trending or stable markets

advantage

• Fully automated trading reduces manual workload
• Built-in risk management capabilities
• Suitable for a variety of trading styles
• Save time and eliminate emotional decisions
• Can be customized for different risk profiles

shortcoming

• No guarantee of continued profitability
• Performance depends on market conditions
• A VPS is required for stable operation
• Requires proper configuration and monitoring
• Losses may occur when the market goes unfavorable

Installation and Setup Guide

1. Download EA file (.ex4)
2. Open MetaTrader 4
3. Go to File → Open data folder
4. Navigate to MQL4 → Expert
5. Paste the file into the Experts folder
6. Restart MT4
7. Open chart (recommended currency pairs and timeframes)
8. Add EA to chart
9. Enable automated trading
10. Adjust settings as needed
11. Use a VPS for uninterrupted operations.

Product screenshots