Greedy Red Expert Advisor, Volume Profile FR, RSI Divergence Indicator, Martingale

Automated MT4 strategy (EA) using Volume Profile FR and RSI Divergence on forex pairs and XAUUSD from M15 to H4 timeframes. Employs a Martingale approach.

Published · Updated · Methodology: Technical Indicators

Part of: RSI Strategies

  • Methodology: Technical Indicators
  • Content type: strategy
  • Timeframes: M15, M30, H1, H4
  • Markets: AUDNZD, NZDCHF, AUDJPY, EURNZD, CHFJPY, AUDCAD, EURUSD, CADJPY, EURAUD, NZDCAD, NZDJPY, EURJPY, USDCAD, XAUUSD

Indicators used

  • Volume Profile FR
  • RSI Divergence Indicator

Source video

Decoded from: Greedy Red | Compre Asesor Experto (Expert Advisor) para MetaTrader 4 by mql5.com — watch the original

Strategy overview

Most entries in this catalog decode a teaching video; this one catalogs a product. "Greedy Red" is a commercial Expert Advisor listed on the MQL5 Market for MetaTrader 4, and its declared component stack is unusually explicit about what drives it: RSI divergence as the signal source — the classic condition where price prints a new extreme that momentum refuses to confirm — with a volume profile supplying the price levels where that disagreement is treated as meaningful. The listing is in Spanish ("Compre Asesor Experto"), aimed at buyers rather than students, and the declared operating range sits on M15 through H4 rather than the one-minute charts where automated divergence tools usually live.

The third item in the stack is the one that actually defines this system: martingale. Divergence and volume-at-price describe how a trade is chosen; martingale describes what happens after it goes wrong — position size is increased as the position moves against you, so the average entry improves and a smaller retracement is needed to close the sequence flat or green. This is worth stating plainly and without drama: it is the reason martingale equity curves look remarkably smooth for long stretches, and it is also the reason their failure mode is a single sustained trend rather than a slow bleed. Any evaluation of this EA that focuses on the indicators and not on the position-management layer is measuring the wrong thing.

Because this is a compiled commercial product rather than a walkthrough, its internal conditions are not published, and this page does not attempt to reconstruct them — what is knowable is the component stack, the timeframe range, and the risk architecture those imply. If you are assessing an EA of this shape, the useful questions are structural: how far a losing sequence is allowed to extend, what the exposure looks like at the deepest step, and whether the backtest covers a strongly trending period rather than only the ranging conditions that flatter mean-reversion logic.

Topics

expert advisor · mt4 strategy · trading strategy · technical indicators · volume profile · rsi divergence · martingale strategy · forex strategy · gold trading strategy · automated trading · m15 strategy · h1 strategy · audnzd strategy · eurusd trading strategy

Frequently asked questions

What is an RSI divergence strategy?

It is a strategy built around disagreement between price and momentum: price makes a higher high (or lower low) while RSI does not, which is read as the move losing conviction. Divergence is a signal for a possible turn, not a timing instruction — most systems pair it with a level or structure filter, as this one does with a volume profile.

What does martingale mean in an Expert Advisor, and why does it matter here?

Martingale means the EA increases position size as a trade moves against it, lowering the average entry so a smaller reversal recovers the sequence. It matters because it changes the risk profile far more than the entry indicators do: results tend to look consistent while the market ranges, with the exposure concentrated in whatever the deepest step of a losing sequence turns out to be during a sustained trend.

Is Greedy Red a free strategy or a paid product?

It is a commercial Expert Advisor sold on the MQL5 Market for MetaTrader 4. This entry catalogs the strategy concepts the vendor listing declares — RSI divergence, volume profile, martingale position management — rather than reproducing the EA's internal logic, which is not published.

How should I evaluate a martingale-based EA before running it?

Test it across a long history that includes strong trending periods, not just calm ranges, and track the worst-case exposure at the deepest point of a losing sequence rather than the headline equity curve. Strategy Decoder catalogs the structure behind strategies like this one so you can see what a system is actually made of before deciding whether it fits your risk tolerance.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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