Red Shark EA V1.1 MT4

Tired of EAs that promise the moon but drain your account instead? Let’s face it—scalping is tough… unless you’ve got something like Red Shark EA in your corner. This expert advisor for MetaTrader 4 (MT4) is all about fast, smart, and surgical trades. Whether you’re running small accounts or scaling a prop firm challenge, Red Shark gives you the firepower to trade with precision—and confidence.

Oh, and did we mention? It’s free.

Let’s break down why traders are buzzing about Red Shark EA and why YoForex is proud to offer it—no strings attached.

Overview: What Is Red Shark EA?

Red Shark EA V1.1 MT4 is a high-frequency scalping Expert Advisor built specifically for MT4 users who crave fast entries, tight stops, and lightning-fast decision-making.

Crafted by YoForex’s in-house dev team, this EA isn’t some recycled martingale robot you’ll find floating around forums. Red Shark is optimized for quick-fire trades during peak volatility periods, utilizing an adaptive entry system based on market microstructures. It's most effective on major pairs like EURUSD and GBPUSD during London–New York overlap—prime time for liquidity.

YoForex has stress-tested this EA on multiple brokers, under real market conditions, and across both demo and live environments. We’ve got the backtests, the set files, and the proof to show it.

Key Features of Red Shark EA

Here’s why Red Shark EA slaps:

1–3% Daily Return Target – yeah, it's fast, but still smart.

No Martingale, No Grid – we don’t do risky pyramids here.

Super Low Drawdown – stays under 5% even in chop.

Hard Stop Loss & Take Profit – every trade is protected.

Time-Filtered Entries – only trades during high-volume hours.

Stealth Mode SL – hides stop-loss from brokers (optional).

Break-Even Logic – auto-lock in profits when in green.

Works on Prop Firms – 100% compliant with FTMO, MyForexFunds rules.

Built for MT4 – tested and optimized on the classic MetaTrader 4 platform.

Compatible with All Account Sizes – $100 and up.

Comes with Full Set File & Install Guide – beginner-friendly.

Free Updates from YoForex Team – ongoing optimization & support.

Backtest Results & Live Proof

Red Shark EA has been tested across multiple years and market conditions. Below is a summary of the EURUSD M5 timeframe, from Jan 2021 to Jan 2024:

Total Trades: 3,400+

Win Rate: ~78%

Risk-to-Reward: 1:1.5

Max Drawdown: 4.85%

Avg Monthly Return: 20–30%

Backtest equity curve shows consistent growth with minimal dips—ideal for those wanting to pass prop firm challenges or scale small live accounts.

We’ve also run this EA on live accounts with ICMarkets and Eightcap, showing similar results. Join our Telegram to see verified results and MyFXBook links.

How to Install & Configure Red Shark EA

Getting started is easy-peasy:

Step-by-Step Setup:

Download Red Shark EA from YoForexEA.com

Extract the file and move the .ex4 to MT4 > Experts folder

Restart MetaTrader 4

Open your EURUSD M5 chart

Drag Red Shark EA to the chart

Enable AutoTrading (green button)

Load the provided SET file

Adjust lot size if needed

Recommended balance: $100+
Recommended broker: ECN with low spreads (ICMarkets, RoboForex, etc.)

Why Choose YoForex-Powered Tools?

Let’s not beat around the bush—there are loads of sketchy bots out there. But YoForex is different.

We’re a community-first trading brand, offering 100% free EAs, tools, and educational content. Every EA we release goes through live-market testing, gets regular updates, and comes with full setup instructions.

Still learning? Check our Beginner’s Guide to Forex Bots.

Want more bots? See our full EA collection.

We're not here to sell you junk. We’re here to empower traders with pro-grade tools—without draining your wallet.

Support & Disclaimer

YoForex offers free lifetime support for all our tools. If you get stuck or hit a bug?

Ping us on WhatsApp
Join our Telegram group for updates, tips, and more set files.

Disclaimer: All trading carries risk. Past performance is not a guarantee of future returns. Please demo test Red Shark EA before going live, and always follow proper risk management.