ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs


IS RED EA is a very brief FREE MT4 EA scalper that uses some of the most potent indicators to assess the market. It’s a brand-new, innovative, and experimental EA with successful outcomes! 86% winning rate when using smart money management.

This EA is impressive since it makes money even on little deposits and trades with a small maximum drawdown. It does not using risky trading strategies like grid, martingale, etc. A little Stop Loss and Take Profit are always used to protect every transaction.


  • $100 is the minimum balance required.
  • The XAUUSD and EURUSD pair work best. (Attain any pair.)
  • Only work with the M1 and M5 timeframes
  • This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
  • low spread ECN account is also advised (Find the Perfect Broker For You Here).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500



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