The Gold Reaper EA v3.3
Original price: $699
Content: Expert: The Gold Reaper MT4 v3.3.ex4 (Unlocked for MT4 Build 1441+), Preset: propfirm.set, How to install MT4 files.pdf
Welcome to the Gold Reaper!
Build on the very successful Gold trade Pro, this EA has been designed to run on multiple timeframes at the same time and has the option to set the trade frequency from very conservative to extreme volatile.
The EA uses multiple confirmation algorithms to find the best entry price and runs multiple strategies internally to spread the risk of the trades.
All trades have a stoploss and take profit, but also use a trailing stoploss and trailing take profit to minimize the risk and maximize the potential of each trade.
The system is built on the very popular and proven strategy: trading breakouts of important support and resistance levels.
Gold is very suitable for this strategy, as it is a highly volatile pair.
The system auto adapts the trade frequency and lot size based on your account size and your max allowed drawdown setting!
Back tests show a very stable growth curve, with very controlled drawdowns and fast recoveries.
This EA has been stress tested for the longest available period for Gold, using multiple Price feeds for various brokers, and nothing seems to be able to make it fail.
No “neural network/machine learning AI/ChatGPT/Quantum computer/perfect straight line back tests” sales-talk, but a real and honest trading system, based on proven methodology for development and live execution.
As a developer, I have +15 years of experience in creating automated trading systems. I know what has the potential to work and what has not. I create honest systems, with the highest probability of trading like the back tests without cheating.
Key Features:
- Very easy to use install on chart, and set your preferred maximum allowed drawdown. The EA will determine trade frequency and lot size fully automatic
- No grid/No Martingale/No risky risk management
- good results over the full historical data for XAUUSD
- Easy to use for Prop Firms
- Minimum account balance: 300$
Back testing:
Simply run on XAUUSD using default settings or change the max allowed drawdown to your preference. You can also change the trade frequency manually to see the different results
Timeframe of the chart doesn’t matter.
Setup:
Run on XAUUSD and set your trade frequency (automatic by default), and your preferred max allowed drawdown.
Or set the trade frequency manually to your preference
Timeframe of the chart doesn’t matter.
Parameters:
- ShowInfoPanel -> display the information panel on the chart
- Adjustment for Infopanel size -> in case of 4K display, set value to “2”
- update infopanel during testing -> disabled for faster backtesting
- Trade Frequency: allows you to use different setups from the EA, going from very conservative trading frequency to extreme trading frequency. By default, it is set to “auto”, which means it will use the account balance, and the Max Allowed Drawdown to determine the trade frequency. When using “StartLots”, you MUST set the trade frequency also manually!
- Maximum allowed spread: maximum spread for pending orders to be allowed
- Friday Stop Hour -> if you don’t want trades to be hold over the weekend, set a value between 0 and 23. (25 means “disabled)
- SetSL_TP_After_Entry -> enable only if your broker doesn’t allow pending orders with SL and TP
- Use Virtual Expiration -> enable only if your broker doesn’t allow pending order with expiration date
- Randomization -> this will randomize the entries, exits and TrailingSL values a bit, so that multiple users on the same broker, will have a bit different trades. Also good for prop firms. Good value is “50”
- BaseMagicNumber -> the base magicnumber that will be used for all strategies
- Comment for trades -> the comment to be used for the trades
- Lotsize Calculation Method -> here you determine how the lotsize should be calculated: Fixed lotsize (Use StartLots), Or use the “Max Allowed Total Drawdown
- Startlots -> set the value for fixed lotsize, when that option is chosen. This parameter will be used as “minimum lotsize” when using any of the other 2 options for lotsize calculation
- Max Allowed Drawdown -> The prefered maximum allowed total drawdown (in %). The EA will then determine lotsize based on the historical max DD of the EA
- Set Max Daily Drawdown -> Here you can set a maximum allowed daily drawdown (in %). If it is reached, the EA would close all trades and pending orders, and wait for the next day. This is usefull for prop firms
- Use Equity instead of Balance -> use Equity of the account to calculate all lotsize values
- OnlyUp -> this will prevent lotsize to decrease after losses (more aggressive but faster recovery after losses)
