The Gold Reaper V2.1 MT4 : A Powerful EA for Gold Trading
Built upon the highly successful Goldtrade Pro, The Gold Reaper V2.1 MT4 is tailored to operate seamlessly across multiple timeframes simultaneously, offering adjustable trade frequencies from conservative to aggressively volatile.
Employing a sophisticated approach, this EA utilizes multiple confirmation algorithms to pinpoint optimal entry points while executing various internal strategies to diversify trade risk. Each trade is equipped with stop-loss and take-profit orders, alongside trailing mechanisms to minimize risk exposure and maximize profit potential.
The system’s foundation lies in the proven strategy of trading breakouts at critical support and resistance levels, perfectly suited for the inherently volatile nature of gold trading.
Notably, the EA dynamically adjusts trade frequency and lot sizes based on individual account sizes and specified maximum drawdown settings, ensuring optimal performance tailored to each user’s risk tolerance.
Backtesting results demonstrate a consistently stable growth trajectory, characterized by controlled drawdowns and swift recoveries. The Gold Reaper has undergone rigorous stress testing across extensive historical data for gold, across various brokers, reaffirming its robustness and reliability.
Free from hyperbolic sales pitches, this EA stands as a genuine and transparent trading system, grounded in proven development methodologies and live execution practices. With over 15 years of experience in automated trading system development, rest assured, the Gold Reaper delivers on its promises without resorting to deceitful tactics.
Key Features:
- Easy installation and operation: Simply install on your chart and adjust your preferred maximum drawdown.
- No grid, martingale, or risky risk management strategies.
- Consistently good results across extensive historical data for XAUUSD.
- User-friendly interface suitable for proprietary trading firms.
- Minimum account balance requirement: $300.
Optimized Setup:
- Run the EA on XAUUSD, adjusting the trade frequency (default is automatic) and preferred maximum drawdown settings.
- Customize trade frequency manually for personalized trading strategies.
- Chart timeframe is inconsequential.
Parameters:
- ShowInfoPanel: Display informational panel on the chart.
- Adjustment for Infopanel size: Optimize display size for 4K resolution (set value to “2”).
- Update infopanel during testing: Disable for expedited backtesting.
- Trade Frequency: Customize trading frequency based on risk tolerance and account size.
- Maximum allowed spread: Specify maximum spread for pending orders.
- Friday Stop Hour: Set trading halt hours to avoid weekend exposure.
- SetSL_TP_After_Entry: Enable if broker restricts pending orders with SL and TP.
- Use Virtual Expiration: Enable for brokers not supporting pending orders with expiration date.
- Randomization: Introduce slight variations in entries, exits, and trailing SL values for diversified trading experiences.
- BaseMagicNumber: Unique identifier for all strategies.
- Comment for trades: Specify comment for trades.
- Lotsize Calculation Method: Choose between fixed lotsize or calculation based on maximum allowed drawdown.
- Startlots: Set fixed lotsize value.
- Max Allowed Drawdown: Define preferred maximum drawdown percentage.
- Set Max Daily Drawdown: Implement maximum daily drawdown limit.
- Use Equity instead of Balance: Utilize account equity for lotsize calculation.
- OnlyUp: Prevent lotsize decrease after losses for aggressive yet faster recovery.
