The Gold Reaper EA v1.9 No DLL

What is The Gold Reaper EA?

The Gold Reaper EA build on the highly successful Goldtrade Pro EA operates seamlessly on the Meta Trader 4 platform. This EA is engineered to function across multiple timeframes concurrently, offering a spectrum of trade frequency options ranging from conservative to highly volatile. Employing a plethora of confirmation algorithms, it meticulously selects optimal entry points, while internally executing multiple strategies to diversify trade risks. Every trade is equipped with both stop-loss and take-profit mechanisms, complemented by trailing stop-loss and take-profit features to mitigate risks and maximize trade potentials.

Vendor website: https://www.mql5.com/en/market/product/111467

Key Takeaways:

• The Gold Reaper EA is designed to run on multiple timeframes, uses multiple confirmation algorithms, and employs various risk management strategies to trade breakouts of support and resistance levels for XAUUSD on Meta Trader 4.
• Expert Advisor adapts trade frequency and lot size based on account size and maximum allowed drawdown, with a minimum deposit requirement of $300 and a focus on avoiding grid and Martingale strategies.
• The EA offers easy installation and setup on charts, making it suitable for Prop Firms, and allows users to set their preferred maximum allowed drawdown.

Additional Features

• • Manage maximum spread: Allows to set the maximum spread for pending orders.
  • Stop trading at the end of the week: Allows to stop trading before the end of the week.
  • Set stop loss and take profit after order entry: Allows if the broker does not allow pending orders with stop loss and take profit.
  • Use virtual expiration: Allows if the broker does not allow pending orders with expiration dates.
  • Set maximum daily drawdown: Allows to set a maximum daily drawdown, if reached, the EA will close all orders and pending orders, waiting for the next day.
  • Use equity instead of balance: Use the account equity to calculate all order volume values.
  • Auto Time Zone Calculation: Automatically calculate the correct time zone for the broker to determine the NFP time.
  • Manual Time Zone Setting: Manually set the time zone for winter and summer.

 Features

• Platform: MetaTrader 4
• Pairs: XAUUSD
• Timeframe: Any
• Min Deposit: $300
• Risk Management: No grid/Martingale
• Prop Firm-Friendly
• Automated Trade Frequency/Lotsize
• Easy Setup, Set Max Drawdown

 Note setup:

• • Run on XAUUSD and set your trade frequency (automatic by default), and your prefered max allowed drawdown.
  • Or set the trade frequency manually to your preference
  • Timeframe of the chart doesn’t matter.

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The Gold Reaper EA Review

 

Updated August 28, 2024: The Gold Reaper EA v1.9

Updated July 29, 2024: The Gold Reaper EA v1.8 

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