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What is The Gold Reaper
The Gold Reaper EA is an advanced trading tool for XAUUSD on MetaTrader 4, built on the success of GoldTrade Pro. It uses a refined breakout strategy, adapting to various trade frequencies and risk levels while automating entry points, stop-loss, take-profit, and trailing for optimal gains and risk control.
MQL5 Reports
MQL5 Signal Reports
Myfxbook Reports
Backtesting:
Run the EA on XAUUSD with default settings or adjust the maximum allowed drawdown to fit your trading style. You can also manually tweak the trade frequency to explore varying outcomes.
The chart’s timeframe is irrelevant for performance.
Key Features
Display and Backtesting: Customize the InfoPanel Display to show essential chart details, adjust its size for 4K screens, or disable it during testing to speed up backtesting processes.
Trade and Risk Management: Easily control trade frequency, ranging from conservative to aggressive, and fine-tune risk settings such as maximum spread, Friday Stop Hour, and stop-loss and take-profit levels.
Lot Size and Drawdown Settings: Choose from multiple lot size calculation methods, set fixed lot sizes, and define maximum allowable drawdowns. You can also select whether calculations are based on equity or balance for greater flexibility.
Recommendations
Simple to Use: Just install the EA on your chart and set your preferred maximum drawdown. It automatically adjusts trade frequency and lot size.
Safe Trading: No grid, no martingale, and no risky strategies.
Proven Performance: Delivers strong results across historical XAUUSD data.
Prop Firm Friendly: Designed for ease of use with prop trading accounts.
Low Entry Requirement: Requires only a $300 minimum account balance.
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