The Gold Reaper EA V2.1 MT4 ( For High Profit )

Description

What is The Gold Reaper EA?

The Gold Reaper Expert Advisor for MetaTrader 4 (MT4) is tailored for trading gold (XAUUSD). This detailed guide will explore the features, settings, strategies, and advantages of utilizing the Gold Reaper EA, providing you with insights to fully leverage its capabilities.

Key Takeaways

• The Gold Reaper EA is built to operate across various timeframes, utilizing multiple confirmation algorithms and diverse risk management techniques to trade breakouts at support and resistance levels for XAUUSD on MetaTrader 4.
• This expert advisor adjusts trade frequency and lot sizes according to the account size and the specified maximum drawdown, requiring a minimum deposit of $300 while deliberately steering clear of grid and Martingale strategies.
• With straightforward installation and setup on charts, the EA is well-suited for proprietary trading firms, allowing users to customize their desired maximum drawdown effortlessly.

Setting / Features

• User-Friendly Installation: Simply install the EA on your chart and set your desired maximum drawdown. The EA will automatically manage trade frequency and lot sizes for you.
• Safe Trading Approach: This EA does not utilize grid or martingale strategies, ensuring a more secure risk management process.
• Strong Historical Performance: The EA has demonstrated positive results across extensive historical data for XAUUSD.
• Ideal for Prop Firms: It’s designed to be straightforward, making it suitable for use with proprietary trading firms.
• Low Minimum Balance Requirement: A minimum account balance of just $300 is needed to get started.

The Gold Reaper EA MQL5 / MyFxBook results and links

MQL5 Results – 

MQL5 Link

MyFxBook Results – 

MyFxBook Link

Gain +76.58%

Avg Gain – +76.57%

Profit – $19,231.0

Comparison with Other EAs

HFT Prop EA v3.3

• Focus: High-frequency trading for quick profits.
• Timeframes: Best on lower timeframes (M1/M5).
• Trade Frequency: Executes many trades rapidly.
• Risk Management: Advanced techniques, potentially higher volatility.
• Installation: Requires careful setup and monitoring.

Vision Scalper v5.5

• Focus: Scalping for small, quick profits.
• Timeframes: Operates on lower timeframes.
• Trade Frequency: Frequent trades based on market conditions.
• Risk Management: Standard features, may involve aggressive strategies.
• Installation: User-friendly but requires some scalping knowledge.

Daytrade Pro Algo MT4 v3.30

• Focus: Day trading for larger price movements.
• Timeframes: Effective on M15 and H1.
• Trade Frequency: Moderate; targets substantial daily profits.
• Risk Management: Customizable stop-loss and take-profit settings.
• Installation: Straightforward setup, suitable for all experience levels.

Summary

Choose Gold Reaper EA for a balanced gold trading approach, HFT Prop EA for rapid trading, Vision Scalper for scalping, and Daytrade Pro Algo for intraday trading.

How to install The Gold Reaper EA in MetaTrader 4?

Operate on XAUUSD and configure your trade frequency (automatically set by default) along with your preferred maximum allowable drawdown.

Alternatively, you can manually adjust the trade frequency to suit your preferences.

The timeframe of the chart is flexible and does not impact performance

Pros and Cons

Pros

• Automated Trading: Removes emotional decision-making.
• User-Friendly: Easy to install and set up.
• Flexible Timeframes: Works on multiple timeframes.
• Risk Management: Adjustable stop-loss and take-profit features; no risky strategies.
• Customizable: Tailor settings to individual trading preferences.

Cons

• Cost: Higher price compared to some other EAs.
• Minimum Deposit: Requires at least $300 to start.
• Limited Focus: Primarily for gold (XAUUSD) trading.
• Market Dependency: Performance can vary with market conditions.

Pricing and Plans

Full Version: $699

3 Months: $399

6 Months: $499

1 Year: $599

But our price is $19.99