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Rapid Reaper EA MT4

3

The Rapid Reaper EA is a fully automated hybrid averaging EA that trades in sequences of lot increase and multiplication on both sides of the book. The system trades using market orders with take profits set across trade groups. This EA will work on any pair but works best on GBPUSD and USDCAD on the M5 timeframe. A VPS is advisable when trading with this EA. Check the comments for back test results and optimized settings.

Please note: I have made the decision to give this EA away and many more for free with limited support so that I can concentrate on Custom EA. If you wish to use this EA it will need optimising, and if you feel like sharing your settings please do so in the comments.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Fully automated
  • Drawdown risk control
  • Always a stop loss in place
  • Favors high margin accounts
  • Hedge accounts only
  • No grids
  • No martingale
  • All you need is a VPS


Input Settings

Order Settings

  • MagicOrderNumber - unique number for the EA to identify its trades. Any integer.
  • Lots – starting lot. Values from 0.01 to 1.00.
  • LotIncrease – last trade lot addition. Values from 0.01 to 1.00.
  • LotMultiplierPer - starting lot increase per account balance. Values from 1000 to 100 000.
  • LotMultiplierPerMax – limit for lot increase per account balance. Values from 1000 to 100 000.
  • LotMax - maximum lot size for trades. Values from 0.01 to 50.00.
  • BadDrawDownRecovery - enable drawdown recovery, true/false.
  • BadDrawDownRecoveryTrigger - equity drawdown percentage that triggers recovery to be active. Values from 1 to 99.
  • BadDrawDownRecoveryResult - equity drawdown percentage that triggers closure of all positions. Values from 1 to 100.
  • BadDrawDownRecoveryEquityGain - gain of equity to close all positions. Values from 1.1 to 2.0.
  • Slippage - slippage in pips. Values from 1 to 10.
  • AllowNewTrades - turn this off to disable new trade groups, true/false.

Entry Settings

  • TimeFrame - timeframe drop-down selection to lock the EA to a timeframe so that selection of the chart timeframe does not affect the EA. When testing, ensure the tester timeframe is set to the same value.
  • TimeFrameHigh - higher timeframe drop-down selection to lock the EA trend identification to a timeframe.
  • MaxSpread - maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • TargetPips – target gain in pips for groups of trades. Values from 1 to 100.
  • StepPips – minimum pips against a trade group before opening another position. Values from 1 to 100.
  • StopLoss – stop loss per trade in pips. This is only an emergency stop loss, should be set high. Values from 500 to 2000.
  • TakeProfit – can be left as a high figure, positions get take profit updated by the averaging system. Values from 500 to 2000.
  • ExtraSpacingThreshold – number of trades in a group to trigger increased position spacing. Values from 10 to 1000.
  • ExtraSpacingMultiplier – StepPips multiplier when ExtraSpacingThreshold has been reached. Values from 1.1 to 3.0.
  • CounterThreshold – number of trades in a group to increase lots size in hedged positions. Values from 5 to 1000.
  • CounterMultiplier – hedged lot multiplier when CounterThreshold has been reached. Values from 1.1 to 10.0.
  • TradeOnSunday - enable trading on Sunday, true/false.
  • BollingerBandEntry - enable bollinger band entry, true/false
  • BollingerBandPeriod - bollinger band period. Values 1 to 100.
  • BollingerBandStdDev - bollinger band standard deviation. Values 1.0 to 5.0.

Optimization and defaults

Default input values are for GBPUSD M5. If optimizing, optimization of LotIncrease, LotMax, TargetPips, StepPips are needed to find the best results. Use ExtraSpacingThreshold, CounterThreshold and BadDrawDownRecovery to counter drawdown.
Comentarios 3
Intet
94
Intet 2019.01.18 21:01 
 

I have been running this EA since July of 2018 on three accounts and with five different currency pairs. It took a few weeks of optimization but have found a really good mix that generates really good and stable returns.

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Live signal :   TrendMaster FX The MT5 version : TrendMaster FX MT5   Promoción 618, Oferta por Tiempo Limitado $300 de Descuento Actualmente tenemos una promoción de prueba para nuestro EA. Después de la compra, contáctenos para obtener acceso a "Gold Garden" o "AI TradingVision GPX". Para más detalles, por favor contáctenos. Pares de divisas recomendados: GBP/USD (GBPUSD) USD/CAD (USDCAD) EUR/USD (EURUSD) Configuración de riesgo: Para los comerciantes agresivos, el riesgo máximo está configur
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Asesores Expertos
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Asesores Expertos
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Asesores Expertos
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Cence Jk Oizeijoozzisa
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Asesores Expertos
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Asesores Expertos
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Arseny Potyekhin
Asesores Expertos
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4.84 (167)
Asesores Expertos
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Marzena Maria Szmit
4.71 (28)
Asesores Expertos
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Lo Thi Mai Loan
Asesores Expertos
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Evgeniy Ilin
Asesores Expertos
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Lo Thi Mai Loan
5 (8)
Asesores Expertos
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Mansour Babasafary
4.42 (48)
Asesores Expertos
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4.83 (18)
Asesores Expertos
Diamond PRO is enhanced powerful version of Diamond for advanced traders. Pro version includes optimized cores, new impoved entry points filters, new multistage profit closure algorithm and сontains number of external control parameter that allows build and fine tune own tradind decisions and algorithms. The system provides more accurate market entries, analyzes and filters upcoming economic news, contains spread protection and an advanced position management algorithm. Main goal of Diamond PRO
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Barbaros Bulent Kortarla
5 (64)
Asesores Expertos
Smart Funded EA es un asesor experto diseñado para pasar los desafíos HFT de firmas prop que permiten su uso. ¿Qué firmas prop HFT puedo usar? Ha sido probado en casi todos los desafíos HFT de firmas prop con un 100 % de tasa de éxito, como Kortana Fx, Nova Funding, Fast Forex Funds, Infinity Forex Funds, Quantec Trading Capital, Next Step Funded, Msolutionff, Genesis Forex Funds, The Talented Traders, Only Funds, Tradicave y todos los demás desafíos MT4 permitidos por HFT. ¿Qué firma prop HFT
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Profalgo Limited
5 (6)
Asesores Expertos
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4.79 (62)
Asesores Expertos
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market trends .
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Robots4Forex Ltd
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The Extreme Breakout EA is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA trades using pending orders and has the option to enter using market orders if required. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain Designed for USDJPY. Features Fully automated Not sensitive
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Robots4Forex Ltd
Asesores Expertos
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/r
Custom EA MT5
Robots4Forex Ltd
Asesores Expertos
Automated trading system designed to be customized to specification to create unique trading strategies. Custom EA is suitable for beginners to experienced traders, start trading using built in preset strategies or start creating your own. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. Any questions or support required please message me. Limited time special offer, review Custom EA and get an EvoAI 1 year licence! FEATURES Fully automated Fully
Filtro:
Cristian Mihail Pauna
13013
Cristian Mihail Pauna 2022.09.29 05:52 
 

Negative feedback!

Christo Pietersen
69
Christo Pietersen 2022.06.04 21:37 
 

Bad

Intet
94
Intet 2019.01.18 21:01 
 

I have been running this EA since July of 2018 on three accounts and with five different currency pairs. It took a few weeks of optimization but have found a really good mix that generates really good and stable returns.

Respuesta al comentario
Versión 1.5 2020.01.06
Added PositionComment option.
Versión 1.4 2019.01.14
Stopped AllowNewTrades from affecting averaging positions.
Versión 1.3 2018.08.07
Minor bug fixes. Added Bollinger Band entry option.
Versión 1.2 2018.07.06
FIxed bug when restarting MetaTrader.