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PLATINUM GOLD REAPER EA – Input Settings Explained

jason

13/06/2025

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The PLATINUM GOLD REAPER EA is a fully automated Expert Advisor (EA) designed to operate within set trading hours and execute trades based on grid or martingale principles. Below is a breakdown of its configurable input parameters, highlighting their function and trading implications.

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🧠 General Settings

• EA_Name: PLATINUM GOLD REAPER
  This is the identifier of the EA and does not affect functionality but helps organize multiple instances.
• Use_Hour: Start End Hour
  This enables the EA to run only during a specified trading session, defined by StartTrade and EndTrade.
• StartTrade: 0
  The EA begins trading at 00:00 server time (midnight).
• EndTrade: 23
  The EA stops trading at 23:00 server time, meaning it is active almost all day.

📈 Lot Sizing & Risk Parameters

• Use_DbLots:1
  Determines the lot sizing strategy:
  • 1 = Dynamic lot sizing using multiplier (martingale/grid)
  • 2 = Fixed lot mode (uses Lots only)
• DbLots: 1
  The base lot size used when in dynamic mode (depending on multiplier settings).
• Lots: 0.01
  The initial lot size when using fixed mode or as a base reference for dynamic lot sizing.
• LotsDecimal: 3.0
  Defines the decimal precision for lot size calculation, ensuring compatibility with brokers using fractional lots.

🛡️ Trade Management Settings

• SL (Stop Loss): 0.0
  No stop loss is set, which may be part of a grid/martingale strategy that relies on recovery rather than stopouts.
• TP (Take Profit): 100.0
  Each trade is set to take profit after a 100-point (10 pips) move in the favorable direction.
• Distance: 200.0
  Grid spacing between orders is 200 points (20 pips), used in trade layering systems.
• Multiplier: 1.5
  Lot size increases by a factor of 1.5 with each new level in a loss recovery sequence, typical in martingale systems.
• MaxLevel: 20
  The EA can open up to 20 positions in a recovery series. This defines the risk exposure and drawdown potential.

🧩 Technical and Miscellaneous

• MagicNumber: 163991
  A unique identifier used to distinguish trades placed by this EA from other EAs or manual trades.
• Gi_324 (Yellow), Gi_328 (Red), Gi_332 (Lime):
  These are likely visual chart indicators (colors for levels or lines).
  • Yellow: could indicate entry level or initial order
  • Red: warning or stop level zone
  • Lime: active or profitable level

✅ Key Takeaways

• Strategy Type: Grid/Martingale with optional fixed lot sizing.
• Risk Control: No SL, but controlled via Distance, Multiplier, and MaxLevel.
• Trade Frequency: Can operate nearly 24/7 within a full-day trading window.
• Suitability: Best used with sufficient capital and on assets with stable range behavior such as gold (XAUUSD).