The Gold Reaper MT4 EA v1.9 with Setfiles (Terminal 1422+)

What is The Gold Reaper EA?

The Gold Reaper MT4 is a trading instrument specializing in trading Gold (XAUUSD). The Expert advisor (EA) integrates many professional trading features, advanced risk management and does not use potentially risky features such as Martingale or Grid.

• Vendor website: Click here

The Gold Reaper MT4 Overview

About the author

This product is compiled by Wim Schrynemakers. This Malta author has more than +11 years of experience working on MQL5 with many famous products such as The Gold Reaper MT4, Indicement MT4, Daytrade Pro Algo, Luna AI PRO and other products. Among them, The Gold Reaper MT4 is his best performing product.

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Outstanding features of The Gold Reaper EA

1. Main features:

• Multi-timeframe trading: EA can run on multiple timeframes at the same time.
• Flexible trading frequency: Allows setting of trading frequency from extremely conservative to extremely volatile.
• Optimal entry point determination: Use multiple confirmation algorithms to find the best entry price.
• Risk diversification: Run multiple internal strategies to diversify trading risk.
• Risk management: Use Stop loss (SL), Take profit (TP), trailing stop loss and trailing take profit to minimize risk and maximize profit.
• No high-risk strategies: No Grids, Martingale or risky risk management.
• Easy to use for trading firms: Suitable for Prop Firms trading.

2. 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.

Trading Features of The Gold Reaper MT4

Trading strategy and outstanding advantages

1. How to trade?

• Based on breakout strategy of key Support and Resistance levels.
• Use multiple confirmation algorithms to find the best entry points.
• Run multiple internal strategies to spread risk.
• Use stop loss, take profit, trailing stop loss and trailing take profit to manage risk.
• Automatically adjust trading frequency and order volume based on account size and maximum allowable drawdown.

2. Outstanding advantages:

• Stable historical test results with controlled drawdown and fast recovery.
• Successfully stress tested for the longest possible time on Gold, using multiple price data sources from multiple brokers.
• Do not use high risk strategies such as Grid orders, Martingale.
• Easy to use, simple to set up and easy to operate even for beginners.
• Requires low minimum account balance.

The Gold Reaper EA Reviews

1. Actual trading results:

• Live Signal: Click here

Real trading results of The Gold Reaper EA

Real trading results of The Gold Reaper MT4

2. The Gold Reaper MyFxBook:

Expert Advisor (EA) proves trading ability on Myfxbook, stable trading results at 15.23% monthly profit.

• Live Myfxbook: Click here

The Gold Reaper MT4 Performance Verified by Myfxbook

The Gold Reaper MT4 Myfxbook

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

>>> Reviewed by David Easton

What’s in the package?

• Experts:
  • The Gold Reaper MT4 v1.9_fix.ex4
  • The Gold Reaper MT4 v1.8_fix.ex4
  • The Gold Reaper MT4 v1.5_fix.ex4
• Presets: Propfirm.set

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