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  • Bewertungen (11)
  • Diskussion (19)
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Rapid Reaper EA

4.75

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 100000.
  • LotMultiplierPerMax – Limit for lot increase per account balance. Values from 1000 to 100000.
  • LotMax - Maximum lot size for trades. Values from 0.01 to 50.00.
  • BadDrawDownRecovery - Enable drawdown recovery, true/false.
  • BadDrawDownRecoveryTrigger - The equity drawdown percentage that triggers recovery to be active. Values from 1 to 99.
  • BadDrawDownRecoveryResult - The 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 EA to a timeframe so that selection of the chart timeframe doesn't affect the EA. When testing ensure the tester timeframe is set to the same value.
  • TimeFrameHigh - Higher timeframe drop-down selection to lock EA trend identification to a timeframe.
  • MaxSpread - Maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • TargetPips – The target gain in pips for groups of trades. Values from 1 to 100.
  • StepPips – The 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.
  • ExtraSpacingMultiplierStepPips 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 & 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.
Bewertungen 11
ruecha_m
276
ruecha_m 2024.01.05 06:05 
 

After testing for more than 2 months, I'm very satisfied with EA performance.

Ravan
20
Ravan 2022.12.30 18:58 
 

My honest review. I tested this for 20$, and this gave me a good result. I think this bot is the best bot I have ever tried. Thank you, developer.

ozzfrancisco
74
ozzfrancisco 2022.12.14 22:03 
 

funcionando perfeitamente, obrigado

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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
Auswahl:
ruecha_m
276
ruecha_m 2024.01.05 06:05 
 

After testing for more than 2 months, I'm very satisfied with EA performance.

Kgashane Junior Shai
128
Kgashane Junior Shai 2023.01.01 04:36 
 

So far so good, I tried many before but this one does exactly what I have been looking for. Thanks a lot.

Ravan
20
Ravan 2022.12.30 18:58 
 

My honest review. I tested this for 20$, and this gave me a good result. I think this bot is the best bot I have ever tried. Thank you, developer.

ozzfrancisco
74
ozzfrancisco 2022.12.14 22:03 
 

funcionando perfeitamente, obrigado

Ahmed Sarıkaya
2724
Ahmed Sarıkaya 2022.11.17 20:35 
 

good.

Rik672001
295
Rik672001 2022.11.03 08:46 
 

This is working well for me Thank you

gobonaone chikanda
118
gobonaone chikanda 2022.10.05 22:06 
 

Very good EA

Cristian Mihail Pauna
12933
Cristian Mihail Pauna 2022.09.27 07:36 
 

Negative feedback!

sanoj ik
93
sanoj ik 2022.04.23 03:52 
 

EVEN WITH DEAFAULT SETTINGS ITS A SAFE AND STEADY WINNER WITH A DECENT PROFIT GAIN OF 40% IN ONE MONTH

SOME TIPS WHICH MAY BE USEFUL TO USERS (BUT USE IT ON YOUR OWN RISK ONLY AFTER TESTING)

ALSO WITH TAKE PROFIT 9 PIPS SETTINGS IT IS GIVING MUCH MORE BETTER RESULTS IN GBPUSD

AND ALSO ONE MORE IMPORTANT TIP

PLEASE MAKE THE DRAWDOWN RECOVERY TO TRUE WHICH IS FALSE IN GBPUSD DEFAULT SETTINGS

I BLOWN OUT ONE SMALL ACCOUNT WHILE TESTING {NOT WITH DEFAULT SETTINGS (DEFALT SETTINGS IS SAFE) - WITH MY SPECIAL TESTING PAPAMETERS} WHEN THERE WAS A SUDDEN DROP IN PRICE

dragonmark
175
dragonmark 2022.03.23 11:37 
 

Good

ebiotuburutu
94
ebiotuburutu 2022.02.20 09:55 
 

this seem to me will be a fantastic EA but please can i get the EA best profitable parameter settings? please i will be greatfull. send me a DM on whatsapp on +2348064188508 i will be grateful.

Antwort auf eine Rezension
Version 1.3 2018.08.07
Added TradeOnSunday option. Added BollingerBandEntry option.
Version 1.2 2018.07.06
FIxed bug when restarting MetaTrader.