Rapid Reaper EA

4.29

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.
  • 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 & 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.
Reviews 12
ruecha_m
411
ruecha_m 2024.01.05 06:05 
 

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

ozzfrancisco
74
ozzfrancisco 2022.12.14 22:03 
 

funcionando perfeitamente, obrigado

Ahmed Sarıkaya
2724
Ahmed Sarıkaya 2022.11.17 20:35 
 

good.

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Introducing   Quantum Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Emperor EA and you could get Quantum StarMan for free !*** Ask in private for more details Verified Signal:   Click Here MT4 Version
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Fan Yang
3.94 (34)
Experts
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Fajar Dicky Firmansyah
4.18 (11)
Experts
No gimmicks. No empty claims. Silent Exit is crafted for traders focused on a single goal: steady performance.  All Major pairs included:  EURUSD,USDCAD,USDJPY,NZDUSD,USDCHF,AUDUSD,GBPUSD Whether you are pushing through a prop trading challenge or handling client funds, this EA maintains discipline — and produces results. SIGNAL Link: https://www.mql5.com/en/signals/2388541 remember this is a 100k darwinex zero account and i didnt deposit 100k its only for showing live results. How the Stra
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ONLY 10 COPIES LEFT AT 199$  | NEXT 299$ | 499$ FINAL PRICE User manual Live signals Cepheus Loyalty Cepheus Ultimate (both breakout engines Cepheus Discipline Two Synergistic Engines. Zero Grid. Zero Martingale. Defined Risk. Cepheus is a dual-engine algorithmic trading system developed specifically for XAUUSD (Gold) . Instead of relying on a single trading model, Cepheus combines two independent strategies designed to identify different types of market opportunities. Each engine has its own
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Maksim Neverov
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Welcome to Big Gold Wins  ! This is a Fully automated GOLD Trading System with 9 uniq strategies! We don't use "AI", We don't use "Machine Learning ", We don't use "ChatGPT", We don't use Martingale, We don't use Non-Realistic Backtests! Each trade has a Fixed TakeProfit and Stop Loss . Each strategy has its own Algorithm for Tracking Profitable Positions. Big Gold Wins contains 9 separate different strategies within itself, each of them with its own logic and profit-taking mechanism. Live  P er
Edge Boost Pro
Andrey Barinov
5 (3)
Experts
Edge Boost Pro is a professional Support and Resistance (SnR) trading system designed to identify important market levels and trade both breakouts and rebounds from these areas. It continuously analyzes current market structure, calculates the most relevant Support and Resistance levels, and combines them with advanced market filters to identify high-probability trading opportunities. +370% Growth LIVE SIGNAL : SIGNAL Take advantage of the current launch promo price . ONLY 10 copies of Edge Bo
Diamond Scalper MT5
Lo Thi Mai Loan
5 (3)
Experts
Live Signal: https://www.mql5.com/en/signals/2382857 Live Signal-2: https://www.mql5.com/en/signals/2390825 Live Signal Setfile  (Risk 2% per trade) IMPORTANT - READ BEFORE CHOOSING A MODE: full backtest of all 11 Trading Modes → https://www.mql5.com/en/blogs/post/775822 You've watched Gold rip 1500 points in a straight line and felt your stomach drop - not because you were wrong about the direction, but because you were still staring at your phone, half a second too slow to click. You've set a
Smart Golden Portfolio
Barbaros Bulent Kortarla
5 (3)
Experts
Smart Golden Portfolio is an XAUUSD Expert Advisor designed for traders who want a stable strategy that can remain part of a trading portfolio for the long term. Live IC Markets Signal You can follow the live IC Markets signal results from today here: https://www.mql5.com/en/signals/2389307 The core strategy was developed before 2025 as part of a much larger research process involving thousands of generated and tested strategies. From that pool, only a small number were selected for extended for
Impulse MT5
Simon Reeves
5 (15)
Experts
Are you ready to power up your Gold trading? Impulse by Starpoint Trading — A six-strategy gold EA that waits for the perfect shot. Come chat with us in our public MQL5 channel!  https://www.mql5.com/en/channels/starpoint Read my analysis of Impulse compared to similar grid systems:  https://www.mql5.com/en/blogs/post/773192 Impulse v2.00 is here! The biggest update in Impulse's history has arrived. Version 2.00 takes everything that made Impulse a disciplined, patient Gold trading system and e
Precise Pair Trading Pro
Arkadii Zagorulko
3.54 (13)
Experts
Please note that I do not sell this EA through any third-party resellers, affiliates, or alternative distribution channels. Monitoring -  Live signal Public channel - Here This EA trades two symbols and looks for short-term imbalance between them. When the symbols move differently from their normal relationship, the EA can open trades and close them when the imbalance becomes smaller. This is not a grid EA. This is not martingale. The EA does not open many recovery orders. It uses only 1 positio
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Custom EA – Fully Automated, Highly Customisable Trading Solution Custom EA is a powerful expert advisor (EA) designed for traders who want full control over their trading strategies. It offers extensive customisation options, seamless third-party indicator integration, and multiple entry and exit strategies. Whether you are automating trades, using neural networks for decision-making, or managing multiple accounts, Custom EA provides the flexibility and precision needed for both beginners and e
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Rihanna2.1
24
Rihanna2.1 2024.06.22 13:04 
 

O Rapid Reaper EA para MT4 deixa muito a desejar quando se trata de lucratividade. Apesar de sua propaganda de ser um robô de trading eficiente e lucrativo, a realidade é que ele falha em gerar retornos consistentes. Sua estratégia parece ser mal calibrada, resultando em perdas frequentes que superam os ganhos ocasionais. Além disso, a falta de flexibilidade e a ineficácia em se adaptar a diferentes condições de mercado tornam este EA uma má escolha para traders que buscam estabilidade e crescimento de capital.

ruecha_m
411
ruecha_m 2024.01.05 06:05 
 

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

Kgashane Junior Shai
151
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 
 

User didn't leave any comment to the rating

ozzfrancisco
74
ozzfrancisco 2022.12.14 22:03 
 

funcionando perfeitamente, obrigado

Ahmed Sarıkaya
2724
Ahmed Sarıkaya 2022.11.17 20:35 
 

good.

Rik672001
310
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
13168
Cristian Mihail Pauna 2022.09.27 07:36 
 

Negative feedback!

sanoj ik
130
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 
 

User didn't leave any comment to the rating

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