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Rapid Reaper EA

4.33

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.
Reviews 3
sanoj ik
68
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
154
dragonmark 2022.03.23 11:37 
 

Good

ebiotuburutu
29
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.

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Description : Fidelity EA is an Expert Advisor for trading on all Forex pairs and all timeframe. EA is powered with specific trend detection algorithms. The algorithm is fully smart and automatic. So the use and setup of EA is very simple and there is no need to have deep knowledge about the market. Monitoring Signals : The signal is not available now. Why is the signal disabled? Growing the EA : The EA will be updated and supported always. New features will be added later for free. If
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Sun USDCHF
Arthur Hatchiguian
3.67 (3)
Sun   USDCHF   is an aggressive   multi-cycle  scalper  designed for   USDCHF M1 . Each cycle is   independent.  it uses a sequence of orders and has its own   TP   and   SL . It uses a   martingale   system. This EA is using   strong recurrences   of the past to take position and achieve a   high success   rate . The purchase price increases by $100 for every 5 copies sold. The   minimum   deposit is   $100   for a 1:500 leverage. An   autolot   system is   included .  I recommend to us
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Marat Baiburin
4.88 (17)
Only 3 copies left out of 5 at the price of 799$. The next price is 849$ The final price of the adviser is $ 2000 Live signal: https://www.mql5.com/ru/users/bayburinmarat/seller Correct GMT setting: https://www.mql5.com/ru/blogs/post/743531 Waiting Night is a professional advisor with an innovative approach to night scalping. Price Action + author's indicator + unique position tracking make the adviser unique and flexible in customization: You can adapt the Expert Advisor to your preferences: a
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The Power of Unity
Pavel Malyshko
4.8 (5)
Limited time price 399 then price 499 and above! Monitoring   https://www.mql5.com/ru/signals/1431372?source=Site+Signals+My Real Signal   :  https://www.mql5.com/ru/signals/1628666?source=Site+Signals+My The system works in the evening, using the patterns of price behavior in a given trading period. To protect the deposit, the system has a floating take profit, which can be either positive or negative, which allows you to reduce losses. I recommend using it together with my other
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Batman Midnight Hunter MT5
Evgenii Aksenov
4.92 (12)
Batman Midnight Hunter is a fully automatic smart night scalping system that has proven itself on real accounts. It doesn’t adjust the system to use history data (as most creators do), the EA is developed to use the existing market inefficiency. So it’s not a simple hit-and-miss system, it is a fully adapted smart system for night scalping, using real market mechanics to its advantage in order to make a profit. The EA uses fixed Stop Loss and Take Profit. The EA is workds with any broker and sup
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Swingy MT5
Profalgo Limited
5 (4)
Launch promo: Only 1 left at 299$ Final price: 990$ SWINGY is a swing system, based on the breakouts of support and resistance levels.  It's a well known strategy that has been traded for decades on all types of markets. Currently, the system is already optimized for 12 currency pairs: EURUSD;GBPUSD;USDJPY;AUDJPY;AUDUSD;EURAUD;EURCAD;EURGBP;EURJPY;GBPJPY;USDCAD;USDCHF; This is a longterm trading strategy, and is a perfect addition to any trader's portfolio. Since the average profits are highe
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Trademeister
Maxim Dmitrievsky
3.67 (3)
Important! There are many fake copies of my original algorithms in the Market - even the names and descriptions are copied. Sellers are inspired by my success and try to imitate what pleases my ego: it makes me happy when developers rely on my authority. A little about the author: graduate in machine learning more than 10 years of experience in the market developed many trading systems for different platforms I develop the topic of machine learning for algorithmic trading I write incredible m
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Gold Harmonic MT5
Renate Gerlinde Engelsberger
3.58 (43)
At the request of the people, 5 copies are sold at the previous price (1 people left) : Next price: $ 400 An expert based on harmonic patterns For gold in time frame 5 and 15 minutes With a large number of signals Has a TP and a SL Without the use of dangerous strategies such as martingales and hedges After purchasing this expert, send me a message to join the buyer group  Symbol  Gold  Timeframes  M5 , M15  Minimum  Deposit  Minimum tested capital: 250$   Brokers  Any broker  L
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Lazy Trader
Scott Fredeman
5 (2)
PRICE WILL INCREASE EVERY 1 TO 2 WEEKS. GETTING IT EARLY GETS YOU THE BEST PRICE. Lazy Trader was designed to do all of the complex trading for you, so you can you relax on your couch, or sleep the night away. There is no reason to learn how to trade Forex when using Lazy Trader.  YOU DO NEED TO UNDERSTAND RISK AND MONEY MANAGEMENT HOWEVER......  Ok to Be Lazy and Smart, but PLEASE not Lazy and Stupid. READ THE RISK WARNING BELOW. It's time for you to put your feet up and allow your t
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EA Gold Stuff mt5
Vasiliy Strukov
4.75 (175)
EA Gold Stuff mt5 is an Expert Advisor designed specifically for trading gold. The operation is based on opening orders using the  Gold Stuff mt5  indicator, thus the EA works according to the "Trend Follow" strategy, which means following the trend. For Expert Advisor need hedge type account  Contact me immediately after the purchase to get the settings and a personal bonus! Real-time results can be viewed  here .  SETTINGS Open new series - on / off beginning of a new series of orders. Start l
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EA Black Dragon MT5
Ramil Minniakhmetov
4.68 (75)
EA Black Dragon runs on the  Black Dragon  indicator. The EA opens a deal by indicator color, then there is the opportunity to increase the network of orders or work with stop loss. Works on accounts that support hedging. IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus! Real operation monitoring as well as my other products can be found here:  https://www.mql5.com/en/users/mechanic/seller Inputs Value  ·            Open new series – True/False – EA will op
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Gainer
Ervand Oganesyan
5 (2)
Mean reversion range EA for major currencies and their crosses. Live performance :   https://www.mql5.com/en/signals/1603653 Currency pairs : EURUSD, USDJPY, GBPUSD, AUDUSD, AUDJPY, EURJPY, EURGBP, USDCAD. EA performance optimization has been made and may be made in future on these pairs. Timeframe : EA should be set on М15 as trade signals are checked on M15 only. EA may skip some deals if chart timeframe is higher than M15. Broker timezone settings . " Winter UTC offset, hours " - win
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Luna MT5
Profalgo Limited
4.44 (9)
Launch promo: Only 1 copy left at 349$ Final Price: 999$ New: choose 1 EA as bonus! (limited to 2 trade accounts) LIVE RESULTS :  Best pairs -> h ttps://www.mql5.com/en/signals/1502590 Luna EA is a very effective night scalper and one of the best you can find on the market.  It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included in this EA. Since the EA is build upon existing technology that was
349 USD
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Wave Scalper EA MT4
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Donchian Scalper EA
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RMI Scalper EA
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Trend Venom EA
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Bollinger Fading EA
WebTech Media Ltd
The Bollinger Fading EA is a fully automated Expert Advisor that trades based on Bollinger Band and RSI entry signals. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD using the H1 timeframe. A VPS is advisable when trading this system. 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 c
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Aeon
WebTech Media Ltd
Aeon is a fully automated Expert Advisor that trades multiple currencies. The EA trades using market orders and uses averaging to turn otherwise negative trades positive. This EA works best on the M5 timeframe. A VPS is advisable when trading this system. 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
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WebTech Media Ltd
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The Night Scalper EA Lite is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and has the option to use time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimiz
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WebTech Media Ltd
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Extreme Breakout EA MT4
WebTech Media Ltd
5 (1)
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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Extreme Breakout EA
WebTech Media Ltd
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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Night Lottery EA
WebTech Media Ltd
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
30 USD
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sanoj ik
68
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
154
dragonmark 2022.03.23 11:37 
 

Good

ebiotuburutu
29
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.

Reply to review
Version 1.3 2018.08.07
Added TradeOnSunday option. Added BollingerBandEntry option.
Version 1.2 2018.07.06
FIxed bug when restarting MetaTrader.