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Rapid Reaper EA

FREE

Published: 24 May 2018

Current version: 1.3

Rapid Reaper EA

4.75

Experts
Robots4Forex Ltd
Version: 1.3
Updated: 7 August 2018

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.

more...

311

ruecha_m 2024.01.05 06:05 #

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

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 2022.12.14 22:03 #

funcionando perfeitamente, obrigado

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The Donchian Scalper EA is a fully automated Expert Advisor that trades based on the Donchian indicator. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY using 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

FREE

The Night Scalper EA is a fully automated Expert Advisor that trades at night and exploits price reversion. The EA trades using limit orders with stop loss and take profit. This EA works best on EURUSD, EURGBP, USDCHF & GBPUSD. Version 2 is a complete overhaul of the EA allowing for full customizable night scalping. Defaults are for EURUSD, check the comments for set files for version 2. Limited time special offer, review Night Scalper EA and get an EvoAI 1 year licence! View More Products - htt

49 USD

FREE

The Bollinger Scalper 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 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

FREE

The Candle Scalper EA is a fully automated Expert Advisor that trades based on price action. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. 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. 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 E

FREE

The Wave Scalper EA is fully automated scalping system that uses price action to identify good scalping trades and executes them with an invisible trailing stop loss. It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading. This is a long term strategy combined with money management which works well on most pairs, but predominantly GBPUSD, USDCAD, EURUSD, AUDUSD & USDJPY. Plea

FREE

The USDJPY Trader EA is an automated trend following system that is always in the market and trades using sell stop and buy stop orders with trailing stop losses to capture large movements in the market. It also includes a money management feature which calculates lot size based on account size and risk with an option to set a maximum draw down at which the EA will stop trading. This is a long term strategy combined with money management and will work on any pair but works best on USDJPY M15. Vi

FREE

The Currency Strength Breakout indicator monitors eight currencies across M1, M5, M15, M30 & H1 time frames all in the same window. Trade the strongest currency against the weakest with alerts for pullbacks giving you the opertunity to enter the trend. Please note: I have made the decision to give this Indicator away and many more for free with limited support so that I can concentrate on Custom EA. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring

FREE

The Extreme Breakout EA Lite is a fully automated multi currency Expert Advisor that trades time based breakouts and has various options to improve performance. The Extreme Breakout EA Lite trades using pending orders and has the option to enter using market orders if required. Lite version is limited to 0.01 lots without money management. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex

FREE

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

FREE

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, AUDNZD and USDCHF using the M5 timeframe, defaults are for EURUSD. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Any questions message me - https://www.mql5.com/en/users/robots4forex View More Products - https://w

30 USD

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

FREE

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

FREE

The Trend Venom EA is a fully automated Expert Advisor that trades based on Moving Average and RSI 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 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 concentr

FREE

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

FREE

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

199 USD

Custom EA is a fully automated trading system designed to be customized to your specification in order to create unique trading strategies. This expertly coded EA is suitable for traders of all levels, from beginners to experienced traders. You can start trading using the built-in preset strategies or create your own using the fully customizable features. Custom EA uses an LSTM neural network with self-training capabilities to ensure the best performance. In addition, there are multiple preset s

199 USD

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

The Night Scalper 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, 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 optimized settings. View More

30 USD

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

199 USD

Filter:

311

ruecha_m 2024.01.05 06:05 #

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

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 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 2022.12.14 22:03 #

funcionando perfeitamente, obrigado

2724

Ahmed Sarıkaya 2022.11.17 20:35 #

good.

295

Rik672001 2022.11.03 08:46 #

This is working well for me Thank you

118

gobonaone chikanda 2022.10.05 22:06 #

Very good EA

12968

Cristian Mihail Pauna 2022.09.27 07:36 #

Negative feedback!

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

175

dragonmark 2022.03.23 11:37 #

Good

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.

Version 1.3 2018.08.07

Added TradeOnSunday option. Added BollingerBandEntry option.

Version 1.2 2018.07.06

FIxed bug when restarting MetaTrader.