Rapid Reaper EA MT4

3

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 100 000.
  • LotMultiplierPerMax – limit for lot increase per account balance. Values from 1000 to 100 000.
  • LotMax - maximum lot size for trades. Values from 0.01 to 50.00.
  • BadDrawDownRecovery - enable drawdown recovery, true/false.
  • BadDrawDownRecoveryTrigger - equity drawdown percentage that triggers recovery to be active. Values from 1 to 99.
  • BadDrawDownRecoveryResult - 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 the EA to a timeframe so that selection of the chart timeframe does not affect the EA. When testing, ensure the tester timeframe is set to the same value.
  • TimeFrameHigh - higher timeframe drop-down selection to lock the EA trend identification to a timeframe.
  • MaxSpread - maximum spread in pips that the EA will trade. Values from 1.0 to 10.0.
  • TargetPips – target gain in pips for groups of trades. Values from 1 to 100.
  • StepPips – 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 and 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
Intet
94
Intet 2019.01.18 21:01 
 

I have been running this EA since July of 2018 on three accounts and with five different currency pairs. It took a few weeks of optimization but have found a really good mix that generates really good and stable returns.

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Ignacio Agustin Mene Franco
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ToTheMoon MT4
Daniel Moraes Da Silva
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ONE OF THE FEW ROBOTS WITH A SIGNAL HISTORY OF MORE THAN 3 YEARS AND AMONG THE TOP 10.   LINK TO MY ROBOTS AND SIGNAL PRESETS: In my profile there is a link to download the PRESETS that I use in my SIGNALS, you can download and Backtest for free, there are explanations in the my WebSite. https://www.mql5.com/en/users/tec_daniel   LINK TO OTHER ROBOT VERSIONS: MT4:  https://www.mql5.com/en/market/product/97963 MT5:  https://www.mql5.com/en/market/product/97962   SOME EXAMPLES OF SIGNALS ON “mql5.
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EA Gold Stuff
Vasiliy Strukov
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overview "Akatsuki" is a XAUUSD scalping system (MT4) that takes an average of 3 hours per trade and focuses on recovery. Around 0:00 (GMT+2) server time, the spreads for FX currency pairs widen. On the other hand, the impact of this widening is less for XAUUSD. Taking advantage of this background, we will engage in contrarian trades targeting the thin ranges of market participants. To improve reproducibility, the logic has been simplified and over-optimization has been reduced. XAUUSD can expe
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Profalgo Limited
5 (4)
Experts
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Mirror EA mt4
Vasiliy Strukov
5 (2)
Experts
Mirror EA is an automated trading system developed to execute trades based on the SmaSRS196 indicator which is a combination of the Simple Moving Average (SMA) and the Relative Strength Index (RSI), utilizing a 96-period optimization framework.  The EA continuously analyzes market conditions to identify high-probability trading opportunities by confirming trend direction with the SMA while using RSI to detect momentum strength and potential overbought or oversold conditions.  The EA will sell u
Scalping Index Pro MT4
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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
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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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Cristian Mihail Pauna
13168
Cristian Mihail Pauna 2022.09.29 05:52 
 

Negative feedback!

Christo Pietersen
69
Christo Pietersen 2022.06.04 21:37 
 

Bad

Intet
94
Intet 2019.01.18 21:01 
 

I have been running this EA since July of 2018 on three accounts and with five different currency pairs. It took a few weeks of optimization but have found a really good mix that generates really good and stable returns.

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