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Rapid Reaper EA MT4

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.

Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex

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.
  • 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 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 1
Intet
104
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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Gold Bonanza is an advanced trading system which was optimized for XAUUSD currency pair. The EA uses complicated filtering techniques to search for accurate entry and exit points. My adviser is intended for a long-term trading. It utilizes its own price action algorithms in combination with the author's indicator. Gold Bonanza is a fully automated adviser that doesn't require any special skills from you. All you need to do is just install it and the EA will do the rest for you. Check out my back
399 USD
SIEA Pro MT4
SIEA Pro MT4
Daniel Stein
BUY & SAVE 750$   >>   2 copies left at this price Send a screenshot of your purchase, and you'll get   the set files for   SIEA ZEN   and   SIEA MAX .   So you'll have   3 SIEAs in 1. The keys to success   in trading Forex are discipline, patience and a clear edge, as we have with our unique real trading volume analysis. That's our experience of 10 years of trading Forex, and  all these key factors are summarized in the   S tein   Investments   E xpert   A dvisor ( SIEA ) series. SIEA PRO
1 750 USD
Hunting Cat Scalper
Hunting Cat Scalper
Pak Hong Poon
Hunting Cat Scalper is a fully automated trading robot on mainly USDJPY. It well identifies potential breakout levels in certain price patterns and then trades along with the breakouts.  Early Bird Promotion over the weekend at $199~ Next price --> $249 Live signal: https://www.mql5.com/en/signals/1072005 https://www.mql5.com/en/signals/1039521 Features Self-developed algorithm that identifies potential breakout levels Especially effective in certain price patterns  Unique coding logic that allo
199 USD
Torpedo Gold
Torpedo Gold
Antonis Michos
Big offer: only for 3 days ( till 21 /09/2021 ) price  at  159$ Monitoring HERE If you have bought ANY of my Products then you are ELIGIBLE TO JOIN the Private group !!! TELEGRAM group: send me message to add you to our community PRIVATE GROUP(unfortunately there are a lot of scammers to public ones...) Torpedo Gold is my new NEURAL network project using advanced parameters for finding entries such as distances,Candle sizes,candles formations,break outs in an advanced way etc.
159 USD
TripleHHH
TripleHHH
INREXEA LIMITED
TripleH Price up : Due to coming version will be connected to my database . Price will be going up. Last 10 copies for this price , next price will be 2100 USD . Target back to 3888 . BackTest which can not see the full functions which all pairs are communicating among each others . Please watch signals : SignalMinitor   ::  Do not waste your time on Backtest New setup   Will soon upgrade to a non MQL version which connect to my database to get real data for users whom purchase from here on
1 682 USD
Adaptive Trend Hunter
Adaptive Trend Hunter
Andrii Holiev
Adaptive Trend Hunter Adaptive Trend Hunter is a professional fully automated Expert Advisor adapted for trading the most popular EURUSD currency pair on the H1 timeframe. It uses its own algorithms for recognizing stable trends, which are determined by 5 proprietary trend indicators, that you will not find on sale. The Adaptive Trend Hunter Expert Advisor is an intelligently advanced automated trading tool. The Expert Advisor is notable for its self-renewing algorithm when trading conditions
2 000 USD
Market Reversal Alerts EA
Market Reversal Alerts EA
LEE SAMSON
The Market Reversal EA is powered by the indicator of the same name ( available here ) and trades based on market structure shifts. The EA will by default take a trade every time a market reversal alert is sent by the indicator and will trade those alerts based on the conditions and filters you set in the EA settings. It draws support rectangles as price moves in it's current trend direction and trades when price reverses sharply and signals a market structure shift or a re-test of the reversal.
199 USD
EA Antivirus
EA Antivirus
Vasiliy Strukov
I am glad to welcome you on the page of my product - I am its author Vasily Strukov. EA Antivirus is a conceptually new automated trading advisor using a scalping strategy. The trading system is multicurrency and is able to trade on  many pairs. The trading system is suitable for both experienced traders and beginners. EA Antivirus uses  pending orders on the broker's server, which initially reduces the risk through delays and slippage. EA need broker with low spead and vps with small pin
149 USD
Mood EA
Mood EA
Vasiliy Strukov
Mood EA - works on the Momentum indicator, which is a leading indicator. To enter a position, the advisor uses the oversold or overbought conditions of this indicator, catching the "mood" of traders. IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus! Real-time results can be viewed  here .   SETTINGS Open new series - on / off beginning of a new seri Start lots - start lot. Trade Buy - allow the adviser to buy. Trade Sell - allow the adviser to sell. Support m
149 USD
Xion
Xion
Aliia Aleshkina
There are 10 copies of the advisor left at the price of $ 149, the next price is $ 199 Hurry up to buy while the price is low enough! Xion       is a trading system based on the property of the market to correct itself at strong support / resistance levels. Two separate neural networks are used to generate a signal to open trades. The first neural network generates a signal, and the second analyzes the results of the first one and issues a confirmation to open a deal. The main principle of a tr
149 USD
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Flex Grid EA
Flex Grid EA
WebTech Media Ltd
The Flex Grid EA is a fully automated Expert Advisor that trades based on RSI. The EA trades using market orders with inivisible take profit and uses averaging to safely turn otherwise negative trades positive. This EA works best on EURUSD, USDJPY, EURUSD, USDCAD & GBPUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully
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Extreme Breakout EA MT4
Extreme Breakout EA MT4
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. MT5 version is here: https://www.mql5.com/en/market/product/29785 Designed for the following pairs: AUDCHF, AUDJPY, CADJPY, EURAUD, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCHF, NZDJPY,
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Custom EA
Custom EA
WebTech Media Ltd
Custom EA is a professional fully customizable automatic trading system designed to create unique trading strategies. This system has many entry, exit and filter settings to choose from. From basic RSI to advanced LSTM Neural Network. Build your own strategy or choose a preset and start trading straight away. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. FEATURES Fully automated Fully customizable LSTM Neural Network with self training Multiple st
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Night Lottery EA MT4
Night Lottery EA MT4
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensitive to spread Risk Money Managem
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Night Scalper EA
Night Scalper EA
WebTech Media Ltd
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. Forward t
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Night Scalper EA Lite
Night Scalper EA Lite
WebTech Media Ltd
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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Extreme Breakout EA Lite
Extreme Breakout EA Lite
WebTech Media Ltd
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. MT4 full version is here: https://www.mql5.com/en/market/product/29796 MT5 full version is here: https://www.mql5.com/en/market/product/29785 Designed fo
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Dollar Yen Trader EA
Dollar Yen Trader EA
WebTech Media Ltd
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.
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Night Lottery EA Lite MT4
Night Lottery EA Lite MT4
WebTech Media Ltd
The Night Lottery EA Lite 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. This is a lite version of the Night Lottery EA - https://www.mql5.com/en/market/product/31086 Forward testing signals - https://www.mql5.c
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Prospector Scalper EA MT4
Prospector Scalper EA MT4
WebTech Media Ltd
The Prospector Scalper EA is a fully automated Expert Advisor that scalps during high volatility periods using a hybrid lot multiplication algorithm. The EA trades using market orders and hides its decision making from the broker. This EA will work on any pair but works best on EURUSD and USDJPY on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Forward testing signals - https://www.mql5.com/en/signals/author/robots4
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Wave Scalper EA MT4
Wave Scalper EA MT4
WebTech Media Ltd
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. Forw
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Complex Chaos EA MT4
Complex Chaos EA MT4
WebTech Media Ltd
The Complex Chaos EA is an automated system that uses a pair of exponential moving averages to detect the market direction and opens trades on candle open. If the market moves against a trade it will at a set distance open another trade in the same direction to move the take profit of the group of open positions closer to the current price and make the group of trades winners overall once the price reverses. If a change in direction is detected then all trades are closed and it starts trading in
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RMI Scalper EA MT4
RMI Scalper EA MT4
WebTech Media Ltd
The RMI Scalper EA is a fully automated Expert Advisor that trades pullbacks from the major trend using RMI and limited averaging. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY, EURUSD, GBPUSD, USDCAD, USDCHF, AUDJPY, EURCAD, EURGBP and EURJPY using the M30 timeframe and has the option to trade multiple pairs but only one pair at any one time to increase trade frequency without increasing draw down. A VPS is a
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Donchian Scalper EA MT4
Donchian Scalper EA MT4
WebTech Media Ltd
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensitive to spread
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Aeon
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features     Fully automated     Not sensitive to spread     Always a stop loss in place    
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Candle Scalper EA
Candle Scalper EA
WebTech Media Ltd
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensitive to spread Always a sto
49 USD
Bollinger Scalper EA
Bollinger Scalper EA
WebTech Media Ltd
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensi
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Bollinger Fading EA
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensit
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Trend Venom EA
Trend Venom EA
WebTech Media Ltd
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensitive to spre
49 USD
Currency Strength Breakout
Currency Strength Breakout
WebTech Media Ltd
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. Features Easily see which currencies are currently trending and in which direction. Trade pullbacks with the highest probability of success. Colors are fully adjustable. How To Trade The higher time frame currency strengths are displayed on the
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Complex Chaos EA
Complex Chaos EA
WebTech Media Ltd
The Complex Chaos EA is an automated system that uses a pair of exponential moving averages to detect the market direction and opens trades on candle open. If the market moves against a trade it will at a set distance open another trade in the same direction to move the take profit of the group of open positions closer to the current price and make the group of trades winners overall once the price reverses. If a change in direction is detected then all trades are closed and it starts trading in
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Wave Scalper EA
Wave Scalper EA
WebTech Media Ltd
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. Forw
49 USD
Prospector Scalper EA
Prospector Scalper EA
WebTech Media Ltd
The Prospector Scalper EA is a fully automated Expert Advisor that scalps during high volatility periods using a hybrid lot multiplication algorithm. The EA trades using market orders and hides its decision making from the broker. This EA will work on any pair but works best on EURUSD and USDJPY on the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Forward testing signals - https://www.mql5.com/en/signals/author/robots4
49 USD
Rapid Reaper EA
Rapid Reaper EA
WebTech Media Ltd
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4f
49 USD
Extreme Breakout EA
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. MT4 version is here: https://www.mql5.com/en/market/product/29796 Designed for the following pairs: AUDCHF, AUDJPY, CADJPY, EURAUD, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCHF, NZDJPY,
49 USD
RMI Scalper EA
RMI Scalper EA
WebTech Media Ltd
The RMI Scalper EA is a fully automated Expert Advisor that trades pullbacks from the major trend using RMI and limited averaging. The EA trades using market orders and uses averaging to safely turn otherwise negative trades positive. This EA works best on USDJPY, EURUSD, GBPUSD, USDCAD, USDCHF, AUDJPY, EURCAD, EURGBP and EURJPY using the M30 timeframe and has the option to trade multiple pairs but only one pair at any one time to increase trade frequency without increasing draw down. A VPS is a
30 USD
Donchian Scalper EA
Donchian Scalper EA
WebTech Media Ltd
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensitive to spread
49 USD
Night Lottery EA
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. Forward testing signals - https://www.mql5.com/en/signals/author/robots4forex Features Fully automated Not sensitive to spread Risk Money Managem
30 USD
Night Scalper EA MT5
Night Scalper EA MT5
WebTech Media Ltd
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. Forward t
30 USD
Custom EA MT5
Custom EA MT5
WebTech Media Ltd
Custom EA is a professional fully customizable automatic trading system designed to create unique trading strategies. This system has many entry, exit and filter settings to choose from. From basic RSI to advanced LSTM Neural Network. Build your own strategy or choose a preset and start trading straight away. Updates and optimizations will be made on an ongoing basis and will be available to the buyer. FEATURES Fully automated Fully customizable LSTM Neural Network with self training Multiple st
125 USD
Filter:
Intet
104
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.

Reply to review
Version 1.5 2020.01.06
Added PositionComment option.
Version 1.4 2019.01.14
Stopped AllowNewTrades from affecting averaging positions.
Version 1.3 2018.08.07
Minor bug fixes. Added Bollinger Band entry option.
Version 1.2 2018.07.06
FIxed bug when restarting MetaTrader.