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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
105
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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Super Trade AI  ***** Super Trade AI ***** Before you buy all of my products please be aware of the risks involved: 1) Please do not over believe in backtesting result . No one can 100% predict the future . 2) The best setting is default, but you can find the best by yourself each special conditions 3) Sometimes a confliction of market can cause the account a short period of Drawdown , Please get ready for it and wait for profit. 4) Super Trade AI are dependent on good brokerage conditions, l
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Aura Gold EA
Aura Gold EA
Stanislav Tomilov
Price: $995 4 of 10 copies left at this price Next price $1395 Aura Gold EA  is a fully automated EA designed to trade GOLD only. It is based on machine learning cluster analysis and genetic algorithms. EA contains self-adaptive market algorithm, which uses price action patterns and standard trading indicators (CCI,ATR). Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money managment used, no martingale, no grid, scalp or hedge. Suitable for any broker condit
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ATS Advisor
ATS Advisor
Ivan Bebikov
The MT5 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/54481 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fully automatic adviser, with a system for recovering from losses. The strategy is based on the breakdown of signific
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GerFX Kuddelmuddel EA
GerFX Kuddelmuddel EA
Exler Consulting GmbH
Before you buy this EA, please be aware that: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. This EA/strategy is something new on the market. It does not use the typical strategies like momentum / trend, asian scalping, S/R-Level scalping or any type of grid/martingale. It is able to
600 USD
NightTradeEA
NightTradeEA
Mikhail Voropaev
- Супер акция: 10 копий по цене $199!!! (осталось 3 копии) - Следующая цена: $249 Очень важно!!!!! Для тестирования и работы советника обязательно загрузите файл с настройками для соответствующей валютной пары и установите самый первый параметр - время вашего брокера от GMT!!! NightTradeEA - полностью автоматический торговый советник. Основная стратегия советника - ночной скальпинг в период перехода от американской к азиатской сессии. Советник был успешно опробован на реальных торговых счетах на
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Ninja Wolf Robot GMT
Ninja Wolf Robot GMT
Mohammed Mahajna
------------------------------so important : please adjust the (shift hour inputs ) based on you broker gmt time ---------------- https://t.me/NinjaWolfRobot  Telegram channel  4 copies left for 449$  next price 549$ FINAL PRICE : 3499$  checkout the new two robots from IROBOT TEAM here :  SHARK and INFERNO Robots  https://www.mql5.com/en/market/product/68110 https://www.mql5.com/en/market/product/68914 the Robot has passed all stress-testes in tough conditions. it's in   a real
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EA Smoke
EA Smoke
Vitali Vasilenka
Anger conquers fear p.s Thomas Shelby  LAST 4 OUT OF 10 COPIES AT $149 Next price will be $449. link to settings https://www.mql5.com/en/market/product/61022#!tab=comments&page=20&comment=23594680   Recommended pairs for trading Working pairs USDCAD, EURCHF, EURUSD, USDCHF, EURAUD, AUDUSD, GBPUSD      Timeframe M5 The Expert Advisor is based on the second indicator of trend determination with modification of control of transactions The EA independently determines the dire
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EA Machine
EA Machine
Yury Zaikouski
My Name is Yuri - I'm a Trader! For many years I have been buying a lot of trading EAs. But all of them were not suitable for my trading style For more than a year I've been developing my own trading system My robot with all my skills and many years of trading on the market is ready!   Forget about beautiful backtests: EA Machine is already ahead of the curve! The truth is this. The biggest problem with most automated trading systems is that they all show beautiful backtests, but few ac
149 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. The EA 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 rever
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TakePropips Golden Expert
TakePropips Golden Expert
Eric John Pajarillaga Aldana
TakePropips Golden Expert   is a trading robot specifically developed for trading Gold (XAUUSD).  This EA automatically detects high probability trade setups using advance trend algorithm! It is based on price action and a combination of key technical indicators to determine future price movements. The EA was optimized using a 1:1 risk/reward ratio so this EA will have the same size for take profit and stop loss! Main Features: All Orders Are Protected By Stop Loss Avoids unnecessary huge loss
150 USD
NightVision EA
NightVision EA
Alexander Kalinkin
NightVision EA  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA:    https://www.mql5.com/ru/signals/author/dvrk78 Recommended FX broker :  IC Marke
449 USD
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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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Flex Grid EA
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Custom EA
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Extreme Breakout EA Lite
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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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Night Lottery EA Lite MT4
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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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Dollar Yen Trader EA
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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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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
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WebTech Media Ltd
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Extreme Breakout EA MT4
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RMI Scalper EA MT4
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WebTech Media Ltd
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Aeon
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Night Scalper EA
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WebTech Media Ltd
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Candle Scalper EA
Candle Scalper EA
WebTech Media Ltd
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Bollinger Scalper EA
Bollinger Scalper EA
WebTech Media Ltd
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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
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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
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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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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
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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
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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,
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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
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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
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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
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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
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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
105
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.