GOLD Reaper v2
- Experts
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Nazat Hossain Adi
I specialize in developing automated trading solutions for MetaTrader 5, with a focus on practical execution, configurable risk management and professional trade-management tools. - Version: 2.0
- Activations: 5
TRADE WITH STRUCTURE. MANAGE RISK WITH CONTROL.
Welcome to GOLD Reaper v2, an automated trading solution for MetaTrader 5, developed by Axentralab / VELOURA.
GOLD Reaper v2 is designed to identify breakout opportunities around important market levels and execute trades according to your selected entry and risk-management settings. With configurable trade confirmation, flexible position sizing, and built-in trade-management tools, the EA gives traders control over how their trading system operates.
Whether you prefer a fixed trading volume or percentage-based risk, GOLD Reaper v2 provides adjustable settings to help you configure the system according to your own trading plan.
Key Features
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Automated Breakout Trading — Identifies trading opportunities around key previous-day price levels.
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Flexible Entry Confirmation — Choose between price-touch entry and candle-close confirmation.
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Risk-Based Lot Sizing — Calculate position volume based on a configurable percentage of account balance.
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Fixed Lot Option — Use a predefined lot size when preferred.
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Flexible Stop Loss & Take Profit — Configure fixed-point levels or use ATR-based stop-loss calculations.
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Break-Even Management — Move the stop loss toward the entry price according to your settings.
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Trailing Stop — Automatically adjust stop-loss levels as the trade progresses.
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Daily Loss Protection — Set a daily loss threshold to restrict further trading when the configured limit is reached.
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Spread Filter — Avoid opening new trades when the spread exceeds your selected limit.
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Trading Session Filter — Configure the permitted trading hours.
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Directional Control — Enable both directions, buy-only, or sell-only trading.
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Customizable Settings — Adjust risk, trade confirmation, stop-loss, take-profit, and other parameters.
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Clean Chart Dashboard — View important account and EA information directly on the chart.
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No Grid / No Martingale — The EA does not use grid or martingale position-recovery strategies.
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No DLL Dependency — Designed to operate without external DLL files or web requests.
Risk Management Comes First
GOLD Reaper v2 includes configurable risk controls so you can adapt its operation to your account and trading preferences.
Available controls include:
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Percentage-based or fixed-lot position sizing
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Configurable stop loss and take profit
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ATR-based stop-loss calculation
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Break-even and trailing-stop management
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Daily loss limit
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Spread and trading-session filters
Important: Risk-management settings do not eliminate trading risk. Actual exposure and execution results depend on the symbol, broker specifications, market conditions, spread, slippage, and your chosen settings.
Flexible Configuration
Customize GOLD Reaper v2 to suit your preferred trading approach.
Entry Mode: Choose price-touch execution or candle-close confirmation.
Position Sizing: Use risk-percentage sizing or a fixed lot.
Stop-Loss Mode: Choose fixed-point or ATR-based stop-loss calculation.
Trade Direction: Enable buy and sell trades, or restrict the EA to one direction.
Trade Protection: Configure break-even, trailing stop, spread limits, session filters, and daily loss protection.
Setup Guide
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Install GOLD Reaper v2 in MetaTrader 5.
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Open the chart of your chosen trading symbol.
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Attach the EA to the chart and enable Algo Trading.
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Configure your lot-sizing method and risk parameters.
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Set your preferred entry confirmation, SL/TP, and trade-management options.
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Test your configuration in the Strategy Tester and on a demo account before considering live trading.
The EA is designed to work with different symbols and chart timeframes. However, the appropriate settings and actual results may vary significantly between instruments and brokers.
Backtesting & Optimization
For meaningful testing, use the most accurate historical tick data available for your broker and symbol. Include realistic spread, commission, and slippage assumptions where applicable.
Evaluate more than net profit. Review maximum drawdown, profit factor, trade count, average trade, and performance across different market conditions. Forward-test the selected settings on a demo account before live deployment.
Important Risk Disclaimer
GOLD Reaper v2 is a trading tool, not a guarantee of profit. No EA can guarantee consistent returns or prevent losses in every market condition. Backtest results do not guarantee future performance.
Use responsible risk settings and test thoroughly before trading real funds.
GOLD Reaper v2
Precision in Execution. Control in Risk Management.
Developed by Axentralab / VELOURA
MetaTrader 5 Expert Advisor
