Xauusd Gold Reaper EA
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Experts
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Versione:
2.30
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Attivazioni:
5
Gold Reaper EA
Gold Reaper EA is an Expert Advisor for XAUUSD (gold) on MetaTrader 5. It opens trades only when its market-structure conditions line up with the higher-timeframe direction, then manages each position with a fixed stop loss, a break-even step and a reward-to-risk target. It does not use martingale, grid or averaging.
How it works
1. A higher-timeframe direction filter decides whether the EA looks for buys, sells or neither.
2. On the M15 chart, the EA waits for its structured entry conditions inside the trading session you allow.
3. Every trade opens with a stop loss and a take profit based on your reward-to-risk setting.
4. When the trade reaches the break-even level, the stop loss moves to entry. The stop then adjusts as the trade develops.
5. Around high-impact news, the EA pauses new entries and can close open trades, according to your settings.
Features
- Higher-timeframe direction filter
- Trading session control
- News filter using the MetaTrader 5 economic calendar
- Stop loss and take profit on every trade
- Break-even and dynamic stop-loss management
- Risk-based position sizing (percent of balance per trade)
- Built-in statistics panel: win rate by direction, by condition and by hour of day
- Built-in optimizer for the key parameters
Recommended use
- Symbol: XAUUSD
- Timeframe: M15
- Account: ECN or raw-spread account with low spreads on gold
- Balance: from 100 USD; 1000 USD or more recommended
- Risk: 2% per trade by default; lower it for a smaller drawdown
- Reward-to-risk: 4 gives a higher win rate with smaller targets; 7.8 gives larger targets with fewer winning trades
- A VPS keeps the EA running around the clock
Input parameters
(Codex/Best: replace each line with the exact input name and its default from the EA's Inputs tab)
- Risk per trade (%): percent of balance risked on each trade
- Reward-to-risk ratio: take-profit distance as a multiple of the stop-loss distance
- Break-even trigger: profit level at which the stop loss moves to entry
- Higher timeframe: timeframe used for the direction filter
- Session start / Session end: hours in which new trades are allowed (server time)
- News filter: on or off; minutes to pause before and after high-impact news; close trades before news (yes/no)
- Magic number: identifies this EA's trades
- Show statistics panel: on or off
Notes
- Test the EA on a demo account with your broker before trading live. Results depend on spread, execution and broker conditions.
- Past performance and backtests do not guarantee future results.
- For questions, use the comments section on this page or send me a private message on MQL5.