Tide Reaper EA
- Experts
- Versione: 6.8
- Attivazioni: 5
Product Name: Tide Reaper EA
Product Description:
Tide Reaper EA is an automated Expert Advisor developed for the MetaTrader 5 platform. It is designed to identify and follow intraday trends, primarily optimized for XAUUSD (Gold). The EA does not employ grid trading, Martingale, counter‑trend averaging, or any risk‑compounding strategies.
Core Strategy:
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Multiple timeframes are used to determine the dominant trend direction. Higher timeframes set the overall bias, while lower timeframes are used for precise entry timing.
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Entry signals are generated only when multiple independent confirmations align with the prevailing trend.
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Oscillation and low‑volatility conditions are filtered automatically to avoid opening positions in choppy markets.
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A dynamic volatility‑based stop‑loss is applied. The system automatically verifies and adjusts the stop price according to each broker's minimum stop distance (STOPS_LEVEL), preventing invalid stop errors both in backtesting and live trading.
Exit and Risk Management:
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A three‑stage take‑profit mechanism is implemented:
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Partial closure at a predefined risk‑reward ratio to secure initial gains.
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Conditional partial exit triggered by breach of key levels, trailing stop activation, or consecutive loss protection.
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Full position closure when the trend is determined to have ended, preventing reversals from eroding profits.
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After the first partial take‑profit, a trailing stop is moved to breakeven to protect remaining positions while allowing further profit potential.
Risk Control Features:
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Consecutive loss protection: after two losing trades in a row, new entries are paused and existing positions are partially reduced.
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Minimum equity guard: new positions are blocked if the account margin level falls below a user‑defined threshold.
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Adaptive slippage: the allowed slippage is calculated dynamically based on the current broker spread, helping to handle volatile market conditions.
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Position direction control: no duplicate positions in the same direction are allowed under the same magic number.
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Pre‑trade margin verification: the required margin is checked before each order to avoid insufficient funds errors.
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Three‑timeframe confluence filtering reduces false signals from short‑term fluctuations.
Operation and Compatibility:
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The EA runs on the M5 timeframe and is optimized for XAUUSD (compatible with any broker symbol for Gold).
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It supports three trading modes: both directions, long only, or short only.
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Default parameters are pre‑configured for immediate use; advanced users may adjust lot size, ATR stop multiplier, risk‑reward ratio, trailing stop offset, margin threshold, and trading direction.
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Signal calculations are performed only on new bars, while tick‑level processing is limited to position management, ensuring low CPU usage.
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No complex setup is required.
Recommended Settings:
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Symbol: XAUUSD (or any broker‑specific Gold code)
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Timeframe: M5 (fixed)
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Account: Low‑spread ECN account recommended
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Minimum deposit: 2000 USD (suggested for adequate risk buffer)
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Leverage: 1:100 to 1:500 (typical for Forex)
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VPS: 24/7 stable connection recommended
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Order filling: FOK (Fill or Kill)
Installation and Usage:
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Attach the compiled EA file (Tide Reaper EA.ex5) to a XAUUSD M5 chart in MetaTrader 5.
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Default parameters are based on version 6.8 optimisation; beginners can start without modifications.
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The EA operates fully automatically – opening, managing, and closing positions without manual intervention.
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It is strongly recommended to test the EA on a demo account for one to two weeks before live deployment.
Disclaimer:
Trading Forex and Gold (XAUUSD) involves substantial risk due to high volatility. Past performance, whether from backtesting or demo trading, does not guarantee future results. Market conditions, broker spreads, slippage, latency, liquidity, and variations in broker STOPS_LEVEL rules may affect actual trading outcomes. This EA incorporates comprehensive risk controls, but no system can eliminate all trading risks. Users are solely responsible for their trading decisions and any resulting losses. Novice traders should gain sufficient experience on a demo account before using real funds. The seller and the platform assume no liability for any direct or consequential losses arising from the use of this product.
