GoldBitcoin Reaper

Goldbitcoin Reaper

Goldbitcoin Reaper is a fully automated, multi-symbol trend-following Expert Advisor designed specifically for the unique volatility of Gold (XAUUSD) and Bitcoin (BTCUSD).

Unlike traditional EAs that require you to open multiple charts, ProjectWealth allows you to manage and trade both markets simultaneously from a single chart. Because Gold and Bitcoin rarely experience losing streaks at the exact same time, running them together on one account helps smooth out the equity curve and reduce overall drawdown compared to trading either market alone.

How the Strategy Works
The EA uses a classic, highly robust trend-breakout logic with strict risk management:

• Trend Filter: It checks the Daily timeframe using an EMA 8 and SMA 55 to determine the primary trend direction.

• Entry: It places a Buy Stop above the 55-bar high (or Sell Stop below the 55-bar low) on the H4 chart, strictly in the direction of the Daily trend.

• Initial Stop: Every trade is protected by a Stop Loss placed 2.0 x ATR away from the entry price.

• No Grid / No Martingale: This EA uses a fixed, professional risk model. There is only ever one position per symbol at a time.

Advanced Trade Management
Once a trade is open, the EA actively protects your capital and locks in profits:

• Early Protection: At +0.8R, the stop loss is moved to cut the maximum possible loss down to just 0.3R.

• Break-Even: At +1.0R, the stop loss is moved to lock in a small profit.

• Partial Close: At +2.0R, the EA banks 50% of the position, securing the profit.

• Dynamic Trailing Stop: The remaining position is trailed using the "Swing" method (behind the 20-bar low/high). Once the trade reaches +5.0R, the trailing stop tightens to the 10-bar low/high to protect the larger profit.

Account Protection
ProjectWealth includes a built-in Emergency Drawdown Guard. If your account equity drops by a set percentage (default 75%) from its peak, the EA will automatically close all open trades, delete pending orders, and pause trading to protect your remaining balance.

⚠️ IMPORTANT: How to set up Gold and Bitcoin

By default (to pass MQL5 validation), the EA is set to trade only the chart it is attached to. To activate the multi-symbol Gold and Bitcoin mode, you must do the following:

1. Open the EA Inputs.

2. Find the input named InpSymbols .

3. Type your broker's exact symbol names for Gold and Bitcoin, separated by a comma.

   • Example for Exness: XAUUSDm,BTCUSDm

   • Example for IC Markets: XAUUSD,BTCUSD

4. Attach the EA to one chart (ideally a Bitcoin H4 chart, as the crypto market is open 24/7 and allows the EA to manage Gold trades through the weekend).

Recommended Settings:

• Timeframe: H4 (Attach to BTCUSD)

• Symbols: XAUUSDm,BTCUSDm (or your broker's exact names)

• Risk Per Trade: 1% - 10% (Depending on your risk appetite. 10% was used in aggressive backtests).

• Minimum Balance: $1,000+ recommended.

Note: This EA is specifically optimized and tested for Gold and Bitcoin. It is not recommended for traditional Forex pairs.