The Gold Reaper EA enhances the success of Goldtrade Pro, providing smooth performance across multiple timeframes. It adjusts to various trade frequencies, from conservative to highly volatile, using confirmation algorithms to strategically pinpoint the best entry points. With built-in strategies to diversify and mitigate risks, each trade includes stop-loss and take-profit features, along with trailing options to reduce risk and maximize gains. Based on a proven breakout strategy, it is expertly tuned to capitalize on the inherent volatility of gold.

 

What is The Gold Reaper?

 

The Gold Reaper EA, built on the success of Goldtrade Pro, runs seamlessly on the MetaTrader 4 platform. This expert advisor is capable of operating across different timeframes simultaneously, offering trading frequency options that range from conservative to highly volatile. It uses various confirmation algorithms to carefully identify the best entry points and executes multiple internal strategies to diversify trade risks. Each trade includes stop-loss and take-profit mechanisms, as well as trailing stop-loss and take-profit features, to minimize risks and maximize trading potential.

 

Features

• The Gold Reaper EA is designed to operate on multiple timeframes, using a variety of confirmation algorithms and risk management strategies to trade breakouts of support and resistance levels for XAUUSD on MetaTrader 4.
• This Expert Advisor adjusts trade frequency and lot size based on account size and the maximum allowable drawdown. It requires a minimum deposit of $300 and avoids grid and Martingale strategies.
• The EA is easy to install and set up on charts, making it ideal for Prop Firms. It also allows users to define their preferred maximum allowed drawdown.

 

The Gold Reaper EA Features

• Platform Compatibility: MetaTrader 4 (MT4)
• Recommended Trading Pair: XAUUSD
• Timeframe: 15M
• Automation: Trade frequency and lot size are determined automatically
• Safety: Does not use grid or Martingale strategies
• Prop Firm-Friendly: Requires a minimum balance of $300

 

The Gold Reaper EA Backtest

Backtesting a Forex Expert Advisor (EA) with Myfxbook offers valuable insights into the EA’s past performance. The charts below provide an overview of the Gold Reaper EA’s performance.

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