The Gold Reaper V1.20 EA represents an advancement from the widely successful Goldtrade Pro. Operating seamlessly across various timeframes, it offers the flexibility to adapt trade frequencies from conservative to highly volatile. Through a suite of confirmation algorithms, the EA strategically pinpoints optimal entry points, utilizing internal strategies for risk diversification and mitigation. Each trade is accompanied by both stop-loss and take-profit measures, enhanced by trailing options that aim to minimize risk and maximize potential gains. Built upon the proven breakout strategy, this system is intricately tailored to leverage the inherent volatility of Gold.
Key Takeaways:
- InfoPanel Display: The ShowInfoPanel option presents information on the chart.
- 4K Display Adjustment: Adjust InfoPanel size to “2” for 4K displays.
- Fast Backtesting: Update InfoPanel is disabled during testing for faster backtesting.
- Trade Frequency Control: Set trading frequency from conservative to extreme. Default is “auto” based on account balance and Max Allowed Drawdown.
- Risk Management Settings: Configure maximum spread, Friday Stop Hour, SetSL_TP_After_Entry, and Use Virtual Expiration for risk control.
- Lotsize Management: Choose lotsize calculation method, set StartLots for fixed lotsize, and define Max Allowed Drawdown. Additional options include Max Daily Drawdown, and using Equity instead of Balance for calculations.
The Gold Reaper v1.20 EA Features
- Platform Compatibility: Meta Trader 4 (MT4)
- Recommended Trading Pair: XAUUSD
- Timeframe: 15M
- Automated: Trade frequency and lot size determined automatically.
- Safe Approach: No grid, martingale strategies used.
- Prop Firm-Friendly: $300 minimum balance.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.
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