The Reaper EA MT4 V1.99 (Work on Build 1421+) | Forex Robot | MT4 Expert Advisor

The Reaper EA MT4 V1.99 is a sophisticated night scalper designed for MetaTrader 4. It specializes in trading reversals during nightly ranges across multiple currency pairs. The EA employs an array of filters and safety measures to enhance performance. Key features include a news filter to avoid trading during high-impact news events, individual performance monitoring, correlation filtering, and swap filtering. It does not employ risky techniques like martingale or grid trading without stop loss. Recommended pairs include GBPUSD, GBPCAD, GBPAUD, EURAUD, USDCAD, and USDCHF. 

Overview

• The Reaper EA is a night scalper designed to trade reversals during nightly ranges for multiple currency pairs.
• It employs advanced filters and safety measures to enhance performance and minimize risk.
• Recommended pairs: GBPUSD, GBPCAD, GBPAUD, EURAUD, USDCAD, USDCHF.
• Other optimized pairs: EURUSD, EURGBP, AUDJPY, GBPCHF, AUDUSD, EURCHF.

Key Features

1. News Filter:

• Prevents trading during high-impact news events.

1. Individual Performance Monitor:

• Automatically adjusts risk for each pair based on performance.
• Reduces risk for underperforming pairs and resets to normal when profitable.

1. Correlation Filter:

• Limits exposure to the same currencies.

1. Swap Filter:

• Avoids trading during high swap-cost days.

Strategy

• Timeframe: M5 (5-minute chart).
• Pairs: GBPUSD, GBPCAD, GBPAUD, EURAUD, USDCAD, USDCHF.
• Quick Setup:
• Run the EA on EURUSD M5 chart.
• Enable the OneChartSetup feature.
• LotsizeStep (AutolotMode):
• Low risk: 500
• Medium risk: 250
• High risk: 150
• Recommended Account Size:
• Minimum: $250 for running all 14 pairs.
• You can run a few pairs on $100 as well.
• Broker Recommendation:
• Use a low spread ECN broker for optimal results.

What’s in the package?

• Experts : The Reaper MT4 EA v1.99 fix_1420.ex4

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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The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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