The Gold Reaper EA V1.91 MT4: A Dynamic Gold Trading Robot
Overview
“The Gold Reaper EA V1.91 MT4” is an expert advisor (EA) specifically designed for trading XAUUSD (Gold) on the MetaTrader 4 (MT4) platform. Developed by Profalgo Limited, this robust trading system offers several key features:
- Adaptive Strategies: The EA runs on multiple timeframes simultaneously, adjusting its approach from conservative to extremely volatile.
- Confirmation Algorithms: It uses multiple confirmation algorithms to identify optimal entry points.
- Risk Management: Each trade includes stop loss (SL) and take profit (TP), along with trailing variants to minimize risk and maximize potential.
Trading Strategy
The Gold Reaper EA follows a proven strategy based on breakout trading around significant support and resistance levels. Here’s how it works:
- Entry Points: The EA identifies breakouts near key levels.
- Volatility: Gold’s inherent volatility makes it an ideal pair for this strategy.
- Auto Adaptation: Trade frequency and lot size adjust based on account balance and maximum allowed drawdown.
Recommended Settings
- Minimum Deposit: While there’s no strict minimum, a balance of at least $300 is recommended.
- Timeframe: The EA operates on any timeframe; its adaptability ensures effectiveness.
- Currency Pair: XAUUSD (Gold)
Backtesting
- Run backtests on XAUUSD using default settings or adjust the maximum allowed drawdown to your preference.
- Observe controlled drawdowns and stable growth over historical data.
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Download Links
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- Website: The Gold Reaper EA V1.91 Download
- Telegram Channel: YoForexRobot Telegram
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