The Gold Reaper EA V1.91 MT4
Overview
The Gold Reaper EA V1.91 is a powerful trading tool designed for MetaTrader 4 (MT4). Developed by Profalgo Limited, this EA combines professional trading features with advanced risk management. Here’s what you need to know:
- Trading Instrument: Gold (XAUUSD)
- Risk Management: The EA avoids risky strategies like Martingale or Grid.
- Multiple Timeframes: It can run on multiple timeframes simultaneously.
- Trade Frequency: You can adjust the trade frequency from conservative to extremely volatile.
Trading Strategy
The Gold Reaper EA uses a robust strategy based on breakouts of important support and resistance levels. Here’s how it works:
- Entry Points: The EA identifies key support and resistance zones.
- Confirmation Algorithms: Multiple confirmation algorithms help find optimal entry prices.
- Risk Control: Each trade has a stop loss (SL) and take profit (TP). Trailing stop loss and trailing take profit are also used to manage risk.
Recommended Settings
- Minimum Deposit: Start with a minimum account balance of $300.
- Backtesting: Run backtests on XAUUSD using default settings or adjust the maximum allowed drawdown to your preference.
- Trade Frequency: The EA adapts automatically based on your account size and drawdown settings.
Available Pairs
The Gold Reaper EA focuses exclusively on XAUUSD (Gold).
Get Started
- Install the EA on your MT4 chart.
- Set your preferred maximum allowed drawdown.
- Let the EA determine trade frequency and lot size automatically.
You can check more on –
Download and Installation
You can download the The Gold Reaper EA V1.90 from the official website: Follow these steps:
- Visit the download page https://www.fxcracked.org/product/the-gold-reaper-ea-v1-91/
Visit our website https://www.fxcracked.org/ for additional resources and insights.
Contact: @yoforexpremium
😎💫Happy Trading💫😎
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