Rapid Reaper EA
Forward testing signals – https://www.mql5.com/en/signals/author/robots4forex
Features
- Fully automated
- Draw down risk control
- Always a stop loss in place
- Favours high margin accounts
- Hedge accounts only
- No Grids
- No Martingale
- All you need is a VPS
Input Settings
Order Settings
- MagicOrderNumber – Unique number for the EA to identify it’s trades – Any integer
- Lots – Starting lot – Values 0.01 to 1.00
- LotIncrease – Last trade lot addition – Values 0.01 to 1.00
- LotMultiplierPer – Starting lot increase per account balance – Values 1000 to 100000
- LotMultiplierPerMax – Limit for lot increase per account balance – Values 1000 to 100000
- LotMax – Maximum lot size for trades – Values 0.01 to 50.00
- BadDrawDownRecovery – Enable draw down recovery – TRUE/FALSE
- BadDrawDownRecoveryTrigger – The equity draw down percentage that triggers recovery to be active – 1 to 99
- BadDrawDownRecoveryResult – The equity draw down percentage that triggers closure of all positions – 1 to 100
- BadDrawDownRecoveryEquityGain – Gain of equity to close all positions – 1.1 to 2.0
- Slippage – Slippage in pips – Values 1 to 10
- AllowNewTrades – Turn this off to disable new trade groups – TRUE/FALSE
Entry Settings
- TimeFrame – Time frame drop down selection to lock EA to a time frame so that selection of the chart timeframe doesn’t affect the EA. When testing ensure the tester time frame is set to the same value.
- TimeFrameHigh – Higher Time frame drop down selection to lock EA trend identification to a time frame.
- MaxSpread – Maximum spread in pips that the EA will trade – Values 1.0 to 10.0
- TargetPips – The target gain in pips for groups of trades – Values 1 to 100
- StepPips – The minimum pips against a trade group before opening another position – Values 1 to 100
- StopLoss – Stop loss per trade in pips, this is only an emergency stop loss, should be set high – Values 500 to 2000
- TakeProfit – Can be left as a high figure, positions get take profit updated by the averaging system – Values 500 to 2000
- ExtraSpacingThreshold – Number of trades in a group to trigger increased position spacing – Values 10 to 1000
- ExtraSpacingMultiplier – StepPips multiplier when ExtraSpacingThreshold has been reached – Values 1.1 to 3.0
- CounterThreshold – Number of trades in a group to increase lots size in hedged positions – Values 5 to 1000
- CounterMultiplier – Hedged lot multiplier when CounterThreshold has been reached – Values 1.1 to 10.0
Optimisation & Defaults
Default input values are for GBPUSD M5. If optimising, optimisation of LotIncrease, LotMax, TargetPips, StepPips are needed to find the best results, and use ExtraSpacingThreshold, CounterThreshold and BadDrawDownRecovery to counter draw down.
