The Reaper EA V 6.6 + SETS MT4
The Reaper EA V 6.6 + SETS MT4
The Reaper EA is a night scalper that will trade reversal on the nightly ranges for multiple currency pairs.
The EA is very advanced and uses a lot of filters and safety measures.
Please read the blog after purchase:
Recommended pairs: GBPUSD;GBPCAD;GBPAUD;EURAUD;USDCAD;USDCHF;AUDCAD;EURCAD;
Other optimized pairs: EURUSD;EURGBP;AUDJPY;GBPCHF;AUDUSD;EURCHF;
Quick setup: Run EA on EURUSD M5 chart, and enable the OneChartSetup.
How to set up the EA:
Please read the blog first
Run on M5 only. Run on all pairs a seperate chart OR run all pairs from 1 chart using the OneChartSetup
I would recommend using "LotsizeStep" as AutolotMode. (Automatic money management)
LotsizeStep values-> Low risk: 500; Medium Risk: 250; High Risk: 150
It is recommended to run the EA on a low spread ECN broker.
Minimum recommended accountsize: 250 $ for running all 14 pairs, but you could run only a few pairs on 100 $ as well.
Key features:
- News filter -> prevent trading during high impact news events
- Individual Performance Monitor: Each pair will automatically have it's risk reduced if it is not performing well, and reset to normal if it is again profitable.
- Correlation filter -> prevent too much exposure for the same currencies
- Swap filter -> prevent trading during high swap-cost days
- This EA does not use risky trading techniques like martingale, grid without stoploss, etc..
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