Gold Reaper Trading Robot (Free Download)
Transform your trading experience with the Gold Reaper Trading Robot. No risky management, proven results, and compatibility with prop firms.
Welcome to the Gold Reaper Trading Robot!
Are you ready to elevate your trading game? The Gold Reaper Trading Robot is here to transform your trading experience. Built on the immensely successful Gold Reaper Trading Robot, this Expert Advisor (EA) is designed to operate on multiple timeframes simultaneously. It offers flexibility, allowing you to set the trade frequency from very conservative to extremely volatile, catering to your trading style.
Key Features
- User-Friendly: Install on your chart and set your preferred maximum allowed drawdown. The EA will automatically determine trade frequency and lot size.
- No Risky Management: No grid or martingale strategies. It ensures safe and reliable trading.
- Proven Results: Demonstrates good results over the full historical data for XAUUSD.
- Prop Firm Compatibility: Easy to use for prop firms.
- Low Minimum Account Balance: Start with just $300.
What Makes the Gold Reaper Trading Robot Special?
The Gold Reaper Trading Robot stands out due to its advanced algorithms and strategic design. It uses multiple confirmation algorithms to find the best entry prices and employs various internal strategies to spread the risk. Each trade is protected with stop-loss and take-profit settings, along with trailing stop-loss and trailing take-profit to maximize potential and minimize risk.
This system builds on a popular and proven strategy: trading breakouts of important support and resistance levels. Gold, known for its high volatility, is particularly suitable for this approach. The EA auto-adjusts trade frequency and lot size based on your account size and your maximum allowed drawdown setting.
Robust Backtesting and Stress Testing
Backtests reveal a very stable growth curve with controlled drawdowns and quick recoveries. The Gold Reaper Trading Robot has undergone rigorous stress testing over the longest available period for Gold, using multiple price feeds from various brokers. It has shown remarkable resilience and consistent performance under various market conditions.
As a developer with over 15 years of experience in creating automated trading systems, I ensure that my systems are honest and have the highest probability of replicating backtest results in live trading. Unlike other EAs that boast of “neural network/machine learning AI/ChatGPT/Quantum computer/perfect straight line backtests,” this system is based on proven methodology and real-world execution.
Running Gold Reaper Trading Robot and Gold Trade Pro Together
For users of Gold Trade Pro, it’s worth noting that although both EAs run similar strategies on Gold, their correlation is low. Running both EAs together can result in much stronger growth while maintaining or even reducing the maximum drawdown in some setups. For guidance on setting up both EAs together, feel free to contact me via private message.
Getting Started with Gold Reaper Trading Robot
Installation and Setup
- Install on Chart: Add the EA to your chart.
- Set Your Preferences: Configure your preferred maximum allowed drawdown. The EA will automatically adjust trade frequency and lot size.
- Manual Adjustments: Optionally, you can manually set the trade frequency to see different results.
- Run on XAUUSD: This EA is optimized for XAUUSD, ensuring you get the best performance.
Parameters
- ShowInfoPanel: Display information on the chart.
- Adjustment for Infopanel size: Adjust for 4K displays.
- Update Infopanel during testing: Disable for faster backtesting.
- Trade Frequency: Choose from very conservative to extreme. Default is auto, which adjusts based on account balance and max drawdown.
- Maximum allowed spread: Set the maximum spread for pending orders.
- Friday Stop Hour: Avoid holding trades over the weekend.
- SetSL_TP_After_Entry: Enable if your broker doesn’t allow pending orders with SL and TP.
- Use Virtual Expiration: Enable if your broker doesn’t allow pending orders with an expiration date.
- Randomization: Randomize entries, exits, and trailing SL values for varied trades among multiple users.
- BaseMagicNumber: Set the base magic number for all strategies.
- Comment for trades: Add a comment to be used for trades.
- Lotsize Calculation Method: Choose between fixed lot size or based on max allowed drawdown.
- Startlots: Set the value for fixed lot size or minimum lot size for other methods.
- Max Allowed Drawdown: Set your preferred maximum drawdown in percentage.
- Set Max Daily Drawdown: Limit the maximum daily drawdown.
- Use Equity instead of Balance: Calculate lot sizes based on equity.
- OnlyUp: Prevents lot size decrease after losses for more aggressive but faster recovery.
Backtesting Gold Reaper Trading Robot
You can run backtests on XAUUSD using the default settings. Adjust the maximum allowed drawdown or trade frequency to observe different results. The timeframe of the chart doesn’t matter, allowing for flexibility in testing and trading strategies.
Conclusion
The Gold Reaper Trading Robot offers a powerful, user-friendly solution for trading Gold. Its advanced algorithms, robust backtesting, and stress testing make it a reliable tool for both novice and experienced traders. With easy setup and proven performance, this EA stands as a valuable addition to any trading arsenal. Download the Gold Reaper Trading Robot for free today and experience a new level of trading efficiency and success.
