Gold Reaper EA (download link)

Welcome to The Gold Reaper MT4, one of the most powerful trading platforms available to beginners in the world of forex trading. In this beginner’s guide, we will walk you through the basics of using The Gold Reaper MT4 and help you unleash its full potential in your trading journey.

Before you begin using The Gold Reaper MT4, you will need to download and install the platform on your computer or mobile device. Once you have installed the platform, you can create an account and log in to start trading.

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One of the key features of The Gold Reaper MT4 is its user-friendly interface, which allows beginners to easily navigate the platform and access all the tools and resources they need to succeed in forex trading. The platform also offers a wide range of technical indicators and trading tools to help you make informed trading decisions.

Once you have logged in to The Gold Reaper MT4, you can start trading by selecting a currency pair to trade and opening a new trade. You can use the platform’s charting tools to analyze price movements and trends and use technical indicators to help you predict future price movements.

The Gold Reaper MT4 also offers a range of order types, including market orders, pending orders, and stop orders, to help you execute your trades with precision and accuracy. You can also set up alerts and notifications to keep track of your trades and stay informed about market news and events that could impact your trading decisions.

As a beginner trader, it is important to manage your trades carefully to minimize risks and maximize profits. The Gold Reaper MT4 offers a range of risk management tools, including stop-loss and take-profit orders, to help you manage your trades effectively.

  Volatility Factor EA – [Cost $347]

You can also use the platform’s trade history feature to review your past trades and analyze your performance over time. This can help you identify areas where you can improve and develop a more effective trading strategy.

This EA is based on the successful Goldtrade Pro and runs on multiple timeframes. It uses multiple confirmation algorithms to find the best entry price and spreads risk by running multiple strategies internally. The system trades breakouts of important support and resistance levels, making it ideal for volatile pairs like gold.

The EA automatically adapts the trade frequency and lot size based on your account size and maximum allowed drawdown. Backtests show stable growth with controlled drawdowns and fast recoveries. 

Running both Gold Trade Pro and this EA together results in a stronger growth and the maximum drawdown stays about the same or even goes down in some setups.

Key Features:

  1. Easy to use.
  2. No grid, no Martingale, no risky risk management.
  3. Good results over the full historical data for XAUUSD.
  4. Minimum account balance: $300.

Parameters:

  1. ShowInfoPanel.
  2. Trade Frequency.
  3. Maximum allowed spread.
  4. Friday Stop Hour.
  5. Randomization.
  6. Lot size Calculation Method.
  7. Max Allowed Drawdown.
  8. Set Max Daily Drawdown.
  9. Use Equity instead of Balance.
  10. OnlyUp.

Conclusion

In conclusion, The Gold Reaper MT4 is a powerful trading platform that offers beginners a user-friendly interface, a wide range of technical indicators and trading tools, and robust risk management features to help them succeed in forex trading. By following this beginner’s guide and mastering the basics of using The Gold Reaper MT4, you can unleash its full potential and take your trading to the next level.

FAQs

Q: Is The Gold Reaper MT4 free to use?

A: Yes, The Gold Reaper MT4 is free to download and use. However, there may be fees associated with trading on the platform, such as spreads and commissions.

Q: Can I trade on The Gold Reaper MT4 using a mobile device?

A: Yes, The Gold Reaper MT4 is available on both desktop and mobile devices, allowing you to trade on the go.

Q: Are there any educational resources available to help me learn how to use The Gold Reaper MT4?

A: Yes, The Gold Reaper MT4 offers a range of educational resources, including tutorials, webinars, and demo accounts, to help beginners learn how to use the platform effectively.

Recommended Broker
Trade with a Trusted Global Broker ⫸ XM

  • Platform: Metatrader4, Metatrader5, C Trader
  • Currency pairs: NZDUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, GBPCHF, XAUUSD (GOLD), BTCUSD (BITCOIN)
  • Trading Time: Around the clock
  • Timeframe: M5, M10, M15, M30, 1H, 4H, 1D, 1W
  • Minimum deposit: $100
  • Recommended dealer: XM

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