Trading Robots for MetaTrader 5

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MetaTrader 5

MT5 Experts MT5 Indicators MT5 Libraries MT5 Utilities

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The Reaper EA MT5

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Information

Experts
MetaTrader 5
Profalgo Limited
7.3
10

Overview

NOTE: only recommended


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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