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- Forex Robot Review
- Metatrader 4
- Experts
- The Reaper EA
Profit:
-7.76$
Traders:
64
(42/22)
Most Profit Trade:
23.69$
Most Loss Trade:
-45.13$
Profit Factor:
0.54
Average Loss:
-11.02$
Overview
Introduction
The Reaper EA is an advanced Forex software designed specifically for night scalping in the Forex market. This powerful automated trading system is equipped with various filters and safety measures to ensure optimal performance and minimize risks. In this review, we will explore the key features and benefits of using the Reaper EA for your trading needs.
Key Features
1. Night Scalping Strategy
The Reaper EA specializes in trading reversals during the nightly ranges of multiple currency pairs. By capitalizing on these market movements, it aims to generate profits for traders who prefer night scalping strategies.
2. Advanced Filters and Safety Measures
The Reaper EA utilizes a range of filters and safety measures to enhance its trading performance. These include a news filter to avoid trading during high-impact news events, an individual performance monitor to automatically adjust risk based on each pair’s performance, a correlation filter to prevent excessive exposure to the same currencies, and a swap filter to avoid trading during high swap-cost days. With these features in place, the Reaper EA aims to provide a safer trading experience.
3. Easy Setup and Optimization
Setting up the Reaper EA is quick and straightforward. It is recommended to run the EA on the EURUSD M5 chart and enable the OneChartSetup feature. Additionally, the EA offers a lot size step option for automatic money management, allowing traders to choose their preferred risk level. It is also advised to run the EA on a low spread ECN broker for optimal results.
4. Verified Performance
The Reaper EA has undergone rigorous testing and verification to ensure its performance and reliability. Independent testing of this product can be found on the forexroboteasy.com website, where users can watch the results of the testing. Traders can rely on these verified performance results to make informed decisions about using the Reaper EA for their trading activities.
FAQ
Q: Which currency pairs are recommended for trading with the Reaper EA?
A: The recommended pairs for trading with the Reaper EA are GBPUSD, GBPCAD, GBPAUD, EURAUD, USDCAD, USDCHF, AUDCAD, and EURCAD. Other pairs that have been optimized for the EA include EURUSD, EURGBP, AUDJPY, GBPCHF, AUDUSD, and EURCHF.
Q: What is the minimum account size recommended for running all 14 pairs?
A: The minimum recommended account size for running all 14 pairs is $250. However, it is possible to run only a few pairs on an account with a minimum balance of $100 as well.
Q: Does the Reaper EA use risky trading techniques like martingale or grid without stop loss?
A: No, the Reaper EA does not employ risky trading techniques such as martingale or grid without stop loss. It focuses on a night scalping strategy with advanced filters and safety measures to ensure a more secure trading experience.
Conclusion
The Reaper EA is an advanced Forex software designed for night scalping in the Forex market. With its advanced filters, safety measures, and verified performance, it offers traders a reliable and efficient trading solution. Whether you’re a seasoned trader or just starting out, the Reaper EA can be a valuable tool in your trading arsenal. Share your experience with the Reaper EA and discover the benefits of this independent Forex software for yourself.
EASY Scalperology Bot
Update: 8 Nov 2024
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
-0.51%
AVG Daily:
0$
Deposit:
1400$
WithDrawal:
0$
Current Balance:
1392.85$
Profit:
-7.15$
Trading Conditions by The Reaper EA
Leverage:
100
Account type:
Live
Profitable by The Reaper EA
Profit:
-0.6%
AVG Daily:
0$
Deposit:
1293.6$
WithDrawal:
0$
Current Balance:
1285.84$
Profit:
-7.76$
The Reaper EA Review: Advanced Forex Software for Night Scalping
forexroboteasy.com
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Admin Admin
1 review
Ultimate Review: 'The Reaper EA' - Best Forex Trader Software?
One of the main issues I've encountered is the software's approach to stop losses and take profits. The Reaper EA seems to be designed with a preference for large stop losses and minuscule take profits. This strategy, in my experience, is a surefire way to incur losses. The numerous trades it executes do little to mitigate this issue, as the potential gains from these trades are often overshadowed by the losses incurred from the large stop losses. Furthermore, I've noticed that the software doesn't seem to take into account certain key factors that can significantly affect trading outcomes. Slippage, spread, and swaps appear to be overlooked by the software. These elements are crucial in forex trading and their omission from the software's calculations can lead to inaccurate results and potential losses. The lack of consideration for these factors suggests a lack of depth in the software's trading algorithm. A more comprehensive approach that takes into account all relevant factors would likely yield better results. As it stands, the software's current approach leaves much to be desired. In conclusion, while the Reaper EA may have some redeeming qualities, its shortcomings in key areas make it a less than ideal choice for serious forex trading. The large stop losses, small take profits, and the apparent disregard for slippage, spread, and swaps make it a risky proposition. I would advise potential users to approach with caution and consider other, more reliable forex trading software options.