Medium RiskMT5Prop FirmGoldMulti-TFLow FrequencyMedium RiskSwing
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AI Summary
Gold Reaper is a breakout-focused EA for XAUUSD that adapts trade frequency and lot sizes automatically based on account size and risk tolerance. It uses multiple confirmation algorithms and operates across multiple timeframes with built-in stop losses and trailing features.
Gold trading involves high volatility and requires substantial capital. Users report minimum $2500-3000 needed despite $300 claimed minimum.
Pros
- Automatic risk management with configurable drawdown limits
- No grid or martingale strategies - uses proper risk management
- Multi-timeframe operation with multiple internal strategies
- Strong historical backtesting results on XAUUSD
Cons
- Gold-specific EA limits diversification opportunities
- Requires higher minimum capital ($2500-3000 recommended)
- Lower trade frequency may not suit active traders
Requirements & recommendations
Min deposit$500
Broker typeECN
VPSRequired
TimeframesH1, M5, M30, H4, W1, M15
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Strategy explanation
Trades breakouts of key support and resistance levels on XAUUSD using multiple confirmation algorithms, with automatic position sizing based on account balance and maximum drawdown settings.