This blog will provide the necessary information to run the Reaper EA as intended.

Information will be added as more recurring questions will become clear.

2 sets are attached to this blog:

– OneChartSetup for MT4  using high risk (lotsizeStep=100)

– OneChartSetup for MT5 using high risk (lotsizeStep=100)

Those are basically the settings that I use on my signals on MQL5.

If you use them, you can simply run them on 1 EURUSD M5 chart and the EA will run all pairs from that 1 chart with autolotsize.

Only make sure you fill in the suffix if your broker uses one (more details about suffix below)

The Reaper is a night scalper, which means it will trade from 1 hour before rollover time, till 1 hour after rollover time.

For most brokers (that use GMT+2 in winter and GMT+3 in summer) that means from 23h till 1h

The EA has an infopanel, which shows WHEN the EA will start trading (“Time To Start”).  Make sure that this hour corresponds with 1 hour before rollover.

So if your broker’s rollover is at 0:00, the Time To Start should be “23:00” from monday till thursday.  For friday, it will always be 1 hour later (so “0:00”) because we don’t trade the hour before the weekend starts.

If your  broker uses GMT-0 for example, rollover will be at 21h, and Time To Start should be “20:00” in the infopanel.

If your Time To Start is incorrect, either your autoGMT is not working correctly because of a wrongly set up time on the VPS, or you manual GMT settings are incorrect.

Here is a post to make sure your VPS time is set correctly for autoGMT to work like it should: https://www.mql5.com/en/market/product/68713#!tab=comments&page=3&comment=23427149

PLEASE NOTE:During the weekend, the Marketwatch window will simply display the hour of friday closing time, and the “Time To Start” will not show correctly.  don’t worry about that as it will adjust as soon as markets open.

ALSO NOTE:  for backtesting, AutoGMT will NOT work, and you must adjust the Winter/Summer GMT Offset parameters according to your broker’s pricefeed.

To check your broker’s rollover time, simply go to your marketwatch, right click the EURUSD symbol and select “specification”.  Then scroll all the way down in the specification window and seen when Rollover start:

for example: a broker using rollover at 00:00

Parameter list:

– ShowInfoPanel: enable the information panel on the chart

– Adjustment for InfoPanel size: for 4K screens, use value “2” to correctly display infopanel

– Update infopanel during testing: disabled will run backtests faster

– comment: comment of the trades

– OneChartSetup: enable the OneChartSetup (run all optimized pairs from 1 single chart)

– OneChartSetup_Pairs: pairs to run (only optimized pairs can be used here)

– suffix: the suffix used by your broker must be filled in here when using the OneChartSetup (for example: EURUSD.m -> suffix is .m

– Mode B: enable mode B (recommended).  This will make the EA more strict in entries, and bigger exit TP levels.  Overal this performs best on most brokers

– Magicnumber: the magicnumber used by the EA.  this can be the same for all pairs

– Max spread allowed before settings trade: the maximum spread allowed before entering a trade

– spread at which pending orders are deleted: self explanatory

– Trade at Weekly Market open: when enabled, the EA will also trade the first hour when market opens after the weekend.

– Minimum minutes between 2 consecutive trades in same direction: this is to prevent multiple faulty trades opened fast after each other

– Use Market Orders for Entry: by default the EA will use “Limitorders”, but some brokers don’t like the multiple opening and modification of pending orders.  You can use this option if your broker starts giving your warnings about that.

– Use Virtual TP for exit: instead of using a hard TP which is modified, you can also use this option if the hard TP modifications is making your  broker nervous

– Skip trading on Triple Swap: this will disable trading before the triple swap (usually wednesday night).  I personally don’t use this option

– Maximum SwapCost allowed (in points): (value “0” means disabled).  Here you can set a value of the maximum swapcost (in points, for example “-5”) that you want to allow before setting a trade.

– Use Slippage control on Market orders: when not using the Limitorders, there will be more slippage on entry.  This will try to help the EA deal with that slippage

– Maximum attemps to set/Modify orders: this will set the number or attempts that the ea will do when a order failed to be set or modified for some reason.  A too high number might cause an “overly active” account for your broker

– Autolotsmode: here you can choose if you want to use a fixed lotsize (StartLots), or use the LotsizeStep, or use the Risk Per Trade (LotsizeStep is recommended-

– StartLots: the lotsize used for fixed lotsize

– Risk Per Trade: the risk per trade in %.  Lotsize will then be based on SL of the pair and the risk chosen

– LotsizeStep: the EA will use X lots per Y balance.  for example: LotsizeStep=100 means the EA will use 0.01lots per 100 of balance.  so on 500 balance, it will be 0.05lots.  Keep in mind that these values need to be adjusted to your base currency!  So when running on JPY account, you can not use value 100, since that would be much too high in lotsize!

– OnlyUp: this will force the EA to only increase lotsize after profits, but not reduce lotsize after losses (for faster recovery). Example: if you use LotsizeStep=100, the EA will use 0.01lots per 100 of balance. so if you balance is 500, it will use 0.05 lots. It the balance grows to 1000, the lotsize is 0.1lots. If balance then declines back to 700, the lotsize will remain 0.1lots if OnlyUp is true

– AutoGMT: this will make the EA automatically calculate your broker’s GMT settings. (your VPS time must be set correctly for this to work)

– GMT offset Winter: when AutoGMT is disabled, set this value to the winter GMT offset of your broker

– GMT offset Summer:  when AutoGMT is disabled, set this value to the summer GMT offset of your broker

– Use Rollover Filter: this will enable/disable the rollover filter

– Open order during Rollover: enable opening of trading during the rollover period

– Close orders during Rollover: enable the (virtual) closing of trades during rollover period (hard TP will still be triggered)

– Rollover start time: time when rollover starts (always based on GMT+2 winter and GMT+3 summer so your do NOT need to adjust to your broker’s GMT)

– Rollover end time: time when rollover ends (always based on GMT+2 winter and GMT+3 summer so your do NOT need to adjust to your broker’s GMT)

How to set up the EA: