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ETH Reaper (MT4) — review, price and free alternatives
MT4 expert advisor$90 on MQL5by Andreas Smigadis
ETH Reaper is a MetaTrader 4 expert advisor by Andreas Smigadis, sold on the MQL5 Market for $90. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
ETH Reaper — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Instrument named in the listing
- ETH/USD (ether)
- Developer
- Andreas Smigadis
- Price
- $90
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded ETH Reaper on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Overview ETH Reaper is an Expert Advisor for MetaTrader 4 designed for ETHUSD-type symbols.
Before you buy ETH Reaper
What the developer claims
- It evaluates signals on new bars and combines a Stochastic crossover with a Bulls Power filter for entries.
- Position management includes Stop Loss, Take Profit, and an optional trailing stop when Stop Loss is enabled.
- Additional protections are available for spread, exposure limits, daily limits, and account-level safeguards.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on ETH Reaper
Compiled from its public MQL5 listing. FxRobotEasy has not traded ETH Reaper; what these notes say about how it works comes from that listing.
Overview
ETH Reaper is unique in its combination of a Stochastic crossover trigger with a Bulls Power momentum filter, which reduces noise on volatile crypto bars and concentrates signals around trend-following opportunities.
The algorithm scans for crossovers only on new bars, which reduces intra-bar noise and helps ensure deterministic backtests. Position management is straightforward: fixed stop loss, fixed take profit, and an optional trailing stop when stop loss is enabled. Additional protections include spread thresholds, exposure caps, daily loss limits, and an adjustable News Filter to pause new entries around selected events. Andreas Smigadis programmed the EA with conservative defaults but exposed key parameters for experienced users to tune in MT4.
Market conditions best suited to ETH Reaper are moderately trending ETHUSD sessions with clear momentum and lower spread environments.
Risk notes
ETH Reaper presents a moderate risk profile when used with default settings and conservative position sizing. Stop loss strategy is fixed per trade and intended to be enabled for robust risk control; trailing stop is optional and recommended only after validating with demo forward testing. Vulnerabilities include extreme intraday volatility, widening spreads during illiquid sessions, and major news events if the News Filter is disabled. Recommended minimum account size is $1,000 for smaller lot sizes, with $3,000 to $5,000 preferable for steady scaling and drawdown resilience.
Listed strengths
- Clear indicator combination reduces false signals
- Built-in news filter limits entries around events
- Exposed parameters for custom risk management
- Designed specifically for ETHUSD-type symbols
- Modest account requirements for initial testing
Worth checking
- Single-symbol focus limits diversification options
- Performance sensitive to spread and execution quality
- Requires tuning for different volatility regimes
- Trailing stop optionality may require manual oversight
Setup
Install ETH Reaper by copying the EA file into the MT4 Experts folder and restarting the platform. Attach the EA to an ETHUSD chart and enable automated trading in MT4 to start. Key parameters to configure include risk per trade, stop loss and take profit levels, trailing stop activation, spread limit, and daily loss limit. Use ECN or STP brokers with tight ETHUSD spreads and reliable execution. Optimal chart timeframes are H1 or M30 for balanced signal frequency. Begin with backtests, then forward test on a demo account for at least 60 days before deploying live.
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ETH Reaper or Breakopedia AI?
| ETH Reaper | Breakopedia AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($90) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Andreas Smigadis | FxRobotEasy |
ETH Reaper — questions
What is ETH Reaper?
ETH Reaper is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Andreas Smigadis, priced at $90 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does ETH Reaper use?
The algorithm scans for crossovers only on new bars, which reduces intra-bar noise and helps ensure deterministic backtests. Position management is straightforward: fixed stop loss, fixed take profit, and an optional trailing stop when stop loss is enabled. Additional protections include spread thresholds, exposure caps, daily loss limits, and an adjustable News Filter to pause new entries around selected events. Andreas Smigadis programmed the EA with conservative defaults but exposed key parameters for experienced users to tune in MT4.
Does ETH Reaper work on MT4 or MT5?
ETH Reaper runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does ETH Reaper cost?
ETH Reaper is a paid product listed at $90 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-31. It is sold and downloaded through the developer's (Andreas Smigadis) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for ETH Reaper?
FxRobotEasy has not traded ETH Reaper on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for ETH Reaper elsewhere comes from its developer or from a third party.
How is ETH Reaper installed and set up?
Install ETH Reaper by copying the EA file into the MT4 Experts folder and restarting the platform. Attach the EA to an ETHUSD chart and enable automated trading in MT4 to start. Key parameters to configure include risk per trade, stop loss and take profit levels, trailing stop activation, spread limit, and daily loss limit. Use ECN or STP brokers with tight ETHUSD spreads and reliable execution. Optimal chart timeframes are H1 or M30 for balanced signal frequency. Begin with backtests, then forward test on a demo account for at least 60 days before deploying live.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.