Reaper Robot Review 2021
Hello! Welcome back to our best ea forex blog. You may have noticed that last time we posted our Forex Trend Detector review. For today’s post, we will be doing a Reaper Robot review. And as we always do, we will study and analyze the bot’s most important features, trading strategy, reviews, prices and we will discuss whether it is a wise investment for your Forex account or not. So please keep reading this article to the very end to find all the detailed information you need to know before purchasing this robot.
What is Reaper Forex EA?
Reaper Forex EA is a robot made for working on the Forex trading market automatically. This EA was made to work 100% on its own, so you don’t have to spend countless hours of your day sitting on your laptop studying the changes in the ever-changing Forex market. But, as always, you can customize it to your liking. So it will match better with your trading strategy and resources available.
This bot trades with all currency pairs available in the market. So this is good news for the more experienced traders that work with many of them at the same time. And, just like hundreds of other robots, this EA requires the MetaTrader 4 platform, which is free to download online. And, you can trade with this bot on a Demo account, just in case you would like to see the overall performance before purchasing it officially.
The company behind the creation of this EA is the famous ForexRobotTrader that has been working with these bots for a very long time now as they have tons of different forex robots available on their website.
Reaper Forex EA Features
• 100% automated trading.
• Trades on all currency pairs available.
• It trades on any account size.
• You can use it alongside with other Forex EAs.
• Demo account available.
• The average trade size is large.
• Quantity of trades per month is low.
• The average trade length takes days to close.
• Finds the best price breakout.
• Stop-loss technology to secure profits.
Who is behind Reaper Forex EA?
Thankfully, in this Reaper Robot review, we found actual information provided by the vendor on their official site. So far we could see the bots were made by the developer Don Steinitz. But, sadly he passed away a while ago. So it’s unclear who are the new owners behind this company because we found the information about this passing online. And you can´t find any of that information online on their website.
In this business, we all know one of the most important keys to achieving success is by being trustworthy. So, they must fix it as soon as they can. Because we are sure many traders might not feel safe giving their money to a company they know nothing about.
Reaper Forex EA Trading Strategy
In this section of our Reaper Forex EA review, we will study and analyze the overall performance while trading of this bot. So as it is stated on the official website of the vendor, this robot will change the way you trade. But why? Well, it is 100% automated, so there is no need for actual human contact whatsoever. And it trades on its own 24 hours a day for 5 days a week.
Also, as we mentioned above, this bot trades with all major currencies available like GBPCAD, EURAUD, EURGBP, CHFJPY, GBPNZD, EURSGD, NZDUSD, NZDJPY, EURCHF, AUDCHF, GBPAUD, USDJPY, NZDUSD, AUDUSD, USDCAD, EURUSD, GBPUSD, SGDJPY, and CADCHF.
Apart from this, the primary strategy implemented in this bot is about trading daily price breakouts to find explosive trades. But what does that even mean? You may wonder. Basically what it means is the EA takes some time to analyze the market to find open trades that provide large returns. And, your money will always be safe with the stop-loss feature integrated. Sounds quite amazing right?
Although, we could find a big downside that makes a lot of traders think this EA might be a scam. And it is that the chart results provided by the developers are not verified by any third party website. They are only screenshots that can be easily manipulated by them. But who knows, there are many mixed reviews from clients about the way they feel after purchasing this robot.
Reaper Forex EA Packages/Prices
For our, Reaper Robot review our team compiled all information available about the prices and packages that you can choose from to buy this robot.
At the moment there is only 1 offer on the sales page of the official ForexRobotTrader website. So this might be very convenient for new traders who are just looking for a simple bot to start in this business. And, there is currently a huge discount. So, if you buy this EA you get 50% off your purchase!
• Normal price: USD 199. Now only USD 99.
• For the payment it can be with a Credit Card or a PayPal account.
• You get a free robot provided by the vendor with the purchase.
Reaper Forex EA Pros & Cons
• Trades on all currency pairs available.
• Affordable price.
• It doesn’t need a minimum deposit to start trading.
• Good strategy insight.
• Free EA with purchase.
• The trading results are not verified by any third party sites.
• No money-back guarantee.
• TimeFrame is not specified.
• Clients have mixed reviews about the performance of the EA.
Conclusions Reaper Robot Review 2021
So far, we must say we are happy with all the information we could find about this robot, both Online and on the official sales page. But, there are also a few downsides that one must keep in mind just in case you want to make this investment to grow your forex account.
So, if you feel like all the features and the trading strategy this bot implements are beneficial to your business plan, you should go for it. Also, a great feature it comes with is the possibility of trading with all major currencies in the market. There are other good robots also. You can read our latest Forex Gump EA review for more info.
Overall we do recommend it because you get a lot of benefits with one purchase alone. And it comes with an incredible price too.
Don’t forget to let us know what are your thoughts too!