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The Gold Reaper MT5

4.81

PROP FIRM READY! (download SETFILE)

LAUNCH PROMO:

  • Only a few copies left at current price!
  • Final price: 990$
  • Get 1 EA for free (for 2 trade accounts) -> contact me after purchase

Ultimate Combo Deal -> click here

JOIN PUBLIC GROUP: Click here



Welcome to the Gold Reaper!

Build on the very succesfull Goldtrade Pro, this EA has been designed to run on multiple timeframes at the same time, and has the option to set the trade frequency from very conservative to extreme volatile.

The EA uses multiple confirmation algorithms to find the best entry price and runs multiple strategies internally to spread the risk of the trades.

All trades have a stoploss and takeprofit, but also use a trailing stoploss and trailing takeprofit to minimize the risk, and  maximize the potential of each trade.

The system is build on the very popular and proven strategy: trading breakouts of important support and resistance levels.  

Gold is very suitable for this strategy, as it is a highly volatile pair.

The system auto adapts the trade frequency and lotsize based on your accountsize and your max allowed drawdown setting!


Backtests show a very stable growth curve, with very controlled drawdowns and fast recoveries. 

This EA has been stress tested for the longest available period for Gold, using multiple pricefeeds for various brokers, and nothing seems to be able to make it fail.

No "neural network/machine learning AI/ChatGPT/Quantum computer/perfect straight line backtests" sales-talk, but a real and honest trading system, based on proven methodology for development and live execution.

As a developer, I have +15 years of experience in creating automated trading systems.  I know what has the potential to work and what has not.  I create honest systems, with the highest probability of trading like the backtests without cheating.

NOTE TO GOLD TRADE PRO USERS:

Even though both EA's run similar strategies on Gold, the correlation between the two is actually very low. 

Running both EA's together even shows a much stronger growth and this while the maximum drawdown stays about the same or even goes down in some setups! (see screenshot)

For guidance regarding setup of running both together, please contact me in private message.


Key Features:

  • Very easy to use: install on chart, and set your prefered maximum allowed drawdown.  The EA will determine trade frequency and lotsize fully automatic 
  • No grid/No Martingale/No risky risk management
  • good results over the full historical data for XAUUSD
  • Easy to use for Prop Firms
  • Minimum account balance: 300$


Backtesting: 

Simply run on XAUUSD using default settings, or change the max allowed drawdown to your preference.  You can also change the trade frequency manually to see the different results. Timeframe of the chart doesn’t matter.


Setup:

Run on XAUUSD and set your trade frequency (automatic by default), and your prefered max allowed drawdown.

Or set the trade frequency manually to your preference.

Timeframe of the chart doesn’t matter.


Parameters:

  • ShowInfoPanel -> display the information panel on the chart 
  • Adjustment for Infopanel size -> in case of 4K display, set value to "2"
  • update infopanel during testing -> disabled for faster backtesting
  • Trade Frequency: allows you to use different setups from the EA, going from very conservative trading frequency to extreme trading frequency.  By default, it is set to "auto", which means it will use the account balance, and the Max Allowed Drawdown to determine the trade frequency.  When using "StartLots", you MUST set the trade frequency also manually!
  • Maximum allowed spread: maximum spread for pending orders to be allowed
  • Friday Stop Hour -> if you don't want trades to be hold over the weekend, set a value between 0 and 23. (25 means "disabled)
  • SetSL_TP_After_Entry -> enable only if your broker doesn't allow pending orders with SL and TP
  • Use Virtual Expiration -> enable only if your broker doesn't allow pending order with expiration date
  • Randomization -> this will randomize the entries, exits and TrailingSL values a bit, so that multiple users on the same broker, will have a bit different trades.  Also good for prop firms.  Good value is "50"
  • BaseMagicNumber -> the base magicnumber that will be used for all strategies
  • Comment for trades -> the comment to be used for the trades
  • Lotsize Calculation Method -> here you determine how the lotsize should be calculated: Fixed lotsize (Use StartLots), Or use the "Max Allowed Total Drawdown
  • Startlots -> set the value for fixed lotsize, when that option is chosen.  This parameter will be used as "minimum lotsize" when using any of the other 2 options for lotsize calculation
  • Max Allowed Drawdown -> The prefered maximum allowed total drawdown (in %).  The EA will then determine lotsize based on the historical max DD of the EA
  • Set Max Daily Drawdown -> Here you can set a maximum allowed daily drawdown (in %).  If it is reached, the EA would close all trades and pending orders, and wait for the next day.  This is usefull for prop firms
  • Use Equity instead of Balance -> use Equity of the account to calculate all lotsize values
  • OnlyUp -> this will prevent lotsize to decrease after losses (more aggressive but faster recovery after losses)


Reviews 20
yoshida3599
104
yoshida3599 2024.04.26 08:22 
 

Very Nice EA. Wim found interesting edge in Gold market. Gold Reaper employs Break out strategy, which is very effcetive at the Gold Market. I hope this strategy will be useful for long term.

SaglamGrp2
84
SaglamGrp2 2024.04.24 00:53 
 

Absolutely amazing. Used it together with Gold ProTrader. Passed my first Prop challenge. Mind Blown amazing!!!!

Andrii Soma
411
Andrii Soma 2024.04.23 14:14 
 

Great start! Made a half of the EA price in the 1st day (deposit $2500, risk intense).

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4.42 (73)
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Mansour Babasafary
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4.45 (11)
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Profalgo Limited
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yoshida3599
104
yoshida3599 2024.04.26 08:22 
 

Very Nice EA. Wim found interesting edge in Gold market. Gold Reaper employs Break out strategy, which is very effcetive at the Gold Market. I hope this strategy will be useful for long term.

SaglamGrp2
84
SaglamGrp2 2024.04.24 00:53 
 

Absolutely amazing. Used it together with Gold ProTrader. Passed my first Prop challenge. Mind Blown amazing!!!!

Andrii Soma
411
Andrii Soma 2024.04.23 14:14 
 

Great start! Made a half of the EA price in the 1st day (deposit $2500, risk intense).

MD
455
MD 2024.04.21 18:31 
 

Good EA, Good Developer

Jurgen Hess
121
Jurgen Hess 2024.04.19 17:56 
 

The Gold Reaper is an excellent EA. I have been using this EA live for 6 weeks now. And so far it showed very good results. From all the EAs I have purchased this is clearly the best! On top of this Wim, the developer, is very helpful and always quick in his responses. Also I feel Wim exactly knows what he is talking about and he is somebody you can trust. Thank you, Wim.

larspj3
273
larspj3 2024.04.19 06:58 
 

Have a few of Wims EAs but this one is the best so far, It doesn't relay on indicators, so I suspect the EA will still be profitable many years down the road because of this.

thibaut holbé
39
thibaut holbé 2024.04.12 16:44 
 

To be honest, it's difficult to find something bad to say about it! This time, I was really struggling with my manual trading and in 1 week, this EA has bring back all my losses! Top performance. Results so far: 10 trades -> 10 Win No martingale and no grid! A remarkable strategy that fit perfectly the expectation. Last but not least, Wim is always reachable and give a lot of good advices that are not only useful for using the EA but also to understand how the market works! I recommend 100%. Thanks Wim for your work and for your availability

X LAB
64
X LAB 2024.04.12 16:36 
 

THIS EA IS SIMPLY THE BEST OF THE BEST ! I still just can't believe how performing it is ! I don't have word to describe it, test it and you'll automatically fall in love with it !

Sebastian Schmidt
1184
Sebastian Schmidt 2024.04.06 17:11 
 

Really great EA, it has been running in the 100% real tick backtest with start 100€ at ICMarkets for the last 5 years stable and very profitable. The purchase was a really good decision, the EA is already working on my real account and I am very satisfied with The Gold Reaper MT5 Wim the programmer really knows his job and always responds very quickly to any questions. Kindly, I was allowed to choose another EA through the purchase of The Gold Reaper MT5 and ultimately opted for his Bitcoin Scalp Pro MT5. This EA is a real delight, it can also be easily optimized for other assets... So if you are looking for a solid and above all profitable EA, you will definitely find it here!!!

KyleFarman111
39
KyleFarman111 2024.04.05 20:41 
 

I have purchased around 30 Forex bots over the last 4 years and spent multiple 10s of thousands on FX trading algos. I have lost money with many of them and learned a lot. One thing that stood out to me about Wim Schrynemaker's bots like Gold Reaper, Gold Trade Pro, and Luna AI etc. is that he shows live signals of the actual trades. I backtested the bots and decided to purchase them and now I am running them all on a live account. In less than 2 weeks I am up over $2000 with the low risk setting on a live account with real cash on LQDFX and not a "prop firm". I bought the 6 bot promo package for $1100 and have made over double what I paid for the bots in the first 2 weeks of using them, this is the fastest I have ever made more profit than I paid for FX bots in my life. All 3 of the bots have generated profits thus far and more importantly to me the trades match the live signals that Wim posts for each bot. If you are tired of paying for bots that look good on back tests and do not perform when you trade them with real money, then check out Wim's bots because my trades match exactly what was advertised. I think Wim's bots are the best I have ever used and I am grateful that he is providing live signals that actually show the true results to expect with the bots. Thank you Wim for sharing these awesome profitable bots and I look forward to scale my accounts and profits with your bots! Truly, Kyle

Lydiamarie_
33
Lydiamarie_ 2024.04.02 17:05 
 

This is my first time using any form of EA, I've done very minimal trading I just know the basics. I've been using wim's combo deal for the past 2 weeks and my account is up by 20% on the lowest risk settings. Wim is really helpful and will answer any questions if you're in doubt. It has exceeded my expectations. Gold trade pro and gold reaper are unreal and way under priced in my opinion.

joeltje
24
joeltje 2024.04.02 17:01 
 

De Gold Reaper EA, gemaakt door Wim, is van onschatbare waarde gebleken bij mijn handelsinspanningen en heeft mijn investering binnen slechts zes weken bijna verdubbeld. Deze uitzonderlijke tool heeft niet alleen consequent de prestatieverwachtingen overtroffen, maar heeft ook een revolutie teweeggebracht in mijn handelsaanpak. Gezien de opmerkelijke resultaten en het aanzienlijke voordeel dat het biedt, is het mij duidelijk dat de prijs van de EA niet volledig de enorme waarde weerspiegelt die het met zich meebrengt.

Nathan FREHEL
21
Nathan FREHEL 2024.04.01 12:03 
 

Peut-on modifier la timeframe du bot de trading?

Profalgo Limited
61547
Reply from developer Wim Schrynemakers 2024.04.02 17:06
yes, but I recommend H1. But it shouldn't make any difference
Evgeny Mikhaylov
734
Evgeny Mikhaylov 2024.03.31 22:28 
 

5*

Rik Kock
43
Rik Kock 2024.03.28 19:43 
 

Was surprised by how good Wim's support was, something you don't see often in this space. This man got to have some kind of superpowers developing these strong EA's and yet also helping everyone all day long.

Profalgo Limited
61547
Reply from developer Wim Schrynemakers 2024.03.28 19:43
Super! Thx a lot!
Haohao Wang
834
Haohao Wang 2024.03.28 04:07 
 

Backtest showing stable profit! Want to test it on Demo Account! 还有8个激活,在中国北京的可以线下交易,其他地方的可以尝试线上交易,一个激活500人民币!WX: 13893295024

kcox
246
kcox 2024.03.16 11:00 
 

Great breakout EA with controlled drawdowns when market is ranging, and in profit overall. The author is indeed very experienced, knowledgeable and helpful too.

Ronald Freudenberg
324
Ronald Freudenberg 2024.03.15 23:39 
 

Hello I rented "The Gold Reaper MT5" for three months. I'm very happy with the EA so far. But I have one question: under what time setting does the EA run best?

Profalgo Limited
61547
Reply from developer Wim Schrynemakers 2024.03.16 08:21
Hi you can run on H1
Miguel Jimenez Cordero
6764
Miguel Jimenez Cordero 2024.03.12 08:28 
 

I wish to share with you my recent acquisition: Gold Reaper MT5, complemented by Gold Trade Pro as a bonus. Although it is still too early to draw conclusions about the results, I want to highlight the quality of service I have already experienced. Through the numerous positive feedback, it is clear that this experience stands out from other providers. Bravo!

Profalgo Limited
61547
Reply from developer Wim Schrynemakers 2024.03.12 08:54
Thx for the feedback! Much appreciated!
Dominic
154
Dominic 2024.03.08 18:03 
 

I have Gold Reaper for my MT4 and MT5 account and for me it is the best gold robot on the market. No dangerous strategy that blow up the account, but clear stop losses, take profits and very good trailing. The developer (Wim) is very helpful and helps immediately. Thanks for the good work and support.

Profalgo Limited
61547
Reply from developer Wim Schrynemakers 2024.03.11 17:10
thx!
123
Reply to review
Version 1.40 2024.03.26
added option to set balance to use manually
Version 1.30 2024.03.17
- improved Max Daily Drawdown algorithm
Version 1.22 2024.03.08
added support for HKD as account currency
Version 1.20 2024.02.19
fixed issue for brokers that use only 1 digit for gold symbol
Version 1.10 2024.02.05
fixed issue with accounts nominated in BTC and ETH