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The Gold Reaper MT5

599 USD

Demo downloaded: 13 029

Published: 1 February 2024

Current version: 3.3

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Overview
Reviews (80)
Comments (156)
What's new

The Gold Reaper MT5

4.29

Experts
Profalgo Limited
Version: 3.3
Updated: 11 January 2025
Activations: 10

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

New V2.2 Live Signal

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)
EnableNFP_Filter -> turn the NFP filter on or off
AutoGMT -> let the EA calculate the correct GMT offset for your broker, so that the time of NFP will be correct
GMT_OFFSET_Winter -> for setting the GMT Offset manually in the wintertime (when AutoGMT is off, or during backtesting!)
GMT_OFFSET_Summer -> for setting the GMT Offset manually in the summertime (when AutoGMT is off, or during backtesting!)
NFP_CloseOpenTrades -> force the EA to close all open trades when NFP starts (X minutes before NFP)
NFP_ClosePendingOrders -> force the EA to delete all pending orders when NFP starts (X minutes before NFP)
NFP_MinutesBefore -> how many minutes before the NFP event, to close trades and pending orders
NFP_MinutesAfter -> how many minutes after the NFP event, before the EA resumes trading again

IMPORTANT: For AUTO_GMT TO WORK -> you must add the URL "https : // www . worldtimeserver.com/" (remove spaces!!) to the "allowed URL's" in your MT4/MT5 terminal (tools -> options -> expert advisors)

more...

147

Daichi Matsuki 2025.04.01 06:31 #

My live results are in perfect agreement with the backtests. The developer is trustworthy. This EA is by far the best. You will understand how amazing this EA is if you continue to use it for a long time.

153

Sharif Hamwi 2024.12.16 01:40 #

The Gold Reaper Has been a great ea since day one and the author only keeps improving it to make it even better and better. Just wanna say thank you for all you hard work and honesty mate!!

Gravity Tool 2024.11.09 08:35 #

I have had the Gold Reaper as part of my portfolio for a few months now. It works as expected and the live results are in line with the backtests, which I think is a very important point. In some reviews here people complain about the drawdown period of the EA in the last few months. While it is true that the EA has not performed very well for a few months, it has been clearly positive since the product was released. So I don't understand some of the reviewers. This is trading. If you want a regular income, go and buy some bonds. That is fine, but you might miss the opportunity for higher income if you just stick to your trading strategy for the long term. And this is possible with the developers (Wim) EAs like this one as shown on several of his live accounts. He is very helpful and responsive to all my questions (and patient!). If some people report a 50% drawdown in a few months, I recommend to check risk management. Because that is up to the user, not the EA. Personally, I use several EAs in my portfolio, so a drawdown period for one EA would not dramatically affect my overall portfolio. For this setup I can also recommend Wim's other EAs because they are not highly correlated. To sum up: Great EA, great support, great evolution of the strategy, so a strong recommendation from me.

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The EUR/USD Multi-Strategy Trading Robot MT5 is an advanced tool designed to optimize trading by combining 3 key systems: daily trading, volume analysis, and Fibonacci retracement levels. This robot works by integrating these different approaches to create a more dynamic and adaptable strategy for trading the EUR/USD pair . EA adapts to different market conditions, this makes it an ideal solution for traders looking to enhance their trading strategy with a powerful, multi-faceted approach. By co

799 USD

The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S

699 USD

PrizmaL 270 in 1 EA A powerful tool for professional traders. Check out this blog post for details: Blog post This expert advisor features 270 unique strategies across 29 trading pairs. AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, XAUUSD. With a unique interface for selecting various settings, you can easily navigat

1 999 USD

Signal: Live AI Quant Price: The price increases based on the number of licenses sold. The starting price for this EA was $1089. Available copies: 10 Suitable for prop firm trading This is my most powerful EA, leveraging 10 uncorrelated entry signals. In essence, it combines the functionality of 10 EAs into one, making it exceptionally robust while minimizing drawdowns. (Drawdowns refer to the inevitable periods of losses experienced in any genuine trading strategy.) Strategies that claim to

1 121 USD

1 280 USD

Launch Promo: Limited number of copies available at current price Final price: 990$ NEW: get 1 EA for free! (for 2 trade accounts) Ultimate Combo Deal -> click here LIVE RESULTS: https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP: Click here Set Files Welcome to DayTrade Pro Algo! After years of studying the markets and programming different strategies, I have found an algorithm that has everything a good trading system needs: It is broker independent It is spread independent It

599 USD

LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ NEW: Buy Goldbot One and choose 1 EA for free!! (for 2 trade accounts) JOIN PUBLIC GROUP: Click here Ultimate Combo Deal -> click here LIVE SIGNAL Introducing Goldbot One , a highly sophisticated trading robot engineered for the gold market. With its focus on breakout trading, Goldbot One leverages both support and resistance levels to identify prime trading opportunities. This expert advisor is crafted for trade

549 USD

LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ NEW: Buy Goldbot One and choose 1 EA for free!! (for 2 trade accounts) JOIN PUBLIC GROUP: Click here Ultimate Combo Deal -> click here Introducing Goldbot One , a highly sophisticated trading robot engineered for the gold market. With its focus on breakout trading, Goldbot One leverages both support and resistance levels to identify prime trading opportunities. This expert advisor is crafted for traders who seek

549 USD

Welcome to Indicement! PROP FIRM READY! -> download set files here LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here LIVE SIGNAL INDICEMENT brings my 15 years of experience in creating professional trading algorithms to the Index markets. The EA uses a very well thought out algorithm to find the best entry price and runs multiple strategi

499 USD

LAUNCH PROMO: ONLY 34 9 $ instead of 990$! Only a few copies left at this promo price! Make sure to check out our " Ultimate EA combo package " in our promo blog ! JOIN PUBLIC GROUP: Click here Live results low risk Live results high risk Welcome to STABILITY PRO : One of the most advanced, stable, low risk grid systems on the market! This EA has been stress-tested over the full available history of the forex pairs that it uses. During these stress tests, the EA was profitable in every

499 USD

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 Live signal: https://www.mql5.com/en/signals/2084890 Live Signal high risk : https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP: Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strate

599 USD

499 USD

NEW PROMO: Only a few copies copies available at current price Final price: 999$ NEW: Choose 1 EA for free! (for 2 trade account numbers) Make sure to check out our " Ultimate EA combo package " in our promo blog ! LIVE SIGNAL Bitcoin Scalp Pro is a unique trading system on the market. It is fully focused on exploiting the volatility of the Bitcoin market by trading the breakouts of support and resistance levels. The focus of the EA lies on safety, which translates into extreme low drawdown

399 USD

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 New live signal: https://www.mql5.com/en/signals/2084890 Live Signal high risk : https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP: Click here Parameter overview Gold Trade Pro joins the club of Gold trading EA's, but with one big difference: this is a real trading strategy.

599 USD

NEW PROMO: Only a few copies copies available at current price! Final price: 999$ NEW: Choose 1 EA for free! (for 2 trade account numbers) Make sure to check out our " Ultimate EA combo package " in our promo blog ! LIVE SIGNAL Bitcoin Scalp Pro is a unique trading system on the market. It is fully focused on exploiting the volatility of the Bitcoin market by trading the breakouts of support and resistance levels. The focus of the EA lies on safety, which translates into extreme low drawdow

399 USD

599 USD

NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! Grid King is a revolution in grid trading. The main focus when developing the EA was safety, by eliminating the margin-call risk which is usually associated with most grid systems on the market. It also strives to achieve much higher returns than the average grid system, by spreading risk amongst multiple pairs and strategies which all have a li

249 USD

NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! Gecko runs a simple, yet very effective, proven strategy. It looks for important recent high and lows and will trade the breakouts. The actual execution of this strategy however, is what makes this EA truly shine. Entry calculations and exit algorithms are not only unique but also very advanced. LIVE RESULTS: https://www.mql5.com/en/signals/75

149 USD

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 New V2.2 Live Signal 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

599 USD

499 USD

NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Get 1 EA for free! Make sure to check out our " Ultimate EA combo package " in our promo blog ! Live results: https://www.mql5.com/en/signals/1872951 high risk account Introducing the latest addition to our line of forex trading robots - the Apex Trader . Developed using years of experience in creating expert advisors, Apex Trader is a powerful trading tool for the forex market. As a developer, I have dedicated a lo

499 USD

Launch promo: Only 1 copies available at 399$ Final price: 2000$ There will be only a limited number of copies sold of this EA Luna AI is a very advanced night scalper and one of the best you can find on the market. It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included in this EA. Since the EA is build upon existing technology that was developed over the years, the EA is very effective and has

399 USD

NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! Gecko runs a simple, yet very effective, proven strategy. It looks for important recent support and resistance levels and will trade the breakouts. This is a "real" trading system, which means it will use a SL to protect the account. It also means it will not use any dangerous techniques like martingale, grid or averaging down. The EA shows its

149 USD

499 USD

NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Recommended for HEDGING MT5 account types only! Since this kind of strategy works best with low spread and fast executi

129 USD

NIGHT OWL is a night scalper that trades during the most quiet times of the market. Markets tend to range in that period and the EA will trade those ranging movements. Each trade will have an initial stop loss and take profit, but the EA uses also advanced SL management algorithms that will evaluate the strength of the trades and close out early if necessary. The EA works on all pairs that have stable spread and quiet moves during the night. But it is programmed to also handle bigger spreads wit

125 USD

MORE THAN 4 YEARS OF LIVE TRADE RESULTS ALREADY -> https://www.mql5.com/en/signals/413850 NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Get 1 EA for free! Make sure to check out our " Ultimate EA combo package " in our promo blog !! READ SETUP GUIDE BEFORE RUNNING THE EA !! -> https://www.mql5.com/en/blogs/post/705899 Other Live results : https://www.mql5.com/en/signals/1931084 Advanced Scalper is a professional trading robot that has been in development for

499 USD

NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker. IMPORTANT F

129 USD

NOTE: only recommended for these pairs currently: EURGBP;GBPUSD;GBPCAD;USDCAD;USDCHF; NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! The Reaper EA is a night scalper that will trade reversal on the nightly ranges for multiple currency pairs. The EA is very advanced and uses a lot of filters and safety measures. Please read the blog after purchase: Recommended pairs: GBPUSD;GBPCAD;GBPAU

149 USD

NOTE: only recommended for these pairs currently: EURAUD;GBPAUD;GBPCHF;EURCHF;AUDCAD and AUDUSD NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! Live monitoring : https://www.mql5.com/en/signals/1422803 The Viper EA uses sharp and effective "mean reversion" entries during the ranging period of the trading sessions (between 23h and 1h GMT+2, US DST). These trades already have a very high su

149 USD

NOTE : Please run only on GBPCHF and GBPCAD for now NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Make sure to check out our " Ultimate EA combo package " in our promo blog ! STARLIGHT is a very advanced, low risk night scalper which uses a unique approach to the entry algorithm compared to other night scalpers. It was developed using years of experience in live trading with the mean-reverse strategy, and selected only the best pairs and techniques to be included i

149 USD

Little Trade Helper is a fine tool for manual traders. It can quickly draw trendlines and support/resistance lines that will help to identify good price levels for placing entries, or set SL/TP levels. This indicator will not provide any direct buy/sell signals or notification, but is purely meant for those traders that want to get a quick graphical help in finding important levels on the chart. When switching to another timeframe, the indicator will immediately adjust and re-calculate all le

35 USD

399 USD

499 USD

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Filter:

147

Daichi Matsuki 2025.04.01 06:31 #

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Sharif Hamwi 2024.12.16 01:40 #

The Gold Reaper Has been a great ea since day one and the author only keeps improving it to make it even better and better. Just wanna say thank you for all you hard work and honesty mate!!

Gravity Tool 2024.11.09 08:35 #

994kk 2024.10.30 23:43 #

I got the combo offer for the Gold Reaper and Gold Trade Pro. I started running them both in mid April on barebone stock settings. I set up a demo account with IC markets which is one of the developer's recommended brokers. Demo account with $1000 balance trading 0.01 lots. I did a backtest with $10000 from Jan 2021 to April 2024 also trading 0.01 lots. Backtest showed $1000 in profit over that period. I was underwhelmed by that but I thought in conjunciton with the other algo it will make some real money. On the demo account, the bot made 40% profit (+$400 on the initial $1000 balance) in about 2 weeks. I was impressed but decided to keep running it in demo as 2 weeks is too short of a period obviously. I saw some people leaving a review after running it for that much lol. Next time wait a bit more ;) For a month after the first two weeks nothing happened, the balance was slighly up and down but no major move. Then in month 2 things got hectic - the bot started losing, went down to $1200. Then it kept losing and on month 4 it got down to $800. That's almost a 50% drawdown. I decided to keep running it tho. Month 5 it got to $1200, then $1600. I thought maybe that's how it works so I kept running it. I actually forgot about it for a while. Then mid October which is exactly the 6 month mark I checked it again. It was at $900 from $1600. A bot that makes 30-45% drawdown swings every other month I can only call unreliable. The MyFXBook of the Gold Reaper also shows that same unreliability. True, it's an actual strategy rather than a martingale BUT I'm yet to see it make any consistent profit. Gold's been making all time highs since I started running this EA. If it's not making money now, when will it? I actually stopped it. I'm never giving it any real money. Not worth the risk. If I could, I would get a refund. Also prop firms - if you're thinking of using this EA on one - probably think again. Wim, no hard feelings mate. You give the impression of being a cool dude. Response time was always fast but I actually prefer a bot with 0 customer support that makes money over a fast response time for a bot which doesn't. Cheers.

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Reply from developer Wim Schrynemakers 2024.10.31 06:14 #

Thank you for the feedback.
While I agree on the fact that the last few months were tough, I believe in the longterm strength of the strategy. The EA has similar periods in the backtests, and has already proven that it can recover very quickly in a short time.
Also, I made various improvements to the EA, some of which have only recently been released. to see the effect of those improvements, we need a few months. I understand that most can not handle this type of longterm strategy, but I believe that in order to win in forex, it's the only way. I know this, because I've been doing this for +15 years and the only way I started to actually become profitable year after year, is by avoiding the nice straight line EA's, and using real systems only. they require a stronger stomach, but all I can guarantee that all the straight line EA's all end the same: margin call. Since you still have the bot and MQL5 does not offer refunds once a product has been used, I can highly recommend to keep running it on demo (live and demo results match almost 100%), so you can still evaluate the EA long term (check my live results by the end of the year as well..)
This EA has a lot in common with Goldtrade Pro regarding strategy. And Goldtrade Pro has already shown how it comes out of drawdowns blasting. And that one is still up 90% this year, despite several negative months this year. Gold Reaper will do the same

214

Nunthiwut Choosuwan 2024.10.22 11:26 #

Wim is a goodguy I have both gold reaper and gold trade pro. In the beginning it work but after my ac dd 40-50% so I decide stop used

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David Alba Mourenza 2024.10.19 09:17 #

It's destroying my earnings for the year, I'm deleting it from my portfolio to protect my account.

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Lasse Mathias Baagoe S Christensen 2024.09.30 10:59 #

Not suitable for prop firms. Blew my propfirm account very fast and I have never used it again. Probably better for live accounts, but I trusted the "suitable for prop firms" advertisement, which shouldn't be there because of the "bad months" you talk about.

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Reply from developer Wim Schrynemakers 2024.09.30 12:11 #

Hi, thx for the feedback. Were you running the "prop firm" set file on your prop firm? Because if it blew "very fast", I'm suspecting that you were running too high risk settings? While it is possible that the EA exceeds the prop firm's max drawdown limits if there is a really bad period, I don't believe it would be "very fast", but rather quite gradually, with more than enough time for the user to shut it down if max drawdown is getting close. I'm happy to look into your setup if you contact me in private, so I can figure out why your account didn't go as planned. I do agree that the EA is going through a drawdown period currently, but it looks like we are getting out of it now slowly.

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Eduard-mihai Hucai 2024.09.12 12:52 #

This EA is a waste of time and money. Since May this year, he has not managed to make me any profit, in fact, he is losing prop accounts. So stay away.

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Reply from developer Wim Schrynemakers 2024.09.12 12:58 #

Time will tell. drawdown are normal, and unavoidable. only the traders with nerves of steel will survive the trading game longterm

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Lorenzo Rossini 2024.09.11 16:33 #

well good vendor, but the EA is losing money since June. The vendor's signal is accurate.

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basa2021 2024.09.06 17:06 #

Solid EA. No fancy advertising, no linear backtest result yet reliable EA

Back San 2024.08.23 12:43 #

Is the time zone for the Gold Ripper "H1"? I can't find it no matter how much I look for it.

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Reply from developer Wim Schrynemakers 2024.08.23 15:15 #

Yes, H1

chismail790 2024.08.23 05:38 #

Wim is excellent guy always ready to help. Product is bit slow but steady growth no martingale etc.

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EShiN 2024.08.20 02:05 #

Wim is a very kind person, always willing to share with others, for example, he shared with me how he would optimize his own strategies to make them profitable and he is extremely transparent and honest. I was also inspired by one of my own strategies through his TGR strategy. The interaction between his overall strategies gave me some insights as well, so I'm very grateful to him.

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Andrea Portaro 2024.08.02 23:21 #

Excellent support by Wim, he kept his word regarding the Free EA and also gave me the updated one as soon as possible after I asked for it. The EA is performing well and met my expectations. I highly suggest his EAs and hopefully he will keep supporting them and improving them for as long as possible!

Salamoss 2024.07.29 19:04 #

Hello to everyone reading this review. I would like to say that I am very excited about the communication with Mr. Wim. He answers all questions in a friendly and calm manner. As I am new to trading with an EA robot, my questions were probably annoying. I have had the Reaper running for about 20 days now, and despite a bad series, I am up 6.7%. This week I also purchased Gold Trade Pro and received the rest of the EA for free. So now I have the Reaper/Gold Trade Pro/Daytrade Pro combo running for better and more consistent results. After a long examination of various EAs, this one seemed the most transparent and potentially profitable and consistent in the long run. I will update this review every 1-2-3 months and write about the progress of trading. I wish everyone a lot of success.

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Reply from developer Wim Schrynemakers 2024.07.29 19:38 #

Thx for sharing!

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zaanx91 2024.07.17 16:01 #

EA is good, I panicked in the beginning as i had a drawdown of almost -18% (using Reaper + GoldTradePro, medium risk), the recovery was quick and powerful, currently at 3% drawdown, i'm sure soon enough i will be in profits and the drawdown will be over, patience and emotional stability are required for Wim's EAs, don't judge too quickly.

It's worth mentioning that Wim (the author) is a transparent and honest person, he knows what he's doing and always supportive.

Update: i am currently in profit!

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Reply from developer Wim Schrynemakers 2024.07.17 16:08 #

thx for keeping the faith! :-) My EA's are "real" trading systems, so they will have some drawdown periods sometimes. But I'm here and in the public chat, almost every day, to give my insights on the trading and on the performance compared to historical performance. Happy to have you on board for the longterm!

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Casper C 2024.07.17 01:30 #

the bot is amazing, to be honest i didn't believe the EA in the beginning but i was wrong!!The EA is smart ne really profitable! You should try it guys! Wim is really helpful and really patience with all the customer respect mate and thanks again for the amazing job!

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Cristian-bogdan Buzatu 2024.07.16 21:31 #

Excellent EA, profitable and very reliable. 5 starts to Wim's support, he always answers promptly and calmly though sometimes I had sooo many questions. :)

Valentin Laurent-burguiere 2024.07.15 21:49 #

Acheter depuis plusieurs mois, Cet algorithme est rentable ! dévellopeur très sérieux et engagé, les risque sont très facilement réglable et dispose d'un Sl suiveur très bien réglé, je donne mes resultat depuis le 29 Mai 2024 dans les commentaire, sur mon compte réel 10 000€, ce robot à d'abord tourné sur compte démo et petit compte réel avant de passé à celui là et travail aussi actuellement sur challenge propfirm, je le conseille fortement, la stratégie est bonne !

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pggo88 2024.06.28 16:48 #

The Author is nice don't get me wrong, but after a couple of months using the EA (low risks, 15% max dd with set files provided by the author) it's loosing money. Stay away.

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Reply from developer Wim Schrynemakers 2024.06.28 19:05 #

Very strange, since my account is about to make new highs? Why did you not contact me in private message if your performance is not the same as my published live account?

1 2 3 4

Version 3.3 2025.01.11

fixed NFP filter working at the wrong hour

Version 3.2 2025.01.03

fixed nfp filter for 2025

Version 3.0 2024.12.02

- Variable Values has been improved -> this means that the EA's capabilities to automatically adjust to the actual price of Gold has had a big update, and it now the recommended (and default) setting. This will adapt entries and exit to the value of Gold. So if gold is trading at 1000$, the SL for example will be smaller than if gold is trading at 2000$
- AdjustLotsizeToVariableValues -> this will make sure that if SL get bigger for example if gold price goes higher, that the lotsize will be adjusted as well (decrease) so that the actual potential max drawdown stays the same throughout all history and future with the same risk settings.

Version 2.3 2024.10.23

fixed bug: "high" breakout filter didn't do anything :-)

Version 2.2 2024.10.22

added parameter "Fake Breakout Filter", which will help filtering out fake breakouts.
It works by checking if the candle close after entry is negative. Timeframe(s) of the candles used is dependent on the settings Low, Medium or High

Version 2.1 2024.09.19

enabled "weighted lots" by default

Version 2.0 2024.09.19

Added "manual strategy selection" in the "trade frequency parameter". -> now you can run each internal strategy manually, instead of using the trade frequency options.

Added new lotsize Calculation Method "Max Risk Per Strategy". This will set the lotsize for each strategy, based on the max historical drawdown of each strategy. The outcome is that all strategies will have the same maximum potential drawdown on the trade account. This will make them more balanced.

Added the option "weighted lotsize" when using "max allowed total drawdown" for lotsize calculation method. This will, like when using the "max risk per strategy" option, adjust lotsize for each strategy, in order to balance them out better. This is the easiest, and most recommended way to use the EA. Simply set your max allowed total drawdown, as before in previous versions, but enable the "Weighted Lotsize" option

Version 1.90 2024.08.02

fixed bug in NFP filter

RECOMMENDED UPDATE!!!

Version 1.80 2024.07.11

adjusted slippage filter

Version 1.70 2024.07.11

Added NFP Filter:

!! you must add the URL "https://www.worldtimeserver.com/" to the "allowed URL's" in your MT4/MT5 terminal (tools -> options -> expert advisors) !! (for the AutoGMT)

- EnableNFP_Filter -> turn the NFP filter on or off
- AutoGMT -> let the EA calculate the correct GMT offset for your broker, so that the time of NFP will be correct
- GMT_OFFSET_Winter -> for setting the GMT Offset manually in the wintertime (when AutoGMT is off, or during backtesting!)
- GMT_OFFSET_Summer -> for setting the GMT Offset manually in the summertime (when AutoGMT is off, or during backtesting!)
- NFP_CloseOpenTrades -> force the EA to close all open trades when NFP starts (X minutes before NFP)
- NFP_ClosePendingOrders -> force the EA to delete all pending orders when NFP starts (X minutes before NFP)
- NFP_MinutesBefore -> how many minutes before the NFP event, to close trades and pending orders
- NFP_MinutesAfter -> how many minutes after the NFP event, before the EA resumes trading again

Version 1.61 2024.07.08

fix small difference when turning off "useHL_TrailingSL" compared to V1.5

Version 1.60 2024.07.05

added the new HL_TrailingSL Option (on by default)

MAKE SURE TO RELOAD THE SETTINGS AFTER UPDATING THE EA

Version 1.50 2024.05.13

added options to make trade entries and exits more unique.

There are seperate parameters available for adding/subtracting X number of pips to the Entry, SL, TP, TrailingSL and TrailingTP values.
This way, you can make your own unique trades, which will further prevent prop firms from flagging you for copy trading
IMPORTANT: do not just run some new values live, without testing those values first in a backtest!

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