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The Reaper EA

3.85

Promo: Only 1 copy left at 299$!  Next price: 499$

Forget nice looking backtests: The Reaper EA is already ahead of the curve!

Let's face the truth: The biggest problem with most of the automated trading systems on the market, is that all of them show very nice backtests, but only a handfull actually perform on live accounts. 

This is very frustrating when you poured your hard earned money into them. (Not to mention the many EA's in the market, that use manipulated backtest results to sell the product ... but that's another story.)

The origin of the Reaper EA is a strategy that has already proven for many years to be a winner. From there it just got better.   Instead of relying on nice backtest results, "hoping" that the live results will match, this EA was developed using live trading and existing techniques as a starting point, and took it from there to make improvements.   

The result so far is a very stable EA with already many months of live results to show. 

This means that you'll be buying a product with a verified live track record, and not just a "nice looking backtests" EA.

The EA runs already on 20 pairs.


Quick setup:  Run  THIS SET  on 1 EURUSD M5 chart and it will run the best 10 pairs. 


READ BLOG AFTER PURCHASE: https://www.mql5.com/en/blogs/post/745053  



How to set up the EA:

  • It is important for the AutoGMT to work correctly to add this URL " https://www.worldtimeserver.com/ " to the list of allowed URLs in the menu'Tools-> Options-> Expert Advisors'  before you launch the EA
  • Run on M5 only. Run on all pairs a seperate chart OR run all pairs from 1 chart using the OneChartSetup ( download BestPairs set , EURUSD M5 recommended)
  • The EA is optimized for 20 pairs (see BLOG for list of pairs)
  • It is recommended to use "Mode B" as it will be more stable on most brokers.  
  • Mode B is more strict in entry, and uses a slightly wider Stoploss to prevent stop-outs due to spread widening.
  • Mode A has lower Stoploss and more trades, and can have very good results on brokers with a very low nightly spread.
  • I would recommend using "LotsizeStep" as AutolotMode. (Automatic money management)
  • LotsizeStep values-> Low risk: 500; Medium Risk: 250; High Risk: 150
  • It is recommended to run the EA on a low spread ECN broker.  
  • Minimum recommended accountsize: 250 $ for running all 14 pairs, but you could run only a few pairs on 100 $ as well.


Some of the features of the EA:

  • Important: This EA only enters trades for 2 hours per day, from 1 hour before rollover, till 1 hour after rollover. For most brokers, that means from 23h marketwatch, till 1h.
  • The EA uses limit orders to enter trades. Slippage will  mostly  be positive on entry with this method.
  • The EA uses hard SL and TP levels, to minimize negative slippage on exit.
  • The EA will only open 1 trade per pair.
  • The EA uses multiple exit strategies, where it will limit the risk as time passes and the trades hasn't hit TP yet.
  • Safety first: this EA does NOT use grid, martingale, averaging down or any other risky trade management methods.
  • Real live results for many months already before the EA was released on MQL5.
  • The product is already in a very advanced state of development (bug-free, performance verified)
  • EA has been live tested on multiple brokers with success.
  • NEW: news filter to prevent high volatility trades
  • FTMO challenge ready
  • +1300 satisfied customers already
DISCLAIMER: Never forget that past performance is no guarantee for the future.     I always recommend to run first on demo account or very low risk live account.  It is very important to understand how a system works, and what are the ups and downs.



















































































































Avis 20
Bz Str2 Strat
170
Bz Str2 Strat 2022.05.30 01:06 
 

Im on my way to get my dream account, with right setfiles this is a beast! With the default setfiles this ea also performs! But with wrong people any ea is garbage! Usually people whinning about the ea losses money, and blame it to the author, but the real problem is the person using. They want to buy ea then expects to earn right away. It really doesnt work that way, you must test it for your own preference! This ea is one of the most complicated ive held, but indeed for me this ea together with my customed set is the most profitable for me in years of handling EAs' Thank you very much author.

#YodaMan

sheangannon
746
sheangannon 2022.04.01 02:27 
 

I have bee running the Reaper for over 6 months. Like any EA it has its draw down periods, but overall an excellent EA that has produced excellent returns.

Sound of dawn sqd
460
Sound of dawn sqd 2022.03.03 04:44 
 

20223.3: 购买一直未使用,等待账户新高中,因为作者在持续更新,不清楚版本是否为最终版本,近期IC回撤较大,有在使用的欢迎交流 V:siya17888,另有多余激活码用不到,总体这个作者能在3-5年时间不断的更新EA,是一个非常负责的程序员,相信产品一定能够好起来,只是需要一定的时间,如后续有问题我会持续更新

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Thi Thu Ha Hoang
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Miliron mt4
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Denis Kurnev
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Profalgo Limited
5 (2)
Bienvenue chez Indicement ! PROP FIRM READY ! -> téléchargez les fichiers de l'ensemble   ici PROMOTION DE LANCEMENT : Il ne reste que quelques exemplaires au prix actuel ! Prix ​​final: 990$ NEW: Choose 1 EA for FREE! (limited to 2 trading account numbers) Offre Combo Ultime     ->     cliquez ici REJOIGNEZ LE GROUPE PUBLIC :   Cliquez ici   LIVE SIGNAL INDICEMENT   apporte mes 15 années d'expérience dans la création d'algorithmes de trading professionnels aux marchés indiciels. L'EA utilise
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Mansour Babasafary
5 (2)
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Arseny Potyekhin
5 (3)
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5 (2)
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Profalgo Limited
3.18 (11)
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Profalgo Limited
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Profalgo Limited
4 (9)
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
Filtrer:
bee
70
bee 2024.02.23 04:12 
 

I tried this EA in depth for over a year. Consistent losses! The creator of the EA always replied back to me quickly and seems very nice. BUT this EA is not profitable. I have now learned to trade on my own. I urge you to not waste your time with this or other robots and learn to trade. Yes, it willl take you up to 5 years of daily hard work. BUT worth it. Good luck.

Mohamed Kamel Touati
4724
Mohamed Kamel Touati 2023.08.28 13:31 
 

the expert is no longer profitable do not buy it

matjeo012217
177
matjeo012217 2023.07.06 20:29 
 

been running this for almost 2 years... not worth it.. I stopped using it when the signal was removed. will just wait in case there will be some good updates in the future.

Oeyvind Borgsoe
2118
Oeyvind Borgsoe 2023.04.25 07:02 
 

Unfortunately it did not work very well for me.

ninatjeuw
560
ninatjeuw 2022.12.22 11:32 
 

i have been using the ea for a year. 2 live account and 1 demo account have not made any profit at all. big stop loss, small profits. it is going nowhere. i think i will stop using this ea at the end of the year 2022. good luck for the prospective buyers out there. just try your luck in the year of 2023. bye

Trevor Michael Hoyte
161
Trevor Michael Hoyte 2022.09.28 11:59 
 

This was not a great EA, with huge stop losses and very small take profits with numerous trades. Bound to make a loss. I don't think the EA takes slippage, spread and swaps into consideration either.

Alborz Mohammadpour
183
Alborz Mohammadpour 2022.07.27 11:40 
 

Every week it's only loss or just break even, it was working well before V6.5

Nicolas Merlet
23
Nicolas Merlet 2022.07.17 16:51 
 

I purchased the EA, not tested yet only backtest, in basic backtest i have verry profitable ea but with 99.9 modelisation backtest it's show a non profitable EA, can i have some help and telegram group please ?

Profalgo Limited
70973
Réponse du développeur Wim Schrynemakers 2022.07.17 18:55
Hi Please send me in private your backtest setup since my 99.90% backtests show very good results. Also live trading is profitable so if your backtests are worse than live trading, the backtests must be wrong as that never happens
Abdulaziz Ahmed Mubarak Omar Almenhali
328
 

Tested on live and demo account... Good results on the demo account and inconsistent results in the live account although I am using the same broker. I wouldn't recommend it

Bz Str2 Strat
170
Bz Str2 Strat 2022.05.30 01:06 
 

Im on my way to get my dream account, with right setfiles this is a beast! With the default setfiles this ea also performs! But with wrong people any ea is garbage! Usually people whinning about the ea losses money, and blame it to the author, but the real problem is the person using. They want to buy ea then expects to earn right away. It really doesnt work that way, you must test it for your own preference! This ea is one of the most complicated ive held, but indeed for me this ea together with my customed set is the most profitable for me in years of handling EAs' Thank you very much author.

#YodaMan

Profalgo Limited
70973
Réponse du développeur Wim Schrynemakers 2022.05.30 05:56
Thank you for the nice review!
dhffl33
162
dhffl33 2022.04.17 01:09 
 

First of all, he is unkind to my question. And dangerous EA. There's no way to stop a big loss once it happens. Check the live signal.

Profalgo Limited
70973
Réponse du développeur Wim Schrynemakers 2022.04.17 08:32
So I don’t answer “immediately” to your question in the Easter weekend and you call me unkind? You think I am only waiting for your questions all day maybe? And you said to me personally that your trades are the same as mine. My account is not showing “dangerous” trades at all
sheangannon
746
sheangannon 2022.04.01 02:27 
 

I have bee running the Reaper for over 6 months. Like any EA it has its draw down periods, but overall an excellent EA that has produced excellent returns.

Zi Feng Guo
586
Zi Feng Guo 2022.03.25 04:25 
 

Running for more than a month is not ideal

Sound of dawn sqd
460
Sound of dawn sqd 2022.03.03 04:44 
 

20223.3: 购买一直未使用,等待账户新高中,因为作者在持续更新,不清楚版本是否为最终版本,近期IC回撤较大,有在使用的欢迎交流 V:siya17888,另有多余激活码用不到,总体这个作者能在3-5年时间不断的更新EA,是一个非常负责的程序员,相信产品一定能够好起来,只是需要一定的时间,如后续有问题我会持续更新

NyKa
57
NyKa 2022.02.17 18:44 
 

J'ai acheté The Reaper lorsqu'il était en promotion et ai pus effectivement bénéficier d'un autre EA pour deux installations, idem avec Advanced scalper :-), Wim est une personne sérieuse et disponible. Tous les EA achetés et conçu par Wim fonctionnent bien mais ne sous estimez pas les différences entre brokers, n'hésitez pas à faire vos essais sur un compte démo, n'oubliez pas que les pertes font parties du jeux et que vous devez avoir une vision long terme !

Hai Son La
581
Hai Son La 2022.02.16 08:31 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Jona
327
Jona 2022.02.02 16:38 
 

Good Expert Advisor with competent support!

Kai Fung Leung
191
Kai Fung Leung 2022.01.19 01:46 
 

⚠️⚠️⚠️⚠️⚠️ Warm reminder for MQL members who are interested in Reaper, check how often the EA is being updated, that tells you something about the author's approach to development and detailed mindedness, if you want to have to update the EA every day, this EA is for you; Also check MT5 version's comment before you make the purchase⚠️⚠️⚠️⚠️⚠️⚠️

🚫 Only big big loss so far - capital down 20% in a month. I use IC Markets, the same broker as the author’s signals.

⛔ The problem with Reaper is super big stop loss and small profit. Check the profit factor, it is much lower than other night scalper.

If you join the telegram group after purchase, you will find out many users are experiencing the same loss - unless you started using reaper very long ago, which allow you to take the loss with your accumulated profit; The positive reviews you see here, I really wonder if they were real or not, because what they say is totally different from the Telegram group members' opinion, if you don't trust my review, see it for yourself after you made the purchase.

You can expect one stop loss wipe out 1 week to 1 month of profit, and many SL were hit recently.

However, as the author mentioned the EA is a long term EA, I will keep my $5k capital (now $4k left) running and if Reaper manage to recoup the loss, I will update you all here.

- Starting Capital: $5k

- Dec 28,2021: $5k deposit

- Jan 28, 2022: $4k remaining

- Feb 28, 2022: $3.7k remaining

- Mar 28, 2022: to be updated

Amgad Ahmed Ali Megahed
2627
Amgad Ahmed Ali Megahed 2022.01.18 07:36 
 

Bullshit

Adam Kurniawan
23
Adam Kurniawan 2022.01.01 11:51 
 

will there be a notification when there is a new update?

Profalgo Limited
70973
Réponse du développeur Wim Schrynemakers 2022.01.02 07:09
yes, MQL5 will send you a message
Répondre à l'avis
Version 7.3 2023.06.08
fixed newsfilter bug that caused repeating message.

RECOMMENDED UPDATE!!
Version 7.2 2023.04.19
fixed bug in date recognition
Version 7.1 2023.04.18
fixed bug of news filtering skipping too much
Version 7.0 2023.03.27
highly recommended update.
The newsfilter was not working anymore because the news website used, was blocking all MQL5 EA's.
I implemented a new news source for the news filter, so you must add this URL to the MT4's allowed URL"s: https://nfs.faireconomy.media/
Version 6.9 2023.03.13
fixed issue with trades starting on sunday
Version 6.8 2022.05.19
Version 6.8
- Added Mode C -> new optimizations for EURUSD;GBPUSD;AUDCAD;EURAUD;EURCAD;GBPAUD;GBPCAD;USDCAD;EURGBP;USDCHF;GBPCHF;AUDUSD;EURGBP;EURCHF;AUDJPY;
- Improved rollover filter
- Added option to set SL/TP after entry
- fixed issue when changing trading hours and disabling monday morning trading
Version 6.7 2022.04.28
Version 6.7
- optimized internal code for OneChartSetup
Version 6.6 2022.04.01
Version 6.6
- added option to turn on/off buy and sell trades
Version 6.5 2022.03.16
fixed bug regarding news time
Version 6.4 2022.02.16
fixed autoGMT issue
Version 6.3 2022.02.15
changed news url to: https://ec.forexprostools.com/
Version 6.2 2022.02.15
fixed JPY issue in news filter
Increased number of attempts to read the news if the attempt fails
Version 6.1 2022.02.11
fixed GBP news filter issue
Version 6.0 2022.02.10
Version 6.0
- fixed repeating message about "using VPS for GMT detection"
Version 5.9 2022.02.03
updated news filter to surely block all high impact news, which until now was marked as "medium risk" at the used newsfeed source
Version 5.8 2022.02.02
added news filter for AUD RBA news specifically
Version 5.7 2022.01.31
changed the way the URL are read to prevent EA being stopped.
Version 5.6 2022.01.31
fixed message box issue
Version 5.5 2022.01.28
Version 5.5
- fixed issue with news filter for monday mornings
- changed the option "close all trades at hour" to allow also minutes to be set.

Make sure to RELOAD THE SET FILE after updating!
Version 5.4 2022.01.27
improved news filter algorithm
Version 5.1 2022.01.26
fixed issue with news filter
Version 5.0 2022.01.26
Version 5.0
- Added News Filter - Pair names will be marked in RED when filtered out.
- fixed issue with performance monitor using Profit Per Trade
- fixed issue regarding changing the trading times manually
Version 4.6 2022.01.20
fixed bug regarding Triple Swap filter
Version 4.5 2022.01.11
Version 4.5
- fixed another issue with correlation filter and splitting up trades
Version 4.4 2022.01.10
Version 4.4
- Fixed issue with correlation filter and splitting trades into smaller lotsizes
Version 4.3 2021.12.29
Version 4.3
- fixed bug where EA would put pending orders at 23h59 on Friday Evening
Version 4.2 2021.12.16
Version 4.2
- fixed bug that caused infopanel sometimes to show wrong Time To Start (didn't affect actual trades)
Version 4.1 2021.12.15
Version 4.1
- fixed small bug, that forced lotsize to "0.01lots" when OneChartSetup is disabled and performance monitor enabled
Version 4.0 2021.12.10
Version 4.0
- Added Correlation filter
- Added trading time option

Make sure to reload settings after updating!
Version 3.8 2021.12.07
Version 3.8
- fix bug that delayed update Performance Monitor with 1 day
Version 3.7 2021.12.03
v3.6 wasn't the full update...
Version 3.6 2021.12.03
Version 3.6
- slightly improved algorithm
- Improved Performance Monitor -> added option to reset limited lotsize if shortterm performance is positive
Version 3.5 2021.11.30
Version 3.5
- Adjusted settings for EURUSD and USDJPY
Version 3.4 2021.11.26
fixed US Holiday filter bug
Version 3.3 2021.11.17
Version 3.3
- fixed infopanel initialisation issue
Version 3.2 2021.11.15
Version 3.2
- Adjusted Turbo Mode
- Fixed infopanel Performance overview for Risk Per Trade settings

Version 3.1
- fixed DST switch issue
- fixed max number of trades issue
Version 3.0 2021.10.29
Version 3.0
- added performance overview table (for onechartsetup)
- added Performance based lotsize calculations (for onechartsetup)
Version 2.8 2021.10.20
Version 2.8
- fixed issue with "minimum potential TP" where it didn't perform enough trades
Version 2.7 2021.10.19
Version 2.7
- Added option to set minimum "potential" TP before entering a trade
- fixed small autoGMT bug

Version 2.6
- fixed bug from 2.4.
- fixed bug concerning "close all trades at hour X"
- re-Added option to force Marketorder is Limitorder is out of range (for example with GAP's)
Version 2.5 2021.10.14
IMPORTANT UPDATE.

There is a bug in version 2.4. Version 2.5 fixes this
Version 2.4 2021.10.13
Version 2.4
- Added option to force Marketorder is Limitorder is out of range (for example with GAP's)

Version 2.3
- Added option for minimum TP when using the Close At Hour X
Version 2.2 2021.10.01
Version 2.2
- added multiple retries if split trades failed to be set.
- fixed bug in Split trades based on max lotsize
Version 2.1 2021.09.29
Version 2.1
- Added option to split a trade up into smaller ones if max lotsize per trade is exceeded
- Added option to set Max Open Trades for all pairs
- Added "Turbo Mode" which will do more trades
- fixed small bug for EURUSD and USDJPY
Version 2.0 2021.09.23
- added option to split a trade into smaller trades to get better fill prices
Version 1.99 2021.09.20
Version 1.99
- fixed pips into "double" instead of integer for "add X pips to entry"
- Added option to skip US holidays
Version 1.97 2021.09.17
Version 1.97
- Added option to add/subtract X pips to/from entry level
- Added option to reset the Forced Minimum TP after X hours
- Fixed bug which prevent the EA to close at hour X when forced minimum TP was also active
Version 1.96 2021.09.10
fixed bug that caused sometimes a trade to close after a few seconds
Version 1.95 2021.09.09
Version 1.95
- Fixed balance and lotsize showing correctly when launched in weekend.
- Automatic Suffix detection
- Added new pairs CADCHF, CHFJPY, AUDCHF, AUDUSD, AUDJPY and GBPJPY
- Improved GMT offset detection
- Fixed lotsize display for weekend
Version 1.94 2021.09.05
Version 1.94
- fixed weekend bug for Web based GMT setup
Version 1.93 2021.09.01
Added "Add X pips to TP" parameter
Version 1.92 2021.08.31
switched URL for AutoGMT to: https://www.worldtimeserver.com/

Will work better
Version 1.91 2021.08.31
If Web based GMT fails, the EA will use VPS based GMT calculation, instead of aborting the initialization
Version 1.90 2021.08.31
Big update

Version 1.9
- Added options to set SL and TP -> now you can adjust/override internal SL and TP levels
- Added option to widen SL during rollover -> widen the SL during rollover to prevent spread widening causing losses
- Improved AutoGMT based on internet GMT request -> EA will always trade at correct time now
- Added option to randomize entry -> this will help the EA when lots of people are running the EA. Each user will have slightly different entry price, so that will limit the slippage caused by using the same entry for everybody
- added time based exit -> EA can close the trades at a certain hour (for example 2 hours before UK market opens)
- Fix spread filter for OneChartSetup
Version 1.87 2021.08.23
Version 1.87
- Added TripleSwapDay select
- fix lotsize infopanel delay bug
Version 1.85 2021.08.14
- Added Swapcost Filter.
Version 1.83 2021.08.12
fixed zero divide error causing EA to stop when using Risk Per Trade for some brokers
Version 1.82 2021.08.05
- improved Triple Swap algorithm
Version 1.81 2021.08.02
fixed small bug
Version 1.8 2021.07.30
- added OneChartSetup
Version 1.7 2021.07.20
version 1.7
- Added rollover options

Version 1.6
- Added slippage control for MarketOrders
Version 1.5 2021.07.08
Version 1.5
- Added virtual entry and exit options (if your broker complains about too many pending orders cancelation/modifications, you can use the virtual entry)
- Improved pending order logic (less cancelations)
- fixed "trade context is busy" bug
- Added Triple Swap filter option
Version 1.4 2021.07.06
- GBPCAD - settings for Mode B was not activated correctly. fixed now
Version 1.3 2021.07.02
extra fix for the multiple cancellation of pending orders.
Version 1.2 2021.07.02
by request of some customers -> update regarding the many cancelled pending orders caused by spread filter. This will significally decrease the amount of cancellations.
Version 1.1 2021.07.01
added "minimum minutes between 2 trades" filter (extra safety)