The Gold Reaper MT5

I am using this EA since May 3rd. So far my account losing about 5%. In this same period, strategy tester also earn not so much. Other this EA holders are same result? or only me? Gold price was moved yesterday, but my EA didn't trade. Is this OK?

After a few weeks of running it on a live account, The Gold Reaper does what it is expected to do. The results are in sync with the live signal and with backtests. Running the Reaper with too high of a risk made me experience some losses overall. However, I know that in the long term the accounts will grow. For those who are used to grid and martingale systems, the experience of losses might be too much. Grid systems collect the losses and hide them in DD. However, sooner or later there's going to be a significant loss, and some might lose their accounts. However, this EA is different. It might sound strange, but what I like about the EAs from this developer is that they make you face your losses the minute they occur (every trade is entered with TP and SL). Once the hit is taken, you can move on to the next win or loss, but there's no uncertainty about ever getting back on track. If you like EAs that have solid data to back up their performance, then Wim/Profalgo's EAs are excellent candidates. There's also a lot to learn from the developer's community here on MQL5. The audience and Wim are respectful to one another, and Wim is always there to help and inform fellow members.

Perhaps a bit unfortunate as the gold market ranged and did not break through like February and March '24. This EA works poorly with false breakouts (which happens often) because it fills up and then hits the many SLs. Wim argues that you should look at it in the longer term, but that needs to be proven because gold is mainly driven by Smart money/Big Banks that look for easy liquidity around the resistance levels. So this EA trading behavior will happen a lot more if the EA is not adjusted correctly. People should consider to follow Wim's live account for a while and not buy too quickly...

I feel sorry I bought this EA, customer service from Wim is okay, no doubt. but the EA is not working for me, 1 couple of weeks and it lost money. I asked for refund and was not able to get anything, I regret purchasing this EA totally I lost $599 plus what I lost from the trading. I work hard to earn my income to be loosing it here. I asked for a refund and Wim said no refunds to contact the service desk, which I did but they dont have someone answering the chats just a robot.

Good seller, true live signals (win and loss), consistent quality.

5 STARS ALL AROUND: THIS IS MY REVIEW: I know nothing about any of this. I KNOW THAT GOOD PEOPLE AND BAD PEOPLE EXIST- Wim S. is a good person, who went out of his way and into my personal computer and set the products up for me, and I am sure he will check on them. ANYONE who does so, even when self-serving, who then faces shame, BELIEVES IN THE PRODUCT> Else he wouold be embarrassed to show face. I have no doubt that these bots will do what he says and programmed them to do. I WILL RATE THE PRODUCT next, but lets give them 30 days or so... Thanks WIM

This is my 5th month running the Gold Reaper and I think this EA is underrated and maybe even underpriced compared to others here on MQL5. I usually see this kind of profit with grid/Martingale EAs that will eventually blow your account but this is not the case with this EA. My personal experience with support has also been very positive. I asked for the margin calculation of the EA to accommodate accounts with BTC as the base currency and the developer fixed it in a new release on the same day. To me, this is money well spent.

I used to like this EA very much, but the results of the last few times have been very bad, resulting in a big loss. I used to think that the author was a professional who was relatively rational, capable and willing to make a good EA, but later his behavior made me realize that he was just a cult leader. In his group, no one is allowed to criticize his EA. If someone says something that is inconsistent with his meaning, they will inevitably be criticized by the brainwashed people in the group, and then the author will kick you out of the group. Obviously, this author is not a good person, he just wants to sell as many of his EAs as possible, and this EA is still a scam.

为何我不能更新到v1.5？

I made a mistake in the purchase process due to my fault, and he was very kind and quick to resolve it. I've never seen a seller with such good service. I'll run the program and leave a comment. The purchase process was very pleasant.

The best expert ever! and Wim support is very very good!

I was very skeptical about buying the bot, and at first I was really dissapointed it wasn't making any trades often, but after using it for a few weeks, the results are really good. Sometimes it hits positions during high impact news accidentally but because I'm luckily always there I can close in profit (but it is a little stressful so watch out for this). Other than during high impact news where there is imo high risk (also depending on the lot size), the bot is super smart and makes great trades. Not often, but great awesome trades. It always surprises me randomly. I can be down on my luck or not having the most profitable days and there goes gold reaper, reaps me some gold. It's very much worth it.

We started operations at the beginning of May and as of now we are still at -3%, but we plan to see how it goes for the next 6 months or so. What I feel from observing the trading so far is that it seems to be vulnerable to irregularities in economic indicators. Basically, since I leave my orders for a few days at the limit price, my losses were caught in the turbulence caused by economic indicators.

Support by Wim is excellent, no doubt. But this EA didnt work for me, I had rented it for 3 months and since 2 days I was running it, it kept on taking a lot buy stop and sell stop orders without executing. Today CPI News hit most of them and I lost q8 a good amount which I had manually traded. It worked so well for others as from review, no idea why it didnt work for me. The buy stop and sell stop levels were too far and was kind of reverse. Like buy stops on top and sell stops at bottom. Neways, bitter experience.

After getting ur reply-

Thank you. I will run it in a demo. It was a prop challenge account I had directly put it on. Will let it run for a month. Lets see how this works.

Out of all the EA's i have ever bought, if I could only keep two of them, then this would be one, and Wim's GTP would be the other one.

Top tier algo great investment.

Just Buy, Will update in the future

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.

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

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