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The Reaper EA

!! SPECIAL LAUNCH PROMO !!

  • ONLY A FEW HOURS LEFT AT 449$
  • FINAL PRICE WILL BE 990$
  • NEW: BUY THE REAPER AT 449$ OR HIGHER AND GET THE MT5 VERSION + 1 EXTRA EA FOR FREE!! (for 1 live and 1 demo account)

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.


Since the start of the development, the EA has had multiple improvements and the current state of the EA is already a big improvement over the original first version, as you can witness in the almost 1 year of live trading results.

As time passes, new live results will be used to further improve the EA.

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

How to set up the EA:

  • When using AutoGMT, make sure your computer/VPS time settings are correct! (you can check this post)
  • Run on M5 only, 1 chart for each of the optimized. Or all 14 from 1 EURUSD M5 chart with OneChartSetup
  • The EA is optimized for 14 pairs: eurusd, gbpusd, usdchf, usdjpy, usdcad, eurjpy, eurgbp, eurchf, eurcad, euraud, gbpaud, gbpcad, gbpchf and audcad
  • It is recommended to run all these pairs to spread the risk.
  • 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. 
  • LotsizeStep values ->  Low risk: 500; Medium Risk: 250; High Risk: 150 (based on USD)
  • 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:

  • The EA uses limit orders to enter trades.  Slippage will ONLY 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.
  • No set files needed.  Only the Lotsize needs to be set.



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, to understand better how the EA executes trades, and takes its profits and losses.  This is to prevent having emotions of fear taking over during trading.   It is very important to understand how a system works, and what are the ups and downs!  This is a professional trading strategy.  It is  not a quick rich scheme, so it will take losses from time to time to protect the account.   Follow my guidelines, and you will never risk to lose more than you are psychologically comfortable with.  Learn to accept losses in forex.  It is the only way to be profitable in the game.   

Bewertungen 19
Bhavik Jagdish Patel
248
Bhavik Jagdish Patel 2021.07.30 00:46 
 

I purchased this EA from Wim a month ago now and I have had it running live on both Pepperstone (preferred) and ICM. I thought I would run it for a while before posting a review and so far it has been working very well. There were some concerns with swap costs which have been addressed and the updated version gives flexibility to fix this depending on which broker you are trading with. It also shows he is constantly developing his EAs and listening to any feedback clients give. I also own 4 other EAs developed by Wim and can say hands down his after sales support and products are amazing. I have asked him many questions throughout ownership of all the EAs and he replies right away with the answer I need. I was one of the early adopters of 'The Reaper' and is certainly hasn't disappointed. I would advise running it on several brokers as results will vary across them. Thanks Wim.

33Q
19
33Q 2021.07.28 06:49 
 

Hello, I bought the EA, please add me to your group TELEgram.

Sorensen2090
20
Sorensen2090 2021.07.28 04:48 
 

Hello, I bought the EA, please add me to your group TELEgram.

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The Progress Scalp strategy is based on tick trading principles. At its core, this strategy is fenders, that is, the trader receives signals for opening positions during pullbacks from the main movement. A distinctive feature of this strategy is that transactions are concluded only during periods of strong tick movements in the forex market. The Progress Scalp strategy was developed for trading with different currency pairs. You need to choose a currency pair with the lowest spreads and virtual
650 USD
EZ Smart Trend
EZ Smart Trend
Pengfei Zhang
EZ.Smart Trend This EA uses a variety of strategies and functions such as neural network grid scalping, mobile stop loss, automatic lot number setting, etc. Use revolutionary price model algorithms, price behavioral trading, and signature collaborative work with artificial intelligence adaptive processing units. The system adopts some kind of reverse sampling development method, which makes the system show a very substantial benefit in the 13-year historical backtesting. Profit drivers to keep
1 500 USD
Shaft
Shaft
Sergei Moskalenko
Советник использует стратегию скальпирования. Разработан для торговли на основных валютных парах. Демонстрация работы эксперта:  https://www.mql5.com/en/signals/999769 Особенности работы эксперта: советник торгует отложенными ордерами встроены функции контроля расширения спреда и ограничения проскальзывания благодаря высокой производительности, советник легко оптимизируется и может быть установлен одновременно на любое количество символов для простоты управления, интегрированные в советник сл
3 000 USD
Envelopes Recovery EA
Envelopes Recovery EA
Sigit Hariyono
Envelopes Recovery EA is a fully automated Expert Advisor using Envelopes and Moving Averages to trade, also an optional MACD. This robot can be used for all time frames and all currency pairs, but recommended for M15 and EURUSD pair.   Input Parameters Expert Name - EA name and trades comment. Magic Number - EA identification number to identify trades. Fixed Lot Size - Fixed lot size. Activate Auto Lot Size - True if you want to activate auto lot size calculation. Auto Lot Risk - Risk calculat
950 USD
Chakra MT4
Chakra MT4
The Huy Phan
Chakra MT4 is a trending following EA. This EA uses a custom indicators to detect entry signal. The fixed stop loss and take profit are always set for each trade. This EA has smart money management. Users only need to determine the accepted loss for each trade, EA will calculate the lot size for each trade according to stop loss price. Therefore, this EA is very safe. This EA is very easy to use and can apply for many currency pairs. Recommended time frame is  H1. Recommended pairs:  EURUSD,
1 000 USD
Perfect Score
Perfect Score
SERGEI RIEBIN
This robot enters the market at the opening of London Stock Exchange (LSE). It is based on short-term reversal patterns which use the tendency of FX prices to move toward their average value during the LSE session . The EA does not use indicators, grid, martingale, arbitrage. The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allows you to trade with a fixed or automatic lot size. Monitoring - one of the most popular si
1 499 USD
Money Printing Machine MT4
Money Printing Machine MT4
Caroline Huang
Important Note: the Selling Price of this EA will increase by 10% once 10 units are sold. Get Yours Now! Introduction True to its name... the Money Printing Machine (MPM) EA will make money in Uptrend, Downtrend, Ranging markets. The High-frequency trading algorithm will even allow for profiteering from forex rebates brokers i.e. RebateKingFX, PayBackFX, CashBackForex etc. Prices move in money markets and MPM is designed to capture and profit from these movements. MPM does not rely on ind
1 000 USD
GerFX Forex Cyborg
GerFX Forex Cyborg
Exler Consulting GmbH
Forex Cyborg is a established expert advisor since 2017 on the market. There is a huge number of customers that trust in Forex Cyborg already and now it's newly available here on the MQL Store. Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability.  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. 3) An
675 USD
Level Pro
Level Pro
Elena Sokolova
This system has been developed over the last 6 years, a huge amount of work and tests has been done. The Expert Advisor trades on most currency pairs on the m15 timeframe. To choose the most suitable currency pairs for yourself, conduct a test. eurusd currency pair is not supported. Please take a look at my other products:       https://www.mql5.com/en/users/algo_trade/seller#products The Expert Advisor is a night scalper, it trades on a quiet night market. For each currency pair,
800 USD
SanityScalperGlobal
SanityScalperGlobal
Murodillo Eshkuvvatov
Good time of the day All over the world Guys !! Here is our ExpertAdvisor S anityScalperGlobal Main developer: Murodillo Eshkuvvatov Monthly Growth occurs about 5-12%, withdraw type each fixed growth Trading type is Correlation of Nzdcad, Audnzd,audcad, With averaging all in and Trend hunting, Neural Networks, Scalping, Averaging, Secure Partial close,  Timeframe H1, Lot size 4k = 0.01 automatic for account balance !!! You can not get EA for any way: but can join my channel for further update:
500 USD
GerFX DeltaWave EA
GerFX DeltaWave EA
Exler Consulting GmbH
Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability (the EA could also make losses).  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. 3) Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flash crashes. This strategy will always use a stop loss, but stil
525 USD
Buy Sell Simultaneously
Buy Sell Simultaneously
Danny Setyawijayanto
This EA will open Buy and Sell simultaneously after attached to chart. It has customized grouping grid step and lot multiplier group. Please contact me if you have any question. Please Like, Share & Subscribe to my Youtube Channel. I will give this EA for FREE for everyone if there is 2k Subscriber on my Youtube channel , please ask your friend, because subscribe is FREE :). Need at least 10k balance (10k cent or 10k$), or you can adjust with various setting inside the EA to get the minimum dr
1 000 USD
Orbit Rage Final
Orbit Rage Final
BILLY ARANDUQUE ABCEDE
Orbit Rage  Final is base on the bull/bear candle strategy and divergence. To be specific it can make you what you want in your life. Just download and extract to experts advisors folders of your MT4. Orbit Rage Final is a risk-free trading strategy that allows retail forex traders to make a profit with no open currency exposure. The strategy involves acting on opportunities presented by pricing inefficiencies in the short window they exist. This type trading involves the buying and selling of c
499 USD
Ethereum guru
Ethereum guru
Paschal Uchenna Ugwu
Der herausgegebene Roboter (ETHG) ist das Ergebnis einer mehrjährigen Handelsforschungspraxis mit Tausenden von Strategien, mehreren Indikatoren für Prognosen, die darauf abzielen, die Schönheit der Perfektion des Online-Handels zu schaffen. Durch die Kombination mehrerer Strategien und Algorithmen in diesem Roboter bei der Änderung jedes Tick-Preises mit höchster Präzision und Blitzgeschwindigkeit. Was auch immer Sie als Händler brauchen, der Roboter gibt es in Sekundenbruchteilen Der wi
30 000 USD
Invesard GBPUSD
Invesard GBPUSD
Lorenz Vauck
!! FLASH SALE $497 !! Dear Investor, my name is Lorenz Vauck (or as many know me: "geektrader" ) from Germany. I am a full-time system developer since 2008, having developed thousands of trading systems in the last 13 years. My main goal when developing a strategy is long-term growth. All my systems have to pass strict criteria in terms of backtests of at least 35 years (using data from Olsen Data), out-of-sample validations on unseen symbols , Monte Carlo simulations on different data feeds,
497 USD
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Profalgo Limited
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Advanced Scalper
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Red Hawk EA
Red Hawk EA
Profalgo Limited
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Red Hawk MT5
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Profalgo Limited
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299 USD
Grid King
Grid King
Profalgo Limited
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390 USD
Grid King MT5
Grid King MT5
Profalgo Limited
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AutoGenEA
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Profalgo Limited
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Profalgo Limited
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Momentum EA
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Profalgo Limited
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Night Owl
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Swing Trade Pro
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Profalgo Limited
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Momentum EA BOA
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Profalgo Limited
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Profalgo Limited
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Profalgo Limited
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Profalgo Limited
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Grid King LITE MT5
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Profalgo Limited
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Gecko EA MT5
Gecko EA MT5
Profalgo Limited
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Auswahl:
Bhavik Jagdish Patel
248
Bhavik Jagdish Patel 2021.07.30 00:46 
 

I purchased this EA from Wim a month ago now and I have had it running live on both Pepperstone (preferred) and ICM. I thought I would run it for a while before posting a review and so far it has been working very well. There were some concerns with swap costs which have been addressed and the updated version gives flexibility to fix this depending on which broker you are trading with. It also shows he is constantly developing his EAs and listening to any feedback clients give. I also own 4 other EAs developed by Wim and can say hands down his after sales support and products are amazing. I have asked him many questions throughout ownership of all the EAs and he replies right away with the answer I need. I was one of the early adopters of 'The Reaper' and is certainly hasn't disappointed. I would advise running it on several brokers as results will vary across them. Thanks Wim.

33Q
19
33Q 2021.07.28 06:49 
 

Hello, I bought the EA, please add me to your group TELEgram.

Sorensen2090
20
Sorensen2090 2021.07.28 04:48 
 

Hello, I bought the EA, please add me to your group TELEgram.

Frank Paetsch
7465
Frank Paetsch 2021.07.27 17:30 
 

5 Stars EA

Sathit Sukhirun
283
Sathit Sukhirun 2021.07.23 19:53 
 

Very good EA. Thank you! Wim

HanzoShama
152
HanzoShama 2021.07.23 15:32 
 

Thanks Wim. A lot. An amazing EA. Great assistance too. Waiting now for gorgeous withdrawals……

yuji kitamata
747
yuji kitamata 2021.07.20 02:49 
 

It's been a while since I bought it, but the risk is very low and it seems that it will make a stable profit.I like to enter with selllimit.buylimit and settle with t / p! I think it's the best Night Scalping EA I've ever purchased! Wim's EA are all really good EA!

zhoujun8153
343
zhoujun8153 2021.07.15 01:11 
 

There is a big point difference between 23:00 and 1:00,And it also generates a lot of interest, I use ICMarkets RAW account, what should I do? Looking forward to your reply

Profalgo Limited
38741
Antwort vom Entwickler Wim Schrynemakers 2021.07.15 06:13
That is normal and ofcourse it is also on all my accounts; It's a night scalper so it trades during that period. But there are a lot of internal filters that prevent entering trades when conditions are bad.
Also, please use the comments sections for questions, and the review sections for reviews
Wen Bing Chen
485
Wen Bing Chen 2021.07.10 08:53 
 

Stable and low risk, highly recommend. My 3rd purchase with Wim

ow1977mt5
955
ow1977mt5 2021.07.09 22:38 
 

Very good EA. Thank you!

Jan Andrjuchin
266
Jan Andrjuchin 2021.07.09 11:05 
 

The best product I've ever bought on MQL! Thank you Wim.

Carl Tilley
715
Carl Tilley 2021.07.09 10:00 
 

Works a treat! Hardly any cancelled pending orders now. It's logic of which way to enter a trade is very similar to another nightscalper I have so I have trust in that the majority of trades are winners and they are!

vladimir9010
472
vladimir9010 2021.07.08 18:56 
 

Excellent!

Saint Septian Sudjono
283
Saint Septian Sudjono 2021.07.06 10:55 
 

Good historical record either from TheReaper and AdvancedScalper. Please keep it up

Georgios Daskaleas
812
Georgios Daskaleas 2021.07.02 16:20 
 

Some people watch videos on youtube, some others buy books for trading and/or attend torturous seminars. Well, after almost 2 decades of trading the FX market, when it comes to making money for me there's only one simple thing to do: I buy anything that Profalgo Ltd, offers. Simple as that.

Hui Wang
985
Hui Wang 2021.07.02 06:35 
 

As the old customer, the new product must buy, ha ha, has begun to run today, and the description is the same, the income is considerable !!!!!! Thank you ~

Anatolii Masliukov
785
Anatolii Masliukov 2021.07.01 21:15 
 

Good results for The Reaper EA. Let's check the accounts.

Victor Minaev
1657
Victor Minaev 2021.07.01 20:10 
 

Der Benutzer hat keinen Kommentar hinterlassen

Hong Yi Li
402
Hong Yi Li 2021.07.01 16:10 
 

No one has given stars yet, so give five stars first.

Antwort auf eine Rezension
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)