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The Reaper EA MT5

3.34
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.




















































































































Bewertungen 20
Sathit Sukhirun
1295
Sathit Sukhirun 2023.03.02 16:18 
 

perfect Ea

Sh_Mikhail
226
Sh_Mikhail 2023.01.07 06:21 
 

Running low risk on selected pairs for a year now and happy with the performance. Also happy with the performance of Red Hawk that I got as a bonus with Reaper

elkumbu
27
elkumbu 2022.07.28 15:52 
 

Good product. I use it conservatively on my trading account. The recommendation would be to not mess with the recommended config by the author and use it in its current state. It works very well. Would be good if it could trade for more than 2 hours, but I am not complaining. The last couple of weeks have not been good, but you are never going to win every bet right so. Hang in there and always let the EA work its magic. Patience is the key for me, I suppose. Good product. Deserves 5 stars.

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Experten
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4.36 (39)
Experten
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
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Experten
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Experten
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5 (1)
Experten
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Experten
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Experten
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4.12 (41)
Experten
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Profalgo Limited
3.9 (63)
Experten
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The Viper EA
Profalgo Limited
3.46 (13)
Experten
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Profalgo Limited
3.2 (5)
Experten
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Red Hawk MT5
Profalgo Limited
5 (5)
Experten
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 exec
The Viper EA MT5
Profalgo Limited
4.08 (12)
Experten
Aktuelle Aktion: Nur noch 1 für 349 $ übrig Endpreis: 999 $ Schauen Sie sich unbedingt unser „   Ultimatives EA-Kombipaket   “ in unserem   Promo-Blog an   !   Live mit geringem Risiko   :    https://www.mql5.com/en/signals/1492890 Der Viper EA verwendet während des Ranging-Zeitraums der Handelssitzungen (zwischen 23 Uhr und 1 Uhr GMT+2, US DST) scharfe und effektive „Mean-Reversion“-Entries.    Diese Trades haben bereits eine sehr hohe Erfolgsquote, aber wenn sich der Markt gegen die Posit
Auswahl:
Kai Jun Zheng
244
Kai Jun Zheng 2024.02.12 03:11 
 

Hope to contact you, I have some questions to ask!

Sathit Sukhirun
1295
Sathit Sukhirun 2023.03.02 16:18 
 

perfect Ea

Sh_Mikhail
226
Sh_Mikhail 2023.01.07 06:21 
 

Running low risk on selected pairs for a year now and happy with the performance. Also happy with the performance of Red Hawk that I got as a bonus with Reaper

a121el1e
217
a121el1e 2022.11.25 02:07 
 

Use this EA for A year and not profitable. The author also don't make any good improvement for this ea but instead keep making new night scalper EA. Not Recommended.

Guo Min Lu
162
Guo Min Lu 2022.08.05 04:08 
 

购买这个EA超过半年了，告诉大家这是个亏钱的EA

elkumbu
27
elkumbu 2022.07.28 15:52 
 

Good product. I use it conservatively on my trading account. The recommendation would be to not mess with the recommended config by the author and use it in its current state. It works very well. Would be good if it could trade for more than 2 hours, but I am not complaining. The last couple of weeks have not been good, but you are never going to win every bet right so. Hang in there and always let the EA work its magic. Patience is the key for me, I suppose. Good product. Deserves 5 stars.

Mohamed Mohamed Attia Ahmed Aly
190
Mohamed Mohamed Attia Ahmed Aly 2022.06.28 14:34 
 

Very bad, the backtest is totally different from real.. please understand that the author makes money from selling EAs not using them...

The author kicked me out of the group, because I asked him to show a proof of using the EA on his big account as he claims... his all signals and proofs on accounts with 100$

Profalgo Limited
60327
Antwort vom Entwickler Wim Schrynemakers 2022.06.28 17:27
I kicked you out because you were insulting me. not what you said about the EA. But about me personally, which has no place in any. Besides, the recommended "best pairs" setup is doing just fine during these turbulent times (https://www.mql5.com/en/signals/1292161). But after some losses you start throwing personal insults instead of asking me for advise. And that I can not tolerate.
Alborz Mohammadpour
178
Alborz Mohammadpour 2022.06.04 02:41 
 

Too many update and no result, sound like the programmer doesn't know what is he doing, making 3 pips per day is not enough for such high price, and most of the day is only loss.

Profalgo Limited
60327
Antwort vom Entwickler Wim Schrynemakers 2022.06.04 08:48
I believe you are either not running on a good broker, or with a wrong setup. I have many customers with very good results. Also, it is not necessary to say that "I don't know what I'm doing"... I'm one of the most trusted developers on MQL5 and have lot of support from my clients
Vladimir Stronskiy
191
Vladimir Stronskiy 2022.04.05 11:42 
 

The Reaper is a great EA. I have been using it for over 6 months. It was a difficult period after the New Year, but today it's working well.

Zhengyan Jia
487
Zhengyan Jia 2022.02.21 09:11 
 

if you run at low risk and focus in long term, this is a perfect EA for you.

Lucy
550
Lucy 2022.02.19 01:19 
 

It requires smarter filter. Logic will not work because of lots of people using the same strategies too much during hyper thin liquidity time.

Profalgo Limited
60327
Antwort vom Entwickler Wim Schrynemakers 2022.02.19 06:52
Hi, there is an option in the EA to "randomize" the entries of the trades. so that "filter" you are talking about is there. Also the rating can be given between 1 and 5 stars. It doesn't need to be 1 or 5.
Alessandro Zecchin
296
Alessandro Zecchin 2022.02.18 13:45 
 

I bought this EA at the end of August 2021 at a cost of 699USD seeing the excellent reviews and the excellent performance of the live account. I have never seen any gains since that time; the live performance no longer gave the gains obtained in the previous months. The seller continued to constantly update the product, without achieving the desired results. I ask for a refund

PHUNPHAN ATTHAPHONG
355
PHUNPHAN ATTHAPHONG 2022.02.17 13:57 
 

I rented it for 6 months. The winning percentage for the first two months was good. After that, every time I updated the EA, the loss increased. It's unclear if the update improved functionality, but the loss increased. I can't register a recommended broker, so please increase it.

david tjan
23
david tjan 2022.02.12 01:09 
 

Der Benutzer hat keinen Kommentar hinterlassen

Tran Duc Anh
1750
Tran Duc Anh 2022.02.07 03:50 
 

i am not profitable with this EA yet. I keep stopping using Reaper

1 star for constantly updating work

Dinh Loc Nguyen
205
Dinh Loc Nguyen 2022.02.03 05:57 
 

Trong 2 tháng vừa qua tôi đã tổn thất 30% với ea này, riêng những ea khác của tác giả vẫn hoạt động tốt

ROLF WILLY ORTMANN
797
ROLF WILLY ORTMANN 2022.02.01 07:46 
 

...

KangaTrev
219
KangaTrev 2022.01.26 04:43 
 

Stopped making money since 15th December 2021. Big losses since 9th Jan 2022. Was a good bot. Not so much anymore.

Anthony Michel Jean Pierre Zunino
160
Anthony Michel Jean Pierre Zunino 2022.01.21 11:51 
 

I rented the EA for 6 months so tested 6 months. The EA is really not bad on the whole it makes gains I will not say the opposite, but as soon as there is a news or that the market is disturbed the EA is not useful any more, it does not have filter news therefore it loses money... I specify anyway that I used the preset of the author and the pairs advised for the mode B, I think that the author will have to integrate a filter news so that the EA does not trade when there is important news, with that the EA would be perfect! I won't buy it until there is that

Abdelmaseh Adel Azez Abdelmaseh
619
Abdelmaseh Adel Azez Abdelmaseh 2022.01.21 10:58 
 

I lost within 3 days 971$ from initial capital, I will update the review and rating when I covered losses, I attached the statement at the comments tab

123
Antwort auf eine Rezension
Version 7.3 2023.06.07
fixed problem with repeating messages

RECOMMENDED UPDATE!!
Version 7.2 2023.04.19
fix bug in date calculation
Version 7.1 2023.04.18
fixed bug in news filter
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 trading 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
Version 6.1 2022.02.11
fixed gbp newsfilter 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
adjusted news filter to surely block high impact news, that was until now marked as "medium impact" with the current newsfeed source
Version 5.8 2022.02.02
added specific filter for AUD RBA news
Version 5.7 2022.01.31
Version 5.7
- improved URL readingeading
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
Version 5.3 2022.01.26
fixed "licence not valid" issue
Version 5.2 2022.01.26
removed message overload during backtesting
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 (does not affect actual trading)
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
Version 3.7
- slightly improved algorithm
- Improved Performance Monitor -> added option to reset limited lotsize if shortterm performance is positive
Version 3.5 2021.11.30
adjusted EURUSD and USDJPY settings (no more forced minimum TP hardcoded internally)
Version 3.4 2021.11.26
fixed US Holidays 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 2021.10.15
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. Please update
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 about 20% more trades
Version 2.0 2021.09.23
Version 2.0
- added option to split a trade into multiple small ones for better execution
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 1.98 2021.09.18
Adjusted internal name for Reset Forced TP parameter so that it works with the same set files as MT4
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 1.95 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 1.92 2021.08.31
Switched URL for autoGMT. will work better
Version 1.91 2021.08.31
- If Web based GMT fails to load, it switch back to VPS based GMT calculation instead of aborting the EA
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
fixed small bug swapfilter
Version 1.84 2021.08.14
added swapcost filter
Version 1.83 2021.08.12
fixed zero divide when using Risk Per Trade, causing to stop the EA
Version 1.82 2021.08.05
improved Triple Swap algo
Version 1.81 2021.08.03
- added spread filters to adjust
Version 1.8 2021.07.21
- improved protection against setting up the EA wrong when using OneChartSetup
Version 1.7 2021.07.17
. fixed OneChartSetup for brokers that use a suffix