Market / MetaTrader 5 / Experts /

The Gold Reaper MT5

117 purchases per month

949 USD

Demo downloaded: 31 689

Published: 1 February 2024

Current version: 4.91

The Gold Reaper MT5

4.48

Experts
Profalgo Limited
Profalgo Limited
Profalgo Limited

Malta

96848
4.1 (1007)
Developing EA's since 2005, I believe I can call myself an experienced EA trader.
In creating my systems, the most attention goes to having a controlled risk and a good Risk/Reward ratio.

27 products 29 signals 9 topics 29 comments
Version: 4.91
Updated: 30 September 2026
Activations: 10

PROP FIRM READY! (download SETFILE)

WARNING:

Only a few copies left at current price!
Final price: 990$
Get 1 EA for free (for 3 trade accounts) -> contact me after purchase

Ultimate Combo Deal -> click here

JOIN PUBLIC GROUP: Click here

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 +20 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.

Gold Reaper is a Trendsetter. Many developers are now trying to make their own version of my breakout strategy approach. (This means I obviously did something well ;-) )

But nothing beats my unparalleled level of support, and the awesome private community I've build for my clients!

And that is the real value you'll get with my products:

Best support anywhere
+20 years of experience
Vibrant, Living community where clients share their experience and performance.
Real Live accounts and Proven Track record

Unmatched Value For Money... Period.

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: 600$

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: H1

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...

424

Soravit Tangkana 2026.09.28 08:37 #

best in the market

318

Thai Son Nguyen 2026.09.28 01:20 #

The Gold Reaper by Wim is a solid EA. It's been profitable for several of my accounts. Keep in mind that it is a breakout EA, which means it makes the most money when there is an actual breakout. There are often fakeouts which the EA may lose some money in the short term, this is normal and not a reason to panic. Just leave it running, there will be a real breakout and Gold Reaper will capture the move. Wim has intentionally designed the bot so that the win will outweigh the losses. I was a bit frustrated by the losses at the beginning too, and then the real breakout happened and Gold Reaper made big profit. My accounts are in profit since early August 2026. Have trust in the EA, run it for at least 6 months. Wim is a highly regarded dev on MQL5 so you know he's on your side. Thanks Wim.

PS: I received a bunch of generic messages from people on mql5 trying to sell me into some BS. Don't bother, I won't reply

Semih Seyir 2026.09.14 21:39 #

I don't put on reviews really often. But I have been using the EA for a year now, and the results are steady, the quality is here. I like talking with numbers so here are mine : passed a 50k funded next account in about 4-5 months brilliantly (zero manual trade). The bot has got 3k usd (great with my protective settings) in payouts in 6 months. The quality is absolutely here because I have not seen more than 2% drawdown on this account. Tested it live, manages my live account amazingly with more agressive settings. I messaged Wim whenever I struggled and he always answered within a day, one of the best user support I've seen. Thank you for the quality and the transparency.

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8+ years of live track record with +12,000% account growth: Live performance MT 4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make profit Supported cu

2 800 USD

XAUUSD Liquid AI – M1 Momentum Scalping Expert Advisor ORIGINAL PRICE $1500 TAKE THE OPPORTUNITY NOW WHILE OFFER LASTS XAUUSD Liquid AI is an automated trading system that analyses short-term price momentum using micro-trend analysis, volatility filters and adaptive trade management. The Expert Advisor combines momentum analysis, exponential moving averages, candle structure, tick volume and Average True Range (ATR) calculations to determine trade entries according to its configured rules. The

1 200 USD

Symbol XAUUSD Timeframe (period) H1-M15 (any) Support for single-position trading YES Minimum deposit 500 USD (or the equivalent in another currency) Compatible with any broker YES (supports 2 or 3-digit brokers. Any deposit currency. Any symbol name. Any GMT time.) Runs without pre-configuration YES If you are interested in the topic of machine learning, subscribe to the channel: Subscribe! Key Facts about the Mad Turtle Project: Real Machine Learning This Expert Advisor does not conn

1 599 USD

FXCOW SMART EA Not Just an EA. A Complete Automated Trading System. The market moves fast. Opportunities can appear and disappear in moments. FXCOW Smart EA is built to analyse market structure, identify potential breakout opportunities, and automatically execute trades when its conditions are met — while managing the trade from entry to exit. This isn't simply an EA that opens trades. It's a complete trading system built around analysis, execution, and risk management. READ THE MARKET. FIND TH

1 199 USD

Two lines, always circling — 21 and 49. Most of the time they say nothing. Then they cross, and the system stops waiting. It closes what it was holding, opens what the cross demands, and sets its stop and target without asking twice. Risk is sized off the account itself, not fixed guesses — one bad calculation and it simply declines to trade at all. No indecision, no averaging in. Every new bar gets exactly one verdict. Built for any symbol, any timeframe. Fast against slow — the rest is ari

3 499 USD

Pips Architect Pips Architect is an automated trading Expert Advisor for MetaTrader 4 and MetaTrader 5 , using time-series analysis and dynamic market modeling. The Expert Advisor works without third-party indicators and provides flexible control over trading logic, risk management, order execution, and position management. Main Features • Real-time market data analysis • Automated trading 24/5 • Market and pending orders • Real and virtual trading modes • Multi-symbol trading • Timeframes from

1 228 USD

Transparent pricing model. The price increases with each stage of sales. Next stage: $1000 . Live Signal +14 Months • Low Risk Live Signal +8 Months • Medium Risk Live Signal New • $100 000 Account Darwinex How Aero works Aero is a fully automated Expert Advisor for XAUUSD (Gold) , built on a breakout strategy . Breakouts on Gold offer some of the best entry opportunities: key levels are broken almost every day — the problem is that far from every one of them follows through. This is exactly

2 000 USD

Official Purchase Notice CasperIT AMI Trader is sold exclusively through the MQL5 Market. We do not authorize any Telegram channels, websites, or third-party sellers to distribute or sell this product. Software obtained from unofficial sources is not supported, does not receive updates, and may be modified or unsafe. CasperIT Adaptive Market Intelligence Trader MT5 Overview CasperIT Adaptive Market Intelligence Trader (AMI) is a fully automated Meta Trader 5 Expert Advisor that combines trend, m

999 USD

1 699 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 3 trade accounts) -> contact me after purchase Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here Live Signal LATEST MANUAL 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 e

949 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

PROP FIRM READY! --> DOWNLOAD ALL SET FILES WARNING: Only a few copies left at current price! Final price: 990$ NEW (from 399$ only) : Choose 1 EA for Free! (limited to 2 trade accounts numbers, any of my EAs except UBS) Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here Live Signal Live Signal 2 !! THE GOLD PHANTOM IS HERE !! After the massive success of The Gold Reaper, I'm extremely proud to introduce its powerful brother: The Gold Phantom , a pure, no-nonsense breako

649 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

649 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.

649 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

649 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: 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 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

649 USD

549 USD

NEW PROMO: Only a few copies copies available at current price! Final price: 999$ NEW: from 349$ or higher --> 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

399 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

599 USD

NEW PROMO: Only a few copies copies available at current price Final price: 999$ NEW: From 349$ or higher --> 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 i

399 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 VERSION 4.0 LIVE RESULTS OLD VERSION FINAL RESULTS 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 be

549 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 !! 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 many years. It uses very advanced exit-algorithms and has a build in spread-filter and slipp

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 ! 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

549 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

499 USD

549 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

PROP FIRM READY! LAUNCH PROMO: VERY LIMITED NUMBER OF COPIES AVAILABLE AT CURRENT PRICE! Final price: 990$ NEW: From 349$: Choose 1 EA for free! (for max 2 trade account numbers) Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here LIVE RESULTS INDEPENDENT REVIEW Welcome to "The ORB Master" : Your Edge in Opening Range Breakouts Unlock the power of the Opening Range Breakout (ORB) strategy with the ORB Master EA: a refined, high-performance Expert Advisor designed for moder

499 USD

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Soravit Tangkana 2026.09.28 08:37 #

best in the market

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Thai Son Nguyen 2026.09.28 01:20 #

PS: I received a bunch of generic messages from people on mql5 trying to sell me into some BS. Don't bother, I won't reply

Paul Thomas 2026.09.26 11:29 #

I am not sure how this EA is rank on the top 5 on MQL5, but its been draining my account. After what i have paid for it its draining my account on a daily basis. The EA has been running for a month and i had more losing trades then winning trades. MQL5 must really get their facts right on these EAs. I am rating this EA one star.

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Reply from developer Wim Schrynemakers 2026.09.26 12:52 #

It ranks first because it did +300% with limited drawdown and almost a perfect growth curve. And many clients appreciate that and my support. However, trading involves losses as well, and it appears that you believe losses are avoidable? I think your review is way to early, since you mentioned to me you suffered about 5% drawdown with default settings (which can have up to 30% drawdown according to backtests). I still recommend the same as what I told you: run visual backtests to you get to learn how the ea actually behaves. It seems you do not know what to expect from this ea and made conclusion on the idea that it would be a straight line up? That is not trading.. at least not real trading.

Semih Seyir 2026.09.14 21:39 #

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Reply from developer Wim Schrynemakers 2026.09.15 04:21 #

thx mate!

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Markus Peter Hohmann 2026.09.14 14:18 #

I am constantly on the lookout for an EA that performs well on my Swissquote account. While Swissquote offers fast execution, the spreads (sometimes exceeding 500 points) and leverage (1:100) present challenges that hardly any program successfully overcomes. "The Gold Reaper" manages it—earning a big "Wow!" from me! TGR is intuitive to configure, and various set files are available that can be fine-tuned. I haven't had much contact with the author so far, but the interactions I have had were always positive and supportive. I will post updates on TGR's performance in the comments at irregular intervals.

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Reply from developer Wim Schrynemakers 2026.09.14 14:56 #

thx for your feedback Markus! Happy to hear you felt the "Wow" effect ;-)

Blake 39 2026.08.20 09:29 #

Wim is the best EA seller out there, he answered all your questions, most importantly he will lace you up when you have issue on installing the EA. Highly recommended!

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henkhuppelschoten 2026.08.16 12:22 #

The best breakout EA

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Pablo Sanz Moniche 2026.08.08 16:55 #

Very good. It is a human-driven system, so occasional losses are to be expected — but the overall results are solid. I rented for three months and have already recovered the rental cost plus a portion of the purchase price within just a few weeks. I started with a $15,700 balance and gained $809 between July 13th and August 8th — the numbers speak for themselves. Will the EA maintain this performance? No one can guarantee that, but the returns are clearly not the result of luck; they reflect a well-designed strategy. Wim's support is exceptional — responsive, patient, and seemingly available around the clock. The only issue is a technical one with the balance figure showed on the EA but Wim and I are currently working on that.

Update 27/09/2026:

I started on July 13th with an exact balance of $15,668. Today, on September 27th, my balance has reached $18,069. That is a clean profit of $2,401 in just two and a half months.I initially rented the EA for 3 months, but I will absolutely be buying the permanent license when it expires. The Gold Reaper EA is literally going to pay for both the rental fee and the purchase price using only the profits it generated during this period.The best part about this system is that you don't need to be glued to the screen. You just set it up, forget about it, and check your balance every couple of days while your money grows.Wim's support remains exceptional. We even solved a couple of setup mix-ups triggered by my dyslexia ("-How do I set up the balance properly? -Like this. -Like that? -No, exactly the other way around!"), and he was incredibly helpful.Honestly, since renting this EA, I now only look for systems that use a strict Take Profit and Stop Loss for each individual trade. No grids, no martingales. Just a warning for new users: don't expect to see trades every single day. The equity curve moves like steps; you might see 3 or 4 days with absolutely no market activity, and then suddenly you wake up to an extra $600 in your account, followed by another 3 days of quiet.It is pure, robust statistical edge. Highly recommended!

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ReptonPark777 2026.08.05 21:03 #

I have used the gold reaper for a little over one month and I can confirm that it is everything that it is advertised to be. Excellent strategy that clearly has an edge in the Market. Backtests conform with live account and my trades more or less match the ones on the live signal. When it comes to trading gold, TGR leads the way while others follow. Congrats Wim for this work of genius.

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Reply from developer Wim Schrynemakers 2026.08.06 03:49 #

thanks you! :-)

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Paula Bianca Van Kerchove 2026.07.09 12:35 #

User didn't leave any comment to the rating

545

bc01 2026.06.14 22:16 #

Started to use gold reaper. Very unpleasant surprise to see very first 2 trades in minus, because orders were filled immediately after roll over after weekend in gap. EA needs protection, for example remove 5 minutes before market close (parameter) and introduce pending orders 5 minutes (parameter) after market open. This is basic gap protection. I will adjust review depending on performance and author improvements 1 star only.

UPDATE: 2 stars, increased to 2 stars, author came back immidiatelly, good support. More losses.

I still consider deleting an opening of pending orders shortly before close and after open. Trigerring of pending order at market open will be loss as the spread is easily 20-40 usd. Not just Friday

Will update again after 3 months what performance will ne achieved.

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Reply from developer Wim Schrynemakers 2026.06.28 13:59 #

Hi mate, you can't write a review based on 2 trades. that is just very unrealistic. Also, These 2 trades were basically break even. I had them too.
Even more, the EA has an option to prevent this, by removing all pending orders before the weekend (Friday Stop Hour parameter). So simply reading the manual before starting to trade could have prevented this.
Update: my account and other clients are making new highs. Maybe you should consider not intervening with the EA that has proven already for almost 2 years that it’s able to be profitable just “as is”?

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Andrei Koval 2026.06.13 08:01 #

I think this EA is MQL5 modern classic! Using TGR from November 2025 - very advanced, very predictiable, stable TRADING system with no "improved core for current market conditions" updates. Almost every bad review is from "holy grail" seekrs. And yes - wim is very nice person too. Must have alongside with his gold phantom and gold trade pro.

Roman Tressler 2026.06.11 13:18 #

I've been using the Gold Reaper for two days now and have made 10% of my capital. So far everything is working as it should, I'm satisfied so far!

RussellKing 2026.05.26 16:22 #

I see some users with negative results having started recently but unfortunately some periods of drawdown do of course happen - otherwise they would be magic money printing machines and everyone would be a billionaire!. Hopefully they will stick with it and see good results om time. I have been running Gold Reaper as part of a portfolio of EAs since the start of this year, not all are yet profitable but for me Gold Reaper is the star - on this EA alone I am up nearly £8,000 (on a £20,000 start balance). It is true there have been some up and downs in the time I have been running it but on average it is my best performing EA.

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Quoc Bao Tran 2026.05.07 02:41 #

Wim is very kind, and friendly, always help me to set up the bot. Gold Reaper is a profitable bot. But in my opinion, the minimum initial should be 2k5-3k, and if you dont want risky, you should use the low risk setting. My broker sometimes dont match with his signal, sometime i get unprofit when his signal have profit. I used broker Exness and Icmarket. Not for all broker.

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Reply from developer Wim Schrynemakers 2026.05.07 03:08 #

thx for the review! The historical max drawdown for "very conservative" setting is around 300$. So 2.5K really isn't needed to start. It all depends on how you set up the EA

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Souma 2026.05.04 14:01 #

Best EA!! You don't need other EA.

602

Mirco Lupinetti 2026.04.22 12:05 #

User didn't leave any comment to the rating

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Matthew Lewis Beedle 2026.04.21 21:57 #

Hard to really argue with the results of this EA. It clearly does have an edge on the market (at least for now) and that shows both in my results with it and also the live signal. My main criticism of most Gold EAs is that any EA that buys often will have done well the last 2 years, no matter how dumb the signals might be. But for GoldReaper, it isn't buy only, it can sell as well and it effectively takes scalps and sometimes the odd big win on breakouts of major liquidity gaps. My general advice to people who consider it is 1) If you're running a small account, be very careful, gold isn't ideal on small accounts 2) I personally think the default settings are too risky, but that's just my take 3) It doesn't trade so often so if you are a trading dopamine junky, better off just buying a scalper or one of the scam martingale grid systems instead. Overall, so far so good 6 months in. PS to anyone leaving reviews after just 1 month (positive or negative), please don't.

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Reply from developer Wim Schrynemakers 2026.04.22 04:34 #

thx mate!

CosmosElite 2026.04.03 03:26 #

One of the worst EAs on the MQL marketplace.I lost my account.

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Reply from developer Wim Schrynemakers 2026.04.03 04:35 #

this must be some kind of joke?
Gold Reaper is one of the best EAs on the market. Ask anyone. How in the world did you lose your account when using my recommended settings? Or maybe you thought it was a good idea to run your own settings without testing them first? Since there were almost no trades in the last few days on "normal" settings, I assume you tried the "extreme" setting on a small account? Which would be completely against my recommendations.

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Wieger De Wit 2026.03.21 20:11 #

The best breakout EA on the MQL marketplace from one of the best developers on the MQL market.

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The Gold Reaper MT5

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