Market / MetaTrader 5 / Experts /

The Gold Reaper MT5

33 purchases per month

599 USD

Demo downloaded: 18 574

Published: 1 February 2024

Current version: 4.3

The Gold Reaper MT5

4.47

Experts
Profalgo Limited
Version: 4.3
Updated: 16 December 2025
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 2 trade accounts) -> contact me after purchase

Ultimate Combo Deal -> click here

JOIN PUBLIC GROUP: Click here

Live Signal

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 +15 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.

NOTE TO GOLD TRADE PRO USERS:

Even though both EA's run similar strategies on Gold, the correlation between the two is actually very low.

Running both EA's together even shows a much stronger growth and this while the maximum drawdown stays about the same or even goes down in some setups! (see screenshot)

For guidance regarding setup of running both together, please contact me in private message.

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: 300$

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 of the chart doesn’t matter.

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...

102

Rudy74 2025.11.30 10:29 #

I’ve been using The Gold Reaper along with several other EA’s from Wim for quite some time now, and I can honestly say the results have been excellent. The combination of his EA’s is very profitable over the long term, as long as you manage risk properly and stay patient. Wim is also one of the very few honest developers on MQL5. He provides consistent updates, keeps improving his EA’s over time, and offers outstanding support, even though he has a large number of users. His follow-up is always clear, fast, and helpful. I trust his work completely, which is extremely rare on MQL5, where many developers unfortunately manipulate backtests or sell dangerous systems. Wim is the exact opposite: transparent, competent, and reliable. I highly recommend The Gold Reaper and all of Wim’s EA’s to anyone looking for long-term, sustainable performance.

357

Abdullah Uygar Tuna 2025.11.16 19:24 #

For me, the Gold Reaper is the bible of Expert Advisors. It’s arguably the best product from one of the most friendly, honest, responsive, and skilled developers in the market. I’ve been using it on both MT4 and MT5 with solid long-term performance—as long as you don’t panic during the inevitable drawdowns. Truly legendary.

455

Jorge Dominguez Martinez 2025.11.11 07:45 #

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Burning Grid EA MT5 – Multi-Pair Grid Power with Adaptive Risk Trade up to 35 forex pairs simultaneously with intelligent strategy selection, flexible risk profiles, and dynamic drawdown control. Manual: https://magma-software.solutions/burning-grid/bgmanual-en.html Latest Setfiles : https://magma-software.solutions/burning-grid/bgmanual-en.html#14 Community : https://www.mql5.com/en/messages/0151274c579fdb01 Video Posts: https://www.youtube.com/@MagmaSoftwareSolutions My Expert Advisors: ht

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Aurum Sentinel Pro – Der Multi-Timeframe FVG Jäger für XAUUSD Entfessle die Macht der Fair Value Gaps über mehrere Zeitrahmen hinweg! Der Aurum Sentinel Pro ist ein hochspezialisierter Expert Advisor, entwickelt für den König der Devisenmärkte: XAUUSD (Gold) . Er nutzt eine ausgeklügelte Multi-Timeframe-Strategie, die auf der Identifikation und Ausnutzung von Fair Value Gaps (FVGs) basiert – jenen machtvollen Unstetigkeitszonen im Markt, die oft als magnetische Anziehungspunkte für den P

700 USD

Mean Machine GPT Version 11.0 - Where Institutional Intelligence Meets Specialized Trading Since pioneering genuine AI integration in algorithmic trading, we have refined this approach through multiple market cycles, economic regimes, and technological evolutions. What began as our conviction that adaptive machine learning represents the natural progression of quantitative trading has become an industry direction. Version 11.0 marks our most sophisticated implementation yet. This is not AI as m

2 097.53 USD

Let me introduce you to an Expert Advisor, built on the foundation of my manual trading system — Algo Pumping . I seriously upgraded this strat, loaded it with key tweaks, filters, and tech hacks, and now I’m dropping a trading bot that: Crushes the markets with the advanced Algo Pumping Swing Trading algorithm, Slaps Stop Loss orders to protect your account, Perfectly fits both "Prop Firm Trading" and "Personal Trading", Trades clean without martingale or crazy grid systems, Runs on the M15 tim

749 USD

Price: 606$ -> 808$ How To: Manual ENEA mt5 – Regime-Switching + GPT5 with Hidden Markov Models (HMMs) ENEA mt5 is a state-of-the-art, fully automated trading algorithm that combines the power of artificial intelligence in the form of ChatGPT-5 with the precise statistical analysis of a Hidden Markov Model (HMM). It monitors the market in real time, identifying even complex and hard-to-detect market states (regimes) and dynamically adjusting its trading strategy to the prevailing conditions.

606 USD

The Bitcoin Robot MT5 is engineered to execute Bitcoin trades with unparalleled efficiency and precision . Developed by a team of experienced traders and developers, our Bitcoin Robot employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with M5 timeframe , ensuring that you never miss out on lucrative opportunities. No grid, no martingale, no hedging, EA only open one position at the same time. Bit

1 599 USD

HFT AI FAST SCALPER V10.1 The most advanced release of our EA so far, rebuilt with fully integrated AI decision-making , multi-AI voting , and dynamic trading logic . Now it’s not only designed for XAUUSD (Gold) on M1, but also supports BTCUSD and ETHUSD with high-frequency entries, smart risk management, and full adaptability. This EA combines OpenRouter-connected FREE AIs with advanced filters for precision trading in any market condition. Interactive Manual V10.1 and presets: https://w

900 USD

MultiWay EA is a smart and efficient automated trading system built on a powerful mean-reversion strategy. Thanks to broad diversification across nine correlated (and even some typically “trending”) currency pairs — AUDNZD, NZDCAD, AUDCAD, USDCAD, EURUSD, GBPUSD, EURCAD, EURGBP and GBPCAD — it captures price moves back to the average after strong directional impulses. After purchase, please send a private message to receive full setup instructions. Live Signal: CLICK HERE Current price — only

1 984 USD

The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S

1 299 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

599 USD

1 249 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

599 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$ 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

599 USD

LAUNCH PROMO: Only a very limited number of copies will be available at current price! Final Price: 999$ NEW (from 349$) --> GET 1 EA FOR FREE (for 2 trade account numbers). Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here LIVE SIGNAL LIVE SIGNAL V2.0 UPDATE 2.0 INFO Welcome to the BITCOIN REAPER! After the Tremendous success of the Gold Reaper, I decided it is time to apply the same winning principles to the Bitcoin Market, and boy, does it look promising! I have been

499 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 2 trade accounts) -> contact me after purchase Ultimate Combo Deal -> click here JOIN PUBLIC GROUP: Click here Live Signal 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

599 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 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

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.

599 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

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

599 USD

NOTE: only recommended for these pairs currently: EURAUD;GBPAUD;GBPCHF;EURCHF;AUDCAD and AUDUSD 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 ! Live monitoring : https://www.mql5.com/en/signals/1422803 The Viper EA uses sharp and effective "mean reversion" entries during the ranging period of the trading sessions (between 23h and 1h GMT+2, US DST). These trades already have a very high su

149 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

549 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

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 slippag

549 USD

NOTE : Please run only on GBPCHF and GBPCAD for now 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 ! STARLIGHT is a very advanced, low risk night scalper which uses a unique approach to the entry algorithm compared to other night scalpers. 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

149 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

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 executi

129 USD

NIGHT OWL is a night scalper that trades during the most quiet times of the market. Markets tend to range in that period and the EA will trade those ranging movements. Each trade will have an initial stop loss and take profit, but the EA uses also advanced SL management algorithms that will evaluate the strength of the trades and close out early if necessary. The EA works on all pairs that have stable spread and quiet moves during the night. But it is programmed to also handle bigger spreads wit

125 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 ! 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

249 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

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 Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker. IMPORTANT F

129 USD

149 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

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

499 USD

Filter:

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Rudy74 2025.11.30 10:29 #

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Abdullah Uygar Tuna 2025.11.16 19:24 #

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Reply from developer Wim Schrynemakers 2025.11.16 19:35 #

thx mate!

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Jorge Dominguez Martinez 2025.11.11 07:45 #

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Reply from developer Wim Schrynemakers 2025.11.11 07:49 #

thx mate! much appreciated!

hrosaniaphd 2025.09.29 04:57 #

-great product.

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raja5655 2025.09.11 17:12 #

Honesty and integrity. I bought it two days ago at the previous discount. I haven't used it, but I tested it and invested $1,000 in it. Most importantly, as of its update date of July 17, 2025, you'll find that it has made $250 profits so far, which is a good 25%. The writer is responsive and very reliable. He's not one of those programmers who lose money and the expert is removed. I wish everyone the best.

800

Ibrahim Siraz 2025.07.23 05:08 #

I’ve bought many EAs from MQL5, joined several groups, and spoken with many developers , and I can confidently say Wim stands above the rest. He is transparent, honest, and explains everything in detail without any manipulation. The experience with his group is completely different — supportive, respectful, and helpful whenever someone opens a discussion. I’m currently using five of Wim’s EAs on a single account, and I’m very satisfied. Highly recommended!

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Reply from developer Wim Schrynemakers 2025.07.23 05:19 #

thx mate! lovely to hear that!

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Robert L 2025.07.19 16:10 #

I've been using multiple EAs from this author, and each one has performed exactly as advertised. They are reliable and consistent, and with proper risk management, they deliver long-term profitability. The support from the author is also responsive and helpful. Definitely a trustworthy developer worth following.

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Reply from developer Wim Schrynemakers 2025.07.19 16:13 #

Thx for the review! Much appreciated

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Sam Mirzagharcheh 2025.05.17 09:23 #

After five months of thorough testing in a demo account and subsequently using it live, I can confidently say that the backtest, demo, and live accounts yield identical results. This EA is genuinely reliable, without any AI or gimmicks involved. What sets this EA apart is the author's commitment to support. They are always available and remarkably helpful, providing consistent updates and upgrades to ensure the software adapts to real market conditions. If you're looking for a trustworthy EA, this one is definitely worth considering!

226

bi mo 2025.05.17 02:13 #

Great EA, solid risk management and REAL profit curve.

cassfal 2025.05.10 18:42 #

Very solid EA! Run it toghether with Gold Trade Pro and Goldbot One

173

RehanRM M 2025.05.10 14:18 #

The Gold Reaper is a great ea IMO. it had issues in the past (even then it would've recovered the losses with time) but ever since the ea had been updated major profits have been made with minimum drawdown its now a very reliable ea and i trust it to run it on my live account i expect a max drawdown of 15% at the total max but based on the eas peformance i assume it will be below 7.5% with the set files with profits still exceptional in 2025 its up 11% very happy with it i recommend this ea. Wim support is top tier always responds to questions and very nice I highly recommend his combo deal ive been running it for 11 months and im very happy with the results especially in 2025 im up 40% on low settings unreal results very good price for what you get go get it!

martinyl 2025.05.07 10:05 #

Muito bom produto, cumpre tudo o que diz, e o suporte e EXCELENTE, inclusive remotamente. Altamente recomendado, ja estou de olho em outros produtos do mesmo programador

723

Kris Jef Saelen 2025.04.24 14:26 #

I'm running since a few The Gold Reaper and i have only wins so far. The EA is running very stable and i have made some nice gains with low risk. Wim did a great job with this EA and his support is excellent.

175

Daichi Matsuki 2025.04.01 06:31 #

My live results are in perfect agreement with the backtests. The developer is trustworthy. This EA is by far the best. You will understand how amazing this EA is if you continue to use it for a long time.

198

Sharif Hamwi 2024.12.16 01:40 #

The Gold Reaper Has been a great ea since day one and the author only keeps improving it to make it even better and better. Just wanna say thank you for all you hard work and honesty mate!!

318

Gravity Tool 2024.11.09 08:35 #

I have had the Gold Reaper as part of my portfolio for a few months now. It works as expected and the live results are in line with the backtests, which I think is a very important point. In some reviews here people complain about the drawdown period of the EA in the last few months. While it is true that the EA has not performed very well for a few months, it has been clearly positive since the product was released. So I don't understand some of the reviewers. This is trading. If you want a regular income, go and buy some bonds. That is fine, but you might miss the opportunity for higher income if you just stick to your trading strategy for the long term. And this is possible with the developers (Wim) EAs like this one as shown on several of his live accounts. He is very helpful and responsive to all my questions (and patient!). If some people report a 50% drawdown in a few months, I recommend to check risk management. Because that is up to the user, not the EA. Personally, I use several EAs in my portfolio, so a drawdown period for one EA would not dramatically affect my overall portfolio. For this setup I can also recommend Wim's other EAs because they are not highly correlated. To sum up: Great EA, great support, great evolution of the strategy, so a strong recommendation from me.

994kk 2024.10.30 23:43 #

I got the combo offer for the Gold Reaper and Gold Trade Pro. I started running them both in mid April on barebone stock settings. I set up a demo account with IC markets which is one of the developer's recommended brokers. Demo account with $1000 balance trading 0.01 lots. I did a backtest with $10000 from Jan 2021 to April 2024 also trading 0.01 lots. Backtest showed $1000 in profit over that period. I was underwhelmed by that but I thought in conjunciton with the other algo it will make some real money. On the demo account, the bot made 40% profit (+$400 on the initial $1000 balance) in about 2 weeks. I was impressed but decided to keep running it in demo as 2 weeks is too short of a period obviously. I saw some people leaving a review after running it for that much lol. Next time wait a bit more ;) For a month after the first two weeks nothing happened, the balance was slighly up and down but no major move. Then in month 2 things got hectic - the bot started losing, went down to $1200. Then it kept losing and on month 4 it got down to $800. That's almost a 50% drawdown. I decided to keep running it tho. Month 5 it got to $1200, then $1600. I thought maybe that's how it works so I kept running it. I actually forgot about it for a while. Then mid October which is exactly the 6 month mark I checked it again. It was at $900 from $1600. A bot that makes 30-45% drawdown swings every other month I can only call unreliable. The MyFXBook of the Gold Reaper also shows that same unreliability. True, it's an actual strategy rather than a martingale BUT I'm yet to see it make any consistent profit. Gold's been making all time highs since I started running this EA. If it's not making money now, when will it? I actually stopped it. I'm never giving it any real money. Not worth the risk. If I could, I would get a refund. Also prop firms - if you're thinking of using this EA on one - probably think again. Wim, no hard feelings mate. You give the impression of being a cool dude. Response time was always fast but I actually prefer a bot with 0 customer support that makes money over a fast response time for a bot which doesn't. Cheers.

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Reply from developer Wim Schrynemakers 2024.10.31 06:14 #

Thank you for the feedback.
While I agree on the fact that the last few months were tough, I believe in the longterm strength of the strategy. The EA has similar periods in the backtests, and has already proven that it can recover very quickly in a short time.
Also, I made various improvements to the EA, some of which have only recently been released. to see the effect of those improvements, we need a few months. I understand that most can not handle this type of longterm strategy, but I believe that in order to win in forex, it's the only way. I know this, because I've been doing this for +15 years and the only way I started to actually become profitable year after year, is by avoiding the nice straight line EA's, and using real systems only. they require a stronger stomach, but all I can guarantee that all the straight line EA's all end the same: margin call. Since you still have the bot and MQL5 does not offer refunds once a product has been used, I can highly recommend to keep running it on demo (live and demo results match almost 100%), so you can still evaluate the EA long term (check my live results by the end of the year as well..)
This EA has a lot in common with Goldtrade Pro regarding strategy. And Goldtrade Pro has already shown how it comes out of drawdowns blasting. And that one is still up 90% this year, despite several negative months this year. Gold Reaper will do the same

160

Nunthiwut Choosuwan 2024.10.22 11:26 #

Wim is a goodguy I have both gold reaper and gold trade pro. In the beginning it work but after my ac dd 40-50% so I decide stop used

Update 2025 after have false breakout filter it really good.

631

David Alba Mourenza 2024.10.19 09:17 #

It's destroying my earnings for the year, I'm deleting it from my portfolio to protect my account.

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Lasse Mathias Baagoe S Christensen 2024.09.30 10:59 #

It's alright

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Reply from developer Wim Schrynemakers 2024.09.30 12:11 #

Hi, thx for the feedback. Were you running the "prop firm" set file on your prop firm? Because if it blew "very fast", I'm suspecting that you were running too high risk settings? While it is possible that the EA exceeds the prop firm's max drawdown limits if there is a really bad period, I don't believe it would be "very fast", but rather quite gradually, with more than enough time for the user to shut it down if max drawdown is getting close. I'm happy to look into your setup if you contact me in private, so I can figure out why your account didn't go as planned. I do agree that the EA is going through a drawdown period currently, but it looks like we are getting out of it now slowly.

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