Market / MetaTrader 4 / Experts /

The Gold Reaper MT4

6 purchases per month

949 USD

Demo downloaded: 8 419

Published: 1 February 2024

Current version: 4.1

The Gold Reaper MT4

4.62

Experts
Profalgo Limited
Profalgo Limited
Profalgo Limited

Malta

93810
4.1 (996)
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 28 signals 9 topics 29 comments
Version: 4.1
Updated: 11 February 2026
Activations: 10

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 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: 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 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...

240

max14000 2026.05.30 07:08 #

the gold reaper represents for me the ideal strategy. the bot is consistent and drawndown wich is really low, a must have for people who wants a robust strategy for live account or profirm. I recommend this bot and Wim is always helping you when you have questions or a problem to resolve. thanks to this great developer

Gherman Dan 2026.01.23 06:15 #

Steady money making machine, great job Wim!

1745

Joao Jara Carvalho 2025.10.17 15:34 #

I purchased this EA and I’m very satisfied with the results. It does exactly what it promises and has met my expectations. The author is very honest and always willing to help with anything — he replies quickly and provides excellent support. I highly recommend it! :) Thanks Wim!

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MILCH COW HEDGE V1.12 EA is primarily a Hedging Strategy. Expert support is to seize every opportunity in any direction. Not just opens the deals, but chooses the right time to close the open positions to begin trading again. We recommend the use of an expert with a pair of high volatility for the currency, such as GBPAUD, AUDCAD Testing expert during the period from 01.01.2016 until 09.12.2016 profit doubled four times to account Experts interface allows the user to directly trading open order

1 250 USD

This is an optimized and ready-to-use automated trading system. A market entry is performed at a certain time on a quiet market. When certain conditions are met, a trade is closed. As a rule, a profit is small. The EA features SL to manage losses. The EA is recommended for use on currency pairs and M5 timeframe. Before using on a live account, it is recommended to test the EA in the strategy tester in the terminal. The EA operation requires a broker with minimum spread and minimum or no commissi

999 USD

This robot uses a custom hidden oscillating indicator and also analyzes the market response. It traded mostly at the time of higher volatility. It works with several pending orders with different size of volume and their position actively modifies. It uses advanced money management. TradingMode setting can also meet the conditions FIFO. It is successful in different markets and different timeframes. Best results are achieves with a broker with the spread to 5 points on EURUSD. Is necessary a br

1 490 USD

The Avato is one of our standalone tools. (A Signal based on it will also be provided on Mt4 Market in the future). It is designed around a combined form of hedging and martingale techniques and uses sophisticated algorithms and filters to place the trades. It uses Stop loss and Take profit levels while Lot size is calculated automatically following the according multiplier settings. We consider it a toolbox for every seasoned trader. Made with Gold market in mind, it can be tested in other inst

5 000 USD

Area 51 EA generates signals on different strategies. Has different money management strategies and dynamic lot size function. When a position is opened, it is equipped with a take profit and a stop loss. If the position becomes profitable, a dynamic stop loss based on the specified values (TrailingStep and DistanceStep) will be set for it and constantly trailed. This allows you to always close positions in profit. If you want, that your manual opened positions will be handled by the EA, so you

1 899 USD

Note : the spread value, the broker's slippage and the VPS speed affect the Expert Advisor trading results. Recommendations: gold with spread up to 3, USDJPY with spread up to 1.7, EURUSD with spread up to 1.5. Results will be better with better conditions. The Ping value between VPS and the broker server should be below 10 ms. In addition, the smaller the broker's stop-level requirement, the better; 0 is the best. The Expert Advisor is based on a breakthrough system and carefully controls all

2 400 USD

EA is primarily a Hedging and Multiples Strategy. It support to seize every opportunity in any direction as MILCH COW MIX but with multiple profit results without increasing the risk. Milch Cow Mix EA starts to open Hedge at first level only But EA opens Hedge at every level Not just opens the deals, but chooses the right time to close the open positions to begin trading again. We recommend the use of an expert with a pair of high volatility for the currency, such as GBPAUD, AUDCAD Experts inter

1 400 USD

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 Live Signal Client Signal YouTube Reviews 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 fro

949 USD

IMPORTANT : This package will only be sold at current price for a very limited number of copies. Price will go to 1999$ soon! +100 Strategies included and more coming! BONUS : At 1499$ or higher price --> choose 5 of my other EA's for free! ALL SET FILES COMPLETE SETUP AND OPTIMIZATION GUIDE VIDEO GUIDE LIVE SIGNALS REVIEW (3rd party) NEW - 44-STRATEGIES LIVE SIGNAL Welcome to the ULTIMATE BREAKOUT SYSTEM! I'm pleased to present the Ultimate Breakout System, a sophisticated and propr

1 699 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 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: 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 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

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

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$ 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

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

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

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

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

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

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

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

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

399 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

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max14000 2026.05.30 07:08 #

Gherman Dan 2026.01.23 06:15 #

Steady money making machine, great job Wim!

1745

Joao Jara Carvalho 2025.10.17 15:34 #

268

David Vicente Martin 2025.09.08 14:50 #

Por fin pude adquirirlo a un buen precio. Llevo usándolo mucho tiempo y el rendimiento y fiabilidad ha sido excelente... Gran trabajo Wim

7501

Frank Paetsch 2025.09.02 09:45 #

Good and solid EA.

141

fredlebasque 2025.05.12 09:32 #

Thank you Wim for your quality EA, which does not promise the moon but which is profitable in the long term. The strategies are well-researched and very effective.

162

Klogarg 2024.10.23 10:29 #

Really good EA, real trades match the backtest and the support from Wim is outstanding, he is constantly improving the EA

Yu Xiao 2024.07.09 06:47 #

租用了3个月，但是无法赚钱甚至亏钱，使用大止损的阻力位和支撑位的突破单，可想而知，一旦止损那就是大回撤。

Blake Powell 2024.06.30 15:33 #

The support from Wim is excellent. Looking forward to using these EAs in my portfolio.

Bob Marsey 2024.06.29 17:17 #

Not sure about this one. I bought it, applied it to my MT4 account yet it never opened a single trade whilst set to auto trade for nearly 2 weeks. Think I have wasted my money tbh.

93810

Reply from developer Wim Schrynemakers 2024.06.29 17:33 #

Why ooooh why did you not ask me about it one single time since you bought it, before immediately putting a 1 star review for something that I can fix probably in 5 minutes if you send me screenshot of your setup. Since nobody else has this problem, it is probably something in your setup. So I will now contact you to check what is the problem. I’m not sure how I can help you with the ea if you don’t let me know that you have a problem?

tdceagold41 2024.06.26 16:54 #

HOLA QUE TAL, NECESSITO UN POCO DE SOPORTE EN LA COMPRA DE THE GOLD REAPER MT4 , YA QUE ESTUVE INSTALANDOLO PERO NO ME DEJA , ME SALE UN MENSAJE QUE NO QUEDAN LISENCIAS, QUE SE DEBE COMPRAR DE NUEVO ????!!!!!! ESTO FUE COMPRADO DESDE MI ACADEMIA Y TRABAJAMOS JUNTOS PARA INSTALARLO Y NO PUDIMOS . LE AGRADECERIA QUE REVISE ESTE CASO Y DESDE YA GRACIAS POR ATENDER MI SOLICITUD Y LO SALUDOS ATTE. DANTE.

93810

Reply from developer Wim Schrynemakers 2024.06.26 17:32 #

Hi Dante, Please send me all the details in private message please

201

James Edward Oakden 2024.05.17 09:29 #

I've been using the Gold Reaper Expert Advisor for almost two months, and I'm really happy with it. With a 90.825% profit trade success rate, it’s gone beyond what I expected. It handles loss recovery really well, making my trading pretty much stress-free. Wim, the developer, is super helpful and always ready to answer questions and give setup tips. He’s constantly improving the EA too, with two updates already since I got it. All in all, the Gold Reaper EA is fantastic and is quickly paying for itself. I highly recommend it!

Nick Bailey 2024.05.12 11:59 #

bought this bot about a week ago. have set up and have running with good results. very happy. nice and easy to use and very good. very happy

Raphael Traen 2024.05.01 10:21 #

The Gold Reaper of Wim is an exceptional trading bot, created for capitalizing on gold market breakouts. Its strategy is finely tuned. What also really sets this EA apart is the incredible customer service provided. The developer is very responsive and genuinely committed to assisting users in maximizing their trading experience. Overall, this bot offers both a robust trading strategy and exceptional support, making it a valuable tool for traders!

igivaka 2024.04.28 00:57 #

Wim is a great developer. All his EAs have sound logic and work well on live accounts. Everything (including DD) is scalable. Your questions wont wait at all to be answered. All the best.

133

Bryan Cua 2024.04.26 09:53 #

I don't kow much about trading, that is why I been trying a lot of EA for months. I put this robot in a live account and since 5 April 2024, it made 11% gains already (with Gold Trade Pro combo). The best EA so far beats Perceptrader AI, XAUBOT Pro, King Robot, etc. https: // www.myfxbook.com / members / ScarySnow / gold-reaper-combo / 10820426 . I hope it continues to do great things!

183

Cybersix 2024.04.23 05:10 #

OK, I wanted to see what would happen on a major reversal day (April 21-22nd for XAU)...and Wim passed with flying colours!

fotofuji 2024.04.22 17:23 #

I have been running it on my live account for about 30 days. It has done a great job so far, it has made EA money :), It answers every question very quickly and even more, it helps a lot. If nothing unusual happens, it definitely works. Thanks Wim and colleagues.

burtjo 2024.04.05 19:27 #

Could not be happier with Wim and his awesome EAs! This is 1 of 6 EAs that I have bought from him and I am incredibly pleased. The profit factor is off the charts and the risk to reward in terms of return to drawdown is amazing. My gold reaper is up 28% since February with only 4% drawdown! Thank you Wim!

677

Abdullah Uygar Tuna 2024.04.02 17:23 #

I have been using this EA on 2 different accounts with 2 different settings for more than a month and it has already made more than I paid for it. It took me a while to figure out how to come up with the right settings based on my risk management preferences since this EA has a sophisticated trading algorithm, unlike the ones I had previously used, and I was a little bit skeptical at the beginning even though I had done quite a lot of research before buying. The fact that it has been a money maker so far doesn't mean that it will continue to be the case in the future but so far so good! Wim also is very supportive and patiently helps with any kind of questions you might have.

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The Gold Reaper MT4

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