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The Gold Reaper MT4

599 USD

Demo downloaded: 6 543

Published: 1 February 2024

Current version: 3.3

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Overview
Reviews (32)
Comments (135)
What's new

The Gold Reaper MT4

4.55

Experts
Profalgo Limited
Version: 3.3
Updated: 11 January 2025
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 2 trade accounts) -> contact me after purchase

Ultimate Combo Deal -> click here

JOIN PUBLIC GROUP: Click here

New V2.2 Live Signal

Old 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...

105

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

blake.powell1997 2024.06.30 15:33 #

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

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.

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Gemini Trump EA represents a sophisticated advancement in grid trading systems. Unlike traditional methods that rely on fitting the system to historical data, Gemini Trump EA is engineered to exploit existing market inefficiencies, leveraging authentic market dynamics to generate profit. Gemini boasts an impressive array of features designed for both convenience and performance. With its One Chart Setup, you can trade all supported symbols using a single chart, while its Multi-Currency Support s

1 999 USD

The Gold AI EA for gold trading in the MetaTrader 4 (MT4) platform is an automated trading system specifically designed for gold (XAU/USD) trading. Such advisors typically use algorithms to execute trades based on technical analysis and other market data. Its ability to interact contagiously with market volatility gives confidence to even the most cautious traders, opening up new horizons for them to achieve success. Regardless of the level of experience, this tool, capable of quickly adapting

987 USD

"Aurus Gold" is a program capable of automatically analyzing and trading on the currency market (Forex) without human intervention. This innovative tool for decisions on buying or selling currency pairs. The main task of Aurus Gold is to maximize profits and minimize risks for investors. It is capable of working around the clock, based on pre-set parameters and trading rules. The main advantages of using a currency robot include: 1. Automation of trading: The ability to carry out transactions

980 USD

Bonnitta EA is based on Pending Position strategy ( PPS ) and a very advanced secretive trading algorithm. The strategy of Bonnitta EA is a combination of a secretive custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. DON'T BUY AN EA WITHOUT ANY REAL MONEY TEST OF MORE THAN 3 MONTHS, IT TOOK ME MORE THAN 100 WEEKS(MORE THAN 2 YEARS) TO TEST BONNITTA EA ON REAL MONEY AND SEE THE RESULT ON THE LINK BELOW. B

5 500 USD

The Gold Angel MT4 Expert Advisor is designed for automated gold trading on the MetaTrader 4 platform, providing traders with unique tools and strategies to achieve maximum profit. Using complex algorithms for analyzing market data, this advisor is able to identify profitable entry and exit points, which significantly reduces risks and increases the chances of successful trading. Gold Angel MT4 offers an intuitive interface that allows both experienced traders and beginners to easily customize

897 USD

EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT5 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 p

2 600 USD

Introducing CyBRG RX: The Next-Generation Trading Assistant Step into the future of trading with CyBRG RX, your cutting-edge trading companion designed to elevate your trading experience. Harnessing the power of advanced neural networks, CyBRG RX is engineered to analyze and adapt to ever-changing market conditions with unparalleled precision. Signals: Live Signal 1 Live Signal 2 Because this strategy is so unique, I only want to sell a limited number of licenses. Therefore, the price will

690 USD

50% bonus by purchasing this Robot, Contact us "after purchase" to receive the bonus A fully automatic expert Designed and produced 100% by artificial intelligence, with the world's most advanced technology All trades have profit and loss limits, with the best and least risky market strategy, without using dangerous strategies such as Martingale and hedges, etc. A specialist who has been trained by artificial intelligence for years to correctly identify trends (with the latest methods in the wo

790 USD

AI NoX EA is an innovative Forex expert advisor that combines advanced neural networks technologies with high-volume trading and Matrix factorisation .The advisor uses complex algorithms to decompose large sets of market data, uncovering hidden patterns and correlations between various financial instruments. Details about Advisor Development Configuring the Advisor The price of the advisor will increase significantly as I have allocated a specific number of copies. I will adjust the price as s

799 USD

1 280 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

349 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: 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

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 New V2.2 Live Signal Old 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 conserv

599 USD

NEW PROMO: Only a few copies copies available at current price Final price: 999$ NEW: 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 into extreme low drawdown

399 USD

NEW PROMO: Only a few copies copies available at current price! Final price: 999$ NEW: 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 into extreme low drawdow

399 USD

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 LIVE SIGNAL 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 best entry price and runs multiple strate

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 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 ! 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

399 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

499 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

MORE THAN 4 YEARS OF LIVE TRADE RESULTS ALREADY -> https://www.mql5.com/en/signals/413850 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 fo

499 USD

399 USD

499 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

NOTE: only recommended How to set up the EA: Please read the blog first Run on M5 only. Run on all pairs a seperate chart OR run all pairs from 1 chart using the OneChartSetup I would recommend using "LotsizeStep" as AutolotMode. (Automatic money management) LotsizeStep values-> Low risk: 500; Medium Risk: 250; High Risk: 150 It is recommended to run the EA on a low spread ECN broker. Minimum recommended accountsize: 250 $ for running all 14 pairs, but you could run only a few pairs on 100

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

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

NOTE: only recommended for these pairs currently: EURGBP;GBPUSD;GBPCAD;USDCAD;USDCHF; 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 ! The Reaper EA is a night scalper that will trade reversal on the nightly ranges for multiple currency pairs. The EA is very advanced and uses a lot of filters and safety measures. Please read the blog after purchase: Recommended pairs: GBPUSD;GBPCAD;GBPAU

149 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 i

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

Filter:

105

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

128

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.powell1997 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.

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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 #

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Reply from developer Wim Schrynemakers 2024.06.26 17:32 #

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

197

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.

128

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!

169

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.

FloM 2024.04.02 16:48 #

I bought this EA 2 weeks ago, It combine really good with Gold Trade Pro. they already made me 300 profits with only the least risky setup. Backtest and live did the same trades, I highly recommend these EA, in addition, support is always ready to help you, take advantage of the price I really think it's worth more !

523

YUN CHOI 2024.03.15 11:54 #

Other EA's have been so cool and tempting in backtesting, only to be disappointed in their real accounts. There was even a strange result in which a loss occurred during a period using real-world data, but profits were made when backtesting the loss period. So, I have high expectations for this Gold Reaper EA, which showed the same results in backtesting, demo, and real. Thank you for making great EA.

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Reply from developer Wim Schrynemakers 2024.03.15 12:05 #

thx mate!

kmli216644 2024.03.15 09:01 #

Don't expect it to trade frequently. It will wait until breakout resistance or support. It's not one hundred percent profitable, but it matches backtesting results.

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Reply from developer Wim Schrynemakers 2024.03.15 12:05 #

thx for the feedback!

194

Dominic 2024.03.08 18:04 #

I have Gold Reaper for my MT4 and MT5 account and for me it is the best gold robot on the market. No dangerous strategy that blow up the account, but clear stop losses, take profits and very good trailing. The developer (Wim) is very helpful and helps immediately. Thanks for the good work and support.

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Reply from developer Wim Schrynemakers 2024.03.08 18:12 #

Top!

Y Gordon 2024.03.08 15:19 #

Nice strategy with trail SL and TP Nice support provided by author

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Reply from developer Wim Schrynemakers 2024.03.08 16:09 #

Thx!

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gregorv333 2024.03.02 11:55 #

Amazing results this week with the gold ralley started on Thursday, exploding on Friday. I use the gold reaper in combination with the gold trade pro since 4 weeks. I am confident to come back here with a good report after a longer period of several months. Thanks to Wim for this great product.

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Reply from developer Wim Schrynemakers 2024.03.02 12:27 #

thx for sharing!

1 2

Version 3.3 2025.01.11

fixed NFP filter working at the wrong hour

Version 3.2 2025.01.03

fixed NFP filter for 2025

Version 3.1 2024.12.02

fixed bug for small account balance when using "AdjustLotsizeToVariableValues"

Version 3.0 2024.12.02

- Variable Values has been improved -> this means that the EA's capabilities to automatically adjust to the actual price of Gold has had a big update, and it now the recommended (and default) setting. This will adapt entries and exit to the value of Gold. So if gold is trading at 1000$, the SL for example will be smaller than if gold is trading at 2000$
- AdjustLotsizeToVariableValues -> this will make sure that if SL get bigger for example if gold price goes higher, that the lotsize will be adjusted as well (decrease) so that the actual potential max drawdown stays the same throughout all history and future with the same risk settings.

Version 2.3 2024.10.23

fixed bug: "high" breakout filter didn't do anything :-)

Version 2.2 2024.10.22

added parameter "Fake Breakout Filter", which will help filtering out fake breakouts.
It works by checking if the candle close after entry is negative. Timeframe(s) of the candles used is dependent on the settings Low, Medium or High

Version 2.1 2024.09.19

enabled "weighted lots" by default

Version 2.0 2024.09.19

Added "manual strategy selection" in the "trade frequency parameter". -> now you can run each internal strategy manually, instead of using the trade frequency options.

Added new lotsize Calculation Method "Max Risk Per Strategy". This will set the lotsize for each strategy, based on the max historical drawdown of each strategy. The outcome is that all strategies will have the same maximum potential drawdown on the trade account. This will make them more balanced.

Added the option "weighted lotsize" when using "max allowed total drawdown" for lotsize calculation method. This will, like when using the "max risk per strategy" option, adjust lotsize for each strategy, in order to balance them out better. This is the easiest, and most recommended way to use the EA. Simply set your max allowed total drawdown, as before in previous versions, but enable the "Weighted Lotsize" option

Version 1.91 2024.08.14

fixed issue with some brokers returning a "lotsize is not multiple of 0.01" error

Version 1.90 2024.08.02

fixed bug in NFP filter

RECOMMENDED UPDATE!!!

Version 1.80 2024.07.11

adjusted slippage filter

Version 1.70 2024.07.11

Added NFP Filter:

!! you must add the URL "https://www.worldtimeserver.com/" to the "allowed URL's" in your MT4/MT5 terminal (tools -> options -> expert advisors) !! (for the AutoGMT)

- 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

Version 1.61 2024.07.08

fix small difference when turning off "useHL_TrailingSL" compared to V1.5

Version 1.60 2024.07.05

added the new HL_TrailingSL Option (on by default)

MAKE SURE TO RELOAD THE SETTINGS AFTER UPDATING THE EA

Version 1.50 2024.05.13

added options to make trade entries and exits more unique.

There are seperate parameters available for adding/subtracting X number of pips to the Entry, SL, TP, TrailingSL and TrailingTP values.
This way, you can make your own unique trades, which will further prevent prop firms from flagging you for copy trading
IMPORTANT: do not just run some new values live, without testing those values first in a backtest!

Version 1.40 2024.03.26

added option to set the balance to be used manually

Version 1.30 2024.03.17

- improved Max Daily Drawdown algorithm

Version 1.22 2024.03.11

added support for HKD as account currency

Version 1.21 2024.03.07

removed unnecessary printing of messages in the journal

Version 1.20 2024.02.19

fixed bug for brokers that use only 1 digit for gold symbol