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The Gold Reaper MT4

4.55

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)


Reviews 20
Klogarg
95
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
39
blake.powell1997 2024.06.30 15:33 
 

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

tdceagold41
20
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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Ahmad Aan Isnain Shofwan
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Statistics on a real account since 2020 Backtest for the last 13 years Low drawdown strategy Multi-currency algorithm Compatible with any broker Proven drawdown control system Trading on a real account since 2020 : Click Here Trading on USDCAD, EURGBP, GBPUSD, EURUSD: Click Here Trading on EURGBP: Click Here Trading on GBPUSD: Click Here Full backtests of the FXMachine EA are available for download here: Click Here About us: The development and support of FXMachine and our other robots
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Aleksandr Chebotaev
2 (1)
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Botond Ratonyi
The Apex Daytrader EA —an advanced and safe trading solution designed for those who seek consistent and reliable results in the forex market without resorting to dangerous methods. This expert advisor combines sophisticated price action analysis with meticulously calibrated indicators, robust money management techniques, and dynamic exit strategies to navigate the complexities of the market. Once you bought the EA write me and I am going to add you to the private support and discussion group of
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Klogarg
95
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
127
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
39
blake.powell1997 2024.06.30 15:33 
 

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

Bob  Marsey
32
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.

Profalgo Limited
70968
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
20
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.

Profalgo Limited
70968
Reply from developer Wim Schrynemakers 2024.06.26 17:32
Hi Dante, Please send me all the details in private message please
James Edward Oakden
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
69
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
28
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
68
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.

Bryan Cua
103
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!

Cybersix
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
92
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
44
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!

Mistermember
37
Mistermember 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
54
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 !

YUN CHOI
518
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.

Profalgo Limited
70968
Reply from developer Wim Schrynemakers 2024.03.15 12:05
thx mate!
kmli216644
77
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.

Profalgo Limited
70968
Reply from developer Wim Schrynemakers 2024.03.15 12:05
thx for the feedback!
Dominic
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.

Profalgo Limited
70968
Reply from developer Wim Schrynemakers 2024.03.08 18:12
Top!
Y Gordon
38
Y Gordon 2024.03.08 15:19 
 

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

Profalgo Limited
70968
Reply from developer Wim Schrynemakers 2024.03.08 16:09
Thx!
gregorv333
146
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.

Profalgo Limited
70968
Reply from developer Wim Schrynemakers 2024.03.02 12:27
thx for sharing!
12
Reply to review
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