Gold Ripper
- Experts
- Version: 1.4
- Activations: 10
Gold Ripper (also known as Gold Reaper) is a fully automated MT5 Expert Advisor built exclusively for Gold (XAUUSD). It identifies key gold levels and trades their breakouts using a multi-setup, trend-following engine with dynamic trade management, selectable risk profiles, and fixed-lot sizing. No indicators or manual input are needed after setup.
Gold moves in strong directional bursts once price clears important areas. Gold Ripper is designed to be positioned for those moves with pending stop orders and a defined stop loss on every trade. No martingale, no grid, no averaging down, no hidden risk.
How Gold Ripper Works
Gold Ripper continuously scans XAUUSD price action to identify key gold levels and prepares breakout entries around them. Instead of chasing price, it places pending stop orders so trades trigger only when the market confirms momentum through a level. This breakout, trend-following approach aims to capture continuation moves while keeping losing trades small and controlled.
Several independent setups run inside one engine, each with its own behavior and its own trade identifier. Trades stay organized, and the EA never interferes with other Expert Advisors on your account. Pending orders that are no longer valid are cancelled automatically, and a cooldown after each fill prevents over-trading.
Dynamic Trade Management
Once a trade is open, Gold Ripper manages it automatically from entry to exit:
- Fixed protective stop loss on every position
- Automatic profit protection that secures gains as the trade moves in your favor
- Adaptive trailing logic that lets winning trades run with the trend
- Time-based safeguards so no trade is left open indefinitely
Risk Profiles
One Risk Mode parameter controls how much of the engine is active, so you can match the EA to your account size and risk tolerance:
- Very Conservative – fewest setups, lowest trade frequency
- Conservative – selective, lower activity
- Moderate (default) – balanced frequency and risk
- Extreme / Very Extreme – the full engine, higher activity
- Manual – run one chosen setup on its own
Key Features
- Built for XAUUSD (Gold) only
- Identifies key gold levels and trades their breakouts
- Trend-following, momentum-based entries
- Dynamic trade management with trailing and profit protection
- No martingale, no grid, no averaging down
- Stop loss on every trade
- Fixed lot sizing for predictable risk per trade
- Spread filter that blocks new orders when gold spreads widen
- Optional cap on open trades per setup
- Pending-order execution that reduces chasing and slippage
- Unique trade identifiers, so it can run alongside other EAs
- Simple set-and-forget configuration
- Suited to personal accounts and prop-firm-style risk discipline
Inputs
Risk Mode – selects the active setups.
Setup to Run – used in Manual mode.
Fixed Lot Size – default 0.01.
After-Fill Pause – waiting time after a trade fills.
Spread Filter – maximum allowed spread in USD.
Max Open Trades per Setup – 0 disables the limit.
Requirements & Recommendations
Platform: MetaTrader 5.
Symbol: XAUUSD (Gold). Attach to a single chart only.
Timeframe: Any. The EA runs on its own internal logic.
Account: Hedging or netting. A low-spread, fast-execution broker is recommended.
VPS: Recommended for 24/5 operation.
Testing: Use "Every tick based on real ticks" in the Strategy Tester for the most accurate results. Always test on a demo account first.
Code: 100% native MQL5, with no DLLs and no external services.
Disclaimer: Trading gold involves substantial risk. Past performance and backtest results do not guarantee future results. Use proper risk management and only trade with capital you can afford to lose.
