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The Reaper EA

149 USD

Demo downloaded: 7 098

Published: 1 July 2021

Current version: 7.3

The Reaper EA

3.87

Experts
Profalgo Limited
Version: 7.3
Updated: 8 June 2023
Activations: 10

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;GBPAUD;EURAUD;USDCAD;USDCHF;AUDCAD;EURCAD;

Other optimized pairs: EURUSD;EURGBP;AUDJPY;GBPCHF;AUDUSD;EURCHF;

Quick setup: Run EA on EURUSD M5 chart, and enable the OneChartSetup.

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 $ as well.

Key features:

News filter -> prevent trading during high impact news events
Individual Performance Monitor: Each pair will automatically have it's risk reduced if it is not performing well, and reset to normal if it is again profitable.
Correlation filter -> prevent too much exposure for the same currencies
Swap filter -> prevent trading during high swap-cost days
This EA does not use risky trading techniques like martingale, grid without stoploss, etc..

more...

170

Bz Str2 Strat 2022.05.30 01:06 #

Im on my way to get my dream account, with right setfiles this is a beast! With the default setfiles this ea also performs! But with wrong people any ea is garbage! Usually people whinning about the ea losses money, and blame it to the author, but the real problem is the person using. They want to buy ea then expects to earn right away. It really doesnt work that way, you must test it for your own preference! This ea is one of the most complicated ive held, but indeed for me this ea together with my customed set is the most profitable for me in years of handling EAs' Thank you very much author.

#YodaMan

746

sheangannon 2022.04.01 02:27 #

I have bee running the Reaper for over 6 months. Like any EA it has its draw down periods, but overall an excellent EA that has produced excellent returns.

460

Sound of dawn sqd 2022.03.03 04:44 #

20223.3：购买一直未使用，等待账户新高中，因为作者在持续更新，不清楚版本是否为最终版本，近期IC回撤较大，有在使用的欢迎交流 V:siya17888，另有多余激活码用不到,总体这个作者能在3-5年时间不断的更新EA，是一个非常负责的程序员，相信产品一定能够好起来，只是需要一定的时间，如后续有问题我会持续更新

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Introducing the FT Gold Robot MT4, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every da

499 USD

The Expert Advisor is a system designed to recover unprofitable positions. The author's algorithm locks a losing position, splits it into many separate parts, and closes each of them separately. Easy setup, delayed launch in case of drawdown, locking, disabling other Expert Advisors, averaging with trend filtering and partial closing of a losing position are built into one tool. It is the use of closing losses in parts that allows you to reduce losses with a lower deposit load, which ensures saf

195 USD

349 USD

699 USD

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 stra

599 USD

699 USD

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 drawdo

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 ! 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 l

349 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

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

549 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

499 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 eve

449 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

349 USD

499 USD

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 exec

129 USD

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

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

35 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/7

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

129 USD

149 USD

249 USD

Filter:

bee 2024.02.23 04:12 #

I tried this EA in depth for over a year. Consistent losses! The creator of the EA always replied back to me quickly and seems very nice. BUT this EA is not profitable. I have now learned to trade on my own. I urge you to not waste your time with this or other robots and learn to trade. Yes, it willl take you up to 5 years of daily hard work. BUT worth it. Good luck.

4620

Mohamed Kamel Touati 2023.08.28 13:31 #

the expert is no longer profitable do not buy it

177

matjeo012217 2023.07.06 20:29 #

been running this for almost 2 years... not worth it.. I stopped using it when the signal was removed. will just wait in case there will be some good updates in the future.

2078

Oeyvind Borgsoe 2023.04.25 07:02 #

Unfortunately it did not work very well for me.

560

ninatjeuw 2022.12.22 11:32 #

i have been using the ea for a year. 2 live account and 1 demo account have not made any profit at all. big stop loss, small profits. it is going nowhere. i think i will stop using this ea at the end of the year 2022. good luck for the prospective buyers out there. just try your luck in the year of 2023. bye

161

Trevor Michael Hoyte 2022.09.28 11:59 #

This was not a great EA, with huge stop losses and very small take profits with numerous trades. Bound to make a loss. I don't think the EA takes slippage, spread and swaps into consideration either.

183

Alborz Mohammadpour 2022.07.27 11:40 #

Every week it's only loss or just break even, it was working well before V6.5

Nicolas Merlet 2022.07.17 16:51 #

I purchased the EA, not tested yet only backtest, in basic backtest i have verry profitable ea but with 99.9 modelisation backtest it's show a non profitable EA, can i have some help and telegram group please ?

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Reply from developer Wim Schrynemakers 2022.07.17 18:55 #

Hi Please send me in private your backtest setup since my 99.90% backtests show very good results. Also live trading is profitable so if your backtests are worse than live trading, the backtests must be wrong as that never happens

328

Abdulaziz Ahmed Mubarak Omar Almenhali 2022.06.07 05:33 #

Tested on live and demo account... Good results on the demo account and inconsistent results in the live account although I am using the same broker. I wouldn't recommend it

170

Bz Str2 Strat 2022.05.30 01:06 #

#YodaMan

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Reply from developer Wim Schrynemakers 2022.05.30 05:56 #

Thank you for the nice review!

162

dhffl33 2022.04.17 01:09 #

First of all, he is unkind to my question. And dangerous EA. There's no way to stop a big loss once it happens. Check the live signal.

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Reply from developer Wim Schrynemakers 2022.04.17 08:32 #

So I don’t answer “immediately” to your question in the Easter weekend and you call me unkind? You think I am only waiting for your questions all day maybe? And you said to me personally that your trades are the same as mine. My account is not showing “dangerous” trades at all

746

sheangannon 2022.04.01 02:27 #

I have bee running the Reaper for over 6 months. Like any EA it has its draw down periods, but overall an excellent EA that has produced excellent returns.

585

Zi Feng Guo 2022.03.25 04:25 #

Running for more than a month is not ideal

460

Sound of dawn sqd 2022.03.03 04:44 #

NyKa 2022.02.17 18:44 #

J'ai acheté The Reaper lorsqu'il était en promotion et ai pus effectivement bénéficier d'un autre EA pour deux installations, idem avec Advanced scalper :-), Wim est une personne sérieuse et disponible. Tous les EA achetés et conçu par Wim fonctionnent bien mais ne sous estimez pas les différences entre brokers, n'hésitez pas à faire vos essais sur un compte démo, n'oubliez pas que les pertes font parties du jeux et que vous devez avoir une vision long terme !

581

Hai Son La 2022.02.16 08:31 #

User didn't leave any comment to the rating

327

Jona 2022.02.02 16:38 #

Good Expert Advisor with competent support!

179

Kai Fung Leung 2022.01.19 01:46 #

⚠️⚠️⚠️⚠️⚠️ Warm reminder for MQL members who are interested in Reaper, check how often the EA is being updated, that tells you something about the author's approach to development and detailed mindedness, if you want to have to update the EA every day, this EA is for you; Also check MT5 version's comment before you make the purchase⚠️⚠️⚠️⚠️⚠️⚠️

🚫 Only big big loss so far - capital down 20% in a month. I use IC Markets, the same broker as the author’s signals.

⛔ The problem with Reaper is super big stop loss and small profit. Check the profit factor, it is much lower than other night scalper.

If you join the telegram group after purchase, you will find out many users are experiencing the same loss - unless you started using reaper very long ago, which allow you to take the loss with your accumulated profit; The positive reviews you see here, I really wonder if they were real or not, because what they say is totally different from the Telegram group members' opinion, if you don't trust my review, see it for yourself after you made the purchase.

You can expect one stop loss wipe out 1 week to 1 month of profit, and many SL were hit recently.

However, as the author mentioned the EA is a long term EA, I will keep my $5k capital (now $4k left) running and if Reaper manage to recoup the loss, I will update you all here.

- Starting Capital: $5k

- Dec 28,2021: $5k deposit

- Jan 28, 2022: $4k remaining

- Feb 28, 2022: $3.7k remaining

- Mar 28, 2022: to be updated

2587

Amgad Ahmed Ali Megahed 2022.01.18 07:36 #

Bullshit

Adam Kurniawan 2022.01.01 11:51 #

will there be a notification when there is a new update?

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Reply from developer Wim Schrynemakers 2022.01.02 07:09 #

yes, MQL5 will send you a message

1 2 3 4

Version 7.3 2023.06.08

fixed newsfilter bug that caused repeating message.

RECOMMENDED UPDATE!!

Version 7.2 2023.04.19

fixed bug in date recognition

Version 7.1 2023.04.18

fixed bug of news filtering skipping too much

Version 7.0 2023.03.27

highly recommended update.
The newsfilter was not working anymore because the news website used, was blocking all MQL5 EA's.
I implemented a new news source for the news filter, so you must add this URL to the MT4's allowed URL"s: https://nfs.faireconomy.media/

Version 6.9 2023.03.13

fixed issue with trades starting on sunday

Version 6.8 2022.05.19

Version 6.8
- Added Mode C -> new optimizations for EURUSD;GBPUSD;AUDCAD;EURAUD;EURCAD;GBPAUD;GBPCAD;USDCAD;EURGBP;USDCHF;GBPCHF;AUDUSD;EURGBP;EURCHF;AUDJPY;
- Improved rollover filter
- Added option to set SL/TP after entry
- fixed issue when changing trading hours and disabling monday morning trading

Version 6.7 2022.04.28

Version 6.7
- optimized internal code for OneChartSetup

Version 6.6 2022.04.01

Version 6.6
- added option to turn on/off buy and sell trades

Version 6.5 2022.03.16

fixed bug regarding news time

Version 6.4 2022.02.16

fixed autoGMT issue

Version 6.3 2022.02.15

changed news url to: https://ec.forexprostools.com/

Version 6.2 2022.02.15

fixed JPY issue in news filter
Increased number of attempts to read the news if the attempt fails

Version 6.1 2022.02.11

fixed GBP news filter issue

Version 6.0 2022.02.10

Version 6.0
- fixed repeating message about "using VPS for GMT detection"

Version 5.9 2022.02.03

updated news filter to surely block all high impact news, which until now was marked as "medium risk" at the used newsfeed source

Version 5.8 2022.02.02

added news filter for AUD RBA news specifically

Version 5.7 2022.01.31

changed the way the URL are read to prevent EA being stopped.

Version 5.6 2022.01.31

fixed message box issue

Version 5.5 2022.01.28

Version 5.5
- fixed issue with news filter for monday mornings
- changed the option "close all trades at hour" to allow also minutes to be set.

Make sure to RELOAD THE SET FILE after updating!

Version 5.4 2022.01.27

improved news filter algorithm

Version 5.1 2022.01.26

fixed issue with news filter

Version 5.0 2022.01.26

Version 5.0
- Added News Filter - Pair names will be marked in RED when filtered out.
- fixed issue with performance monitor using Profit Per Trade
- fixed issue regarding changing the trading times manually

Version 4.6 2022.01.20

fixed bug regarding Triple Swap filter

Version 4.5 2022.01.11

Version 4.5
- fixed another issue with correlation filter and splitting up trades

Version 4.4 2022.01.10

Version 4.4
- Fixed issue with correlation filter and splitting trades into smaller lotsizes

Version 4.3 2021.12.29

Version 4.3
- fixed bug where EA would put pending orders at 23h59 on Friday Evening

Version 4.2 2021.12.16

Version 4.2
- fixed bug that caused infopanel sometimes to show wrong Time To Start (didn't affect actual trades)

Version 4.1 2021.12.15

Version 4.1
- fixed small bug, that forced lotsize to "0.01lots" when OneChartSetup is disabled and performance monitor enabled

Version 4.0 2021.12.10

Version 4.0
- Added Correlation filter
- Added trading time option

Make sure to reload settings after updating!

Version 3.8 2021.12.07

Version 3.8
- fix bug that delayed update Performance Monitor with 1 day

Version 3.7 2021.12.03

v3.6 wasn't the full update...

Version 3.6 2021.12.03

Version 3.6
- slightly improved algorithm
- Improved Performance Monitor -> added option to reset limited lotsize if shortterm performance is positive

Version 3.5 2021.11.30

Version 3.5
- Adjusted settings for EURUSD and USDJPY

Version 3.4 2021.11.26

fixed US Holiday filter bug

Version 3.3 2021.11.17

Version 3.3
- fixed infopanel initialisation issue

Version 3.2 2021.11.15

Version 3.2
- Adjusted Turbo Mode
- Fixed infopanel Performance overview for Risk Per Trade settings

Version 3.1
- fixed DST switch issue
- fixed max number of trades issue

Version 3.0 2021.10.29

Version 3.0
- added performance overview table (for onechartsetup)
- added Performance based lotsize calculations (for onechartsetup)

Version 2.8 2021.10.20

Version 2.8
- fixed issue with "minimum potential TP" where it didn't perform enough trades

Version 2.7 2021.10.19

Version 2.7
- Added option to set minimum "potential" TP before entering a trade
- fixed small autoGMT bug

Version 2.6
- fixed bug from 2.4.
- fixed bug concerning "close all trades at hour X"
- re-Added option to force Marketorder is Limitorder is out of range (for example with GAP's)

Version 2.5 2021.10.14

IMPORTANT UPDATE.

There is a bug in version 2.4. Version 2.5 fixes this

Version 2.4 2021.10.13

Version 2.4
- Added option to force Marketorder is Limitorder is out of range (for example with GAP's)

Version 2.3
- Added option for minimum TP when using the Close At Hour X

Version 2.2 2021.10.01

Version 2.2
- added multiple retries if split trades failed to be set.
- fixed bug in Split trades based on max lotsize

Version 2.1 2021.09.29

Version 2.1
- Added option to split a trade up into smaller ones if max lotsize per trade is exceeded
- Added option to set Max Open Trades for all pairs
- Added "Turbo Mode" which will do more trades
- fixed small bug for EURUSD and USDJPY

Version 2.0 2021.09.23

- added option to split a trade into smaller trades to get better fill prices

Version 1.99 2021.09.20

Version 1.99
- fixed pips into "double" instead of integer for "add X pips to entry"
- Added option to skip US holidays

Version 1.97 2021.09.17

Version 1.97
- Added option to add/subtract X pips to/from entry level
- Added option to reset the Forced Minimum TP after X hours
- Fixed bug which prevent the EA to close at hour X when forced minimum TP was also active

Version 1.96 2021.09.10

fixed bug that caused sometimes a trade to close after a few seconds

Version 1.95 2021.09.09

Version 1.95
- Fixed balance and lotsize showing correctly when launched in weekend.
- Automatic Suffix detection
- Added new pairs CADCHF, CHFJPY, AUDCHF, AUDUSD, AUDJPY and GBPJPY
- Improved GMT offset detection
- Fixed lotsize display for weekend

Version 1.94 2021.09.05

Version 1.94
- fixed weekend bug for Web based GMT setup

Version 1.93 2021.09.01

Added "Add X pips to TP" parameter

Version 1.92 2021.08.31

switched URL for AutoGMT to: https://www.worldtimeserver.com/

Will work better

Version 1.91 2021.08.31

If Web based GMT fails, the EA will use VPS based GMT calculation, instead of aborting the initialization

Version 1.90 2021.08.31

Big update

Version 1.9
- Added options to set SL and TP -> now you can adjust/override internal SL and TP levels
- Added option to widen SL during rollover -> widen the SL during rollover to prevent spread widening causing losses
- Improved AutoGMT based on internet GMT request -> EA will always trade at correct time now
- Added option to randomize entry -> this will help the EA when lots of people are running the EA. Each user will have slightly different entry price, so that will limit the slippage caused by using the same entry for everybody
- added time based exit -> EA can close the trades at a certain hour (for example 2 hours before UK market opens)
- Fix spread filter for OneChartSetup

Version 1.87 2021.08.23

Version 1.87
- Added TripleSwapDay select
- fix lotsize infopanel delay bug

Version 1.85 2021.08.14

- Added Swapcost Filter.

Version 1.83 2021.08.12

fixed zero divide error causing EA to stop when using Risk Per Trade for some brokers

Version 1.82 2021.08.05

- improved Triple Swap algorithm

Version 1.81 2021.08.02

fixed small bug

Version 1.8 2021.07.30

- added OneChartSetup

Version 1.7 2021.07.20

version 1.7
- Added rollover options

Version 1.6
- Added slippage control for MarketOrders

Version 1.5 2021.07.08

Version 1.5
- Added virtual entry and exit options (if your broker complains about too many pending orders cancelation/modifications, you can use the virtual entry)
- Improved pending order logic (less cancelations)
- fixed "trade context is busy" bug
- Added Triple Swap filter option

Version 1.4 2021.07.06

- GBPCAD - settings for Mode B was not activated correctly. fixed now

Version 1.3 2021.07.02

extra fix for the multiple cancellation of pending orders.

Version 1.2 2021.07.02

by request of some customers -> update regarding the many cancelled pending orders caused by spread filter. This will significally decrease the amount of cancellations.

Version 1.1 2021.07.01

added "minimum minutes between 2 trades" filter (extra safety)