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The Reaper EA

4.52

This EA is only sold on MQL5.  If you are purchasing it somewhere else, it is fake, it won't work like the real thing, and you won't get any support as well.


BLACK FRIDAY PROMO: 

  • NOW ONLY 399$!  
  • ONLY 1 COPY LEFT AT THIS PRICE
  • PRICE AFTER PROMO: 599$

    Forget nice looking backtests:  The Reaper EA is already ahead of the curve!

    Let's face the truth: The biggest problem with most of the automated trading systems on the market, is that all of them show very nice backtests, but only a handfull actually perform on live accounts. 

    This is very frustrating when you poured your hard earned money into them.  (Not to mention the many EA's in the market, that use manipulated backtest results to sell the product... but that's another story.)

    The origin of the Reaper EA is a strategy that has already proven for many years to be a winner.  From there it just got better. Instead of relying on nice backtest results, "hoping" that the live results will match, this EA was developed using live trading and existing techniques as a starting point, and took it from there to make improvements.   

    The result so far is a very stable EA with already many months of live results to show. 

    This means that you'll be buying a product with a verified live track record, and not just a "nice looking backtests" EA.

    The EA runs already on 20 pairs.


    QUICK SETUP: Run THIS SET on 1 EURUSD M5 chart and it will run all 20 pairs. 

    Check out the live results here:

    Since the start of the development, the EA has had multiple improvements and the current state of the EA is already a big improvement over the original first version, as you can witness in the almost 1 year of live trading results.


    READ BLOG AFTER PURCHASE: https://www.mql5.com/en/blogs/post/745053

    How to set up the EA:

    • It is important for the AutoGMT to work correctly to add this URL "https://www.worldtimeserver.com/" to the list of allowed URLs in the menu 'Tools -> Options -> Expert Advisors'  BEFORE you launch the EA
    • Run on M5 only.  Run on all pairs a seperate chart OR run all pairs from 1 chart using the OneChartSetup (download OneChartSetup set, EURUSD M5 recommended)
    • The EA is optimized for 20 pairs (see BLOG for list of pairs)
    • It is recommended to run all these pairs to spread the risk.
    • It is recommended to use "Mode B" as it will be more stable on most brokers.  
    • Mode B is more strict in entry, and uses a slightly wider Stoploss to prevent stop-outs due to spread widening.
    • Mode A has lower Stoploss and more trades, and can have very good results on brokers with a very low nightly spread.
    • 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.


    Some of the features of the EA:

    • IMPORTANT: This EA only enters trades for 2 hours per day, from 1 hour before rollover, till 1 hour after rollover.  For most brokers, that means from 23h marketwatch, till 1h.
    • The EA uses limit orders to enter trades.  Slippage will mostly be positive on entry with this method.
    • The EA uses hard SL and TP levels, to minimize negative slippage on exit.
    • The EA will only open 1 trade per pair.
    • The EA uses multiple exit strategies, where it will limit the risk as time passes and the trades hasn't hit TP yet.
    • Safety first: this EA does NOT use grid, martingale, averaging down or any other risky trade management methods.
    • Real live results for many months already before the EA was released on MQL5.
    • The product is already in a very advanced state of development (bug-free, performance verified)
    • EA has been live tested on multiple brokers with success.
    DISCLAIMER: Never forget that past performance is no guarantee for the future.     I always recommend to run first on demo account or very low risk live account.  It is very important to understand how a system works, and what are the ups and downs.









    Reviews 48
    anugrah vito
    23
    anugrah vito 2021.11.19 07:44 
     

    Good result, already made 16% just in 5 days. great support, and always bring great updates. 5 out 5

    MisterARK
    32
    MisterARK 2021.11.12 07:41 
     

    The Reaper is currently the most profitable EA in my portfolio of 4. It works on ICM and IG very good. There are updates very regurarely to keep up with the market. For me it was a good decision to buy it. Many thanks to the developer:-)

    skanso
    21
    skanso 2021.11.01 15:45 
     

    After 3 months of using The Reaper .. i can only recommand that EA .. outstanding support from the author .. quite recurrent updates with new ideas .. even on dark times the EA succeed to recover afterwards .. just follow the author recommandations unless you really know what your are doing.

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    Filter:
    bestprofithunter
    38
    bestprofithunter 2021.11.24 09:07 
     

    User didn't leave any comment to the rating

    anugrah vito
    23
    anugrah vito 2021.11.19 07:44 
     

    Good result, already made 16% just in 5 days. great support, and always bring great updates. 5 out 5

    MisterARK
    32
    MisterARK 2021.11.12 07:41 
     

    The Reaper is currently the most profitable EA in my portfolio of 4. It works on ICM and IG very good. There are updates very regurarely to keep up with the market. For me it was a good decision to buy it. Many thanks to the developer:-)

    skanso
    21
    skanso 2021.11.01 15:45 
     

    After 3 months of using The Reaper .. i can only recommand that EA .. outstanding support from the author .. quite recurrent updates with new ideas .. even on dark times the EA succeed to recover afterwards .. just follow the author recommandations unless you really know what your are doing.

    bastian88
    55
    bastian88 2021.11.01 09:36 
     

    I rented a product for 3 months, but it has not worked for 3 days and there has not been a single transaction, even though I have set it with the onechartsetup file. i am life in indonesian and my broker is octafx (No commision & Low Spread) please help me . . .

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.11.01 09:42
    Hi, I will contact you in private message.
    liu000202
    187
    liu000202 2021.10.30 15:22 
     

    Finding the right broker will have a good effect

    Jordan Nicolas Fernandes
    250
    Jordan Nicolas Fernandes 2021.10.26 19:34 
     

    For now, the EA is not making a profit and looks like it's going to be a tough month given the results. I reserve my opinion for the moment and let the EA run for a few more months. We will see if the published results are similar or not. Admin very attentive in any case.

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.10.26 19:40
    Thx for the feedback. We are experiencing rough nightly markets which cause a bit of drawdown at the moment. nothing out of the ordinary and I expect a quick recovery, just as we did a couple of months ago.
    Rafael Mendez
    224
    Rafael Mendez 2021.10.26 03:52 
     

    This EA lose a lot of money. Dont use it!....Consider what you pay for it a donation!

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.10.26 06:08
    I'm sorry to hear your results are not satisfying. If you contact me in private, I can have a look to see why your results are not in line with mine
    Jeremias Felipe Laurenz
    205
    Jeremias Felipe Laurenz 2021.10.21 09:31 
     

    Thanks for supporting me with the setup. I'll update my review, when there are some more results in my account. For now I'm satisfied.

    nvd
    22
    nvd 2021.10.08 20:51 
     

    I have been using it for about 1 month. This is a very good EA, which according to the updates that the author does. I think it will get better than this.

    Rafael
    70
    Rafael 2021.10.01 14:30 
     

    The EA loses money, good only in demo account. I don´t recommend it!

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.10.01 17:07
    Hi, I'm sorry to hear you are not experiencing the same results as my live accounts or those of my other clients. The EA works well on live accounts as my own live account can testify. I also receive very positive feedback from my other customers.
    I can help you with finding the correct setup, or the correct broker. this EA requires a good ECN broker. You can contact me in private message if you like some assistance.
    zanderp
    111
    zanderp 2021.10.01 14:03 
     

    After 3 months of demo forward testing I have a positive result. This was all based on the 'old' B-mode setting and with the initial 14 pairs. Next week I'm starting a small live account with low risk settings and the updated B-mode setting and all pairs. 3.5 - 4 stars for now.

    Gregg Housh
    76
    Gregg Housh 2021.09.29 20:38 
     

    We're 2 days in, me and my partner have this running on 5 accounts. In 2 days it's got a great win/loss at 9 to 1, on each account. So I am hoping it keeps going this good.

    littlegem2
    85
    littlegem2 2021.09.23 22:47 
     

    Love this EA consisitent gains. Highly recommend

    Alain Bleeksma
    268
    Alain Bleeksma 2021.09.21 20:51 
     

    I am using this EA now for 3 week approximately. The first 2 weeks were bad, however, last week I ran it, it gained the losses back and ended up in a small profit. Even though the profits are small, I think this EA has potential (especially since it looks safe to me, and not reckless like many other EA's!). It is true what the author says; drawdowns and even long periods of drawdowns (more than a few weeks or even months) are normal sometimes. For now I give this EA 4 stars, that is mainly based on the unlucky time I started to use the EA, during a drawdown period. I admit that I believe this EA does still do a better job than I could do myself by manual trading. I possibly will amend the rating to 5 stars if the results keep satisfying me.

    And so I updated now to a 5-star rating, it’s doing a good job!

    DinoD
    30
    DinoD 2021.09.19 01:34 
     

    I bought about 5 weeks ago, I've had it running 2 live accounts & 3 different demo account. So far pretty happy, last coupe of weeks it has struggled to make a profit but overall its still profitable and I see myself using this for a long time. I'm in Australia so I am awake when the EA trades and it can help if you have some basic trading knowledge and be able to decide which pairs to trade, but for the most part this EA can be setup and left to run on its own. Very good scalper.

    m4589014224
    22
    m4589014224 2021.09.16 12:01 
     

    I bought this EA more than two weeks ago, so far i am disappointed from it. i lost about 6.5% (250 euro) but i keep try it for one more week .

    So the third week was very good and promising .

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.09.22 06:56
    As you can see, all my accounts are having the same drawdown, which is still a normal phase in any trading system. Also, just look at the longterm performance as it is still very profitable if you look only this year even
    UPDATE 22/09/2021: EA just made new highs, only 6 days after this review.
    pazzo41
    69
    pazzo41 2021.09.14 19:52 
     

    我已经购买您的EA 是否有什么文件进行设置,如果做到更加稳定的交易

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.09.15 07:44
    setup is explained step by step in the blog: https://www.mql5.com/en/blogs/post/745053
    Piterk140
    65
    Piterk140 2021.09.14 10:17 
     

    Im testing ea in live broker recomended alpari ecn and roboforex ecn and ea systematically loses money:((( its good only on demo. Look for signal Wim . 3 account are running on demo, only 1 is real i think is manipulated by autor. Ea dosent earn in real!!!

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.09.22 06:56
    Hi, I'm sorry to hear that you are currently not having the desired results. keep in mind that the EA has been running profitable for almost every month since the launch. Currently we are having a small drawdown period, which you probably just started to use the EA. Try to see forex as a longterm game, not a as a money making machine. Also the claim that I manipulate my live account results is absurd. Don't fall for the emotional trap in forex.
    UPDATE 22/09/2021: EA just made new highs, only 8 days after this review.
    Manabu Yanagita
    1148
    Manabu Yanagita 2021.09.14 01:17 
     

    BIG BIG BIG DD

    marohm
    340
    marohm 2021.09.13 11:03 
     

    Very good, ty

    atarek1978
    63
    atarek1978 2021.09.11 00:02 
     

    Hi, I have been using the REAPER for 5 weeks and it does very well it is a very safe EA and very profitable I highly recommend it

    Well the first few days of using the Reaper I had some bad trades but than I had 5 weeks of winning trades.

    And as I said in 11/09/21 that I would update my review well I have recently 2 weeks of very good results

    The Reaper is the best EA I have ever used and as I said the EA is safe and profitable, really many thanks to the author for that wonderful work

    xudeyong
    90
    xudeyong 2021.09.09 02:49 
     

    Has the program been over-optimized? The author’s analog disk is getting worse

    Criptotato
    442
    Criptotato 2021.09.01 01:20 
     

    been awhile I dont see any EA as good as this, the author seems very dedicated to his work as well, surely 5 stars

    Fengshui17
    98
    Fengshui17 2021.08.31 22:54 
     

    Absolutely brilliant and wonderful EA! So far, I have been very happy with it.

    Thomas Guglielmi
    245
    Thomas Guglielmi 2021.08.30 23:46 
     

    Ottimo veramente consigliato, limita le perdite e tiene alti i profitti. Continua così.. Ottimo lavoro e lo migliori sempre di più. Complimenti

    yourminas
    142
    yourminas 2021.08.25 14:06 
     

    I have bought many EAs in MQL5. I will say the reaper is one of the best (if not the best) EA for me. Profitable, it trades frequently and almost profit daily. remember to use a broker with low commission and ECN. in addition, Wim is quick in replies and very responsive (not all sellers are like that). Wim goes the extra mile to help clients. Will surely recommend

    21/10/21: Good EA with very sound strategy. Shld expect days where there is DD and this is normal. One of the best EA here. Good support and Wim works hard to update his EA too

    Cappy2021
    83
    Cappy2021 2021.08.20 19:56 
     

    My 2nd purchase with Wim and I'm giving this EA 5 stars for sure. Now I'm looking into other EAs the author has written. I read the manual several times and set-up Mode A and Mode B for a week in demo...I just wanted to compare the difference. What took me by surprise is that when I went live this week, the EA performed better live then it did in Demo...which was still running. This is what the author means by making sure you're working with the right broker for this EA because my live and demo accounts are with 2 different brokers, both low ENCs. In addition to all this, the author responds to comments/questions rather quickly, so that is a big help. Just make sure the settings are correct, make sure you're with a good low ENC broker and track results.

    **Update - 8/23/21: Traded at the Weekly Market opening for the second week in a row (which is a true/false setting). I never trade manually during these times, but the EA has surprised me. 6 for 6 last week and 6 for 6 today. I have my lotsizesetup at 75. I also only have the EA trading 13 of the 14 pairs...based on prior demo testing. Results vary by broker so I won't say what the pair is I'm not trading, b/c it may be fine for you.

    Stefan Marjoram
    1016
    Stefan Marjoram 2021.08.18 11:19 
     

    User didn't leave any comment to the rating

    Ka Kit Chan
    311
    Ka Kit Chan 2021.08.17 06:57 
     

    I use this few days and now is a positive return, not a scary EA

    joatrade
    59
    joatrade 2021.08.12 07:44 
     

    User didn't leave any comment to the rating

    Bewildered07
    288
    Bewildered07 2021.08.11 00:18 
     

    I waited to review this EA. I dont know if the past month is poor but i have been at a lost, so far 7% lost of my accounts. I ran on 2 brokers, one broker i lost 3% up til now and other 7 %. I have turn it off now. Running on demo wont give realistic results so i may continue to run it with just 0.01 lots on live account to see if it can achieve profit in coming months.

    18/08 Will update this based on result with lower lot as author suggest.

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.09.22 06:57
    Hi Make sure your setup is in line with mine, especially regarding the trade times. Also make sure to run on a broker with low spread and commission. I can have a look at your setup if you like. Contact me in private message if you want more personal support
    UPDATE 22/09/2021: EA just made new highs. If you want to give the EA another try, please contact me in private message and I'll help to make sure it is set up correctly
    Bhavik Jagdish Patel
    253
    Bhavik Jagdish Patel 2021.07.30 00:46 
     

    I purchased this EA from Wim a month ago now and I have had it running live on both Pepperstone (preferred) and ICM. I thought I would run it for a while before posting a review and so far it has been working very well. There were some concerns with swap costs which have been addressed and the updated version gives flexibility to fix this depending on which broker you are trading with. It also shows he is constantly developing his EAs and listening to any feedback clients give. I also own 4 other EAs developed by Wim and can say hands down his after sales support and products are amazing. I have asked him many questions throughout ownership of all the EAs and he replies right away with the answer I need. I was one of the early adopters of 'The Reaper' and is certainly hasn't disappointed. I would advise running it on several brokers as results will vary across them. Thanks Wim.

    33Q
    29
    33Q 2021.07.28 06:49 
     

    Hello, I bought the EA, please add me to your group TELEgram.

    Frank Paetsch
    5725
    Frank Paetsch 2021.07.27 17:30 
     

    5 Stars EA

    Sathit Sukhirun
    441
    Sathit Sukhirun 2021.07.23 19:53 
     

    Very good EA. Thank you! Wim

    yuji kitamata
    826
    yuji kitamata 2021.07.20 02:49 
     

    It's been a while since I bought it, but the risk is very low and it seems that it will make a stable profit.I like to enter with selllimit.buylimit and settle with t / p! I think it's the best Night Scalping EA I've ever purchased! Wim's EA are all really good EA!

    zhoujun8153
    391
    zhoujun8153 2021.07.15 01:11 
     

    There is a big point difference between 23:00 and 1:00,And it also generates a lot of interest, I use ICMarkets RAW account, what should I do? Looking forward to your reply

    Profalgo Limited
    47176
    Reply from developer Wim Schrynemakers 2021.07.15 06:13
    That is normal and ofcourse it is also on all my accounts; It's a night scalper so it trades during that period. But there are a lot of internal filters that prevent entering trades when conditions are bad.
    Also, please use the comments sections for questions, and the review sections for reviews
    Wen Bing Chen
    496
    Wen Bing Chen 2021.07.10 08:53 
     

    Stable and low risk, highly recommend. My 3rd purchase with Wim

    ow1977mt5
    1026
    ow1977mt5 2021.07.09 22:38 
     

    Very good EA. Thank you!

    Jan Andrjuchin
    246
    Jan Andrjuchin 2021.07.09 11:05 
     

    The best product I've ever bought on MQL! Thank you Wim.

    Carl Tilley
    734
    Carl Tilley 2021.07.09 10:00 
     

    Works a treat! Hardly any cancelled pending orders now. It's logic of which way to enter a trade is very similar to another nightscalper I have so I have trust in that the majority of trades are winners and they are!

    vladimir9010
    482
    vladimir9010 2021.07.08 18:56 
     

    Excellent!

    Saint Septian Sudjono
    300
    Saint Septian Sudjono 2021.07.06 10:55 
     

    Good historical record either from TheReaper and AdvancedScalper. Please keep it up

    Georgios Daskaleas
    816
    Georgios Daskaleas 2021.07.02 16:20 
     

    Some people watch videos on youtube, some others buy books for trading and/or attend torturous seminars. Well, after almost 2 decades of trading the FX market, when it comes to making money for me there's only one simple thing to do: I buy anything that Profalgo Ltd, offers. Simple as that.

    Hui Wang
    1099
    Hui Wang 2021.07.02 06:35 
     

    As the old customer, the new product must buy, ha ha, has begun to run today, and the description is the same, the income is considerable !!!!!! Thank you ~

    Anatolii Masliukov
    786
    Anatolii Masliukov 2021.07.01 21:15 
     

    Good results for The Reaper EA. Let's check the accounts.

    Victor Minaev
    1922
    Victor Minaev 2021.07.01 20:10 
     

    Good

    Reply to review
    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)