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The Reaper EA

3.9

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..





    Reviews 20
    Bz Str2 Strat
    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

    sheangannon
    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.

    Sound of dawn sqd
    455
    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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    Filter:
    bee
    40
    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.

    Mohamed Kamel Touati
    4243
    Mohamed Kamel Touati 2023.08.28 13:31 
     

    the expert is no longer profitable do not buy it

    matjeo012217
    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.

    Oeyvind Borgsoe
    1919
    Oeyvind Borgsoe 2023.04.25 07:02 
     

    Unfortunately it did not work very well for me.

    ninatjeuw
    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

    Trevor Michael Hoyte
    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.

    Alborz Mohammadpour
    178
    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
    23
    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 ?

    Profalgo Limited
    60994
    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
    Abdulaziz Ahmed Mubarak Omar Almenhali
    323
     

    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

    Bz Str2 Strat
    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

    Profalgo Limited
    60994
    Reply from developer Wim Schrynemakers 2022.05.30 05:56
    Thank you for the nice review!
    dhffl33
    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.

    Profalgo Limited
    60994
    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
    sheangannon
    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.

    xflove
    473
    xflove 2022.03.25 04:25 
     

    Running for more than a month is not ideal

    Sound of dawn sqd
    455
    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

    NyKa
    56
    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 !

    Hai Son La
    581
    Hai Son La 2022.02.16 08:31 
     

    User didn't leave any comment to the rating

    Jeremayer
    322
    Jeremayer 2022.02.02 16:38 
     

    Good Expert Advisor with competent support!

    Kai Fung Leung
    172
    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

    Amgad Ahmed Ali Megahed
    2374
    Amgad Ahmed Ali Megahed 2022.01.18 07:36 
     

    Bullshit

    Adam Kurniawan
    23
    Adam Kurniawan 2022.01.01 11:51 
     

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

    Profalgo Limited
    60994
    Reply from developer Wim Schrynemakers 2022.01.02 07:09
    yes, MQL5 will send you a message
    Reply to review
    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)