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The Reaper EA

349 USD

Demo downloaded: 6 979

Published: 1 July 2021

Current version: 6.9

The Reaper EA

4.08

Experts
Profalgo Limited
Version: 6.9
Updated: 13 March 2023
Activations: 10

Current promo:

Only 1 left at 349$
Final price: 999$
NEW: Buy now and get 1 EA for free! (for 2 trade accounts)

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.

Verified Performance

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

761

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.

360

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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Aura Superstar is a fully automated EA designed to trade currencies during rollover time . It is based on machine learning cluster analysis and genetic scalping algorithms. The first multi-currency scalper using deep machine learning mechanism, a multi-level perceptron and an adaptive neuro filter combined with classic indicators. Expert showed stable results since 2003 year. No dangerous methods of money management used, no martingale, no grid, or hedge. Suitable for any good ECN broker. I

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LAUNCH PROMO: Only 2 copies available at 349$ Final price: 999$ NEW: Buy now and get 1 EA for free! (for 2 trade accounts) Live results: https://www.mql5.com/en/signals/79781 https://www.mql5.com/en/signals/1836525 https://www.mql5.com/en/signals/1872951 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

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STARLIGHT Prime is a night scalper with a twist, and another distinguished member of our "Prime" series. The Prime Series is a curated selection of the best performing configurations drawn from our existing expert advisors (EA's). It's running on live accounts since 2022 showing great results on many brokers, on the selected currency pairs. The Prime version of the EA boasts a fixed, optimized internal setup, as determined by analysing the results of live trading using the original EA. Despite

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Red Hawk Prime is a night scalper, and another distinguished member of our "Prime" series. The Prime Series is a curated selection of the best performing configurations drawn from our existing expert advisors (EA's). It's running on live accounts since 2016 already and is one of my most reliable strategies. The Prime version of the EA boasts a fixed, optimized internal setup, as determined by analysing the results of live trading using the original EA. Despite its lack of adjustable parameters,

149 USD

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Launch promo : Only 7 copies at 99$ Next price: 149$ GECKO Prime is a breakout strategy EA which has been performing outstanding on live accounts, and another distinguished member of our "Prime" series. The Prime Series is a curated selection of the best performing configurations drawn from our existing expert advisors (EA's). It's running on live accounts since 2020 showing great results on many brokers, on the selected currency pairs. The Prime version of the EA boasts a fixed, optimized int

99 USD

349 USD

STARLIGHT Prime is a night scalper with a twist, and another distinguished member of our "Prime" series. The Prime Series is a curated selection of the best performing configurations drawn from our existing expert advisors (EA's). It's running on live accounts since 2022 with great results on many brokers, on the selected currency pairs. The Prime version of the EA boasts a fixed, optimized internal setup, as determined by analysing the results of live trading using the original EA. Despite its

149 USD

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Advanced Scalper Prime is a distinguished member of our "Prime" series. The Prime Series is a curated selection of the best performing configurations drawn from our existing expert advisors (EA's). The Prime version of the EA boasts a fixed, optimized internal setup, as determined by analysing the results of live trading using the original EA. Despite its lack of adjustable parameters, this setup has been carefully chosen to provide optimal performance. It will run 2 strategies for EURUSD and

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LUNA Prime is a night scalper, and another distinguished member of our "Prime" series. The Prime Series is a curated selection of the best performing configurations drawn from our existing expert advisors (EA's). It's running on live accounts since 2022 and is running really great on many brokers, on the selected currency pairs. The Prime version of the EA boasts a fixed, optimized internal setup, as determined by analysing the results of live trading using the original EA. Despite its lack of

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399 USD

Current promo: Only 1 left at 349$ Final price: 999$ NEW: Buy now and get 1 EA for free! (for 2 trade accounts) 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

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35 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

30 000 USD

149 USD

Filter:

441

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.

119

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

304

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.

59048

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

761

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.

419

xflove 2022.03.25 04:25 #

Running for more than a month is not ideal

360

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

302

Jeremayer 2022.02.02 16:38 #

Good Expert Advisor with competent support!

ichiran 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

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

517

iccapital 2021.12.29 23:15 #

Top work

961

Jin Feng Ji 2021.12.21 09:18 #

我买了这个ea，效果挺好，有探讨ea的朋友可以加我qq，1015628411

Juan Vargas 2021.12.16 03:47 #

Lo he estado unos pocos días, y hasta el momento funciona bastante bien. Mucho mejor que otros EA que he utilizado. Estoy feliz. El autor ha sido muy amable en responder todas mis consultas. Lo recomiendo en un 1000%. I've been with it for a few days, and so far it works pretty well. Much better than other EAs I have used. I am happy. The author has been very kind in answering all my queries. I recommend it 1000%

820

Shuhua Shen 2021.12.15 03:21 #

loss only, no reply

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Reply from developer Wim Schrynemakers 2021.12.15 06:41 #

Hi, I would highly recommend looking at long term when doing any kind of trading. no EA wins all the time. Omicron news made the markets nervous, which is reflected in the trading since Thanksgiving (when Omicron news first hit). but before that the EA is very stable, and this week, the result are back positive as well.

688

Dany Steyaert 2021.12.14 07:35 #

Currently running EA in trial mode, so far so good, will evaluate EOY and if positive it will be used on a live account.

1 2 3 4

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)