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The Reaper EA MT5

3.34

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 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 50
    Sathit Sukhirun
    1664
    Sathit Sukhirun 2023.03.02 16:18 
     

    perfect Ea

    Sh_Mikhail
    236
    Sh_Mikhail 2023.01.07 06:21 
     

    Running low risk on selected pairs for a year now and happy with the performance. Also happy with the performance of Red Hawk that I got as a bonus with Reaper

    elkumbu
    27
    elkumbu 2022.07.28 15:52 
     

    Good product. I use it conservatively on my trading account. The recommendation would be to not mess with the recommended config by the author and use it in its current state. It works very well. Would be good if it could trade for more than 2 hours, but I am not complaining. The last couple of weeks have not been good, but you are never going to win every bet right so. Hang in there and always let the EA work its magic. Patience is the key for me, I suppose. Good product. Deserves 5 stars.

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    Experts
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    Filter:
    Kai Jun Zheng
    244
    Kai Jun Zheng 2024.02.12 03:11 
     

    Hope to contact you, I have some questions to ask!

    Sathit Sukhirun
    1664
    Sathit Sukhirun 2023.03.02 16:18 
     

    perfect Ea

    Sh_Mikhail
    236
    Sh_Mikhail 2023.01.07 06:21 
     

    Running low risk on selected pairs for a year now and happy with the performance. Also happy with the performance of Red Hawk that I got as a bonus with Reaper

    a121el1e
    233
    a121el1e 2022.11.25 02:07 
     

    Use this EA for A year and not profitable. The author also don't make any good improvement for this ea but instead keep making new night scalper EA. Not Recommended.

    Guo Min Lu
    163
    Guo Min Lu 2022.08.05 04:08 
     

    购买这个EA超过半年了，告诉大家这是个亏钱的EA

    elkumbu
    27
    elkumbu 2022.07.28 15:52 
     

    Good product. I use it conservatively on my trading account. The recommendation would be to not mess with the recommended config by the author and use it in its current state. It works very well. Would be good if it could trade for more than 2 hours, but I am not complaining. The last couple of weeks have not been good, but you are never going to win every bet right so. Hang in there and always let the EA work its magic. Patience is the key for me, I suppose. Good product. Deserves 5 stars.

    Mohamed Mohamed Attia Ahmed Aly
    190
    Mohamed Mohamed Attia Ahmed Aly 2022.06.28 14:34 
     

    Very bad, the backtest is totally different from real.. please understand that the author makes money from selling EAs not using them...

    The author kicked me out of the group, because I asked him to show a proof of using the EA on his big account as he claims... his all signals and proofs on accounts with 100$

    Profalgo Limited
    77242
    Reply from developer Wim Schrynemakers 2022.06.28 17:27
    I kicked you out because you were insulting me. not what you said about the EA. But about me personally, which has no place in any. Besides, the recommended "best pairs" setup is doing just fine during these turbulent times (https://www.mql5.com/en/signals/1292161). But after some losses you start throwing personal insults instead of asking me for advise. And that I can not tolerate.
    Alborz Mohammadpour
    188
    Alborz Mohammadpour 2022.06.04 02:41 
     

    Too many update and no result, sound like the programmer doesn't know what is he doing, making 3 pips per day is not enough for such high price, and most of the day is only loss.

    Profalgo Limited
    77242
    Reply from developer Wim Schrynemakers 2022.06.04 08:48
    I believe you are either not running on a good broker, or with a wrong setup. I have many customers with very good results. Also, it is not necessary to say that "I don't know what I'm doing"... I'm one of the most trusted developers on MQL5 and have lot of support from my clients
    Vladimir Stronskiy
    191
    Vladimir Stronskiy 2022.04.05 11:42 
     

    The Reaper is a great EA. I have been using it for over 6 months. It was a difficult period after the New Year, but today it's working well.

    Zhengyan Jia
    522
    Zhengyan Jia 2022.02.21 09:11 
     

    if you run at low risk and focus in long term, this is a perfect EA for you.

    Lucy
    550
    Lucy 2022.02.19 01:19 
     

    It requires smarter filter. Logic will not work because of lots of people using the same strategies too much during hyper thin liquidity time.

    Profalgo Limited
    77242
    Reply from developer Wim Schrynemakers 2022.02.19 06:52
    Hi, there is an option in the EA to "randomize" the entries of the trades. so that "filter" you are talking about is there. Also the rating can be given between 1 and 5 stars. It doesn't need to be 1 or 5.
    Alessandro Zecchin
    471
    Alessandro Zecchin 2022.02.18 13:45 
     

    I bought this EA at the end of August 2021 at a cost of 699USD seeing the excellent reviews and the excellent performance of the live account. I have never seen any gains since that time; the live performance no longer gave the gains obtained in the previous months. The seller continued to constantly update the product, without achieving the desired results. I ask for a refund

    PHUNPHAN ATTHAPHONG
    354
    PHUNPHAN ATTHAPHONG 2022.02.17 13:57 
     

    I rented it for 6 months. The winning percentage for the first two months was good. After that, every time I updated the EA, the loss increased. It's unclear if the update improved functionality, but the loss increased. I can't register a recommended broker, so please increase it.

    david tjan
    23
    david tjan 2022.02.12 01:09 
     

    User didn't leave any comment to the rating

    Tran Duc Anh
    1938
    Tran Duc Anh 2022.02.07 03:50 
     

    i am not profitable with this EA yet. I keep stopping using Reaper

    1 star for constantly updating work

    Dinh Loc Nguyen
    206
    Dinh Loc Nguyen 2022.02.03 05:57 
     

    Trong 2 tháng vừa qua tôi đã tổn thất 30% với ea này, riêng những ea khác của tác giả vẫn hoạt động tốt

    ROLF WILLY ORTMANN
    859
    ROLF WILLY ORTMANN 2022.02.01 07:46 
     

    ...

    KangaTrev
    217
    KangaTrev 2022.01.26 04:43 
     

    Stopped making money since 15th December 2021. Big losses since 9th Jan 2022. Was a good bot. Not so much anymore.

    Anthony Michel Jean Pierre Zunino
    160
    Anthony Michel Jean Pierre Zunino 2022.01.21 11:51 
     

    I rented the EA for 6 months so tested 6 months. The EA is really not bad on the whole it makes gains I will not say the opposite, but as soon as there is a news or that the market is disturbed the EA is not useful any more, it does not have filter news therefore it loses money... I specify anyway that I used the preset of the author and the pairs advised for the mode B, I think that the author will have to integrate a filter news so that the EA does not trade when there is important news, with that the EA would be perfect! I won't buy it until there is that

    Abdelmaseh Adel Azez Abdelmaseh
    661
    Abdelmaseh Adel Azez Abdelmaseh 2022.01.21 10:58 
     

    I lost within 3 days 971$ from initial capital, I will update the review and rating when I covered losses, I attached the statement at the comments tab

    123
    Reply to review
    Version 7.3 2023.06.07
    fixed problem with repeating messages

    RECOMMENDED UPDATE!!
    Version 7.2 2023.04.19
    fix bug in date calculation
    Version 7.1 2023.04.18
    fixed bug in news filter
    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 trading 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
    Version 6.1 2022.02.11
    fixed gbp newsfilter 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
    adjusted news filter to surely block high impact news, that was until now marked as "medium impact" with the current newsfeed source
    Version 5.8 2022.02.02
    added specific filter for AUD RBA news
    Version 5.7 2022.01.31
    Version 5.7
    - improved URL readingeading
    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
    Version 5.3 2022.01.26
    fixed "licence not valid" issue
    Version 5.2 2022.01.26
    removed message overload during backtesting
    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 (does not affect actual trading)
    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
    Version 3.7
    - slightly improved algorithm
    - Improved Performance Monitor -> added option to reset limited lotsize if shortterm performance is positive
    Version 3.5 2021.11.30
    adjusted EURUSD and USDJPY settings (no more forced minimum TP hardcoded internally)
    Version 3.4 2021.11.26
    fixed US Holidays 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 2021.10.15
    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. Please update
    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 about 20% more trades
    Version 2.0 2021.09.23
    Version 2.0
    - added option to split a trade into multiple small ones for better execution
    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 1.98 2021.09.18
    Adjusted internal name for Reset Forced TP parameter so that it works with the same set files as MT4
    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 1.95 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 1.92 2021.08.31
    Switched URL for autoGMT. will work better
    Version 1.91 2021.08.31
    - If Web based GMT fails to load, it switch back to VPS based GMT calculation instead of aborting the EA
    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
    fixed small bug swapfilter
    Version 1.84 2021.08.14
    added swapcost filter
    Version 1.83 2021.08.12
    fixed zero divide when using Risk Per Trade, causing to stop the EA
    Version 1.82 2021.08.05
    improved Triple Swap algo
    Version 1.81 2021.08.03
    - added spread filters to adjust
    Version 1.8 2021.07.21
    - improved protection against setting up the EA wrong when using OneChartSetup
    Version 1.7 2021.07.17
    . fixed OneChartSetup for brokers that use a suffix