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The Reaper EA MT5

4.94

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.


END OF YEAR PROMO: 
  • NOW ONLY 499$!  
  • ONLY 1 COPY LEFT AT THIS PRICE
  • PRICE AFTER PROMO: 999$
  • NEW: BUY THE REAPER EA AND RECEIVE 1 EA FOR FREE (linked to 2 trade account numbers)

    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.


    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 24
    Andre Gomes
    1901
    Andre Gomes 2021.12.04 19:09 
     

    The EA is excellent. Author is supportive and updates the EA on a regular basis. Totally recommend it!

    MykolaMolokanov
    130
    MykolaMolokanov 2021.11.19 20:47 
     

    Отличный советник. Спасибо Wim, отвечает на все вопросы! Буду обновлять отзыв каждый месяц.

    Rustem
    71
    Rustem 2021.11.19 00:56 
     

    добрый день. я первый раз покупаю робота. подробная инструкция помогает его настроить. Также спасибо Wim за поддержку советами.

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    Filter:
    Andre Gomes
    1901
    Andre Gomes 2021.12.04 19:09 
     

    The EA is excellent. Author is supportive and updates the EA on a regular basis. Totally recommend it!

    189114nickynomates
    546
    189114nickynomates 2021.12.02 09:31 
     

    To give a fair review. I brought Reaper EA on Black Friday special offer. First 3 days of trading using default settings was not so good. Developer upgraded the version to 3.5. Looking at results and from people posting results on the telegram site i could see some pairs are just a liability to trade so took 4 of them off. Day 4 of trading good results and now looking to optimize the account with other EA that trades different times to Reaper. All in all is just ok will update this review in a week or so. The Broker commission and trading account type are vital to get right as is the choice of VPS. Do your own testing and due diligence, if you do not do your research on these results will not be good. That's your short fall and not the EA do your homework.!!!!!!!!!

    GoldenPhoenix99
    1269
    GoldenPhoenix99 2021.11.30 10:36 
     

    Had performed well for 1-2 months but even my setting Max Risk Per Trade = 2%, I'm now in a EURUSD trade that's eaten 7.5% of my account. Lot of big losses over the last days too. Lost confidence in this EA somewhat.

    ...

    Adding to this based on the author's comment. This doesn't explain why I lost 7.5% - 8% on a single position when max risk per trade is set at 2%.

    Profalgo Limited
    47278
    Reply from developer Wim Schrynemakers 2021.11.30 10:52
    Hi, keep in mind that the recent Covid news has made markets very nervous. that is why we are seeing very hard to trade markets at the moment. It's impossible to prevent this with EA logic. Overal the month of november is still in profits, despite these past bad days. try to look longterm as every month this year has been positive
    Forex Monkey
    303
    Forex Monkey 2021.11.23 03:42 
     

    User didn't leave any comment to the rating

    MykolaMolokanov
    130
    MykolaMolokanov 2021.11.19 20:47 
     

    Отличный советник. Спасибо Wim, отвечает на все вопросы! Буду обновлять отзыв каждый месяц.

    Rustem
    71
    Rustem 2021.11.19 00:56 
     

    добрый день. я первый раз покупаю робота. подробная инструкция помогает его настроить. Также спасибо Wim за поддержку советами.

    Marinero
    161
    Marinero 2021.11.18 12:52 
     

    Well, The REAPER is my favoured EA...... Every night trading, and saluting me with pleasurable surprice almost every morning.. ;)

    Wim, best regards.!

    14Ti6bo44
    38
    14Ti6bo44 2021.11.09 16:31 
     

    Habe den EA seit dem 25.10.21 auf einem Live-Konto laufen. Bis jetzt sind es 16% Rendite. Einfach zu bedienen und funktioniert einwandfrei. Danke Wim!

    Update 22.11.21: Mittlerweile habe ich in Summe 27,5 % Rendite erzielt. Läuft wunderbar!

    harvie
    182
    harvie 2021.11.06 15:55 
     

    Good EA!

    supachan.s
    62
    supachan.s 2021.10.22 08:16 
     

    I've been running ea for 2 months, I've made great profits. And ea should be updated regularly in order to work at full efficiency.

    DaElio
    33
    DaElio 2021.10.06 18:22 
     

    Ich bin sehr zufrieden. Ich nutze den Reaper EA jetzt schon circa zwei Monate und bin etwas über 1.000 $ im Plus bei anfänglichen 11.000 $ Startkapital. Ich nutze die Standard-Settings mit leicht geänderten Werten wie z. B. "trade market open" [in der Nacht von Sonntag auf Montag] und einem Lotsizestep von 90, was einem deutlich erhöhten Risiko entspricht als von Wim vorgeschlagen. Hinzu kommen derzeitige Rabatt-Payback-Auszahlungen eines Anbieters, der circa 30 % meiner Kommission erstattet. In Summe bin ich da bei circa 500 $ mtl., die ich nicht reinvestiere sondern als monatlichen Cashflow betrachte. Die Chat-Gruppe ist sehr aktiv und es findet ein guter Austausch auch durch jene Leute statt, die den EA schon länger nutzen und Anfänger gerne Zeit schenken. Auch Wim hilft hier sehr gut aus und antwortet nicht nur pirvat sehr schnell. mit deepl übersetzt: I am very satisfied. I've been using the Reaper EA for about two months now and am a little over $1,000 in the black with an initial starting capital of $11,000. I use the standard settings with slightly modified values such as "trade market open" [in the night from Sunday to Monday] and a loticestep of 90, which corresponds to a significantly higher risk than suggested by Wim. On top of that, I currently have discount payback payments from a provider who reimburses about 30% of my commission. In total, I have about $500 per month, which I do not reinvest but consider as a monthly cash flow. The chat group is very active and there is a good exchange also through those people who have been using the EA for a long time and like to give beginners time. Wim also helps out very well here and answers very quickly, not only pirvat.

    SURAJIT_JOARDER
    72
    SURAJIT_JOARDER 2021.09.27 11:42 
     

    UPDATE !!!!! Thanks for the guidance to set the best SET file to make the EA work perfectly

    Profalgo Limited
    47278
    Reply from developer Wim Schrynemakers 2021.09.28 11:19
    thx!
    Iskandar Achon
    37
    Iskandar Achon 2021.09.23 11:51 
     

    I just rented your EA, however its not run the trade. anyone can help me?

    Profalgo Limited
    47278
    Reply from developer Wim Schrynemakers 2021.09.23 11:58
    this is question for comments page or private message, not in the reviews please...
    liu000202
    187
    liu000202 2021.09.05 14:12 
     

    对初学者最好有详尽的设置说明,下单记录在什么地方?

    Profalgo Limited
    47278
    Reply from developer Wim Schrynemakers 2021.09.06 06:02
    Hi, The minimum requirement is that you know how the MT4/MT5 platform works. If you know that, the setup is very easy and explained in the product page and blog.
    You simply load the EA to 1 EURUSD M5 chart and load the OneChartSetup set file that is available in the blog. It still not clear, contact me in private message
    Christian Boekhoff
    169
    Christian Boekhoff 2021.09.02 20:33 
     

    Working fine so far. 5 Days of testing now, +4%. I keep this review up to date every month.

    Update Ocotober 21: I started with a LotSizeStep of 50 and as you can see on live signal, September wasn't the best month for the reaper. My equity was about -10% and I changed the LotSizeStep to 100. The second half of September went better, but with smaller Lotsizes. All at all my profit is arround 0% and my equity at beginning. But I am still very trustful this EA making good results in the future. I keep it at 100 and may change it to 75 in November, when it does well.

    Update 01st November 21: +10%

    Update 17th November 21: The EA making awesome profits with the right settings. +25% so far

    li120530
    434
    li120530 2021.08.30 01:21 
     

    不错的头皮,官网买的很多ea了,可以加群一起讨论,qq群210060689

    ANDREAS KURT HANS MEYER
    1331
    ANDREAS KURT HANS MEYER 2021.08.24 23:31 
     

    The algorithm of The Reaper EA is very promising. Since yesterday I already have a profit of +3%. So far, it deserves 5 stars without any doubt. It is a fantastic night scalper system that is always optimized and developed further by the developer. I will update this review from time to time after long time experience.

    JCJ
    636
    JCJ 2021.08.19 02:30 
     

    100% real ticks back testing from 1 January 2018 to 20 August 2021 matching live results. Excellent programming, low DD considering it trades multiple currencies, several trades everyday, showing excellent profits so far.

    Atila Recep Akdeniz
    955
    Atila Recep Akdeniz 2021.08.13 15:55 
     

    Good Night Scalper, So far going well with low DD at conservative settings. Will update again later.

    Last few weeks were a little bumpy, going up and down. However that is expected with any scalper. Overall, still not bad and profitable after ~3 weeks.

    6 weeks later back in to loss territory... TP/SL settings do not appear to be very efficient and probably need some tuning.

    tobiaskaaniris
    84
    tobiaskaaniris 2021.08.12 09:13 
     

    1st night 8 trades, 8xTP, amazing. 2nd EA i use from author. Asked Wim lot's of questions already. Both PM and on Comments Page. He never gets tired to swiftly reply and efficiently help. Feeling safe. Thank you very much for great EA and great assistance! Used lot's of EA's already. This is by far the very best i ever came across!!!

    andnej
    33
    andnej 2021.08.12 06:15 
     

    I evaluated many EA, the free ones, and some premium ones. This is the best EA, I love the way it trades at night on 2 hours window, it cautiously place a bid and cancelling orders not fulfilled within the working time frame. It made small profits per day and it is safe, I can do my activities regularly without worrying that it may blow up my account. On a not working as predicted deals, it cautiously looking to end the trades with smallest lost acceptable or even a very small profits. This EA certainly a state of the art, only a rare amount of EA may perform with Stop Losses and creates a good profit, good at back testing and also have many live results according to each of possible setting Wim, the author, is responsive and helpful, a huge point. Keep up the good work.

    mohdsha
    31
    mohdsha 2021.08.06 15:57 
     

    Hello Author; i bought your EA 2 days back and i attach it to my MT5 charts. I have an account with Exness broker and till now i use trial account with $ $1000 and leverage of 1:200. The real account will be similar. the broker used in all pair symbols letter m at the end of each pair. for example for EURUSD the broker call it as EURUSDm. so based on this letter i filled the suffix input parameter with value m. Please have a look to my attached input values (find attached in the comments tab) if there is any mistake i have to fix. also since morning i did not get any trade opened automatically by the Reaper EA, is that normal ? . i run the Reaper EA on Meta Trader VPS

    Profalgo Limited
    47278
    Reply from developer Wim Schrynemakers 2021.08.06 17:22
    Answered in comments section. Please put questions in the comments section and keep this section for reviews
    dennisfyc12345
    248
    dennisfyc12345 2021.07.25 09:29 
     

    Recovered 66% of the cost in 3 trading days with a fixed 0.3 lot size setup. Amazed. But of course, 3 trading days is too short a period to determine if the results are sustainable or not. Will keep this updated. For now, 5 stars for sure.

    Week 1: 118.6 pips

    Week 2: 34.4 pips

    Week 3: 50.5 pips

    Week 4: 32.1 pips

    Week 5: 77.1 pips (updated on 22 august)

    Paslariu Marius
    120
    Paslariu Marius 2021.07.24 14:20 
     

    I rented it for 3 months and I got my investment back in the first night. Love doing bussiness with Wim ! I tottally reccommend ,just don`t be greedy and aply safe settings

    Reply to review
    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