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The Reaper EA MT5

149 USD

Demo downloaded: 8 391

Published: 17 July 2021

Current version: 7.3

The Reaper EA MT5

3.34

Experts
Profalgo Limited
Version: 7.3
Updated: 7 June 2023
Activations: 10

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..

more...

1295

Sathit Sukhirun 2023.03.02 16:18 #

perfect Ea

226

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 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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NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Get 1 EA for free! Make sure to check out our " Ultimate EA combo package " in our promo blog ! Live results: https://www.mql5.com/en/signals/1872951 high risk account 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 have dedicated a l

349 USD

MORE THAN 4 YEARS OF LIVE TRADE RESULTS ALREADY -> https://www.mql5.com/en/signals/413850 NEW PROMO: Only a few copies copies available at 349$ Next price: 449$ Get 1 EA for free! Make sure to check out our " Ultimate EA combo package " in our promo blog !! READ SETUP GUIDE BEFORE RUNNING THE EA !! -> https://www.mql5.com/en/blogs/post/705899 Other Live results : https://www.mql5.com/en/signals/1931084 Advanced Scalper is a professional trading robot that has been in development

499 USD

349 USD

Little Trade Helper is a fine tool for manual traders. It can quickly draw trendlines and support/resistance lines that will help to identify good price levels for placing entries, or set SL/TP levels. This indicator will not provide any direct buy/sell signals or notification, but is purely meant for those traders that want to get a quick graphical help in finding important levels on the chart. When switching to another timeframe, the indicator will immediately adjust and re-calculate all

35 USD

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 ! Gecko runs a simple, yet very effective, proven strategy. It looks for important recent high and lows and will trade the breakouts. The actual execution of this strategy however, is what makes this EA truly shine. Entry calculations and exit algorithms are not only unique but also very advanced. LIVE RESULTS: https://www.mql5.com/en/signals/7

149 USD

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 ! Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker. IMPORTANT

129 USD

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 ! Gecko runs a simple, yet very effective, proven strategy. It looks for important recent support and resistance levels and will trade the breakouts. This is a "real" trading system, which means it will use a SL to protect the account. It also means it will not use any dangerous techniques like martingale, grid or averaging down. The EA shows its

149 USD

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 ! Grid King is a revolution in grid trading. The main focus when developing the EA was safety, by eliminating the margin-call risk which is usually associated with most grid systems on the market. It also strives to achieve much higher returns than the average grid system, by spreading risk amongst multiple pairs and strategies which all have a li

249 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

249 USD

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;GB

149 USD

NOTE: only recommended for these pairs currently: EURAUD;GBPAUD;GBPCHF;EURCHF;AUDCAD and AUDUSD 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 ! Live monitoring : https://www.mql5.com/en/signals/1422803 The Viper EA uses sharp and effective "mean reversion" entries during the ranging period of the trading sessions (between 23h and 1h GMT+2, US DST). These trades already have a very high

149 USD

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 ! Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Recommended for HEDGING MT5 account types only! Since this kind of strategy works best with low spread and fast exec

129 USD

149 USD

Filter:

244

Kai Jun Zheng 2024.02.12 03:11 #

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

1295

Sathit Sukhirun 2023.03.02 16:18 #

perfect Ea

226

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

217

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.

162

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 2022.07.28 15:52 #

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$

60388

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.

178

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.

60388

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

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.

487

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.

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.

60388

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.

296

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

355

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 2022.02.12 01:09 #

User didn't leave any comment to the rating

1753

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

205

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

797

ROLF WILLY ORTMANN 2022.02.01 07:46 #

...

219

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.

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

619

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

1 2 3

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