The Gold Reaper MQ5 v4.4 Source Code (Unlimited)
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Quick Verdict
The Gold Reaper MT5 is a professional multi-strategy Expert Advisor (EA) built exclusively for XAUUSD traders who value controlled risk, automated money management, and verified long-term performance. Featuring no Martingale, no Grid, adaptive trade frequency, and prop firm-friendly drawdown controls, it offers a balanced solution for traders seeking stable automated Gold trading.
Best For
✅ XAUUSD (Gold) traders
✅ Prop Firm accounts
✅ Medium and large trading accounts
✅ Traders looking for verified live signals
✅ Investors seeking low-drawdown automated trading
✅ Users who prefer No Grid / No Martingale systems
Overall Rating
9.7/10 ⭐⭐⭐⭐⭐
| Category | Rating |
|---|---|
| Trading Strategy | 9.8/10 |
| Automation | 9.8/10 |
| Risk Management | 9.9/10 |
| Live Performance | 9.7/10 |
| Ease of Use | 9.5/10 |
| Prop Firm Compatibility | 9.8/10 |
| Overall Rating | 9.7/10 |
What is The Gold Reaper MT5?
The Gold Reaper MT5 is a fully automated Expert Advisor designed exclusively for MetaTrader 5 and optimized for XAUUSD (Gold) trading. Developed on the successful foundation of GoldTrade Pro, this EA combines multiple breakout strategies, intelligent money management and adaptive trade frequency into a single automated system.
Unlike many Gold robots that rely on aggressive averaging techniques, The Gold Reaper MT5 follows a disciplined breakout methodology with predefined Stop Loss, Take Profit, Trailing Stop Loss, and Trailing Take Profit on every trade. Its built-in portfolio of independent strategies allows it to adapt to changing market conditions while spreading risk across multiple trading logics.
The EA is also highly suitable for prop firm traders, thanks to configurable maximum total drawdown, daily drawdown protection, news filters, and automatic lot sizing based on historical drawdown.
Vendor Website: View here
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The Gold Reaper MQ5 Overview
About the Developer
The Gold Reaper MT5 was developed by Wim Schrynemakers, founder of Profalgo Limited, an experienced algorithmic trader with 13+ years of experience in automated trading system development.
According to the developer profile:
⭐ 13+ years of trading system development
⭐ 27 published trading products
⭐ 26 live trading signals
⭐ Long-established reputation within the MQL5 community
⭐ Hundreds of subscribers and thousands of demo downloads
Other Popular Expert Advisors by Wim Schrynemakers:
⭐ GoldTrade Pro MT5
⭐ Advanced Scalper MT5
⭐ The Gold Reaper MT5
⭐ The Gold Phantom MT5
⭐ Ultimate Breakout System MT5
The developer is known for emphasizing transparent trading logic, realistic backtests, and avoiding unrealistic marketing claims.
How Does The Gold Reaper MT5 Work?
Multi-Strategy Breakout Engine
Instead of relying on one entry algorithm, the EA simultaneously runs multiple breakout strategies using support and resistance analysis.
Multiple Confirmation Filters
Every trade must pass several confirmation algorithms before execution, helping reduce false breakout signals.
Adaptive Trade Frequency
Trading frequency automatically adjusts according to:
🔹 Selected drawdown level
🔹 Market volatility
Users can also manually choose conservative, balanced or aggressive trading frequencies.
Automatic Position Sizing
The EA calculates lot size automatically based on the trader’s preferred maximum drawdown rather than using fixed lots.
Intelligent Trade Management
Every position includes:
🔹 Initial Stop Loss (SL)
🔹 Initial Take Profit (TP)
🔹 Trailing Take Profit (TP)
This allows profits to run while limiting downside risk.
Key Features
Multi-Strategy Gold Trading
Runs several independent trading strategies simultaneously to diversify risk.
Automatic Drawdown-Based Lot Sizing
Calculates optimal position size according to maximum allowed drawdown.
No Grid
No averaging positions.
No Martingale
No exponential lot multiplication.
Adaptive Trading Frequency
Automatically adjusts trading activity based on account conditions.
Prop Firm Ready
Includes configurable:
🔹 Virtual Orders
🔹 Randomized Entries
🔹 Daily Drawdown Protection
🔹 Maximum Drawdown Limits
Advanced News Protection
Supports:
🔹 NFP Filter
🔹 News Trading Protection
🔹 Automatic GMT Detection
🔹 Pending Order Management
Easy Installation
Simply install the EA, choose your preferred drawdown level, and let the system calculate the remaining parameters automatically.
Verified Live Signal Performance
The Gold Reaper MT5 has demonstrated strong long-term live performance through a publicly monitored trading signal.
The Gold Reaper Signal Results
Live Signal Summary
| Metric | Result |
|---|---|
| Trading Duration | 88 Weeks |
| Growth Since 2024 | 271% |
| Total Growth | 270.96% |
| Initial Deposit | $1,602.85 |
| Current Equity | $5,603.12 |
| Total Profit | $4,100.27 |
| Win Rate | 72.3% |
| Maximum Drawdown | 16.9% |
| Reliability | High |
| Trading Activity | 12.4% |
Performance Analysis
The verified live signal highlights consistent account growth with relatively low drawdown for a Gold trading strategy. A 72.3% winning trade ratio combined with a maximum drawdown below 17% demonstrates disciplined risk control. The steady equity curve over nearly two years further supports the EA’s focus on long-term stability rather than short-term aggressive gains.
Backtest Trading Results Performance
The developer provides multiple historical backtests using different drawdown configurations.
Prop Firm Configuration (Max Total DD 9%)
The Gold Reaper MQ5 Backtest
| Metric | Result |
|---|---|
| History Quality | 99% |
| Total Net Profit | 164,183.53 |
| Relative Drawdown | 4.40% |
| Profit Factor | 2.28 |
| Total Trades | 2,366 |
| Winning Trades | 85.08% |
| Recovery Factor | 15.12 |
➡️ Analysis: This conservative setup is optimized for prop firm challenges, achieving a very low drawdown while maintaining an exceptional win rate and steady equity growth.
Higher Frequency Configuration (Max DD 30%)
The Gold Reaper MQ5 Backtest Results
| Metric | Result |
|---|---|
| History Quality | 99% |
| Total Net Profit | 196,397.79 |
| Relative Drawdown | 12.43% |
| Profit Factor | 2.72 |
| Total Trades | 3,375 |
| Winning Trades | 81.48% |
| Recovery Factor | 12.13 |
➡️ Analysis: Increasing the allowable drawdown results in more trading opportunities and higher overall profitability. Even under this more aggressive configuration, the drawdown remains well controlled compared to many Gold EAs.
What Real Users Are Saying (User Reviews)
User feedback highlights several recurring strengths of The Gold Reaper MT5.
⭐⭐⭐⭐⭐ Karmik (2026.06.28)
“Praised the EA for avoiding Grid and Martingale while delivering reliable profits. Reported recovering losses from previous robots and appreciated the developer’s professional support.”
⭐⭐⭐⭐⭐ Andrei Koval (2026.06.13)
“Described The Gold Reaper as a modern MQL5 classic with predictable and stable performance. Also highlighted the developer’s ongoing improvements and responsive communication.”
⭐⭐⭐⭐⭐ RussellKing (2026.05.26)
“Reported that The Gold Reaper became the best-performing EA in a diversified portfolio, generating approximately £8,000 profit on a £20,000 account despite normal periods of drawdown.”
Why The Gold Reaper MT5 Stands Out
Proven Breakout Methodology
Built around support and resistance breakout trading rather than experimental AI concepts.
Multiple Internal Strategies
Diversifies market exposure by combining several independent trading models.
Automatic Risk Adaptation
Adjusts both lot size and trading frequency based on account size and drawdown targets.
Prop Firm Optimization
Designed specifically with modern proprietary trading firm requirements in mind.
Honest Development Philosophy
The developer emphasizes realistic testing, transparent execution, and long-term consistency over exaggerated performance claims.
Risk Management Features
The Gold Reaper MT5 includes one of the most comprehensive risk management systems available.
Automatic Drawdown-Based Lot Calculation
Automatically sizes positions according to the selected maximum account drawdown.
Maximum Daily Drawdown Protection
Stops trading after reaching a predefined daily loss threshold.
Weighted Position Sizing
Balances exposure across multiple internal strategies.
Margin Verification
Checks available free margin before placing new trades.
NFP Protection
Automatically manages open and pending orders during Non-Farm Payroll events.
Virtual Order Management
Supports brokers with pending order limitations while improving execution flexibility.
Recommended Trading Conditions
For the best performance, the developer recommends:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 5 (MT5) |
| Time frames | H1 (60 minute chart) |
| Currency pairs | XAUUSD (Gold) |
| Minimum / Recommended deposit | $600+ |
| Minimum / Recommended leverage | Any |
| Type of account | Any |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
Product Download Package?
The download package of the product suite includes:
Source Code MQ5
The Gold Reaper MT5 v4.4.mq5
Experts
The Gold Reaper MT5 v4.4.ex5
SetFiles
URL’s.txt
Propfirm__1.set
Gold_Pending Order.set
Gold_Auto (based on balance and risk).set
Reviewed by David Easton
Weaknesses and Risk Warnings
Although The Gold Reaper MT5 demonstrates excellent historical and live performance, traders should remain aware of the following considerations:
🔹 Designed exclusively for XAUUSD.
🔹 Gold remains a naturally volatile instrument, and periods of drawdown can occur.
🔹 Higher Trade Frequency settings increase both return potential and account risk.
🔹 Correct GMT configuration is essential for accurate news filtering.
🔹 Historical backtests and verified live results do not guarantee future performance.
Who Should Use The Gold Reaper MT5?
This Expert Advisor is ideal for:
🔹 Professional Gold traders
🔹 Prop Firm participants
🔹 MT5 users seeking fully automated trading
🔹 Traders who prefer No Grid and No Martingale systems
🔹 Investors looking for adaptive money management
🔹 Users wanting verified live performance with controlled drawdowns
Final Verdict
The Gold Reaper MT5 stands out as one of the most complete Gold trading Expert Advisors available for MetaTrader 5. By combining multiple breakout strategies, sophisticated money management, automatic drawdown-based lot sizing, and advanced trade management, it offers a professional solution for traders seeking long-term consistency rather than unrealistic short-term gains.
Its verified live signal, extensive historical testing, positive user feedback, and experienced developer further reinforce its credibility. Whether you are trading a personal account or preparing for a prop firm challenge, The Gold Reaper MT5 provides a flexible and transparent framework for automated Gold trading with disciplined risk control.
The Gold Reaper MT5 Settings Explained – Complete Configuration Guide
The Gold Reaper MT5 is a multi-strategy automated trading Expert Advisor developed for MetaTrader 5, designed with advanced money management, prop firm compliance, breakout filtering, and portfolio diversification in mind.
The EA allows traders to enable multiple trading strategies simultaneously while automatically calculating lot sizes based on predefined drawdown limits. It also includes built-in news protection, NFP filters, virtual stop management, and customizable trade execution parameters, making The Gold Reaper MT5 suitable for both retail and proprietary trading accounts.
The Gold Reaper MT5 Settings
Below are the details of the parameters in the advisor’s trading system settings table:
The Gold Reaper MQ5 Settings Panel
The Gold Reaper MQ5 Setting Panel
1. General Settings
🔹 UseVariableValues = true – Enables the EA to use all predefined variable values for automatic configuration.
🔹 AdjustLotsizeToVariableValues = true – Automatically adjusts position size according to the selected variable settings.
🔹 ShowInfoPanel = true – Displays the information panel directly on the trading chart.
🔹 Adjustment for Infopanel size = 1.0 – Sets the dashboard scaling factor to 1.0.
🔹 update infopanel during testing = false – Disables live dashboard updates while running strategy tests.
2. Trade Setup
🔹 Allow Buy Trades = true – Allows the EA to open Buy positions.
🔹 Allow Sell Trades = true – Allows the EA to open Sell positions.
🔹 TradeFrequency = Extreme (high risk!) – Uses the highest trading frequency profile for aggressive trading.
🔹 Maximum allowed spread = 500.0 – Prevents new trades if the market spread exceeds 500.0 points.
🔹 Print why pending orders are not placed = false – Disables logging for skipped pending orders.
🔹 UseHL_TrailingSL = true – Enables High/Low based trailing stop management.
🔹 Friday stop hour (brokertime; close all trades) = 25 – Specifies the broker hour for closing trades before the weekend.
🔹 setSL_TP_After_Entry = false – Does not modify Stop Loss and Take Profit after order execution.
🔹 Use Virtual Expiration = true – Uses virtual expiration logic for pending orders.
🔹 Randomization (entries and exit) in pips = 0.0 – No random offset is applied to entries or exits.
🔹 Fake Breakout Filter = Medium – Uses the Medium sensitivity breakout validation filter.
🔹 BaseMagicnumber = 8000 – Sets the base Magic Number to 8000.
🔹 Comment for trades = The Gold Reaper – Assigns The Gold Reaper as the order comment.
🔹 RemoveCommentSuffix = false – Keeps the original trade comment suffix.
3. News & Time Settings
🔹 Master switch for news/NFP filter = false – Disables the global news and NFP filter.
🔹 Legacy set compatibility = true – Maintains compatibility with older preset files.
🔹 AutoGMT = true – Automatically detects broker GMT offset.
🔹 Allow WebRequest GMT sync = false – Disables GMT synchronization through WebRequest.
🔹 GMT_OFFSET_Winter (AutoGMT=false or backtesting) = 2 – Manual winter GMT offset is 2.
🔹 MT_OFFSET_Summer (AutoGMT=false or backtesting) = 3 – Manual summer GMT offset is 3.
🔹 NFP_CloseOpenTrades = true – Closes open trades around NFP events.
🔹 NFP_ClosePendingOrders = true – Cancels pending orders during NFP periods.
🔹 NFP_MinutesBefore = 100 – Starts NFP protection 100 minutes before the release.
🔹 NFP_MinutesAfter = 60 – Continues protection for 60 minutes after NFP.
4. Prop Firm & Entry Adjustments
🔹 AdjustEntry = 0.0 – No additional adjustment is applied to trade entry prices.
🔹 AdjustSL = 0.0 – Leaves Stop Loss unchanged.
🔹 AdjustTP = 0.0 – Leaves Take Profit unchanged.
🔹 AdjustTrailSL = 0.0 – No trailing Stop Loss adjustment.
🔹 AdjustTrailTP = 0.0 – No trailing Take Profit adjustment.
🔹 AdjustBreakEven = 0.0 – Uses the default Break-Even calculation.
5. Money Management
🔹 manually set balance to use (if > 0) = 0.0 – Uses the real account balance instead of a custom value.
🔹 Lotsize Calculation method = Max Allowed Total Drawdown – Calculates lot size according to the maximum total drawdown model.
🔹 StartLots = 0.01 – Initial trading volume is 0.01 lots.
🔹 Max Allowed TOTAL Drawdown = 30.0 – Maximum total drawdown is limited to 30.0%.
🔹 Weighted Lotsize = true – Enables weighted lot size calculation.
🔹 Max Risk Per Strat = 1.0 – Limits each strategy to 1.0% maximum risk.
🔹 Set Max DAILY Drawdown (Prop Firms) = 0.0 – No daily drawdown limit is manually specified.
🔹 Use Equity Instead of Balance = false – Risk calculations are based on account balance.
🔹 OnlyUp = true – Restricts lot progression to upward scaling only.
🔹 check for free margin before setting trades = true – Verifies sufficient free margin before opening new trades.
6. Strategy Selection
🔹 Run Strategy 1 (low risk) = true – Enables Strategy 1.
🔹 Run Strategy 2 (low risk) = true – Enables Strategy 2.
🔹 Run Strategy 3 (low risk) = true – Enables Strategy 3.
🔹 Run Strategy 4 (med risk) = true – Enables Strategy 4.
🔹 Run Strategy 5 (med risk) = true – Enables Strategy 5.
🔹 Run Strategy 6 (med risk) = true – Enables Strategy 6.
🔹 Run Strategy 7 (med risk) = true – Enables Strategy 7.
🔹 Run Strategy 8 (high risk) = true – Enables Strategy 8.
🔹 Run Strategy 9 (high risk) = true – Enables Strategy 9.
🔹 Manual Strategy Selection Notice – Do not run manual strategies while using the Max Allowed Total DD lot sizing option.
Conclusion
The Gold Reaper MT5 provides an extensive professional-grade configuration system that combines aggressive multi-strategy execution with sophisticated money management. Features such as automatic lot sizing based on drawdown, multiple independent strategies, virtual order management, NFP protection, fake breakout filtering, and prop firm-oriented risk controls make this EA highly adaptable for different account types. Traders should carefully tune the Trade Frequency, Maximum Drawdown, and Strategy Selection parameters to match their personal risk tolerance and trading objectives.
FAQs
❓ What is the recommended lot size for The Gold Reaper MT5?
The default StartLots = 0.01 is suitable for most small accounts and can be automatically adjusted using the built-in money management system.
❓ Can I enable only selected strategies?
Yes. Each strategy (Strategy 1 through Strategy 9) can be enabled or disabled independently to customize the EA’s behavior.
❓ How does the Max Allowed Total Drawdown setting work?
It automatically calculates lot sizes while attempting to keep the overall account drawdown below the specified 30.0% limit.
❓ Does The Gold Reaper MT5 support proprietary trading firms?
Yes. The EA includes prop firm-friendly features such as maximum drawdown-based position sizing, daily drawdown controls, and advanced risk management.
❓ What is the purpose of the Fake Breakout Filter?
The Fake Breakout Filter helps reduce false breakout entries by validating price movements before placing trades, potentially improving overall trade quality.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is The Gold Reaper MQ5 designed to trade?
The Gold Reaper MQ5 is designed for XAUUSD trading, combining multiple breakout strategies with automated risk control and adaptive trade execution.
❓ How does The Gold Reaper MQ5 manage trading risk?
The Gold Reaper MQ5 automatically calculates lot sizes based on your selected maximum drawdown, helping maintain balanced portfolio exposure.
❓ Does The Gold Reaper MQ5 use Martingale or Grid strategies?
No. The Gold Reaper MQ5 follows breakout-based trading with predefined Stop Loss, Take Profit, and trailing protection without Grid or Martingale.
❓ Can The Gold Reaper MQ5 run multiple strategies at once?
Yes. The Gold Reaper MQ5 can execute up to nine independent strategies simultaneously, improving diversification and reducing strategy dependence.
❓ Is The Gold Reaper MQ5 suitable for prop firm trading?
Yes. The Gold Reaper MQ5 includes drawdown controls, NFP protection, automatic lot sizing, and daily risk management for prop firm requirements.
❓ How does The Gold Reaper MQ5 determine trade frequency?
The Gold Reaper MQ5 can automatically adjust trading frequency using account size and drawdown settings or allow manual frequency selection.
❓ Does The Gold Reaper MQ5 protect trades during major news events?
Yes. The Gold Reaper MQ5 includes optional NFP protection that can close trades, remove pending orders, and pause trading around key events.
❓ Can I use a fixed lot size with The Gold Reaper MQ5?
Yes. The Gold Reaper MQ5 supports fixed lot trading or automatic lot calculation based on maximum allowed drawdown and account balance.
❓ What timeframe should I use for The Gold Reaper MQ5?
The Gold Reaper MQ5 is recommended for XAUUSD on the H1 timeframe, although its internal logic is not dependent on the chart timeframe.
❓ Is The Gold Reaper MQ5 easy to configure for beginners?
Yes. The Gold Reaper MQ5 requires only your preferred drawdown or trade frequency, while the EA automatically manages lot sizing and execution.
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