The Gold Reaper MT5 EA v4.4 with SetFiles (Unlimited)
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Quick Verdict
The Gold Reaper MT5 EA is a professional Gold trading Expert Advisor (EA) built around proven breakout strategies, multiple internal trading systems and adaptive money management. Designed for both retail traders and prop firm accounts, it automatically balances trade frequency, lot sizing, and risk exposure while maintaining disciplined drawdown control and impressive long-term live performance.
Best For
✅ XAUUSD (Gold) traders
✅ Prop Firm traders
✅ Traders seeking automated risk management
✅ Swing and breakout trading enthusiasts
✅ Investors looking for long-term consistency rather than high-risk systems
Overall Rating
9.8 / 10 ⭐⭐⭐⭐⭐
| Category | Rating |
|---|---|
| Trading Strategy | 9.8 / 10 |
| Live Performance | 9.8 / 10 |
| Risk Management | 9.9 / 10 |
| Ease of Use | 9.6 / 10 |
| Value for Money | 9.7 / 10 |
What is The Gold Reaper MT5 EA?
The Gold Reaper MT5 EA is a premium automated trading robot developed exclusively for XAUUSD (Gold). Built upon the successful foundation of Gold Trade Pro, the EA combines multiple internal breakout strategies, intelligent money management, adaptive trailing stop technology, and configurable trading frequency into a single professional trading solution.
Instead of relying on risky recovery methods, The Gold Reaper focuses on identifying high-probability breakouts from major support and resistance zones while automatically adjusting trade frequency and lot sizing according to account size and maximum drawdown preferences.
Vendor Website: View here
How Does The Gold Reaper MT5 EA Work?
Multi-Strategy Breakout Engine
The EA simultaneously operates multiple independent breakout strategies, allowing risk to be diversified across different market conditions instead of depending on a single entry model.
Dynamic Trade Frequency
One of its strongest features is automatic trade frequency adjustment. Depending on account size and selected maximum drawdown, the EA automatically selects an appropriate trading intensity ranging from conservative to extreme.
Intelligent Money Management
Rather than using fixed lot sizes, the system calculates position size based on maximum allowed account drawdown, creating a balanced relationship between profitability and capital preservation.
Adaptive Trailing Technology
Every trade is protected by:
🔹 High/Low Trailing Stop
🔹 Trailing Take Profit
allowing winning trades to maximize their potential while minimizing downside risk.
Multiple Confirmation Algorithms
Before opening a position, several internal confirmation filters evaluate market structure, helping eliminate weaker breakout opportunities and improving entry quality.
Key Features of Gold Reaper MT5
Fully Automated Drawdown-Based Position Sizing
Automatically adjusts lot size according to the maximum drawdown selected by the user.
Nine Integrated Trading Strategies
Includes multiple low-, medium-, and high-risk strategies that can be enabled or disabled individually.
Automatic Trade Frequency
Optimizes trading activity without requiring manual parameter adjustments.
High/Low Adaptive Trailing Stop
Protects profits dynamically as market conditions evolve.
NFP & News Protection
Provides optional Non-Farm Payroll filtering and automatic position management during major news events.
Prop Firm Ready
Includes daily drawdown controls, automatic money management, and broker-friendly execution.
No Grid or Martingale
All trades are protected with predefined Stop Loss and Take Profit levels.
Verified Live Signal Performance
The Gold Reaper MT5 EA has one of the longest verified live trading histories among Gold Expert Advisors, demonstrating stable growth over nearly two years.
The Gold Reaper New Live Signal
Live Signal Statistics
| Metric | Result |
|---|---|
| Growth | 270.96% |
| Signal Age | 88 Weeks |
| Reliability | High |
| Initial Deposit | $1,602.85 |
| Current Equity | $5,603.12 |
| Total Profit | $4,100.27 |
| Profit Trades | 72.3% |
| Maximum Drawdown | 16.9% |
| Trading Activity | 12.4% |
| Max Deposit Load | 4.8% |
Performance Analysis
The verified live account demonstrates excellent long-term consistency with more than 270% growth over 88 weeks while maintaining a relatively controlled maximum drawdown below 17%. The steadily rising equity curve highlights the EA’s ability to navigate varying Gold market conditions without excessive risk.
Live Performance Highlights
🔹 Nearly two years of verified trading.
🔹 Strong long-term equity growth.
🔹 Controlled drawdown.
🔹 Consistent monthly profitability.
🔹 Moderate trading frequency.
🔹 Professional money management.
Backtest Trading Results Performance
The Gold Reaper MT5 EA has undergone extensive historical testing using 99% modeling quality, covering long-term Gold market data across multiple brokers.
Long-Term Stability Test (2008–2024)
The Gold Reaper MT5 Test Results
| Metric | Result |
|---|---|
| History Quality | 99% |
| Total Net Profit | 19,301.13 |
| Profit Factor | 1.78 |
| Recovery Factor | 22.00 |
| Total Trades | 9,913 |
| Winning Trades | 84.14% |
| Relative Drawdown | 4.26% |
➡️ Analysis: This long-term test confirms exceptional trading stability with a smooth equity curve, high winning percentage, and remarkably low drawdown considering the extended testing period.
High-Frequency Configuration (2020–2024)
The Gold Reaper MT5 Test
| Metric | Result |
|---|---|
| History Quality | 99% |
| Total Net Profit | 16,233,957.52 |
| Profit Factor | 4.08 |
| Total Trades | 3,382 |
| Winning Trades | 81.52% |
| Balance Drawdown Relative | 31.58% |
➡️ Analysis: The aggressive setup demonstrates the EA’s scalability when traders intentionally increase trading frequency and maximum drawdown limits. While profit potential rises significantly, account risk naturally increases as well.
What Real Users Are Saying (User Reviews)
⭐⭐⭐⭐⭐ Paula Bianca Van Kerchove
“Excellent live performance with professional risk management. The developer continuously improves the EA and actively supports the trading community.”
⭐⭐⭐⭐⭐ KARMIK
“Unlike many overpriced Gold EAs, The Gold Reaper uses no Grid or Martingale. Honest development, reliable performance, and outstanding customer support.”
⭐⭐⭐⭐⭐ Roman Tressler
“Within just a few days of live trading, I achieved around 10% account growth. Everything has worked exactly as expected.”
User reviews of The Gold Reaper MT5
Why The Gold Reaper MT5 EA Stands Out
Automatic Drawdown-Based Intelligence
Rather than forcing users to manually optimize dozens of parameters, the EA automatically balances lot size and trading frequency according to the desired maximum drawdown.
Multiple Independent Strategies
Nine integrated breakout systems diversify risk across different market conditions.
Extremely Long Historical Validation
Stress-tested over the longest available Gold historical data using multiple broker price feeds.
Professional Risk Philosophy
The developer openly avoids unrealistic marketing tactics, focusing instead on transparent and repeatable trading logic.
Excellent Live Verification
Nearly two years of verified live trading provide confidence that real-world execution closely matches historical expectations.
Risk Management Features
Maximum Drawdown-Based Position Sizing
Automatically calculates trading volume according to the user’s preferred drawdown limit.
Maximum Risk Per Strategy
Each individual strategy is restricted to a predefined maximum risk level.
Daily Drawdown Protection
Optional protection designed specifically for prop firm trading environments.
High/Low Trailing Stop
Automatically locks in profits while reducing downside exposure.
Margin Verification
Checks available free margin before every new position.
News Protection
Optional NFP filter automatically closes or suspends trading around major economic events.
No Grid, No Martingale
Every trade follows predefined Stop Loss and Take Profit rules without recovery systems.
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 | $300 |
| Minimum / Recommended leverage | 1:30+ |
| Product type | NoDLL |
| 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:
Experts
The Gold Reaper MT5 v4.3.ex5
The Gold Reaper MT5 v4.4.ex5
SetFiles
propfirm__1.set
gold reaper_lowrisk.set
gold reaper_mediumrisk.set
gold reaper_highrisk.set
Reviewed by David Easton
Weaknesses and Risk Warnings
Aggressive Modes Increase Risk
Extreme trade frequency settings can generate higher returns but also significantly increase account drawdown.
Gold Market Volatility
Although breakout systems perform well during volatile markets, ranging conditions may temporarily reduce profitability.
Requires Proper Risk Settings
Users should carefully configure the maximum allowed drawdown according to their personal risk tolerance.
Trading Disclaimer
Past live performance and historical backtests do not guarantee future results. Always begin with a demo account or conservative lot sizing before increasing trading risk.
Who Should Use The Gold Reaper MT5 EA?
Ideal Users
🔹 Professional Gold traders.
🔹 Prop Firm traders.
🔹 Investors seeking long-term consistency.
🔹 Traders wanting automated drawdown management.
🔹 Users looking for multi-strategy diversification.
🔹 Traders avoiding Grid and Martingale systems.
Not Recommended For
🔹 Traders expecting guaranteed profits.
🔹 Beginners unwilling to learn basic risk management.
🔹 Investors seeking ultra-high-frequency scalping only.
🔹 Traders uncomfortable with temporary drawdown periods.
Final Verdict
The Gold Reaper MT5 EA is one of the most comprehensive automated Gold trading systems available today. Combining nine integrated breakout strategies, adaptive money management, intelligent drawdown-based position sizing, advanced trailing stop technology, and verified long-term live performance, it delivers a professional solution suitable for both retail traders and prop firm environments.
Its nearly two years of verified live results, extensive historical testing, transparent development philosophy, and disciplined No Grid / No Martingale approach make it an excellent choice for traders seeking sustainable long-term growth rather than unrealistic short-term promises. For anyone looking for a robust, flexible, and professionally engineered Gold Expert Advisor, The Gold Reaper MT5 EA stands out as one of the strongest options in today’s automated trading market.
The Gold Reaper MT5 Settings Guide – Complete Parameter Explanation
The Gold Reaper MT5 is a professional automated Gold trading Expert Advisor engineered to combine multiple trading strategies, intelligent money management, adaptive trailing stop technology, and comprehensive risk protection.
Designed for both retail traders and prop firm accounts, the EA provides extensive customization for trade execution, news filtering, position sizing, and strategy selection, allowing users to optimize performance under different market conditions.
The Gold Reaper MT5 Settings Explained
01 – General Settings
🔹 UseVariableValues: true – Enables the EA to use internally optimized variable values for dynamic trade management.
🔹 AdjustLotsizeToVariableValues: true – Automatically adjusts the trading lot size according to the selected variable value configuration.
🔹 ShowInfoPanel: true – Displays the EA information panel directly on the chart.
🔹 Adjustment for Infopanel size: 1.0 – Sets the Info Panel scale to 1.0, using the default display size.
🔹 update infopanel during testing: false – Disables Info Panel updates while running Strategy Tester.
02 – 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!) – Configures the EA to use the Extreme (high risk!) trading frequency for maximum trading activity.
🔹 Maximum allowed spread: 500.0 – Trades are permitted only when the spread does not exceed 500.0 points.
🔹 Print why pending orders are not placed: false – Disables diagnostic messages explaining why pending orders were skipped.
🔹 UseHL_TrailingSL: true – Enables High/Low-based Trailing Stop management.
🔹 Friday stop hour (brokertime; close all trades): 25 – Defines the broker-time hour used for Friday trading shutdown and trade closure.
🔹 setSL_TP_After_Entry: false – Stop Loss and Take Profit are not added after the trade is opened.
🔹 Use Virtual Expiration: true – Uses virtual expiration management for pending orders.
🔹 Randomization (entries and exit) in pips: 0.0 – No random price offset is applied to trade entries or exits.
🔹 Fake Breakout Filter: Medium – Uses the Medium fake breakout filter sensitivity.
🔹 BaseMagicnumber: 8000 – Uses 8000 as the base Magic Number for identifying EA trades.
🔹 Comment for trades: The Gold Reaper – Adds “The Gold Reaper” as the trade comment.
🔹 RemoveCommentSuffix: false – Keeps the default comment suffix attached to trade comments.
03 – News and Time Settings
NFP Filter
🔹 Master switch for news/NFP filter: false – Disables the global News and NFP filtering system.
🔹 Legacy set compatibility: true – Enables compatibility with older preset (.set) files.
🔹 AutoGMT: true – Automatically detects the broker’s GMT offset.
🔹 Allow WebRequest GMT sync: false – Disables GMT synchronization using WebRequest.
🔹 GMT_OFFSET_Winter (AutoGMT=false or backtesting): 2 – Uses GMT +2 during winter when AutoGMT is disabled.
🔹 MT_OFFSET_Summer (AutoGMT=false or backtesting): 3 – Uses GMT +3 during summer when AutoGMT is disabled.
🔹 NFP_CloseOpenTrades: true – Closes open positions before Non-Farm Payroll events.
🔹 NFP_ClosePendingOrders: true – Removes pending orders before NFP announcements.
🔹 NFP_MinutesBefore: 100 – Activates protection 100 minutes before the NFP event.
🔹 NFP_MinutesAfter: 60 – Resumes trading 60 minutes after the NFP event.
04 – Prop and Entry Adjustments
🔹 AdjustEntry: 0.0 – No additional entry price adjustment is applied.
🔹 AdjustSL: 0.0 – Uses the default Stop Loss calculation.
🔹 AdjustTP: 0.0 – Uses the default Take Profit calculation.
🔹 AdjustTrailSL: 0.0 – No Trailing Stop adjustment is applied.
🔹 AdjustTrailTP: 0.0 – Uses the default Trailing Take Profit settings.
🔹 AdjustBreakEven: 0.0 – Break-even adjustment remains at the default value.
05 – Money Management
Lot Size Settings
🔹 manually set balance to use (if > 0): 0.0 – Manual balance override is disabled.
🔹 Lotsize Calculation method: Max Allowed Total Drawdown – Calculates lot size based on the maximum permitted account drawdown.
🔹 StartLots: 0.01 – Starts trading with an initial lot size of 0.01 lots.
🔹 Max Allowed TOTAL Drawdown: 30.0 – Limits total drawdown to 30.0%.
🔹 Weighted Lotsize: true – Enables weighted lot size calculations.
🔹 Max Risk Per Strat: 1.0 – Limits each strategy to a maximum risk of 1.0%.
🔹 Set Max DAILY Drawdown (Prop Firms): 0.0 – Daily drawdown protection is disabled.
🔹 Use Equity Instead of Balance: false – Position sizing is based on account balance instead of equity.
🔹 OnlyUp: true – Allows lot size to increase only when account growth occurs.
🔹 check for free margin before setting trades: true – Verifies sufficient free margin before opening new positions.
06 – Strategy Selection
🔹 Manual Strategy Selection Warning: !! DO NOT RUN MANUAL STRATEGIES WHILE USING ‘MAX ALLOWED TOTAL DD’ OPTION !! – Warns users not to manually combine strategy selection with automatic maximum drawdown lot sizing.
🔹 Run Strategy 1 (low risk): true – Enables Strategy 1 (Low Risk).
🔹 Run Strategy 2 (low risk): true – Enables Strategy 2 (Low Risk).
🔹 Run Strategy 3 (low risk): true – Enables Strategy 3 (Low Risk).
🔹 Run Strategy 4 (med risk): true – Enables Strategy 4 (Medium Risk).
🔹 Run Strategy 5 (med risk): true – Enables Strategy 5 (Medium Risk).
🔹 Run Strategy 6 (med risk): true – Enables Strategy 6 (Medium Risk).
🔹 Run Strategy 7 (med risk): true – Enables Strategy 7 (Medium Risk).
🔹 Run Strategy 8 (high risk): true – Enables Strategy 8 (High Risk).
🔹 Run Strategy 9 (high risk): true – Enables Strategy 9 (High Risk).
Conclusion
The Gold Reaper MT5 is a feature-rich Gold trading Expert Advisor that combines multiple integrated strategies, intelligent money management, adaptive High/Low trailing stops, and advanced news protection into a single automated trading system.
With configurable trade frequency, dynamic lot sizing based on drawdown, extensive strategy selection, and prop firm-friendly risk controls, the EA provides traders with the flexibility to tailor performance while maintaining disciplined risk management. Proper configuration of these settings can help optimize execution quality, account protection, and long-term trading consistency.
FAQs
❓ What lot sizing method does The Gold Reaper MT5 use by default?
By default, the EA uses the Max Allowed Total Drawdown method, automatically calculating position size while respecting the configured 30.0% maximum total drawdown limit.
❓ Can I enable or disable individual trading strategies?
Yes. The EA includes nine independent strategies, allowing you to activate or deactivate each one individually according to your preferred level of trading risk.
❓ Does The Gold Reaper MT5 include news protection?
Yes. The EA supports NFP protection, including automatic closing of open trades, deletion of pending orders, and configurable protection windows before and after major news events.
❓ What is the purpose of the High/Low Trailing Stop?
The UseHL_TrailingSL feature automatically adjusts the Stop Loss using recent market Highs and Lows, helping protect profits while allowing trades room to develop naturally.
❓ Is The Gold Reaper MT5 suitable for prop firm trading?
Yes. The EA includes configurable drawdown controls, weighted lot sizing, free-margin verification, adaptive money management, and dedicated Prop Firm adjustment settings, making it suitable for many prop firm trading requirements when configured appropriately.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What trading strategy does The Gold Reaper Robot use?
The Gold Reaper Robot trades breakout opportunities on XAUUSD using multiple confirmation algorithms and support-resistance analysis with no Grid or Martingale.
❓ Does The Gold Reaper Robot automatically adjust lot size?
Yes. The Gold Reaper Robot can calculate lot size automatically based on your account balance and selected maximum drawdown settings.
❓ Can I manually control the trade frequency in The Gold Reaper Robot?
Yes. The Gold Reaper Robot lets you choose trading frequency from very conservative to extreme, or use its fully automatic mode.
❓ Is The Gold Reaper Robot suitable for Prop Firm accounts?
Yes. The Gold Reaper Robot includes daily drawdown controls, NFP protection, and flexible risk settings that suit many Prop Firm requirements.
❓ Does The Gold Reaper Robot use Stop Loss and Trailing Stop?
Yes. The Gold Reaper Robot applies Stop Loss, Take Profit, Trailing Stop, and Trailing Take Profit to improve trade protection and profit management.
❓ What market and timeframe are recommended for The Gold Reaper Robot?
The Gold Reaper Robot is designed for XAUUSD, with H1 recommended for live trading, although backtesting can be performed from any timeframe.
❓ Can The Gold Reaper Robot filter high-impact news events?
Yes. The Gold Reaper Robot supports NFP filtering, automatic GMT detection, and configurable news protection before and after major releases.
❓ Does The Gold Reaper Robot support fixed lots and automatic risk management?
Yes. The Gold Reaper Robot offers fixed lot trading or automatic lot sizing based on maximum allowed drawdown and account conditions.
❓ Can I run The Gold Reaper Robot together with Goldtrade Pro?
Yes. The Gold Reaper Robot has low strategy correlation with Goldtrade Pro, allowing both EAs to complement each other on the same account.
❓ What is the minimum account balance for The Gold Reaper Robot?
The Gold Reaper Robot recommends a minimum balance of $600 and works best with proper risk settings, low spreads, and reliable broker execution.
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