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Quick Verdict
The cryptocurrency market is filled with automated trading robots promising extraordinary profits. Unfortunately, many rely on dangerous Martingale, Grid, or averaging-down techniques that can eventually wipe out an account during extreme market volatility. The Bitcoin Reaper MT5 was designed with a completely different philosophy.
Created by Profalgo Limited, this Expert Advisor applies proven breakout trading principles to Bitcoin, combining 10 diversified strategies, intelligent risk management, automatic market adaptation, and prop-firm-friendly controls into a single easy-to-use trading system.
Best For
The Bitcoin Reaper MT5 is ideal for:
✅ Bitcoin (BTCUSD) traders seeking automated trading
✅ Traders looking for a non-Martingale strategy
✅ Prop firm traders
✅ Investors seeking long-term portfolio growth
✅ Traders who prefer risk-adjusted returns
✅ Cryptocurrency traders wanting hands-free execution
Overall Rating
⭐⭐⭐⭐⭐ 9.3/10
| Category | Score |
|---|---|
| Trading Strategy | 9.5/10 |
| Risk Management | 9.4/10 |
| Diversification | 9.5/10 |
| Live Performance | 9.0/10 |
| Ease of Use | 9.2/10 |
| Value for Money | 9.3/10 |
What is The Bitcoin Reaper MT5?
The Bitcoin Reaper MT5 is a fully automated Bitcoin trading Expert Advisor (EA) designed exclusively for the BTCUSD market.
Unlike many crypto robots that rely on averaging down or Martingale recovery systems, The Bitcoin Reaper uses a genuine breakout strategy based on support and resistance levels.
The EA automatically identifies high-probability breakout opportunities and manages every trade using predefined stop-losses, take-profits, and dynamic trailing mechanisms.
Vendor website: View here
Delivery time 24h-48h after payment.
Refund if not delivered.
You will receive the current version without any limitations (ID+Time).
The Bitcoin Reaper EA Review
About the Developer
The Bitcoin Reaper MT5 was developed by Profalgo Limited, led by veteran algorithmic trader Wim Schrynemakers.
With more than two decades of experience in system development, Wim has built several highly successful Expert Advisors on the MQL5 marketplace.
Other Popular EAs by the Same Developer:
✔ Ultimate Breakout System MT5
The developer is known for creating transparent systems based on real market logic rather than risky account-doubling techniques.
Key Features of The Bitcoin Reaper EA
✔ 10 built-in trading strategies
✔ Automated breakout trading system
✔ Adaptive Bitcoin price scaling
✔ Built-in NFP, CPI and Interest Rate filters
✔ Dynamic risk allocation
✔ Prop firm compatible
✔ Automated GMT synchronization
✔ One-chart setup
✔ Automatic strategy selection
✔ Drawdown-based risk management
How Does The Bitcoin Reaper MT5 Work?
The Bitcoin Reaper is built around one of the most effective trading concepts ever developed: breakout trading.
Trades Support and Resistance Breakouts
The EA identifies important support and resistance levels and places trades when price successfully breaks through these zones.
Uses 10 Independent Strategies
Instead of relying on a single entry model, The Bitcoin Reaper combines 10 separate strategies.
This diversification helps smooth performance and reduce dependency on one market condition.
Automatic Bitcoin Price Adaptation
A unique feature of the EA is its ability to automatically adjust to Bitcoin’s changing price levels.
Whether Bitcoin trades at:
✔ $10,000
✔ $100,000
✔ $1,000,000
the EA recalculates entries, stop-losses, take-profits, and trailing stops automatically.
Dynamic Trade Frequency
Users can choose different trade frequencies or allow the EA to automatically determine the optimal strategy combination.
Advanced News Filters
The EA includes protection against major market-moving events:
✔ NFP Filter
✔ CPI Filter
✔ Interest Rate Filter
Prop Firm Protection
Randomized entries and unique trade adjustments help create trading behavior that differs from other users.
Fully Automated Risk Management
The EA automatically calculates position sizing based on the maximum drawdown level selected by the trader.
Historical Backtest Performance
The Bitcoin Reaper MT5 demonstrates impressive historical performance across multiple risk profiles.
Low-Risk Portfolio Test (2020–2025)
The Bitcoin Reaper MT5 Reviews
| Metric | Result |
|---|---|
| Starting Balance | $5,000 |
| Ending Balance | Over $900,000 |
| Maximum Drawdown | Approximately 10% |
| Profit Factor | 1.51 |
| Winning Trades | 55.07% |
| Return/DD Ratio | 30.34 |
| Total Trades | 24,184 |
Analysis:
This low-risk configuration produced exceptional growth while maintaining remarkably controlled drawdown levels.
The Return-to-Drawdown ratio above 30 is particularly impressive and demonstrates strong risk-adjusted performance.
Default Settings Test (2022–2025)
The Bitcoin Reaper MT5 Review
| Metric | Result |
|---|---|
| Starting Balance | $5,000 |
| Ending Balance | Over $15 Million |
| Maximum Drawdown | Approximately 30% |
| Trading Period | 2022–2025 |
Analysis:
The aggressive profile highlights the scalability of the strategy.
While drawdown is naturally higher, the growth curve demonstrates the power of combining multiple breakout systems in a trending cryptocurrency market.
Backtest Strengths
The historical testing reveals several positive characteristics:
✔ Smooth equity growth
✔ Consistent profitability
✔ Limited stagnation periods
✔ Controlled drawdowns
✔ Large sample size
✔ Thousands of executed trades
What Real Users Are Saying
User feedback appears generally positive, especially among traders using the EA for several months.
Christian Quintavalle
“Bought Bitcoin Reaper in July 2025 and reported that after some initial losses, the EA began performing very well.”
Ukrit Khonglao
“Mentioned experiencing ups and downs during Bitcoin consolidation phases but praised the developer’s ongoing updates and risk-control improvements.”
Benrashi Sagev Jacobson
“Described the EA as a strong performer with solid live account results and highlighted the developer’s professionalism.”
Common Themes from User Reviews
Positive comments frequently mention:
✔ Long-term profitability.
✔ Stable drawdowns.
✔ Responsive developer support.
✔ Continuous improvements.
✔ Good prop-firm compatibility.
Why The Bitcoin Reaper MT5 Stands Out
10 Strategies in One EA
Most Bitcoin EAs rely on a single signal model.
The Bitcoin Reaper combines 10 independent systems for superior diversification.
Auto-Adaptive Technology
The EA automatically adjusts to future Bitcoin price levels without requiring re-optimization.
Extremely Easy Setup
Users simply choose their desired maximum drawdown level and the EA handles the rest.
Prop Firm Ready
Built-in tools help traders meet funded-account requirements.
Real Breakout Logic
✔ No Grid.
✔ No Martingale.
✔ No Averaging-down systems.
Just genuine breakout trading.
Risk Management Features
Risk control is one of the strongest components of The Bitcoin Reaper MT5.
Fixed Stop Loss Protection
Every trade includes predefined risk limits.
Dynamic Trailing Stops
The EA protects profits while allowing winning trades to run.
Maximum Drawdown Configuration
Users can select their preferred risk profile through the Max Allowed Total Drawdown setting.
Daily Drawdown Protection
Ideal for prop firm traders.
The EA can automatically stop trading once daily risk limits are reached.
Margin Protection
Additional checks help avoid overexposure during volatile conditions.
News Event Protection
Built-in filters help reduce risk during major economic announcements.
Recommended Trading Conditions
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 5 (MT5) |
| Time frames | H1 (60 minute chart) |
| Currency pairs | Bitcoin (BTCUSD) |
| Minimum / Recommended deposit | $150 |
| Minimum / Recommended leverage | 1:100 or more |
| Setup files | Available |
| Product type | Original version |
| 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 Bitcoin Reaper.ex5
SetFiles
✅ Bitcoin Reaper_Prop_Firm.set
✅ Bitcoin Reaper_LowRisk.set
✅ Bitcoin Reaper_MediumRisk.set
✅ Bitcoin Reaper_HighRisk.set
✅ Bitcoin Reaper_Prop_Firm_combo.set
➡️ Reviewed by David Easton
Potential Risks (Weaknesses and Risk Warnings)
No trading system can guarantee profits.
Bitcoin Volatility
Bitcoin remains one of the most volatile financial instruments.
Breakout Failure Risk
False breakouts can generate losing trades.
Drawdown Periods
Even profitable systems experience temporary losing streaks.
Market Regime Changes
Performance may vary during extended low-volatility environments.
Higher Risk Settings
Aggressive drawdown configurations can significantly increase account volatility.
Who Should Use The Bitcoin Reaper MT5?
Ideal For
✅ Bitcoin traders
✅ Prop firm traders
✅ Crypto investors
✅ Traders seeking diversification
✅ Traders who prefer automated systems
✅ Long-term growth-focused investors
Not Ideal For
❌ Traders expecting guaranteed profits
❌ Traders unwilling to tolerate normal drawdowns
❌ Investors seeking ultra-low-risk returns
❌ Users who constantly change settings and interfere with automation
Final Verdict
The Bitcoin Reaper MT5 successfully applies a proven breakout methodology to one of the world’s most volatile and profitable markets: Bitcoin.
By combining 10 diversified strategies, automatic market adaptation, advanced risk management, news-event protection, and prop-firm-friendly controls, the EA delivers a professional-grade automated trading solution that stands apart from the majority of crypto robots available today.
The historical results are particularly impressive, showcasing strong long-term growth while maintaining controlled drawdowns. Combined with positive user feedback and the developer’s established reputation, The Bitcoin Reaper MT5 represents a compelling choice for traders looking to automate Bitcoin trading intelligently.
🔢 The Bitcoin Reaper EA MT5 Settings Guide
The Bitcoin Reaper EA is an automated Bitcoin trading Expert Advisor designed to provide flexible control over Buy and Sell execution, trade frequency, virtual expiration, break-even management, risk protection, news-event filtering, GMT synchronization and daily trading schedules.
Its configuration panel includes dedicated controls for Bitcoin execution, NFP protection, Prop Firm-style risk management, and individual trading windows from Monday through Sunday.
Understanding these settings can help traders configure The Bitcoin Reaper EA MT5 according to their account size, broker conditions, and preferred risk-management approach.
The Bitcoin Reaper EA MT5 Settings Panel
The Bitcoin Reaper MT5 Settings Panel
🔶 General & Backtest Settings
🔹 ShowInfoPanel: true — Enables the EA’s on-chart information panel so users can monitor relevant trading and system information.
🔹 update infopanel during testing: false — Disables continuous information-panel updates during backtesting.
🔹 Adjustment for Infopanel size: 1.0 — Sets the information-panel size adjustment factor to 1.0, representing the configured default scale.
🔹 Force Font Size (0=disabled): 0 — Sets the forced font size to 0, which disables the manual font-size override.
🔹 Backtest Speed: normal — Sets the backtesting speed to normal, using the standard simulation speed.
🔶 Main Trading Settings
🔹 custom bitcoin symbol name: — The custom Bitcoin symbol field is left blank, meaning no specific custom symbol name is entered in the displayed configuration.
🔹 Allow Buy Trades: true — Enables Buy trades, allowing the EA to open long Bitcoin positions when its trading conditions are satisfied.
🔹 Allow Sell Trades: true — Enables Sell trades, allowing the EA to open short Bitcoin positions when its trading conditions are satisfied.
🔹 enable aggressive SL management: false — Disables aggressive Stop Loss management, so the more aggressive SL-management mode is not active.
🔹 enable SL to Breakeven: true — Enables the EA to move a position’s Stop Loss toward the break-even level according to its internal trade-management logic.
🔹 Max Allowed Spread: 99999999.0 — Sets the maximum allowed spread to 99999999.0, an extremely high configured threshold that effectively places very little restriction on spread from this parameter alone.
🔹 setSL_TP_After_Entry: false — Disables setting Stop Loss and Take Profit after the position has been opened.
🔹 Use Virtual Expiration: true — Enables virtual expiration functionality for trades according to the EA’s internal expiration logic.
🔹 Base Magicnumber: 6500 — Sets the base Magic Number to 6500, allowing the EA to identify and manage its own trades.
🔹 Comment for trades: BITCOIN REAPER — Sets the trade comment to BITCOIN REAPER, making EA-generated positions easier to identify.
🔹 RemoveCommentSuffix: false — Keeps the configured comment suffix functionality enabled because this parameter is set to false, meaning suffix removal is disabled.
🔶 Trade Frequency Settings
🔹 TradeFrequency: Auto (based on balance and risk) — Allows the EA to automatically determine trading frequency based on the account’s balance and risk configuration.
🔶 GMT Settings
🔹 Broker_GMT_OFFSET_Summer: 3 — Sets the broker’s summer GMT offset to 3 hours.
🔹 Broker_GMT_OFFSET_Winter: 2 — Sets the broker’s winter GMT offset to 2 hours.
🔹 AutoGMT: true — Enables automatic GMT adjustment, allowing the EA to automatically account for the configured broker time offset.
🔶 News Filter Settings
🔹 UseMQL5Calendar: true — Enables the MQL5 economic calendar for detecting scheduled economic events.
🔶 NFP Filter
🔹 EnableNFP_Filter: true — Enables the Non-Farm Payroll (NFP) news filter.
🔹 NFP_CloseOpenTrades: true — Enables closing of open trades around NFP events according to the EA’s NFP protection logic.
🔹 NFP_ClosePendingOrders: true — Enables closing of pending orders around NFP events.
🔹 NFP_MinutesBefore: 50 — Sets the NFP protection period to 50 minutes before the scheduled event.
🔹 NFP_MinutesAfter: 30 — Sets the NFP protection period to 30 minutes after the scheduled event.
🔶 Interest Rate Filter
🔹 EnableIR_Filter: false — Disables the Interest Rate news filter in the current configuration.
🔹 IR_CloseOpenTrades: true — Enables closing of open trades around Interest Rate events if the Interest Rate filter is activated.
🔹 IR_ClosePendingOrders: true — Enables closing of pending orders around Interest Rate events if the Interest Rate filter is activated.
🔹 IR_MinutesBefore: 60 — Sets the configured Interest Rate protection period to 60 minutes before the event.
🔹 IR_MinutesAfter: 120 — Sets the configured Interest Rate protection period to 120 minutes after the event.
🔶 CPI Filter
🔹 EnableCPI_Filter: false — Disables the CPI news filter in the current configuration.
🔹 CPI_CloseOpenTrades: true — Enables closing of open trades around CPI events if the CPI filter is enabled.
🔹 CPI_ClosePendingOrders: true — Enables closing of pending orders around CPI events if the CPI filter is enabled.
🔹 CPI_MinutesBefore: 60 — Sets the configured CPI protection period to 60 minutes before the event.
🔹 CPI_MinutesAfter: 120 — Sets the configured CPI protection period to 120 minutes after the event.
🔶 Prop Firm Unique Trades Settings
🔹 Randomization (entries and exit) in pips: 0.0 — Sets entry and exit randomization to 0.0 pips, meaning no additional randomization is configured.
🔹 AdjustEntry: 0.0 — Sets the entry adjustment value to 0.0.
🔹 AdjustSL: 0.0 — Sets the Stop Loss adjustment value to 0.0.
🔹 AdjustTP: 0.0 — Sets the Take Profit adjustment value to 0.0.
🔹 AdjustTrailSL: 0.0 — Sets the trailing Stop Loss adjustment value to 0.0.
🔹 AdjustBE: 0.0 — Sets the break-even adjustment value to 0.0.
🔹 Allow trading only in 1 direction: false — Disables the one-direction-only trading restriction, allowing the EA to trade in both Buy and Sell directions when its strategy permits.
🔶 Risk Settings
🔹 Set Balance To Use manually: 0.0 — Sets the manually specified balance reference to 0.0, so no positive manual balance override is configured.
🔹 Max Allowed Total DD: 30.0 — Sets the maximum allowed total drawdown parameter to 30.0, providing a defined overall drawdown threshold in the EA’s risk-management framework.
🔹 Set max Daily Drawdown (Prop Firms): 0.0 — Sets the maximum daily drawdown for Prop Firm protection to 0.0, meaning no positive daily drawdown value is configured in this field.
🔹 Lotsize OnlyUp: true — Enables the OnlyUp lot-sizing function, allowing the lot-size reference to operate according to its upward-only logic.
🔹 Reset Highest Balance for OnlyUp: false — Disables resetting of the highest balance reference used by the OnlyUp mechanism.
🔹 CheckMargin: true — Enables margin checking to help ensure adequate available margin before executing trades.
🔹 Use Equity Instead of Balance: false — Disables equity-based calculations, meaning the EA uses its balance-based logic rather than replacing balance with equity.
🔶 Trading Hours Settings
🔹 UseTradingTimeZones: true — Enables the configured individual trading-time zones.
🔹 KillPending: true — Enables the EA to delete or cancel pending orders according to its trading-time management rules.
🔹 KillOpen: false — Disables automatic closing of open positions based solely on the configured trading-time zones.
🔹 Time_Source: Broker — Sets the trading-time reference to Broker time.
🔶 Monday Trading Time
🔹 Monday Start Time: 00:00 — Sets Monday trading to begin at 00:00 broker time.
🔹 Monday End Time: 23:59 — Sets Monday trading to end at 23:59 broker time.
🔶 Tuesday Trading Time
🔹 Tuesday Start Time: 00:00 — Sets Tuesday trading to begin at 00:00 broker time.
🔹 Tuesday End Time: 23:59 — Sets Tuesday trading to end at 23:59 broker time.
🔶 Wednesday Trading Time
🔹 Wednesday Start Time: 00:00 — Sets Wednesday trading to begin at 00:00 broker time.
🔹 Wednesday End Time: 23:59 — Sets Wednesday trading to end at 23:59 broker time.
🔶 Thursday Trading Time
🔹 Thursday Start Time: 00:00 — Sets Thursday trading to begin at 00:00 broker time.
🔹 Thursday End Time: 23:59 — Sets Thursday trading to end at 23:59 broker time.
🔶 Friday Trading Time
🔹 Friday Start Time: 00:00 — Sets Friday trading to begin at 00:00 broker time.
🔹 Friday End Time: 18:00 — Sets Friday trading to end at 18:00 broker time, creating an earlier Friday cutoff compared with Monday–Thursday.
🔶 Saturday Trading Time
🔹 Saturday Start Time: 00:00 — Sets the Saturday trading window to begin at 00:00 broker time.
🔹 Saturday End Time: 00:01 — Sets the Saturday trading window to end at 00:01 broker time.
🔶 Sunday Trading Time
🔹 Sunday Start Time: 00:00 — Sets the Sunday trading window to begin at 00:00 broker time.
🔹 Sunday End Time: 00:01 — Sets the Sunday trading window to end at 00:01 broker time.
🔢 Key Configuration Highlights
🔹 Two-Way Trading: Both Allow Buy Trades = true and Allow Sell Trades = true, allowing the EA to trade in both directions.
🔹 Break-Even Protection: enable SL to Breakeven = true, enabling break-even Stop Loss management.
🔹 Aggressive SL Management: enable aggressive SL management = false, so the aggressive Stop Loss mode is disabled.
🔹 Virtual Expiration: Use Virtual Expiration = true, enabling virtual expiration functionality.
🔹 Trade Frequency: The EA uses Auto (based on balance and risk) for TradeFrequency.
🔹 GMT Synchronization: AutoGMT = true, with Summer = 3 and Winter = 2 broker GMT offsets.
🔹 NFP Protection: The NFP filter is enabled with 50 minutes before and 30 minutes after protection, and both open trades and pending orders can be closed.
🔹 Interest Rate Protection: The Interest Rate filter is currently false, although its configured timing values are 60 minutes before and 120 minutes after.
🔹 CPI Protection: The CPI filter is currently false, with configured values of 60 minutes before and 120 minutes after.
🔹 Total Drawdown: Max Allowed Total DD = 30.0, providing a clearly defined overall drawdown parameter.
🔹 Prop Firm Daily Drawdown: Set max Daily Drawdown = 0.0, meaning no positive daily drawdown threshold is entered.
🔹 Trading-Time Zones: UseTradingTimeZones = true, with the time source set to Broker.
🔹 Weekend Schedule: Friday trading ends at 18:00, while Saturday and Sunday are configured only until 00:01.
🔢 Conclusion
The Bitcoin Reaper EA MT5 provides a comprehensive configuration system specifically structured around automated Bitcoin trading, combining flexible trade-direction controls with break-even management, virtual expiration, automatic trade-frequency calculation, GMT synchronization, news protection, Prop Firm risk parameters, and detailed weekly trading schedules.
The displayed configuration allows both Buy and Sell trades, enables break-even management, and uses Auto (based on balance and risk) for trade frequency. Its risk framework includes Max Allowed Total DD = 30.0, Lotsize OnlyUp = true, and CheckMargin = true. The EA also uses the MQL5 Calendar and has NFP protection enabled with 50 minutes before and 30 minutes after the event.
For traders evaluating this configuration, particular attention should be given to the 30.0 total drawdown setting, 0.0 daily Prop Firm drawdown value, 99999999.0 maximum spread, trading-time schedules, and news-filter settings. These parameters should be tested under the intended broker’s Bitcoin trading conditions before being used on a live account.
User Reviews
Only logged in customers who have purchased this product may leave a review.
What trading strategy does The Bitcoin Reaper use?
The Bitcoin Reaper uses an advanced breakout strategy, identifying and trading breakouts of key support and resistance levels on the H1 timeframe. This method captures momentum during high-volatility periods in the Bitcoin market.
Does The Bitcoin Reaper require regular optimization?
No, The Bitcoin Reaper features an auto-adaptation mechanism that adjusts entry and exit parameters based on future Bitcoin price changes. This eliminates the need for constant manual optimization.
What trading platform is The Bitcoin Reaper compatible with?
This EA is designed for MetaTrader 5 (MT5) and operates on the H1 timeframe, specifically for the BTCUSD (Bitcoin) pair.
Is The Bitcoin Reaper suitable for beginners?
Yes. It offers a super easy setup—you simply define your maximum drawdown level, and the EA will automatically select the best combination of strategies and manage risk settings accordingly.
What are the minimum requirements to run The Bitcoin Reaper?
✅ Minimum Deposit: $150
✅ Recommended Leverage: 1:100 or higher.
✅ Broker Account: Any broker that supports BTCUSD on MT5.
Is The Bitcoin Reaper compatible with prop firm accounts?
Absolutely. The EA is 100% prop firm compatible, offering built-in risk management and news filters that comply with most funded account rules.
How many strategies are included in The Bitcoin Reaper?
The EA integrates 10 diversified trading strategies that run from a single chart, helping spread risk and ensure stable long-term performance.
What kind of risk management is included?
The Bitcoin Reaper uses safe Stop Losses, Trailing Stop Loss, Trailing Take Profit, and a user-defined drawdown cap, allowing both aggressive and conservative risk profiles.
Does it have news filters to avoid high-volatility events?
Yes. It includes filters for NFP, CPI, and Interest Rate decisions, with options to close trades or cancel pending orders before high-impact news events.
What are the real trading and backtest results?
✅ Live results show +113% gain with only 3.31% drawdown in one account.
✅ Backtests show over $884,000 profit from a $5,000 deposit over 5 years with a maximum drawdown under 8%, proving long-term consistency.
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