The Gold Reaper MT4 v4.1 + SetFiles (Platform build 1471+)
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The Gold Reaper MT4: Advanced Breakout Trading for XAUUSD
The Gold Reaper MT4 is a professional Expert Advisor (EA) designed for automated trading on the XAUUSD pair using structured breakout analysis and multi-layer confirmation algorithms. Built for stability and adaptability, the advisor focuses on disciplined risk management with fixed stop-loss orders, tracking protection, and flexible position size adjustments based on account balance and allowable drop levels.
🔶 Vendor Website: View here
About the Author
This product is compiled by Wim Schrynemakers. This author has more than +12 years of experience working on MQL5 with many famous products such as The Gold Reaper MT4, The Gold Reaper MT5, Indicement MT4, Daytrade Pro Algo, Luna AI PRO MT4 and other products. Among them, The Gold Reaper MT4 is his best performing products.
Key Features of The Gold Reaper MT4
🔹 Multi-Strategy Confirmation Logic: Uses several algorithms together to improve entry precision and stability.
🔹 Adaptive Risk Management: Automatically adjusts lot sizing and trade frequency using drawdown limits.
🔹 Advanced Breakout Detection: Trades strong support and resistance breakouts with controlled execution logic.
🔹 Dynamic Trade Protection: Combines Stop Loss (SL), Take Profit (TP) and trailing systems for safer automation.
🔹 No Grid Or Martingale: Focuses on disciplined risk control without dangerous recovery strategies.
🔹 Prop Firm Friendly Design: Includes daily drawdown limits and execution filters for funded accounts.
Why Choose & Use The Gold Reaper MT4?
🔹 Stable Long-Term Trading Approach: Built on proven breakout methodology tested across extensive gold history.
🔹 Strong Capital Protection Framework: Strict stop loss and drawdown controls maintain disciplined risk exposure.
🔹 Fully Automated Trading Workflow: Handles entries, exits and risk management without manual intervention.
🔹 Flexible Trading Configuration: Traders can choose conservative or aggressive trade frequency profiles.
🔹 Marketplace-Ready Professional EA: Suitable for automated gold trading with controlled risk and recovery.
The Gold Reaper MT4 Review
The Gold Reaper MT4 Signal Results
The Gold Reaper MT4 achieved impressive profit performance when trading with XAUUSD (Gold). Trading results on real account for 72 weeks of trading.
✅ Initial Deposit: $1,600
✅ Growth Rate: +202%
✅ Win Rate (% of total): 71.9%
✅ Maximum Drawdown: 16.9%
The Gold Reaper MT4 Signal Results
The Gold Reaper MT4 MyFxBook Results
The Gold Reaper MT4 has been verified profitable by MyFxBook in the long term and has achieved impressive returns. The advisor shows good XAUUSD (Gold) trading potential and high profit rate.
✅ Total Gain: +169.59%
✅ Monthly Gain: +18.31%
✅ Maximum Drawdown: 14.83%
The Gold Reaper MT4 Myfxbook Results
What is the The Gold Reaper MT4 Trading Strategy?
🔹 Support and Resistance Breakout Trading: Captures strong price movements when key levels are broken.
🔹 Multi-Layer Entry Confirmation: Several internal filters confirm volatility and direction before trades open.
🔹 Dynamic Position Management: Uses adaptive trailing systems to extend profits during strong market moves.
🔹 Volatility-Based Execution Logic: Focuses on gold’s natural volatility to detect high-probability breakouts.
🔹 Adaptive Risk Allocation System: Trade size adjusts automatically based on account balance and drawdown.
Is The Gold Reaper MT4 Safe?
The Gold Reaper MT4 shows significant potential in providing stable and reliable profits, making it a reliable tool in the forex market. The advisor is highly appreciated by the MQL5 community in many aspects and has won the trust of users.
➡️ Fredlebasque (2025.05.12): “Which does not promise the moon but which is profitable in the long term. The strategies are well-researched and very effective.”
➡️ Klogarg (2024.10.23): “Really good EA, real trades match the backtest and the support from Wim is outstanding, he is constantly improving the EA.”
➡️ Joao Maria (2025.10.17): “I purchased this EA and I’m very satisfied with the results. It does exactly what it promises and has met my expectations. I highly recommend it.”
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Time frames | Any |
| Currency pairs | XAUUSD (Gold) |
| Minimum / Recommended leverage | Any |
| Minimum / Recommended deposit | $300 |
| Setup files | Available |
| Product type | NoDLL / Fix |
| 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. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
1. Experts:
✅ The Gold Reaper MT4 v4.1_fix.ex4
✅ The Gold Reaper MT4 v4.0_fix.ex4
✅ The Gold Reaper MT4 v3.3_fix.ex4
✅ The Gold Reaper MT4 v1.9_fix.ex4
2. SetFiles:
✅ URLs.txt
✅ Propfirm.set
✅ Gold Reaper_Low.set
✅ Gold Reaper_Medium.set
✅ Gold Reaper_High.set
Conclusion
In short, The Gold Reaper MT4 is an upgraded version of Goldtrade Pro, this new EA offers a powerful, adaptive and reliable breakout trading solution for XAUUSD traders. Designed to work seamlessly across multiple timeframes with customizable trading frequencies, this EA combines multi-strategy logic, dynamic risk management and precise trade execution for superior performance.
🔢 The Gold Reaper MT4 – Complete Settings & Input Parameters Guide
The Gold Reaper MT4 is an advanced automated trading Expert Advisor (EA) developed for MetaTrader 4 traders focusing on Gold and Forex markets.
The EA integrates multiple built-in trading strategies, NFP news protection, dynamic lot sizing, trailing stop management, drawdown control and prop firm risk settings.
With automated trade frequency optimization and customizable strategy modules, The Gold Reaper MT4 is designed to help traders manage risk while maximizing trading opportunities.
The Gold Reaper MT4 Settings
🔢 The Gold Reaper MT4 Settings Explained
Below are the details of the parameters in the advisor’s trading system settings table:
The Gold Reaper MT4 Settings Panel
🔶 General Interface & Panel Settings
🔹 UseVariableValues = true: Enables the EA to use predefined variable settings automatically.
🔹 AdjustLotsizeToVariableValues = true: Automatically adjusts lot size according to variable configurations.
🔹 ShowInfoPanel = true: Displays the EA information panel directly on the chart.
🔹 Adjustment for Infopanel size = 1.0: Sets the scaling size of the information panel to 1.0.
🔹 update infopanel during testing = false: Disables panel updates while running strategy tester backtests.
Trading Direction & Execution Settings
🔹 Allow Buy Trades = true: Enables the EA to open Buy positions.
🔹 Allow Sell Trades = true: Enables the EA to open Sell positions.
🔹 TradeFrequency = Auto (based on balance and risk): Trade frequency is automatically adjusted according to account balance and risk settings.
🔹 Maximum allowed spread = 500.0: Maximum spread allowed for opening trades is 500.0.
🔹 UseHL_TrailingSL = true: Enables High-Low based trailing stop functionality.
🔹 Friday stop hour (brokertime: close all trades) = 25: Defines Friday trade closure timing based on broker server time.
🔹 setSL_TP_After_Entry = false: Stop Loss and Take Profit are not modified after trade execution.
🔹 Use Virtual Expiration = true: Enables virtual expiration timing for pending trade logic.
🔹 Randomization (entries and exit) in pips = 0.0: No entry or exit randomization is applied.
🔹 Fake Breakout Filter = Medium: Applies a medium-strength fake breakout filtering mechanism.
🔹 BaseMagicnumber = 8000: Base Magic Number assigned to EA trades is 8000.
🔹 Comment for trades = The Gold Reaper: Trade comment attached to positions is "The Gold Reaper".
🔹 RemoveCommentSuffix = false: Keeps the EA comment suffix visible on trades.
🔶 NFP Filter Settings
🔹 EnableNFP_Filter = true: Enables Non-Farm Payroll news filtering.
🔹 AutoGMT = true: Automatically detects GMT offset.
🔹 GMT_OFFSET_Winter (AutoGMT=false or backtesting) = 2: Winter GMT offset is 2.
🔹 GMT_OFFSET_Summer (AutoGMT=false or backtesting) = 3: Summer GMT offset is 3.
🔹 NFP_CloseOpenTrades = true: Closes open trades during NFP events.
🔹 NFP_ClosePendingOrders = true: Removes pending orders during NFP releases.
🔹 NFP_MinutesBefore = 100: Stops trading 100 minutes before NFP news.
🔹 NFP_MinutesAfter = 60: Resumes trading 60 minutes after NFP news.
🔶 Prop Firm Unique Trade Settings
🔹 AdjustEntry = 0.0: No custom entry adjustment applied.
🔹 AdjustSL = 0.0: No Stop Loss adjustment applied.
🔹 AdjustTP = 0.0: No Take Profit adjustment applied.
🔹 AdjustTrailSL = 0.0: No trailing Stop Loss adjustment applied.
🔹 AdjustTrailTP = 0.0: No trailing Take Profit adjustment applied.
🔹 AdjustBreakEven = 0.0: No breakeven adjustment applied.
🔶 Lot Size & Risk Management Settings
🔹 manually set balance to use (if > 0) = 0.0: Manual balance override is disabled.
🔹 Lotsize Calculation method = Max Allowed Total Drawdown: Lot size is calculated based on maximum drawdown settings.
🔹 StartLots = 0.01: Initial trading lot size is 0.01.
🔹 Max Allowed TOTAL Drawdown = 30.0: Maximum total account drawdown is limited to 30.0%.
🔹 Weighted Lotsize = true: Enables weighted dynamic lot sizing.
🔹 Max Risk Per Strat = 1.0: Maximum risk per strategy is 1.0%.
🔹 Set Max DAILY Drawdown (Prop Firms) = 0.0: Daily drawdown limitation is disabled.
🔹 Use Equity Instead of Balance = false: Uses account balance instead of equity for calculations.
🔹 OnlyUp = true: Restricts trading direction to upward trend conditions only.
🔹 check for free margin before setting trades = true: EA verifies free margin before placing orders.
🔶 Manual Strategy Selection Settings
🔹 Run Strategy 1 (low risk) = true: Enables Strategy 1 with low-risk configuration.
🔹 Run Strategy 2 (low risk) = true: Enables Strategy 2 with low-risk configuration.
🔹 Run Strategy 3 (low risk) = true: Enables Strategy 3 with low-risk configuration.
🔹 Run Strategy 4 (med risk) = true: Enables Strategy 4 with medium-risk configuration.
🔹 Run Strategy 5 (med risk) = true: Enables Strategy 5 with medium-risk configuration.
🔹 Run Strategy 6 (med risk) = true: Enables Strategy 6 with medium-risk configuration.
🔹 Run Strategy 7 (med risk) = true: Enables Strategy 7 with medium-risk configuration.
🔹 Run Strategy 8 (high risk) = true: Enables Strategy 8 with high-risk configuration.
🔹 Run Strategy 9 (high risk) = true: Enables Strategy 9 with high-risk configuration.
🔢 Conclusion
The Gold Reaper MT4 is a feature-rich Expert Advisor designed for traders who require advanced automation, multi-strategy execution, risk management, and prop firm compatibility. With integrated NFP protection, dynamic lot sizing, trailing stop systems, and customizable risk levels, the EA provides flexibility for both conservative and aggressive trading styles in Gold and Forex markets.
🔢 FAQs
❓ What is The Gold Reaper MT4?
The Gold Reaper MT4 is an automated Forex and Gold trading Expert Advisor for MetaTrader 4.
❓ Does The Gold Reaper MT4 include NFP news protection?
Yes, the EA includes a built-in NFP filter with automatic trade and pending order management.
❓ Can I customize risk levels in The Gold Reaper MT4?
Yes, traders can adjust drawdown limits, weighted lot sizing, and strategy-specific risk settings.
❓ How many strategies are included in The Gold Reaper MT4?
The EA includes 9 built-in strategies ranging from low risk to high risk.
❓ Is The Gold Reaper MT4 suitable for prop firm trading?
Yes, the EA contains prop firm-friendly settings including maximum drawdown controls and risk management tools.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓1. What is the difference between this The Gold Reaper MT4 and GoldTrade Pro?
While both EAs share a similar breakout strategy, this new version offers multi-timeframe support, customizable trade frequency, and enhanced internal risk-spreading mechanisms. Despite using similar logic, correlation is low, and running both EAs together can boost growth while keeping drawdown stable or even lower.
❓2. How does the The Gold Reaper MT4 determine trade frequency and lot size?
The EA automatically adjusts trade frequency and lot size based on your account balance and the Max Allowed Drawdown you set. You can also manually configure frequency settings from very conservative to extremely volatile.
❓3. What strategy does the The Gold Reaper MT4 use for trading?
This EA is based on a breakout strategy that identifies key support and resistance levels. It uses multiple confirmation algorithms and strategies internally to reduce risk while capitalizing on Gold’s high volatility.
❓4. Does the The Gold Reaper MT4 use dangerous strategies like Martingale or Grid?
No. This EA is 100% safe with no Martingale, no Grid, and no high-risk trading methods. All trades are protected with a Stop Loss, Take Profit, and trailing mechanisms to manage risk and enhance gains.
❓5. What timeframe and symbol should I run the The Gold Reaper MT4 on?
You should run the EA on XAUUSD (Gold). The chart timeframe doesn’t matter, as the EA uses internal multi-timeframe logic. It adapts across different timeframes for optimal performance.
❓6. Is this The Gold Reaper MT4 suitable for prop firm challenges?
Yes. It includes specific features like daily drawdown limits, randomized trade execution, and non-aggressive risk strategies, making it highly suitable for prop firm accounts and funding challenges.
❓7. How does the The Gold Reaper MT4 handle fundamental events like NFP?
The EA features a built-in NFP (Non-Farm Payroll) filter that can automatically close open trades and delete pending orders before the news event, then resume trading after a user-defined pause.
❓8. What’s the minimum account balance required?
The EA requires a minimum account balance of $300. However, it can auto-scale its lot sizes to suit both smaller and larger accounts based on your max drawdown tolerance.
❓9. What backtesting results and stress tests are available?
The EA has been stress tested over the longest Gold historical data across multiple broker feeds. Backtests show stable equity curves, controlled drawdowns, and fast recovery, proving its robustness and reliability.
❓10. Can I use this The Gold Reaper MT4 with manual or custom settings?
Absolutely. You can manually configure settings such as trade frequency, lot size, drawdown limits, NFP behavior, and more. However, the default settings are optimized for most users and ensure safety and performance.
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Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00 -
Price range: $89.00 through $599.00
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