The Gold Reaper MT5 + SetFiles (Latest version) | Available
Select a variant to see availability.
The Gold Reaper MT5: Advanced Breakout Scalping System for XAUUSD
The Gold Reaper MT5 is an advanced Expert Advisor (EA) designed for automated gold trading with adaptive risk management and multi-strategy execution. The EA combines groundbreaking logic, confirmation indicators, and dynamic trade control to deliver consistent performance, minimize losses and offer strong recovery potential in volatile market conditions.
🔶 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 MT5, Bitcoin Scalp Pro MT5, Daytrade Pro Algo MT5, Advanced Scalper MT5 and others. Among them, The Gold Reaper MT5 is his best performing products.
Key Features of The Gold Reaper MT5
🔹 Multi-Timeframe Trading Engine: Runs strategies across multiple timeframes to improve signal confirmation.
🔹 Automatic Lot and Frequency Control: Adjusts trade size and frequency based on account balance.
🔹 Advanced SL & TP System: Uses dynamic Stop Loss (SL), Take Profit (TP) and trailing protection mechanisms.
🔹 Prop-Firm Friendly Risk Management: Includes maximum drawdown and daily loss protection settings.
🔹 Easy Setup Automated Trading: Designed for simple installation with intelligent default settings.
What is the The Gold Reaper MT5 Trading Strategy?
🔹 Breakout Methodology: Trades breakouts from key support and resistance levels during high volatility.
🔹 Multi-Strategy Execution: Uses multiple internal systems to diversify trades and reduce overall risk.
🔹 Adaptive Market Logic: Automatically adjusts trading activity according to volatility conditions.
🔹 Trailing Protection System: Maximizes profit potential while reducing exposure through dynamic exits.
🔹 Multi-Timeframe Analysis: Monitors different market structures to improve trading consistency.
🔹 Gold Volatility Optimization: Designed specifically for strong momentum movements in the gold market.
The Gold Reaper MT5 Review
The Gold Reaper MT5 MyFxBook
The real profit performance of The Gold Reaper MT5 has been thoroughly verified by Myfxbook. The fully automated advisor is designed to deliver consistent profits on the XAUUSD (Gold) pair using precision-based strategies.
✅ Total Gain: +169.59%
✅ Monthly Return: 18.31%
✅ Max Drawdown: 14.83%
The Gold Reaper MT5 Live Myfxbook
The Gold Reaper MT5 Signal Results
The Gold Reaper MT5 achieved impressive profit performance when trading with XAUUSD (Gold). Trading results on real account for 25 weeks of trading.
✅ Initial Deposit: $1,615.05
✅ Total Growth: +41%
✅ Maximum Drawdown: 16.8%
✅ Win Rate (% of total): 65.4%
The Gold Reaper MT5 Live Results
The Gold Reaper MT5 Backtest Results
🔶 The Gold Reaper MT5’s reverse trade test results from 2020 to 2024 show that this EA demonstrates stable long-term profitability and excellent trade management.
✅ Initial Deposit: $300
✅ Total Net Profit: $108,822.75
✅ Profit Trades (% Win): 81.64%
✅ Maximal Drawdown: 4.52%
The Gold Reaper MT5 Backtest Results
🔶 The Gold Reaper MT5’s test performance using Prop Firm Settings shows impressive resilience over a 4-year period (2020-2024).
✅ Initial Deposit: $100,000
✅ Total Net Profit: $164,183.53
✅ Win Rate (% of total): 86.08%
✅ Maximal Drawdown: 3.50%
The Gold Reaper MT5 Backtest Trading Results
Why Use The Gold Reaper MT5?
🔹 Stable Trading Performance: Built for consistent growth with controlled equity fluctuations over time.
🔹 Extensive Stress Testing: Verified across historical gold data and multiple broker price feeds.
🔹 Prop Firm Friendly: Supports disciplined drawdown management suitable for funded trading accounts.
🔹 Easy Configuration Setup: Simple installation with automatic optimization for trading parameters.
🔹 Flexible Trading Modes: Supports conservative and aggressive trading styles with adaptive settings.
🔹 Reliable Recovery Capability: Engineered for resilience with fast recovery after market drawdowns.
Is The Gold Reaper MT5 safe?
The Gold Reaper MT5 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.
➡️ Daichi Matsuki (2025.04.01) : “My live results are in perfect agreement with the backtests. The developer is trustworthy. This EA is by far the best. You will understand how amazing this EA is if you continue to use it for a long time.”
➡️ Sharif Hamwi (2024.12.16): “The Gold Reaper Has been a great ea since day one and the author only keeps improving it to make it even better and better.”
➡️ Gravity Tool (2024.11.09): “I have had Gold Reaper in my portfolio for a few months now. It works as expected and the real results match the backtests, which I think is very important. In short: great EA, great growth strategy, so I highly recommend it to everyone.”
Recommended settings
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 | 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. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
1. Experts:
✅ Setting (If Any).docx
✅ Installation Guide.docx
✅ The Gold Reaper MT5 v4.3 Unlimited
2. SetFiles:
✅ propfirm__1.set
✅ gold reaper_lowrisk.set
✅ gold reaper_mediumrisk.set
✅ gold reaper_highrisk.set
Conclusion
In short, The Gold Reaper MT5 is a cutting-edge expert advisor specifically optimized for trading XAUUSD (Gold) on MetaTrader 5, combining precision breakout strategies, adaptive risk management, and multi-timeframe analysis to deliver consistent, low-risk profitability. Designed by seasoned developer Wim Schrynemakers, this EA is engineered for serious traders and prop firm challengers alike, with features that ensure both performance and compliance.
The Gold Reaper MT5 – Complete Settings Guide & Explanation
The Gold Reaper MT5 is a powerful automated trading Expert Advisor developed for the MetaTrader 5 platform, specifically optimized for Gold trading and advanced risk-controlled portfolio management.
The EA combines multiple trading strategies, drawdown protection, smart lot size calculation, fake breakout filtering, NFP protection and Prop Firm optimization features.
With flexible money management and advanced trade handling systems, The Gold Reaper MT5 is designed for traders seeking professional automated Gold trading performance.
The Gold Reaper MT5 Settings
Installation Panel Parameters
Below are the details of the parameters in the advisor’s trading system settings table:
The Gold Reaper MT5 Setting Panel
The Gold Reaper MT5 EA Setting Panel
Lot Size Settings
🔹 manually set balance to use (if > 0) = 0.0 — Uses the real account balance because manual balance override is disabled.
🔹 Lotsize calculation method = Max Allowed Total Drawdown — Calculates lot size based on the maximum allowed total drawdown model.
🔹 StartLots = 0.01 — Initial starting lot size set to 0.01.
🔹 Max Allowed TOTAL Drawdown = 30.0 — Maximum total account drawdown allowed is 30.0%.
🔹 Weighted Lotsize = true — Enables weighted lot size adjustments based on risk exposure.
🔹 Max Risk Per Strat = 1.0 — Maximum risk allowed per trading strategy is 1.0%.
🔹 Set Max DAILY Drawdown (Prop Firms) = 0.0 — Daily drawdown protection is disabled.
🔹 OnlyUp = true — Allows lot sizes to increase only upward and prevents automatic lot reduction.
🔹 Reset Highest Balance for OnlyUp = false — Disables automatic reset of highest balance tracking.
🔹 CheckMargin = true — Verifies available margin before placing trades.
🔹 Use Equity Instead of Balance = false — Uses account balance instead of equity for calculations.
Manual Strategy Selection Settings
🔹 !! DO NOT RUN MANUAL STRATEGIES WHILE USING ‘MAX ALLOWED TOTAL DD’ OPTION !! — Warning message advising traders not to combine manual strategies with total drawdown mode.
🔹 Run Strategy 1 (low risk) = true — Enables Strategy 1 low-risk trading module.
🔹 Run Strategy 2 (low risk) = true — Enables Strategy 2 low-risk trading module.
🔹 Run Strategy 3 (low risk) = true — Enables Strategy 3 low-risk trading module.
🔹 Run Strategy 4 (med risk) = true — Enables Strategy 4 medium-risk trading module.
🔹 Run Strategy 5 (med risk) = true — Enables Strategy 5 medium-risk trading module.
🔹 Run Strategy 6 (med risk) = true — Enables Strategy 6 medium-risk trading module.
🔹 Run Strategy 7 (med risk) = true — Enables Strategy 7 medium-risk trading module.
🔹 Run Strategy 8 (high risk) = true — Enables Strategy 8 high-risk trading module.
🔹 Run Strategy 9 (high risk) = true — Enables Strategy 9 high-risk trading module.
Variable & Display Settings
🔹 UseVariableValues = true — Enables dynamic variable-based calculations and adjustments.
🔹 AdjustLotsizeToVariableValues = true — Automatically adjusts lot sizes according to variable values.
🔹 ShowInfoPanel = true — Displays the EA information panel on the chart.
🔹 update infopanel during testing = false — Disables info panel updates during backtesting.
🔹 Adjustment for Infopanel size = 1.0 — Uses default scaling size for the information panel.
🔹 Force Font Size (0=disabled) = 0 — Disables forced font sizing for the information panel.
Backtest Speed Settings
🔹 Backtest Speed = normal — Uses normal processing speed during strategy testing.
Trading Settings
🔹 Allow Buy Trades = true — Allows BUY positions to be opened.
🔹 Allow Sell Trades = true — Allows SELL positions to be opened.
🔹 TradeFrequency = Auto (based on balance and risk) — Automatically adjusts trade frequency according to balance and risk.
🔹 Max Allowed Spread = 500.0 — Maximum spread allowed before opening trades.
🔹 UseHL_TrailingSL = true — Enables High/Low based trailing stop loss management.
🔹 Friday stop hour (brokertime; close all trades+pending) = 25 — Stops trading and closes trades after broker hour 25 on Friday.
🔹 delete pending orders = true — Automatically deletes pending orders when required.
🔹 close open trades = true — Automatically closes open positions during shutdown conditions.
🔹 setSL_TP_After_Entry = false — Disables delayed stop loss and take profit assignment after trade execution.
🔹 Use Virtual Expiration = true — Enables virtual expiration handling for pending orders.
🔹 Randomization (entries and exit) in pips = 0.0 — No entry or exit randomization applied.
🔹 Fake Breakout Filter = Medium — Uses Medium sensitivity fake breakout filtering.
🔹 Base Magicnumber = 8000 — Base magic number used for trade identification.
🔹 Comment for trades = The Gold Reaper — Adds “The Gold Reaper” comment to all trades.
🔹 RemoveCommentSuffix = false — Keeps additional trade comment suffixes enabled.
NFP Filter Settings
🔹 EnableNFP_Filter = true — Enables Non-Farm Payroll news filtering.
🔹 UseMQL5Calendar = true — Uses the MQL5 economic calendar for news events.
🔹 AutoGMT = true — Automatically calculates GMT broker offsets.
🔹 GMT_OFFSET_Winter (AutoGMT=false or backtesting) = 2 — Winter GMT broker offset set to +2.
🔹 GMT_OFFSET_Summer (AutoGMT=false or backtesting) = 3 — Summer GMT broker offset set to +3.
🔹 NFP_CloseOpenTrades = true — Closes all open trades before NFP events.
🔹 NFP_ClosePendingOrders = true — Deletes pending orders before NFP releases.
🔹 NFP_MinutesBefore = 100 — Blocks trading 100 minutes before NFP news.
🔹 NFP_MinutesAfter = 60 — Blocks trading 60 minutes after NFP news.
Prop Firm Unique Trade Settings
🔹 AdjustEntry = 0.0 — No additional 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.
Conclusion
The Gold Reaper MT5 is a highly advanced Gold trading Expert Advisor (EA) that integrates multi-strategy execution, smart lot size calculation, NFP filtering, fake breakout detection, and drawdown-based risk management into one professional MT5 solution.
Its prop firm compatibility, flexible strategy selection, and advanced automation controls make it suitable for traders looking for powerful and risk-aware Gold trading automation.
FAQs
❓ What is The Gold Reaper MT5?
The Gold Reaper MT5 is an automated Gold trading Expert Advisor for MetaTrader 5 with advanced risk management and multi-strategy trading capabilities.
❓ How many trading strategies are included in The Gold Reaper MT5?
The EA includes nine trading strategies ranging from low-risk to high-risk configurations.
❓ Does The Gold Reaper MT5 support prop firm trading?
Yes, the EA includes prop firm protection settings such as drawdown controls and risk-based lot sizing.
❓ What is the purpose of the NFP filter in The Gold Reaper MT5?
The NFP filter helps avoid volatile market conditions during Non-Farm Payroll news events by blocking trading and closing trades.
❓ Can The Gold Reaper MT5 automatically calculate lot sizes?
Yes, the EA supports automatic lot size calculation based on maximum allowed total drawdown and risk exposure.
User Reviews
Only logged in customers who have purchased this product may leave a review.
1. What market does The Gold Reaper MT5 trade on?
The Gold Reaper MT5 is specifically designed for trading XAUUSD (Gold vs US Dollar) on the MetaTrader 5 platform. It uses a multi-timeframe breakout scalping strategy to capture profitable opportunities in gold’s volatile movements.
2. Is The Gold Reaper MT5 suitable for beginners?
Yes. The EA is designed for both beginners and experienced traders. It features auto-adaptive trade management, pre-configured settings, and an easy setup — just attach it to a gold chart, choose your risk level, and you’re good to go.
3. What are the minimum requirements to run this EA?
Platform: MetaTrader 5
Currency Pair: XAUUSD
Minimum Deposit: $300
Recommended VPS: MyfxVPS.com (Blue or Golden VPS)
Leverage: Any
4. Does The Gold Reaper MT5 use dangerous strategies like Martingale or Grid?
No. The Gold Reaper MT5 does not use Martingale or Grid. It follows a conservative, risk-managed approach using Stop Loss, Take Profit, Trailing SL/TP, and smart trade frequency controls.
5. Is it compatible with proprietary trading firm rules?
Yes. The EA is prop-firm ready, with features such as Max Daily Drawdown Control, Randomized Trade Entries, and News Filters, ensuring compatibility with firms like FTMO, MyForexFunds, and others.
6. How does the EA handle high-impact news events like NFP?
The Gold Reaper MT5 includes a built-in NFP filter that automatically manages trades during high-volatility news releases. You can customize how early it pauses trades and when it resumes after the event.
7. Can I adjust the trading frequency and risk settings?
Absolutely. You can manually select between ultra-conservative to aggressive trading styles, or allow the EA to auto-adjust based on your account balance and risk tolerance.
8. What kind of performance can I expect?
Based on live Myfxbook results and backtests from 2020–2024, the EA has shown:
Up to +169% total gain,
Monthly returns over 18%,
And drawdowns as low as 3.5% depending on the risk profile.
-
Price range: $80.00 through $599.00 -
Price range: $75.00 through $599.00 -
Price range: $75.00 through $599.00 -
Price range: $89.00 through $599.00
-
4 -
3 -
7Original price was: $1,199.00.$229.00Current price is: $229.00. -
3Price range: $89.00 through $599.00
There are no reviews yet.