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the gold reaper ea

The Gold Reaper V3.3+ Set MT4 EA No DLL

(1 customer review)

Pair:- XAUUSD
Timeframe:- Any
Minimum Deposit:- $300
No Martingale

Signal Link: https://www.mql5.com/en/signals/2195619?source=Unknown

Original price was: $699.00.Current price is: $20.00.

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Description

⚱️ Introducing Gold Reaper EA – Your Ultimate Gold Trading Companion

Gold Reaper EA is an advanced, fully automated trading robot built for XAUUSD (Gold) trading on MetaTrader 4 (MT4). Leveraging the proven success of its predecessor GoldTrade Pro, this EA is engineered for traders who seek consistent performance, low drawdown, and maximum profitability—all with zero manual intervention.

Whether you’re trading your own account or participating in prop firm challenges like FTMO or MyForexFunds, Gold Reaper EA has your back with professional-grade features and tested strategies.

Product Link: https://www.mql5.com/en/market/product/111467
Signal/Reviews: https://www.mql5.com/en/signals/2195619

🌟 Why Trade Gold (XAUUSD)?

Gold is one of the most volatile and liquid assets in the forex market, offering ideal conditions for breakout strategies. Gold Reaper EA capitalizes on this volatility by identifying key levels and executing trades with precision, making it a top choice for both beginners and seasoned traders.

💡 Key Features of Gold Reaper EA

🤖 Fully Automated Gold Trading

Gold Reaper EA handles everything from signal analysis to trade execution. No manual input needed—perfect for traders who want hands-free profits.

💼 Prop Firm Compatible

Tested and ready for prop firm accounts like FTMO, MyForexFunds, and more. Includes dynamic risk management to meet drawdown rules and profit targets.

🔐 No Martingale, No Grid

Gold Reaper EA avoids risky strategies like martingale and grid. Instead, it uses fixed stop-loss levels and dynamic lot sizing, offering a safe, scalable trading solution.

📊 Multi-Timeframe Breakout Strategy

The EA runs across multiple timeframes to maximize trade opportunities, leveraging breakout signals from key price levels.

📉 Built-in News Filter

Includes automated NFP and economic news filters to avoid high-volatility periods, protecting your capital from unnecessary risk.

⚙️ Adaptive Lot Sizing & Drawdown Control

Gold Reaper EA auto-adjusts lot size and trade frequency based on your account balance and drawdown limits, ensuring optimized performance tailored to your risk tolerance.

📈 Backtesting & Performance

Gold Reaper EA has been rigorously tested using long-term historical data from major brokers. Results show:

  • ✅ Consistent monthly growth

  • ✅ Controlled drawdowns (<10%)

  • ✅ Fast recovery after equity dips

  • ✅ Smooth equity curve over multiple market cycles

⚠️ As with any trading strategy, past performance does not guarantee future results. Always use proper risk management.

🛠️ System Requirements & Setup

  • Platform: MetaTrader 4 (MT4)

  • Symbol: XAUUSD (Gold)

  • Timeframe: Multi-timeframe (runs simultaneously)

  • Minimum Deposit: $300

  • VPS Recommended: Yes – for 24/5 uptime

  • Broker Type: ECN, Raw Spread brokers for best execution

  • Supports: FTMO, MFF, TFT & similar prop firms

📌 Why Choose Gold Reaper EA?

  • 🟢 Designed for high-volatility gold markets

  • 🔒 Built-in risk management for prop firms

  • ⚡ Uses a tested breakout strategy (no guesswork)

  • 💻 Easy to set up and run on most MT4 platforms

  • 📉 Includes news filter & time-based filters

  • 🧠 Smart enough to pause during dangerous conditions

Additional Resources:

Parameters:

  • ShowInfoPanel -> display the information panel on the chart
  • Adjustment for Infopanel size -> in case of 4K display, set value to “2”
  • update infopanel during testing -> disabled for faster backtesting
  • Trade Frequency: allows you to use different setups from the EA, going from very conservative trading frequency to extreme trading frequency.  By default, it is set to “auto”, which means it will use the account balance, and the Max Allowed Drawdown to determine the trade frequency.  When using “StartLots”, you MUST set the trade frequency also manually!
  • Maximum allowed spread: maximum spread for pending orders to be allowed
  • Friday Stop Hour -> if you don’t want trades to be hold over the weekend, set a value between 0 and 23. (25 means “disabled)
  • SetSL_TP_After_Entry -> enable only if your broker doesn’t allow pending orders with SL and TP
  • Use Virtual Expiration -> enable only if your broker doesn’t allow pending order with expiration date
  • Randomization -> this will randomize the entries, exits and TrailingSL values a bit, so that multiple users on the same broker, will have a bit different trades.  Also good for prop firms.  Good value is “50”
  • BaseMagicNumber -> the base magicnumber that will be used for all strategies
  • Comment for trades -> the comment to be used for the trades
  • Lotsize Calculation Method -> here you determine how the lotsize should be calculated: Fixed lotsize (Use StartLots), Or use the “Max Allowed Total Drawdown
  • Startlots -> set the value for fixed lotsize, when that option is chosen.  This parameter will be used as “minimum lotsize” when using any of the other 2 options for lotsize calculation
  • Max Allowed Drawdown -> The prefered maximum allowed total drawdown (in %).  The EA will then determine lotsize based on the historical max DD of the EA
  • Set Max Daily Drawdown -> Here you can set a maximum allowed daily drawdown (in %).  If it is reached, the EA would close all trades and pending orders, and wait for the next day.  This is usefull for prop firms
  • Use Equity instead of Balance -> use Equity of the account to calculate all lotsize values
  • OnlyUp -> this will prevent lotsize to decrease after losses (more aggressive but faster recovery after losses)
  • EnableNFP_Filter -> turn the NFP filter on or off
  • AutoGMT -> let the EA calculate the correct GMT offset for your broker, so that the time of NFP will be correct
  • GMT_OFFSET_Winter -> for setting the GMT Offset manually in the wintertime (when AutoGMT is off, or during backtesting!)
  • GMT_OFFSET_Summer -> for setting the GMT Offset manually in the summertime (when AutoGMT is off, or during backtesting!)
  • NFP_CloseOpenTrades -> force the EA to close all open trades when NFP starts (X minutes before NFP)
  • NFP_ClosePendingOrders -> force the EA to delete all pending orders when NFP starts (X minutes before NFP)
  • NFP_MinutesBefore -> how many minutes before the NFP event, to close trades and pending orders
  • NFP_MinutesAfter -> how many minutes after the NFP event, before the EA resumes trading again

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1 review for The Gold Reaper V3.3+ Set MT4 EA No DLL

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  1. William –

    It is quite good

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