Gold Reaper EA – XAUUSD Automated Trading for MT4 with Live-Verified Results

Gold Reaper EA targets XAUUSD exclusively on MetaTrader 4, using support/resistance breakout logic to capture gold’s directional momentum. A verified live account recorded +57% equity growth from January to April 2024, alongside a separate client account showing +169.59% total gain — giving you two independent live data points before you spend a dollar. A 99% quality backtest across 2020–2024 adds a third layer of evidence, though the live results are what matter most here.

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Key Highlights

• ✅ Two independent live accounts verified — rare for EAs at this price point, not just backtests
• ✅ Live account A: +57% equity growth Jan–Apr 2024 on a real account, Myfxbook-tracked
• ✅ Client account B: +169.59% total gain, 14.83% max drawdown, verified MT5 real USD account
• ✅ Breakout entries on XAUUSD with support/resistance confirmation — exploits gold’s high-range sessions
• ✅ Prop firm ready — backtest configured with 9% total DD and 4% daily DD limits for FTMO-style rules
• ✅ 81%+ win rate across 2,366–3,375 trades in 99% quality backtests, Sharpe ratio above 3.0

Performance Results

The primary live signal ran January 23 – April 18, 2024 on a real account, reaching approximately +57% equity growth since launch. Equity accelerated sharply from mid-March onward, with the curve approaching all-time highs by mid-April. This is a short live window — 86 days — which means one full volatility cycle hasn’t been captured yet. Run a 90-day demo to confirm behavior under current gold market conditions before deploying real capital.

• View currently signal on myfxbook 

A second independent data point: a client account on MT5 (RoboForex, verified) recorded +169.59% total gain from approximately November 2023 to May 2024, with a 14.83% maximum drawdown and 18.31% average monthly return. This account is now disconnected, but the verified track record is intact. The promotional overlay on the chart (“New Highs for My Client”) is marketing context — the underlying Myfxbook metrics are what matter, and they are independently verified.

The 99% quality backtest (2020–2024, $10K starting capital) produced a profit factor of 2.72, 81.48% win rate across 3,375 trades, and maximum equity drawdown of 22.68%. A separate $100K backtest configuration showed max equity drawdown of just 5.72% with a Sharpe ratio of 3.56 — demonstrating that capital level significantly impacts drawdown exposure. The prop firm preset held max total DD under 9% and daily DD under 4% across the full test period.

Risk disclosure: The primary live account hit a -60% maximum drawdown at its worst point — caused by large stop-loss breakout trades hitting resistance against the trend simultaneously. This is the EA’s known structural risk: when multiple breakout entries fail in sequence, drawdown compounds fast. Manage this by sizing positions conservatively (no more than 1–2% risk per trade), activating the prop firm DD limits (9% total / 4% daily) even on personal accounts, and monitoring open trades during high-impact gold news events. On the $10K backtest the worst consecutive loss run was 16 trades. Capital above $10K significantly reduces equity drawdown exposure, as the $100K configuration shows. Realistic outcome: accounts running balanced position sizing have demonstrated recovery within weeks of drawdown spikes, as the April 2024 equity curve confirms — but a -60% event on an under-capitalised account is not recoverable without additional deposits.

Live signals verified Jan 2024 – May 2024. Both primary accounts under 12 months tracking. Run a 90-day demo to validate performance under current XAUUSD conditions before live deployment. Past performance does not guarantee future results.

How It Works

Strategy: Breakout trading on XAUUSD (gold), exploiting high-volatility sessions where price clears key support/resistance levels with directional momentum — not ranging conditions.

Entry: Triggered when price breaks a confirmed support or resistance level with sufficient momentum confirmation.

Exit: Primary exit at take-profit target; secondary exit via stop-loss placed beyond the broken level.

Risk Control: Configurable DD limits — prop firm preset caps total DD at 9% and daily DD at 4%; position sizing adjustable by capital level.

✅ Best conditions: Trending XAUUSD sessions • High-range London/New York overlap • Clear support/resistance structure

⚠️ Caution: Low-volatility consolidation phases • Whipsaw conditions around Fed/CPI news • Under-capitalised accounts below $5,000

Technical Specifications

This EA runs on MT4 only. Need an MT5-compatible gold EA? Browse MT5 EAs.

Who Should Use This EA

✅ Ideal for:

• Traders with $5,000+ capital who can absorb drawdown spikes without panic-closing positions
• XAUUSD-focused traders who understand gold’s volatility and want systematic breakout execution
• Prop firm challengers — the 9% total DD / 4% daily DD preset fits FTMO and similar evaluation rules without manual intervention. Browse more prop firm EAs
• Experienced EA users comfortable monitoring open positions during major gold news events

✅ Best results when:

• Deployed on an ECN broker with tight XAUUSD spreads and stable execution during London/NY overlap
• Running for 60+ days continuously — short windows miss full drawdown and recovery cycles

Download Package Included

• ✅ Experts:
  • The Gold Reaper MT4 v3.3_fix.ex4
• ✅ Presets:
  • Conservative (100K / prop firm rules: 9% total DD, 4% daily DD).set
  • Standard (10K auto trade frequency).set.
  • Propfirm.set

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Frequently Asked Questions