The Gold Reaper EA MT5 v4.4 + Setfiles

The Gold Reaper MT5 – XAUUSD Breakout Expert Advisor

The Gold Reaper MT5 is a MetaTrader 5 Expert Advisor built around XAUUSD breakout trading, using multiple confirmation filters and several internal strategies to time entries around key support and resistance levels. A public MQL5 signal tracking a live real-money account shows 297.88% growth over 96 weeks with a 16.9% maximum drawdown, and a separate vendor-linked Myfxbook account reports closely matching results. The EA is developed by Wim Schrynemakers under Profalgo Limited; this store’s package delivers the v4.3 and v4.4 builds with ready-made risk-tier set files.

⚡ Key Highlights

• 📈 Public MQL5 signal shows 297.88% growth over 96 weeks with a 16.9% maximum drawdown on a real account.
• 📈 A separate vendor-linked Myfxbook account reports +295.01% gain and 16.78% drawdown, reinforcing the live track record.
• ⚙️ Trades XAUUSD breakouts around support and resistance using multiple confirmation filters and several internal strategies.
• 🛡️ Developer describes fixed stop-loss, take-profit, and trailing controls with no grid or martingale; an independent reviewer disputes this.
• 🖥️ Runs on MetaTrader 5 only, with a low-spread ECN broker preferred for accurate breakout execution.
• 📦 Includes low, medium, high-risk, and prop-firm set files for different risk tolerances.

📊 Performance Results

The strongest available proof is a public MQL5 signal (ID 2265877), named “Gold Reaper New V2 2” and run by Profalgo Limited on a live CapitalPointTrading-MT5-4 account at 1:500 leverage. Since opening on October 22, 2024, the account has run live for 96 weeks, turning an initial deposit of $1,602.85 into an equity balance of $6,034.40 — a documented growth of 297.88% across 848 trades, with a 72.1% win rate and a 2.32 profit factor. This account trades live and is publicly visible on the MQL5 signal page for independent verification.

A separate, vendor-linked Myfxbook account named “Gold Reaper V3.0” shows closely matching figures on a real IC Trading MT5 account: +295.01% gain, $4,519.35 profit on a $6,034.40 balance, a 2.33 profit factor across 851 trades, and an average trade length of 4 hours 20 minutes. Both trackers use earlier internal version labels than the current MQL5 v4.6 listing, and this store’s package delivers the v4.3 and v4.4 builds — treat these results as evidence of the strategy’s live behavior across the product line rather than proof for one specific build.

On the MQL5 signal, balance drawdown reached 16.89% while equity drawdown stayed at 7.18%, meaning the largest losses were realized through closed trades rather than large floating open exposure. The Myfxbook account shows a similar 16.78% drawdown. These figures reflect a live-tested configuration; more aggressive presets can push drawdown far higher, as shown in the seller’s own backtest evidence below. Past performance does not guarantee future results.

⚙️ How It Works

Strategy: The developer describes The Gold Reaper as a gold breakout system that trades key support and resistance levels using multiple confirmation algorithms and several internal strategies, spreading exposure across different market conditions.

Entry: Trades are placed around confirmed breakout levels using pending orders, with a configurable maximum spread limit and virtual expiration; where a broker does not allow SL/TP on pending orders, the EA can attach them after the order fills.

Position / Grid Management: The developer states the EA uses no grid, no martingale, and no averaging down, relying instead on fixed stop-loss and take-profit levels. An independent risk-review site classifies the EA differently, labeling it “martingale confirmed” with an unlimited theoretical loss, though its full technical analysis is paywalled. Given this unresolved disagreement, size positions conservatively regardless of which description proves accurate.

Exit: Exits use a fixed stop loss and take profit combined with a trailing stop and trailing take profit, as described in the official documentation.

Risk Control: Lot sizing can be tied to a maximum-allowed-total-drawdown percentage, with weighted sizing and a per-strategy risk cap. The reseller’s documented v4.4 configuration also includes an “OnlyUp” option that lets lot size grow with account gains but does not reduce it after losses — worth checking manually after a losing streak, since risk per trade would otherwise stay unchanged.

Best Conditions: Current official documentation targets XAUUSD on the H1 timeframe with a low-spread ECN broker; a VPS is recommended for uninterrupted uptime.

Caution: The seller’s own 2020-2024 aggressive backtest, configured for a 75% maximum allowed drawdown on a $10,000 account, recorded a 31.58% balance drawdown and a 54.28% equity drawdown. Risk scales sharply with more aggressive presets; the included low, medium, and high-risk set files let you choose a materially different risk profile before going live.

🧩 Technical Specifications

🎯 Who Should Use This EA

Ideal for:

• Traders who want a gold-focused breakout EA backed by a live, publicly checkable track record.
• Traders comfortable selecting between low, medium, high-risk, or prop-firm set files rather than a single fixed configuration.
• Traders who can run MT5 continuously through a VPS and monitor a live position over time.

Best results when:

• Used with a low-spread ECN broker offering XAUUSD, matching the developer’s stated preference.
• Started with the low or medium-risk set file and drawdown monitored directly rather than assumed to be capped.

Not ideal for: traders who need a resolved, independently audited answer on martingale-style exposure before committing capital, or who cannot tolerate double-digit account drawdowns.

📦 Download Package Included

This purchase includes the following files:

• The Gold Reaper MT5 v4.3.ex5
• The Gold Reaper MT5 v4.4.ex5
• propfirm__1.set
• gold reaper_lowrisk.set
• gold reaper_mediumrisk.set
• gold reaper_highrisk.set

Your download link will be sent to your email address automatically after purchase is confirmed.

❓ Frequently Asked Questions