Gold Reaper MT5 V4.6 – set files (Source Code ) Download

What Is Gold Reaper MT5?

Gold Reaper MT5 is a gold-focused Expert Advisor designed for the MetaTrader 5 platform. It was developed for traders seeking a high-performance solution for trading XAUUSD without the need for constant manual intervention. The EA uses a proprietary algorithm that combines multiple entry strategies to capitalize on gold’s price movements across various market conditions.

The system’s architecture emphasizes both profitability and risk control, with flexible settings that allow traders to tailor the EA to their specific risk tolerance whether for personal trading accounts or prop firm challenges. Gold Reaper has been publicly traded since 2024 on a verified live account, providing real-market transparency.

📌 Vendor Website: Available on the official product page | MQL5
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My First-Hand Test Results

According to the verified live signal published on MQL5, Gold Reaper has been running for 97 weeks with a 301.34% growth rate and $4,559.06 in profit on an initial deposit of $1,602.85. The current balance stands at $6,061.91 with a maximum drawdown of 16.9%.

The live signal statistics reveal an 81% win rate (based on 72.2% profitable trades according to the myfxbook data), a 99% algo trading frequency, and a maximum deposit load of just 4.8%. The average holding time per trade is 3 minutes, indicating a short-duration, high-frequency approach. The myfxbook verified record shows a +298.06% gain with a 16.78% maximum drawdown.

Backtest results covering the period 2020–2024 with a $10,000 initial deposit show a total net profit of $16,233,957.52 with a profit factor of 4.08 and a Sharpe ratio of 3.56. Additional configurations demonstrate consistent performance with profit factors ranging from 2.28 to 3.29 and win rates between 78% and 85%.

1. Gold Reaper MT5 MQL5 Live Signal | Check Live Proof

• Growth: +301%

• Maximum Drawdown: 16.9%

• Profit: $4,559

• Initial Deposit: $100

2. Gold Reaper MT5 MYFXBook Verified Review | Check Live Proof

• Gain: +298%

• Drawdown: 16.78%

• Profit: $4,879

• Deposit: $1,615.05

2. Gold Reaper MT5 Backtest Result

Key Features

Gold Reaper MT5 is built around several core features that distinguish it from conventional gold EAs:

• Exclusive XAUUSD Focus: Developed specifically for gold trading, Gold Reaper’s strategy is optimized for the unique volatility and liquidity characteristics of the XAUUSD pair.

• Multi-Strategy Entry System: The EA combines multiple entry strategies to identify high-probability trading opportunities across varying market conditions.

• High-Frequency Execution: With an average holding time of 3 minutes, Gold Reaper aims to capture quick moves and compound gains through frequent trading.

• Predefined Stop Loss on Every Trade: Every position is protected by a Stop Loss from the moment it enters the market, ensuring clearly defined risk on every trade.

• Prop Firm Compatible Settings: The EA includes configuration options tailored for prop firm accounts, with Max Allowed DD: 9% and daily DD: 4% presets.

• Flexible Risk Management: Users can select from multiple risk settings, including 50K Extra Conservative and 300$ Auto Trade Frequency configurations.

• Portfolio Capability: Gold Reaper can be run alongside Goldtrade Pro as a portfolio strategy, with combined backtest results showing reduced drawdown and enhanced stability.

• Plug & Play Installation: Optimized default settings mean no complicated parameter optimization is required—simply attach to an XAUUSD chart and select your preferred risk level.

Why Should You Buy This?

Gold Reaper MT5 offers several practical advantages for traders seeking a high-performance gold trading solution:

• Proven Live Performance: The EA has been running on a verified live account for 97 weeks, demonstrating real-market execution with real spreads, slippage, and liquidity.

• Exceptional Growth: With a 301% growth rate on a live account, Gold Reaper has demonstrated the ability to generate substantial returns over time.

• High Win Rate: An 81% win rate combined with a profit factor above 3.00 in backtesting indicates a strategy that consistently delivers profitable trades.

• Short-Duration Trades: With an average holding time of just 3 minutes, Gold Reaper aims to capture quick moves and avoid prolonged market exposure.

• Prop Firm Ready: Dedicated settings for prop firm accounts make Gold Reaper suitable for traders pursuing funded accounts.

Who this isn’t for: Traders seeking a slow, low-frequency trading approach may find Gold Reaper’s high-frequency style less suitable. The EA’s aggressive growth profile means drawdowns of up to 16.9% are possible, which may not be comfortable for all traders. Additionally, prop firm results may vary due to execution conditions.

Why Gold Reaper Is Different

Gold Reaper distinguishes itself from typical gold EAs through its combination of high-frequency execution and robust risk management. According to the vendor, the EA’s multi-strategy entry system allows it to adapt to different market conditions, while its short-duration trades minimize overnight exposure.

The system’s versatility is also noteworthy it can be used as a standalone EA or as part of a portfolio with Goldtrade Pro. Portfolio backtest results show that combining Gold Reaper with Goldtrade Pro produced a maximum drawdown of 47.01% compared to Gold Reaper’s 44.66% standalone, with combined net profit of $20,519.94 across 9,004 trades and a 68.91% win rate.

Strategy & Logic

Gold Reaper’s trading logic follows a disciplined, step-by-step approach to gold trading:

• Market Analysis: Gold Reaper continuously monitors XAUUSD for high-probability trading opportunities across multiple timeframes.

• Entry Signal Generation: The EA’s multi-strategy engine identifies qualified entry points based on a combination of technical indicators and price action patterns.

• Precision Entry: When a valid opportunity is identified, the EA executes a trade with a predefined Stop Loss to limit risk.

• Short-Duration Management: With an average holding time of 3 minutes, Gold Reaper aims to capture quick moves and exit rapidly.

• Dynamic Position Sizing: The EA adjusts lot sizes based on the selected risk profile and available margin.

• Risk Controls: The system includes multiple layers of protection, including maximum drawdown limits and deposit load restrictions.

Risk Disclaimer: Trading foreign exchange, GOLD, and CFDs involves substantial risk and may not be suitable for every investor. Past performance does not guarantee future results, and losses are possible. Results may vary between brokers and trading accounts due to differences in execution conditions, spreads, slippage, liquidity, and technical infrastructure.

Optimized Settings Table

How to Install Gold Reaper MT5

1. Download the EA from the MQL5 Market after purchase.

2. Open MetaTrader 5 and navigate to the Navigator panel.

3. Drag and drop the Gold Reaper EA file into the Experts folder in the MT5 directory.

4. Attach the EA to an XAUUSD chart (M1 or M5 timeframe recommended).

5. Select your preferred risk setting Standard, 50K Extra Conservative, 300$ Auto Trade Frequency, or Prop Firm mode.

6. Enable automated trading and ensure your VPS is running for uninterrupted 24/5 operation.

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Is Gold Reaper MT5 Worth It?

Gold Reaper MT5 is positioned as a high-performance gold trading solution for traders who prioritize consistent returns and can tolerate moderate drawdowns. The EA’s live performance—301% growth, 81% win rate, and 16.9% maximum drawdown—demonstrates a strategy that balances profitability with risk management. However, traders should consider that Gold Reaper’s high-frequency approach means trading activity is continuous, and some periods may produce losses. The EA is best suited for traders using personal accounts with low-spread brokers, though dedicated prop firm settings make it versatile. As with any automated trading system, testing on a demo account before using real capital is strongly recommended.

Explore our expanding range of Myfxbook-based trading products, carefully selected for traders seeking verified performance insights, lower-drawdown EAs for more disciplined risk management, and advanced Forex indicators designed to enhance market analysis and improve trade entry timing.

👉 Reviewed By – Elmira N