Gold Reaper EA MT4 v1.8 add SetFiles – Original Version(1421+)

Introducing the Expert Gold Reaper EA MT4

Name: Gold Reaper
Version: v1.8 New Version
Developer by: Wim Schrynemakers
The Right Platform: Meta Trader 4 (MT4)
Our Telegram Team: Join now
Our Youtube Channel: Click here

What is The Gold Reaper MT4?

The Gold Reaper MT4 is a trading tool focused on trading Gold (XAUUSD). The EA incorporates numerous professional trading attributes, sophisticated risk management, and does not employ potentially hazardous features such as Martingale or Grid.

• Vendor website: See here

Key Characteristics

• Simple to configure and use: User-friendly even for novice traders, it automatically assesses the suitable trading frequency and lot size.
• Risk Management: The EA refrains from utilizing features like grids, Martingale, or any strategies that may pose risks.
• Proven Trading Results: The EA has shown outstanding results in trading Gold and on Myfxbook.
• Compatible with Prop Firms: The EA is particularly effective for tackling the challenges posed by Prop Firms.

The Gold Reaper EA Reviews

• The EA is designed to function across multiple timeframes simultaneously, providing the adaptability to modify trade frequency from cautious to highly aggressive.
• By employing various confirmation algorithms, the EA carefully pinpoints optimal entry positions while utilizing different internal strategies to spread trade risks.
• Each trade includes both stop-loss and take-profit provisions, further enhanced with trailing stop-loss and take-profit systems, thereby efficiently reducing risks and maximizing trade opportunities.
• Grounded in the esteemed strategy of trading breakouts at critical support and resistance levels, this system represents a well-established method for generating profits.
• Due to its inherent volatility, gold is an ideal candidate for this approach, enhancing the potential rewards through tactical trading actions.

Performance of Gold Reaper EA MT4

Gold Reaper EA MT4 Live Signal

Running on a real Pepperstone UK-Live account, The Gold Reaper EA has shown moderate but steady performance, generating a profit of $314.93 from an initial deposit of $2,009.82 over a period of 61 weeks. With a leverage of 1:500, the system achieved a total gain of +16%, reflecting its cautious yet systematic approach to gold trading.

Despite navigating market fluctuations over an extended time, The Gold Reaper has maintained a win rate of 70.3%. However, its maximum drawdown of 45.6% indicates a relatively higher level of risk exposure, making it more suited for traders comfortable with longer-term cycles and temporary equity dips.

Performance Highlights:

• Initial Deposit: $2,009.82

• Total Gain: +16%

• Maximum Drawdown: 45.6%

• Win Rate: 70.3%

• Live Result: See here

The Gold Reaper EA may appeal to traders looking for a fully automated system with a solid win rate and moderate returns, though risk management should be closely monitored due to the higher drawdown profile.

Gold Reaper EA MT4 MyfxBook

Running on a real RoboForex account using MetaTrader 5, Daily Master showcases exceptional performance powered by a strategic blend of multiple EAs, including Gold Reaper, GoldTrade Pro, and DayTrade Pro. Over time, the system has delivered a total gain of +169.59%, translating into a net profit of $443,193.36 from a deposit base of $1,634,596.06.

With a monthly return of 18.31% and a daily average gain of 0.56%, the account has maintained solid profitability while keeping risk in check, as indicated by a maximum drawdown of just 14.83%. These results are further validated by consistent equity growth and active withdrawal management, with $500,000 withdrawn to date.

 Performance Highlights:

• Broker: RoboForex (Real Account)

• Total Profit: $443,193.36

• Gain: +169.59%

• Max Drawdown: 14.83%

• Monthly Return: 18.31%

• Live Result MyfxBook : See here

Daily Master is a robust, diversified trading solution suitable for large accounts, offering reliable growth and risk-managed performance powered by a professional EA portfolio.

Gold Reaper EA MT4 Backtest

Running from 2020 to 2024 with high-frequency trading enabled, this advanced algorithmic strategy achieved outstanding profitability while staying well within the generous drawdown cap of 75%.

Starting with a base capital of $10,000, the system generated a staggering total net profit of $16,233,957.52, supported by a strong profit factor of 4.08. The relative drawdown was maintained at a moderate 31.58%, reflecting a healthy balance between risk and reward. Out of 3,382 total trades, an impressive 81.52% were profitable, showcasing the EA’s consistency in identifying high-probability setups.

Performance Summary:

•  Initial Capital: $10,000

•  Total Net Profit: $16,233,957.52

• Max Drawdown: 31.58%

• Win Rate: 81.52%

This backtest confirms the system’s ability to scale aggressively without sacrificing precision—making it ideal for experienced traders, prop firms, or high-capacity accounts seeking exponential growth potential with risk-conscious execution.

Running from 2020 to 2024 under strict drawdown conditions, this high-frequency automated trading strategy demonstrated solid performance across 3,375 trades with a maximum drawdown well below the allowed 30% threshold.

With an initial capital of $10,000 and automated trade frequency enabled, the system generated a total net profit of $196,397.79, while maintaining a relative drawdown of only 12.43%—highlighting its efficiency in managing risk under high trade volumes. The win rate of 81.48% underscores the strategy’s consistency, with a profit factor of 2.72 showing a favorable balance between gains and losses.

 Performance Highlights:

•  Initial Capital: $10,000

•  Total Net Profit: $196,397.79

•  Max Relative Drawdown: 12.43%

•  Win Rate: 81.48%

Backtested under prop firm constraints from 2020 to 2024 with a $100,000 virtual capital, this setup was tailored to meet strict drawdown rules—max total drawdown capped at 9% and daily drawdown at 4%—while delivering robust and consistent results.

The system generated a net profit of $164,183.53, with a relative drawdown of just 4.40%, comfortably staying within prop firm limits. Out of 2,366 total trades, a strong 85.08% were winners, backed by a profit factor of 2.28, emphasizing high-probability trade logic and disciplined risk control.

 Prop Firm-Ready Performance:

•  Initial Capital: $100,000

•  Net Profit: $164,183.53

•  Max Drawdown: 4.40%

•  Daily DD Limit: 4% (compliant)

•  Win Rate: 85.08%

Recommended Configuration for Gold Reaper EA MT4

What’s included in the package?

• Experts Advisor:
  • The Gold Reaper MT4 v1.8_fix.ex4
  • The Gold Reaper EA V1.5_1420+.ex4
• Presets Files:
  • Propfirm.set

🤗WISH YOU SUCCESSFUL TRADING🤗