The Gold Reaper MT4 v2.1 + Presets (Platform build 1430+)

What is The Gold Reaper MT4?

The Gold Reaper MT4 is an automated trading system designed to trade the Gold market (XAUUSD). The Expert Advisor (EA) is based on a proven strategy for trading breakouts of key support and resistance levels. This EA uses multiple confirmation algorithms to find the best entry price and runs multiple internal strategies to spread the risk of trades.

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Why choose The Gold Reaper MT4?

The Gold Reaper MT4 is a sophisticated trading system designed to capitalize on the volatility of the gold market. Here are its key benefits:

1. Robust Strategy:

• Proven Methodology: Built on the successful Goldtrade Pro, the EA utilizes a well-established strategy of trading breakouts of significant support and resistance levels.
• Multiple Confirmations: Employs multiple confirmation algorithms to identify optimal entry points, enhancing accuracy.
• Risk Management: Incorporates Stop-loss (SL), Take-profit (TP), trailing stop-loss, and trailing take-profit orders to mitigate risk and maximize potential gains.

2. Adaptability and Flexibility:

• Timeframe Versatility: Capable of operating on multiple timeframes simultaneously, allowing for diverse trading approaches.
• Customizable Trade Frequency: Offers adjustable trade frequency settings, ranging from conservative to aggressive, to suit individual risk tolerances.
• Automatic Lot Size Adjustment: Dynamically adjusts lot size based on account balance and maximum allowed drawdown, optimizing risk exposure.

3. Performance and Reliability:

• Stable Growth: Demonstrates a consistent growth curve with controlled drawdowns and swift recoveries, as evidenced by backtesting results.
• Rigorous Testing: Extensively stress-tested across various brokers and price feeds, ensuring robust performance under diverse market conditions.
• Low Correlation: Exhibits low correlation with other trading systems, making it suitable for diversification and portfolio enhancement.

4. User-Friendliness and Ease of Use:

• Simple Setup: Requires minimal configuration, with automatic lot size and trade frequency determination.
• No Complex Parameters: Eliminates the need for intricate parameter tuning, simplifying the trading process.
• Clear Information Panel: Provides essential information about the EA’s status, trades, and performance.

The Gold Reaper MT4 Features

The advisor’s built-in core features include:

1. Core trading strategy:

• Breakout Trading: The EA identifies and capitalizes on breakouts of significant support and resistance levels on multiple timeframes.
• Multiple Confirmation Algorithms: The EA employs multiple confirmation algorithms to enhance the accuracy of entry signals.
• Risk Management:
  • Stop-Loss and Take-Profit: Traditional risk management techniques are implemented.
  • Trailing Stop-Loss and Take-Profit: Dynamic risk management to secure profits and minimize losses.
• Multiple Strategies: The EA utilizes multiple internal strategies to diversify risk and improve overall performance.

2. Key features:

• Adaptive Trading:
  • Automatic Trade Frequency: The EA adjusts trade frequency based on account size and maximum allowed drawdown.
  • Automatic Lot Size: The EA calculates optimal lot size based on risk tolerance and account balance.
• Risk Management:
  • No Grid or Martingale: Avoids high-risk strategies.
  • Controlled Drawdown: The EA aims to maintain a stable growth curve with limited drawdowns.

The Gold Reaper MT4 Review

1. The Gold Reaper MT4 MyFxBook:

The Gold Reaper’s real trading performance is Verified by Myfxbook and achieves transparent performance. The potential of the advisor has been highly appreciated by professional investors trading PropFirm and users for many years, and the advisor is highly trusted by the user community.

Gold Reaper MT4 Myfxbook

The Gold Reaper MT4 Myfxbook

2. The Gold Reaper EA live results:

The Gold Reaper EA’s Real Account trading results have shown impressive performance over 4 weeks of continuous trading. Total profit of 11% from initial deposit of $1,615 and risk level is optimized safely at only Maximum drawdown: 9%.

The Gold Reaper MT4 results

3. The Gold Reaper MT4 backtest:

The Gold Reaper MT4 test trading results achieved impressive high performance. The advisor was designed to master the Gold trading market and has proven its practical effectiveness over many years. Backtested for 16 years (2008 – 2024), it has achieved impressive performance and excellent safety.

The Gold Reaper MT4 backtests

• Test with XAUUSD pair with capital of $100,000, total profit reached $164,183 in 4 years (2020 – 2024), the risk level is still safe at only Maximum Loss: 9% and the win rate on total orders is 85.08%.

The Gold Reaper MT4 backtest

• Test with XAUUSD pair with capital of $10,000, total profit reached $196,397 in 4 years (2020 – 2024), the risk level is still safe at only Maximum Loss: 30% and the win rate on total orders is 81.48%.

Gold Reaper MT4 backtests

Latest product download package includes

The download package includes the official version of the advisor:

• Experts:
  • The Gold Reaper MT4 v2.1.ex4
  • The Gold Reaper MT4 v1.9.ex4
  • The Gold Reaper MT4 v1.8.ex4
  • The Gold Reaper MT4 v1.5.ex4
• Presets: Propfirm.set
• URL’s.txt

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About the Author

This product is compiled by Wim Schrynemakers. This author has more than +11 years of experience working on MQL5 with many famous products such as The Gold Reaper MT4, Bitcoin Scalp Pro, Luna AI PRO, The Viper EA, Advanced Scalper EA, Gecko EA, Red Hawk EA, Stability Pro MT4, Apex Trader EA, Gold Trade Pro and other products. Among them, The Gold Reaper MT4 is his best performing product in 11 years.

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Conclusion

In conclusion, The Gold Reaper MT4 is a powerful and adaptable automated trading system designed to capitalize on the volatility of the Gold market. By leveraging multiple algorithms and confirmation strategies, it manages risk effectively while pursuing profitable opportunities. The EA’s ability to adapt to market conditions, adjust lot sizes, and use advanced risk management techniques sets it apart.

Backtesting results show consistent gains, controlled drawdowns, and quick recovery times. Rigorous stress testing across multiple brokers and timeframes further reinforces its reliability.

>>> Reviewed by Jason Stap