The Gold Reaper EA v4.1 Source Code MQ4 with SetFiles

What is The Gold Reaper EA?

Gold Reaper is a professional Expert Advisor designed specifically for trading XAUUSD (Gold), built on a proven breakout strategy that focuses on key support and resistance levels. Evolved from the successful Goldtrade Pro system, it is engineered to run multiple strategies simultaneously and operate across multiple timeframes, allowing it to adapt dynamically to different market conditions. The EA emphasizes controlled risk, structured execution, and automatic adaptation of trade frequency and lot size based on account balance and maximum drawdown settings.

• Vender website

About the Developer

• Author: Wim Schrynemakers.
• Experience: Over +12 years of experience on MQL5.
• Notable Products: The Gold Reaper MT4, The Gold Reaper MT5, Indicement MT4, Daytrade Pro Algo and other products.
• Flagship Product: The Gold Reaper EA is rated as the best performing product of the year.

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Main Features of The Gold Reaper EA

• Multi-Timeframe Trading Engine: analyzes and executes trades across multiple timeframes simultaneously for broader market coverage.
• Breakout-Based Strategy: trades breakouts of key support and resistance levels, optimized for Gold volatility.
• Multi-Strategy Internal System: runs several trading logic modules in parallel to diversify risk exposure.
• No Grid and No Martingale: avoids dangerous recovery systems for safer capital protection.
• Fully Automated Risk Scaling: adjusts trade frequency and lot size based on account balance and drawdown limits.
• Built-In Stop Loss and Take Profit: every trade is protected with predefined risk and reward levels.
• Trailing Stop & Trailing Take Profit: dynamically locks profits while allowing winning trades to extend.

Additional Features

• Adaptive Trade Frequency Control: allows trading from conservative to high-volatility modes.
• Auto Lot Sizing System: calculates position size based on maximum allowed drawdown settings.
• Spread Protection Filter: blocks trades when market spread is too high.
• Friday Safety Stop: can close or avoid holding trades over the weekend.
• News Event Protection (NFP Filter): pauses trading around high-impact economic releases.
• Virtual Order Management: supports brokers with restrictions on SL, TP, or expiration rules.
• Randomization Engine: slightly varies trade behavior to reduce correlation across users and accounts.
• Equity-Based Calculation Mode: uses account equity instead of balance for more accurate risk control.

Why Choose The Gold Reaper EA?

• Proven Breakout Methodology: based on support and resistance trading, a widely tested Gold strategy.
• Highly Adaptive System: automatically adjusts trading behavior based on market conditions and account size.
• Strong Risk Control Framework: includes drawdown limits, spread filters, and news protection.
• Scalable Trading Modes: suitable for both conservative traders and high-volatility setups.
• Designed for Prop Firms: includes daily drawdown and risk controls aligned with funding rules.
• Long-Term Stability Focus: emphasizes controlled growth and recovery over aggressive trading.
• Professional Development Background: built on 15+ years of automated trading system experience.

The Gold Reaper EA Performance Review

The Gold Reaper EA Myfxbook

🟢Signal Results

🔺XAUUSD (Gold) – 77 consecutive weeks of trading

• Initial Deposit: $1,600
• Growth Rate: +219%
• Win Rate (% of total): 72%
• Maximum Drawdown: 16.9%

The Gold Reaper EA Signal Results

🟢Backtest Results

🔺XAUUSD (Gold) – 4 years

• Initial Deposit: $10,000
• Total Net Profit: $16.23 million
• Win Rate (% of total): 81.52%
• Maximum Drawdown: 4.31%

The Gold Reaper EA Backtests

Real User Reviews and Feedback

🔺The Gold Reaper EA is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

• Fredlebasque (2025.05.12): “Which does not promise the moon but which is profitable in the long term. The strategies are well-researched and very effective.”
• Klogarg (2024.10.23): “Really good EA, real trades match the backtest and the support from Wim is outstanding, he is constantly improving the EA.”
• Joao Maria (2025.10.17): “I purchased this EA and I’m very satisfied with the results. It does exactly what it promises and has met my expectations. I highly recommend it.”

What’s Included in the Download Package?

• Experts (Source Code):
  • The Gold Reaper.ex4
  • The Gold Reaper.mq4
• SetFiles:
  • URLs.txt
  • Propfirm.set
  • Gold_Low.set
  • Gold_Medium.set
  • Gold_High.set

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How To Set Up EA

🔺The Gold Reaper EA is a powerful automated trading solution designed for gold (XAUUSD), combining smart risk management, adaptive strategies, and advanced filters for consistent performance. With proper installation and optimized settings, traders can maximize efficiency, reduce emotional trading, and achieve stable long-term results.Follow these simple steps to install and run The Gold Reaper EA efficiently.

setting

Step 1: Download & Extract

• Download the The Gold Reaper EA file.
• Extract the .zip file on your computer.

Step 2: Install the EA

• Open your MetaTrader platform (MT4/MT5).
• Click File → Open Data Folder.
• Navigate to:
  • MQL4 → Experts (for MT4)
  • MQL5 → Experts (for MT5)
• Copy and paste the EA file into this folder.

Step 3: Restart Platform

• Restart MetaTrader or refresh the Navigator panel.
• Locate The Gold Reaper EA under Expert Advisors.

Step 4: Attach to Chart

• Open a Gold chart (XAUUSD).
• Choose your preferred timeframe (recommended: M15–H1).
• Drag and drop the EA onto the chart.

Step 5: Configure Settings

• Enable:
  • ✅ AutoTrading
  • ✅ Allow Live Trading
• Adjust key parameters:
  • Risk & lot size
  • Trade frequency
  • NFP filter & spread settings
  • Drawdown control

Step 6: Start Trading

• Click OK to activate the EA.
• Ensure the smiley face 😊 appears (EA is running).

Conclusion

In summary, The Gold Reaper EA is a professional-grade Expert Advisor specifically designed for trading XAUUSD (Gold) using a structured breakout strategy based on key support and resistance levels. Built on a multi-strategy and multi-timeframe engine, it delivers adaptive trading performance that can respond effectively to changing market volatility while maintaining strict risk control.
Supported by verified MyFxBook performance results, live signals, and long-term backtests, The Gold Reaper EA demonstrates consistent profitability potential with controlled drawdowns.

>>> Reviewed by Jason Stap <<<