Developer: Profalgo Limited • Version 4.1 • ★ 4.62 (380 reviews)
Built on the very successful Goldtrade Pro, this EA has been designed to run on multiple timeframes simultaneously. No "neural network / AI / ChatGPT / straight line curve-fitted backtests" sales-talk, but a real and honest trading system based on proven methodology for development and live execution. Gold is exceptionally suited for support & resistance breakouts due to its high intraday volatility.
Capitalizes on high-volatility breakouts from major support and resistance zones on XAUUSD.
Runs multiple uncorrelated execution strategies internally to ensure stable, smoothed equity curves.
Automatically calibrates lotsize and trade frequency according to your account balance and preferred max drawdown.
Every trade is safeguarded with a hard stop loss and dynamic trailing stop loss. No compounding toxic risk.
Automatically closes or pauses trades before Non-Farm Payrolls with live GMT synchronization via WorldTimeServer.
Built-in max daily drawdown cutoffs and execution randomization specifically calibrated for prop firm evaluations.
Even though our bots trade Gold (XAUUSD), the mathematical correlation between their algorithms is exceptionally low:
| PARAMETER | DEFAULT | FUNCTION & RECOMMENDATION |
|---|---|---|
| Trade Frequency | auto | Adapts from conservative to extreme based on balance & max DD setting. |
| Max Allowed Drawdown | Custom % | EA determines lot size based on historical max DD of the strategy. |
| Set Max Daily Drawdown | 4.5% | Closes all trades and halts until next trading day (critical for Prop Firms). |
| Randomization | 50 | Varies entries, exits & trailing stops slightly for unique execution signatures. |
| EnableNFP_Filter | true | Turns automatic US Non-Farm Payrolls news protection filter on/off. |
| AutoGMT | true | Calculates GMT offset via WorldTimeServer to ensure precise news timing. |
| Friday Stop Hour | 21 | Prevents weekend exposure by closing trades before Friday market close. |
The minimum account balance is $8,000 USD (8k$). This ensures conservative margin requirements and safe drawdown headroom during volatile gold breakouts.
No. You can attach The Gold Reaper to XAUUSD on any chart timeframe (e.g. M1, M5, H1). The EA evaluates multi-timeframe price action internally regardless of the displayed chart.
It includes an integrated NFP and High Impact News Filter. You can configure NFP_MinutesBefore and NFP_MinutesAfter to automatically close open trades and delete pending orders before news releases.
Yes! The Gold Reaper has dedicated Prop Firm features including 'Set Max Daily Drawdown' (automatically closes all positions if daily DD is hit) and 'Randomization' to vary entry/exit parameters across accounts.
Documented feedback and verified broker statements from institutional traders using our MT5 algorithms across FTMO, IC Markets, Tickmill, and Pepperstone.
“The breakout logic on The Gold Reaper is genuine. No martingale nonsense. The auto drawdown feature kept my equity strictly within prop firm guidelines. Passed the 100k phase in 14 trading days.”
“Running The Gold Reaper alongside Scalping Robot Pro. The author is 100% correct about low correlation: when the market consolidates, Scalping Robot picks up small pips, and when Gold explodes out of resistance, Reaper captures massive runs.”
