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Real reviews from our 28,000+ customers
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
Full refund before activation. Zero risk.
Change your mind before we activate the EA? You get a full refund, no questions asked. Simply email us within 7 days of purchase.
Once the EA is activated on your MT5 platform, the license is permanently yours and cannot be reclaimed. Refunds are only available before activation.
Installed directly from the MQL5 marketplace
Download updates yourself from the Purchases tab in MT5
Installed from the official marketplace, there's no difference
The Gold Phantom EA MT5
The Gold Phantom EA for MT5 is the latest Gold breakout system from Profalgo Limited (Wim), the creator of the legendary Gold Reaper.
Built on the same battle-tested engine but with 9 brand-new, never-released strategies, The Gold Phantom focuses on breakouts of key support and resistance levels — one of the most reliable trading approaches on XAUUSD.
- ✅ $10K → $145K backtest — default settings, max 7% drawdown (2020-2025)
- ✅ Prop firm mode — +100% growth with under 5% max DD
- ✅ 9 independent strategies — spread across H1, H4, Daily timeframes
- ✅ 399 purchases/month — fastest-selling new Gold EA
- ✅ Fixed SL/TP on every trade — plus dynamic trailing
Includes all official SET FILES for prop firms and personal accounts.
Buy Now
Why pay full price at MQL5 without knowing how profitable this EA is?
Pay over 50% less for the exact same product — with all future updates included.
Don't risk being scammed by fake resellers. We are the only EA reseller rated Excellent on Trustpilot — check it yourself.
Original price was: $499.00.$249.95Current price is: $249.95.
Two Ways to Buy
The lowest genuine reseller price. Includes free future updates.
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
Quick Summary:
The Gold Phantom EA for MT5 is the latest Gold breakout system from Profalgo Limited (Wim), creator of the legendary Gold Reaper.
Built on the same battle-tested engine but with 9 brand-new, never-released strategies, The Gold Phantom focuses on breakouts of key support and resistance levels across H1, H4, and Daily timeframes. Every trade has a fixed stop loss and take profit, enhanced by dynamic trailing logic. Prop firm ready with randomization features and daily drawdown limits.
Official MQL5 Listing:
The Gold Phantom EA MT5
Developer Profile:
Profalgo Limited
From the Creator of Gold Reaper
THE GOLD PHANTOM IS HERE
After the massive success of The Gold Reaper, Wim introduces its powerful brother:
- 399 purchases/month — fastest-selling new Gold EA on MQL5
- 18 reviews, 5.0 rating — perfect score from verified buyers (as of January 2026)
- Same DNA, different personality — new strategies, same proven engine
- 20+ years experience — from the pioneer of algo breakout trading
Backtest Results — Two Modes
Default Settings (2020-2025)
- Starting Balance: $10,000
- Ending Balance: $145,000
- Growth: +1,350%
- Maximum Drawdown: 7%
- Period: 2020-2025 (5 years)
- Settings: Default out-of-the-box
Prop Firm Settings (2020-2025)
- Growth: +100%
- Maximum Drawdown: Under 5%
- Period: 2020-2025
- Settings: Conservative prop firm mode
The prop firm backtest demonstrates the EA can operate within strict drawdown limits while still delivering solid returns — exactly what FTMO, FundedNext, and other prop firms require.
What Makes The Gold Phantom Special
9 Brand-New Independent Strategies
Never released before. Each strategy operates independently, providing internal diversification even on a single chart. Strategies are spread across H1, H4, and Daily timeframes for maximum coverage.
Breakout of Key Support & Resistance
The Gold Phantom focuses on one of the most reliable and time-tested approaches in trading: breakouts of major support and resistance levels. Gold (XAUUSD) is ideal for this strategy thanks to its exceptional volatility and frequent, clean level breaks.
Fixed Stop Loss + Intelligent Trailing
Every single trade gets a fixed Stop Loss and Take Profit right from entry. Dynamic trailing stop loss and trailing take profit logic protects capital early and lets winners run.
Auto-Adapting to Gold Price Changes
The entry and exit algorithms automatically adapt to the ever-changing price of Gold — essential as XAUUSD has moved from $1,200 to $2,600+ over recent years.
Trade Frequency Control
Full control from ultra-conservative to intense volatility-maximizing modes. By default, the system auto-adjusts trade frequency and lot sizing based on your account balance and maximum allowable drawdown.
Multiple Layered Confirmation
The system employs multiple layered confirmation algorithms to pinpoint optimal entry prices while running complementary strategies internally to diversify and spread risk.
What Real Users Say
Bryan Manijean (5 stars):
“This robot will undoubtedly be one of the best gold robots ever sold on MQL5. Combine it with Wim’s other gold robots and you’ll see profitability in the short, medium, and long term.”
Trendtrader2015 (5 stars):
“This will be another beast like the gold reaper!!!!”
Abdullah Uygar Tuna (5 stars):
“The latest addition to the lineup from the pioneer of Algo Breakout trading. I’ve been using his EAs profitably for years. If you know Wim’s work, a product like this at this price is an absolute steal. All the best Wim.”
Prop Firm Features
Daily Drawdown Limit
Set a maximum allowed daily drawdown percentage. If reached, the EA closes all trades and pending orders, waiting for the next day. Essential for FTMO and other prop firms.
Randomization for Prop Firms
The Randomization parameter varies entries, exits, and trailing SL values slightly so multiple users on the same broker have different trades. Also prevents copy-trading detection on prop firms. Value “50” recommended.
Max Allowed Total Drawdown
Set your preferred maximum total drawdown and the EA determines lot sizing based on historical max DD — keeping risk aligned with your preferences at all times.
Friday Stop Hour
Avoid holding trades over the weekend by setting a close time on Fridays.
News Filters
- NFP Filter: Close trades and pending orders before Non-Farm Payrolls
- FOMC Filter: Avoid Federal Reserve announcements
- CPI Filter: Skip Consumer Price Index releases
- MQL5 Calendar Integration: Uses built-in calendar for news detection
- Configurable Buffer: Set minutes before/after events
No AI Hype — Honest Trading
“No hype about neural networks / machine learning / AI / ChatGPT / quantum computing / unrealistically perfect backtests. Just a transparent, honest trading system grounded in proven, repeatable methodology suitable for both development and real-money execution.”
With 20+ years building automated trading systems, developer Wim focuses only on approaches that have a realistic chance of performing in live markets the way they do in testing — without curve-fitting or data-mining tricks.
More From Profalgo Limited @ CheaperForex
We carry other EAs from this developer:
Ultimate Breakout System EA MT5
Unlock over 100+ breakout strategies or create your own using the same master tool that built Gold Reaper, Goldbot One, and DayTrade Pro. Includes step-by-step guides, optimization templates, 100+ set files, and a powerful engine for any pair or timeframe.
The ORB Master EA MT5
Trades Opening Range Breakouts on US500, US30, NAS100, DAX from a single EURUSD M15 chart. 12 uncorrelated strategies, no grid/martingale, dynamic trailing SL/TP, prop-firm tools.
Additional User Reviews
★★★★★ “Same quality as Gold Reaper.”
I’ve been running Gold Reaper profitably for over a year. Gold Phantom uses the same engine with completely new strategies. The diversification between them is excellent — very low correlation.
— Thomas K., Berlin
★★★★★ “Prop firm challenge passed.”
Used the prop firm settings for my FTMO challenge. Under 5% drawdown throughout, hit the profit target in 3 weeks. The daily DD limit feature is essential.
— Marco R., Milan
★★★★★ “9 strategies in one EA.”
The internal diversification is what sold me. Running H1, H4, and Daily strategies simultaneously from one chart. Each strategy catches different breakouts. Smooth equity curve.
— Elena S., Vienna
★★★★★ “Set files included — ready to go.”
Downloaded the official set files and was running in 10 minutes. No optimization needed. Default settings work exactly as shown in backtests.
— James T., London
★★★★★ “Finally, breakout done right.”
Most breakout EAs fail because they trade every level. Gold Phantom filters for major support/resistance only. The confirmation layers prevent false breakouts.
— David L., Singapore
Our Assessment
Transparent evaluation based on backtest performance and developer track record:
What We Found:
- Market Validation: 399 purchases/month, 18 reviews, 5.0 rating — exceptional reception
- Backtest Performance: $10K→$145K default (7% DD), +100% prop firm (<5% DD)
- Strategy Approach: 9 independent breakout strategies across H1/H4/Daily
- Risk Management: Fixed SL/TP on every trade + dynamic trailing
- Prop Firm Ready: Daily DD limits, randomization, Friday close options
- Developer: Profalgo Limited (Wim) — Gold Reaper creator, 20+ years experience
- Honest Marketing: No AI/ML/quantum hype — proven breakout methodology
- Related Products: Low correlation with Gold Reaper — good for portfolio diversification
- Best Suited For: Gold traders wanting proven breakout strategies with prop firm compatibility
- Overall: The Gold Phantom benefits from the proven Gold Reaper engine and Wim’s extensive track record. The 399 purchases/month and perfect 5.0 rating demonstrate strong market validation. Multiple backtests show consistent performance across different risk profiles.
Who Should Use This EA?
The Gold Phantom is ideal for traders who:
- Trust the Gold Reaper developer — same engine, new strategies
- Want breakout trading — support/resistance methodology
- Trade prop firm challenges — FTMO, FundedNext compatible
- Need multiple strategies — 9 independent approaches
- Require fixed stop losses — protected on every trade
NOT for traders who:
- Want to trade pairs other than XAUUSD
- Prefer scalping or high-frequency trading
- Don’t believe in breakout strategies
Technical Requirements
- Platform: MetaTrader 5
- Instrument: XAUUSD (Gold)
- Timeframe: H1 (attach to H1 chart)
- Minimum Balance: $300 (recommended $1,000+)
- Account Type: Any broker, prop firm compatible
- VPS: Recommended for 24/5 operation
Setup
Simple configuration:
- Attach EA to XAUUSD H1 chart
- Set trade frequency (auto by default)
- Set max allowed drawdown preference
- Enable prop firm features if needed
Or simply load the included set files for pre-configured operation.
Conclusion
The Gold Phantom EA for MT5 delivers exactly what Gold traders need: proven breakout methodology from a developer with a legendary track record.
With 399 purchases per month and an 18-review perfect 5.0 rating, the market has already validated what users of Gold Reaper knew — Wim builds EAs that work. The Gold Phantom uses the same battle-tested engine with 9 brand-new strategies spread across H1, H4, and Daily timeframes.
The backtests tell the story: $10K to $145K over 5 years with only 7% maximum drawdown on default settings. For prop firm traders, the conservative mode delivers +100% growth while keeping drawdown under 5% — exactly what FTMO and FundedNext require.
Every trade is protected by fixed stop loss and take profit, enhanced by intelligent trailing logic. News filters for NFP, FOMC, and CPI prevent trading during volatile announcements. Daily drawdown limits and randomization features make it prop firm ready out of the box.
No AI hype, no quantum computing claims — just honest breakout trading built on 20+ years of algo development experience. For Gold traders seeking proven methodology from a trusted developer, The Gold Phantom continues the excellence of the Gold Reaper legacy.
What Do You Receive?
– The Gold Phantom EA for MT5 – Latest Official Version activated directly in your MT5
– All Official SET FILES included (prop firm and standard settings)
– Free lifetime updates (which you can download yourself)
– For use on unlimited brokers and trading accounts
FAQs
What are the backtest results?
Default settings: $10K → $145K over 2020-2025, max 7% drawdown. Prop firm settings: +100% growth with under 5% max drawdown over the same period.
Who developed The Gold Phantom?
Profalgo Limited (Wim) — the creator of the legendary Gold Reaper EA. 20+ years experience building automated trading systems. Pioneer of algo breakout trading.
How is it related to Gold Reaper?
Built on the same battle-tested engine but with 9 brand-new, never-released strategies. Same DNA, different personality. Low correlation between the two — excellent for portfolio diversification.
How many strategies are included?
9 independent trading strategies spread across H1, H4, and Daily timeframes. This provides internal diversification even when running on a single chart.
What trading approach does it use?
Breakouts of key support and resistance levels — one of the most reliable and time-tested approaches. Gold (XAUUSD) is ideal due to its exceptional volatility and clean level breaks.
Is every trade protected by stop loss?
Yes. Every single trade gets a fixed Stop Loss and Take Profit right from entry, enhanced by dynamic trailing stop loss and trailing take profit logic.
Is it prop firm compatible?
Yes. Features include: Daily drawdown limit, randomization for unique trades, Friday stop hour, max allowed total drawdown setting. Works with FTMO, FundedNext, The5ers, etc.
What is the randomization feature?
Varies entries, exits, and trailing SL values slightly so multiple users on the same broker have different trades. Also prevents copy-trading detection on prop firms. Value “50” recommended.
Does it have news filters?
Yes. NFP, FOMC, CPI filters included. Uses MQL5 Calendar for news detection. Configurable buffer time before/after events.
What timeframe should I use?
H1 (attach to H1 chart). The EA internally uses H1, H4, and Daily timeframes for its 9 strategies.
What’s the minimum balance?
$300 absolute minimum. $1,000 or more recommended for optimal trading with all strategies active.
How does trade frequency control work?
By default set to “auto” — uses account balance and max allowed drawdown to determine frequency. Can also manually select from ultra-conservative to intense modes.
Does it use AI or machine learning?
No. Developer explicitly states: “No hype about neural networks / machine learning / AI / ChatGPT / quantum computing.” Just proven, repeatable breakout methodology.
Are set files included?
Yes. All official set files included for both prop firm and standard trading configurations. Ready to run immediately.
What other EAs does this developer make?
We also carry Ultimate Breakout System (100+ strategies, build your own) and The ORB Master (Opening Range Breakouts on indices) from Profalgo Limited.
Peter Jones
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Frequently Asked Questions
Is this an official product?
Yes. This is activated directly from the developer's official MQL5 marketplace listing—guaranteed authentic.
Unlike downloadable files (which can be fake or cracked), this EA is installed through MQL5's one-click activation system, ensuring you get the real product with full functionality and instant automatic updates.
When you buy from us, you're getting the exact same lifetime license as buying directly from MQL5—just at a fraction of the price.
Are updates always free and instant?
Yes, product updates for this EA are always free and instant.
They can be downloaded from within the terminal from the marketplace.
Just go to the product listing and click "update" if there's one available.
How do I get this after paying?
Most activations are completed within 15-30 minutes of purchase.
Here's the simple process:
This is an official MQL5 product that must be activated directly from the marketplace—it cannot be downloaded as a standalone file.
Installation process:
1. After purchase, we'll schedule a quick activation session (usually within a few hours)
2. You grant us temporary access via UltraViewer or AnyDesk (takes ~2 minutes), OR provide temporary VPS credentials
3. We activate the EA on your MT5 terminal(s)
4. Done! The EA is permanently yours with instant updates from MQL5
The entire process is secure and takes about 2 minutes.
After activation, no further involvement from us is needed.
How does the 7-day refund policy work?
If you change your mind before we activate the official product in your MT5 terminal, you are eligible for a full refund. Absolutely no questions asked.
Once it has been activated and is working correctly, refunds are no longer available and our regular 7-day refund policy does not apply.
Once we've activated it for you, we can't take it back and it's yours permanently.
How long does activation take?
Usually within a few hours of purchase, but often much faster.
Immediately after purchase, you'll receive an instructional PDF explaining the simple activation process.
Don't worry—it's straightforward, and our refund policy applies anytime before we activate the EA on your terminal.
What if I reinstall MT5 or get a new computer?
Activations are tied to your hardware ID, not your MT5 installation.
Free reactivation if:
• You reinstall MT5 on the same computer
• You accidentally delete MT5
• Windows updates cause issues (this is rare)
• You reinstall Windows (sometimes this doesn't work, but we will always attempt it for you)
Reactivation NOT possible if:
• You get a new computer (different hardware)
• You upgrade major hardware components (motherboard, etc.)
Important: Treat your installation with care. If you're planning to reformat or upgrade hardware, contact us FIRST so we can assist you.
Contact [email protected] with your order number if you need help.
Why should I buy here?
Buying directly on MQL5 means paying full price upfront—often $500-$1,500—without knowing if the EA will work for you. If it doesn't perform or the developer abandons it, there's no refund.
At CheaperForex, you get the exact same official, lifetime-licensed copy for up to 70% less. Test it at a lower risk before committing full price elsewhere.
We've been trusted since 2019, and every EA is yours forever—no renewals, no expiry, no surprises. Smarter investing in trading tools.