Official MT5 version · Gold EA

The Gold Reaper EA MT5

Name: The Gold Reaper EA MT5
SKU: CHF-Gold-Reaper-MT5
Price: 299.95 USD
Availability: InStock

Version 5.1

We’re rated Excellent on Trustpilot 4.6/5 (opens in a new tab)

The Gold Reaper EA MT5 trades gold breakouts across several internal timeframes, with adjustable trade frequency and separate stop-loss and trailing management. It suits XAUUSD traders who want to control how actively the system trades.

Control frequency as well as lot size.
Understand the drawdown setting.
Prepare the gold chart.

The Gold Reaper EA MT5: detailed review

The Gold Reaper EA MT5 black and gold reaper cover with CheaperForex.com watermarks

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Version 5.1
Instant download
Free lifetime updates
7-day money-back
Unlimited activations

Source code (.mq5) available at checkout.

Excellent on Trustpilot4.6 from 120 reviews (opens in a new tab)

28,000+ tradersServed since 2019

Orders over $300 include 3 months of PrismAlgo freeThe highly recommended cloud-connected EA, on all 28 Forex pairs for one MT5 account. Added to your cart automatically. View PrismAlgo

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Official versionsInstant downloadFree lifetime updatesExtra 20% off with cryptoReal people on support28,000+ tradersTrading since 2019Rated Excellent on Trustpilot

Product description

About The Gold Reaper EA MT5

Read the full The Gold Reaper EA MT5 review

Control frequency as well as lot size

The Reaper looks for breaks of support and resistance rather than trying to recover a losing basket. The developer describes independent strategies with stop-loss and take-profit management, without grid or martingale. Automatic trade frequency changes the activity of the system; it is a separate decision from how much money to put behind each entry.

Understand the drawdown setting

The maximum-drawdown input used for automatic sizing is based on historical testing. It is not an account loss guarantee. The daily drawdown control has a different job: it can close positions, delete pending orders and stop trading for the day. Check both settings before switching on additional strategies or using a more aggressive mode.

The Gold Reaper EA MT5 V4.5 on-chart panel on a XAUUSD M5 chart showing trade frequency intense, max allowed drawdown 30%, open P/L, account balance, total P/L, news status, and a strategy table showing all 9 strategies with their closed P/L, P/L per trade, and lot size columns — Original image retained from the earlier article: earlier interface or analysis illustration; current controls may differ. Evidence reviewed 24 September 2026; this is not a new capture.

Prepare the gold chart

Use the developer’s current H1 setup instructions and your broker’s correct gold symbol. Internal calculations mean the visible chart period does not explain every trade. Verify automated trading permission, the news filter and automatic GMT connection before leaving the terminal running. When using fixed StartLots, check the required manual trade-frequency setting instead of assuming automatic sizing remains active.

Choose the right edition

The MT5 and MT4 editions are separate files. Existing MT4 buyers should use their own edition’s instructions rather than copying every newer MT5 option. The review compares the interface with the developer’s older backtests and public signal so you can judge what the controls demonstrate and what remains untested.

Setup questions

Does Max DD cap my actual loss?

No. The historical drawdown input helps calculate sizing; future losses can exceed the estimate. Check the separate daily drawdown protection and the combined exposure of enabled strategies.

Why is the EA not opening a trade?

Read the on-chart status first. Trade-frequency selection, news filtering, spread, time settings and the absence of a qualifying breakout can all affect activity. Do not remove protections simply to force an entry.

Can I use the MT4 file in MT5?

No. Choose the platform-specific edition. An older screenshot or MT4 release number is not a specification for the current MT5 file.

Related editions and comparisons

Compare The Gold Reaper EA MT4.

Your CheaperForex offer

Supplied as a standalone file. Follow the delivery instructions in your order; the instructions document is not the trading executable. Free lifetime updates are included, added as soon as we receive them. You never pay twice. Email setup help is available.

7-day money-back guarantee. If the EA fails to attach to your chart because of errors we can replicate, you get a full refund. Trading results are not covered.

Verify it yourself

Every order

What’s included with The Gold Reaper

Instant downloadReady after checkout and kept in your account
Free lifetime updatesAdded as soon as we receive them, every version kept in your account
Unlimited activationsUnlimited live and demo accounts
Setup helpReal people on Telegram or email
7-day money-back guaranteeIf the EA fails to attach to your chart because of errors we can replicate, you get a full refund.

Product FAQs

The Gold Reaper EA MT5 FAQs

Still deciding?

Real people on support, by Telegram or our contact form.

Message us on Telegram (opens in a new tab)Contact form

Does Max DD cap my actual loss?

No. The historical drawdown input helps calculate sizing; future losses can exceed the estimate. Check the separate daily drawdown protection and the combined exposure of enabled strategies.