The Gold Reaper MT5

The Gold Reaper MT5 – Adaptive Breakout EA for Gold Markets

Need a Gold EA that adjusts to ever-changing conditions? The Gold Reaper MT5 not only catches breakout moves but adapts trade frequency, stop-loss, and lot size based on live Gold pricing. Designed for smart risk handling and multi-timeframe flexibility.

What is The Gold Reaper MT5?

The Gold Reaper MT5 is a breakout Expert Advisor designed to trade Gold (XAUUSD) across multiple timeframes. It was published on February 1, 2024, allows flexible trade frequency, and auto-adapts based on Gold price actions. ([turn0search0])

• Platform: MT5
• Category/Strategy: Breakout EA with multi-timeframe execution and adaptive logic
• Main Instrument: Gold (XAUUSD)
• Requirements: —
• Version & Update: v3.5, published February 2024
• Vendor/Author: Profalgo Limited (via Wim Schrynemakers) ([turn0search3])

Why The Gold Reaper MT5 Stands Out: Features & Benefits

Multi-Timeframe Breakout Strategy

Runs simultaneous breakouts across various timeframes, allowing for layered trade entries that align with both short-term momentum and macro trends. ([turn0search0])

Adaptive Trade Frequency & Lot Size

Automatically adjusts trading volume and pace based on account size and user-defined drawdown thresholds—to stay in sync with market volatility. ([turn0search0])

Built-In Stop Loss & Trailing Logic

Every trade incorporates stop loss, trailing stop, and trailing take profit to protect gains and limit downside. ([turn0search0])

Price-Responsive Parameters (“Variable Values”)

Parameters like stop-loss scale based on actual Gold price—tightening when Gold is cheaper, widening when Gold price climbs. Offers smarter risk layering. ([turn0search2])

Robust & Transparent System

Backtested extensively with multiple brokers and price feeds. Crafted without hype—no AI buzzwords, just solid breakout logic grounded in tested methodology. ([turn0search0])

Prop Firm Ready Setup

Includes SETFILEs tailored for prop traders, launch promotions, and group access to amplify deployment ease. ([turn0search1])

Optimal Settings Guide

• Instrument & Timeframes: Use XAUUSD across multiple TFs—configurable.
• Risk & Trade Speed: Adjust via built-in frequency sliders (conservative to extreme).
• Adaptive Variables: Keep “Variable Values” setting enabled for real-time pricing adaptation.
• Trailing Stops: Enabled by default—don’t override unless experienced.
• SETFILES: Apply provided prop-firm configuration for instant setup. ([turn0search1])

Conservative Mode

Use slower trade frequency, smallest lot size, conservative SL/TP multiplier, ideal for new traders or small accounts.

Aggressive Mode

Increase frequency slider to “extreme”, moderate lot size, wider stop-loss for more trades—but higher reward/risk potential.

Example Strategy & Risk Management

Run multiple timeframes on XAUUSD: enable adaptive logic, title as “auto,” and let the system scale position sizes during bullish breakouts. The trailing stops will preserve profits automatically. Always monitor drawdown thresholds—no EA eliminates risk entirely.

Comparison & Compatibility

• MT5 platform only—no MT4 version available.
• No dependencies on external indicators or AI.
• Compatible with ECN and standard brokers; multi-feed tested ensures reliability.

For commercial/client licensing, check official specifications on MQL5 Marketplace.

License & Usage

The EBFE90 edition is modified to offer full (unlimited) personal use. Details: Personal Use License (EBFE90). Commercial or client usage should use the official version via MQL5.

Buy Now

Why EBFE90 License is the Smarter Choice:

• Immediate download post-purchase—fast and reliable.
• Unlimited personal use—no binding to device or account.
• Adaptive, tested system specifically built for real market conditions.

FAQ – The Gold Reaper MT5

• Q: What is The Gold Reaper MT5?
  A: A breakout EA for gold using adaptive logic, trailing stops, and multi-TF execution.
• Q: How does it adapt to Gold price?
  A: Variable Values adjust stop-loss and trade scaling based on current Gold price. ([turn0search2])
• Q: Is martingale or grid used?
  A: No—only breakout logic and risk-managed entries.
• Q: What’s the latest version?
  A: Version 3.5, released in February 2024. ([turn0view0])
• Q: Does it support prop firm setups?
  A: Yes—SETFILEs are provided for prop firm ready usage. ([turn0search1])
• Q: Are multi-timeframes used?
  A: Yes—the EA can operate across multiple TFs simultaneously. ([turn0search0])
• Q: What’s the risk control style?
  A: Built-in stop-loss, trailing stops, and adaptive scaling provides structured risk management. ([turn0search0])
• Q: Is this hype or tested real strategy?
  A: It’s built on proven breakout logic, not AI fluff, tested across brokers and data feeds. ([turn0search0])

Conclusion

The Gold Reaper MT5 delivers smart, adaptive breakout trading on Gold—combining multi-TF execution, price-aware risk scaling, and robust trade management. With SETFILEs for fast deployment, the EBFE90 unlimited personal license makes it both ready and reliable. If adaptability and real-market discipline are your goals, this EA is your ally. Buy now and trade smarter.