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Content: Expert: The Gold Reaper MT4 v3.3.ex4 (Unlocked MT4 Build 1441+), Preset: Prop firm Set.set, NO MANUAL
Welcome to Gold Reaper!
Built on the success of Gold Trade Pro, Gold Reaper is a powerful Expert Advisor (EA) designed to trade multiple timeframes simultaneously. It offers flexible trade frequency settings, ranging from ultra-conservative to highly aggressive, to match your risk tolerance.
How It Works
Gold Reaper uses multiple confirmation algorithms to pinpoint optimal entry prices and runs several internal strategies to diversify trade risk. Every trade includes a stop loss and take profit, alongside trailing stops to protect gains and maximize profit potential.
The core strategy is based on trading breakouts of key support and resistance levels—a method well-suited for Gold (XAUUSD), known for its high volatility.
The system intelligently adapts trade frequency and lot size based on your account size and your maximum allowable drawdown settings to keep your risk in check.
Proven Performance
Extensive backtests demonstrate a stable growth curve with controlled drawdowns and rapid recovery. The EA has been stress-tested over the longest available Gold price history across multiple brokers’ price feeds — proving its robustness in various market conditions.
No gimmicks here—no neural networks, AI hype, or unrealistic backtest claims. Just a solid, honest trading system based on time-tested principles and live execution experience.
About the Developer
With over 15 years of experience creating automated trading systems, I design honest, high-probability EAs that aim to replicate backtest performance without shortcuts or cheating.
Key Features
Easy to install and set up: simply apply to your chart and set your maximum allowed drawdown; the EA automatically adjusts trade frequency and lot size
No grid trading, no Martingale, no risky money management tricks
Consistent results on XAUUSD historical data
Suitable for prop firm trading
Minimum recommended account balance: $300
Backtesting Made Simple
Run the EA on XAUUSD with default settings or customize max drawdown and trade frequency to see different performance scenarios. The chart’s timeframe doesn’t affect the results.
Setup Instructions
Attach Gold Reaper to the XAUUSD chart
Choose trade frequency—automatic by default—or set it manually to your preference
Set your preferred max allowed drawdown
Timeframe selection is flexible
Important Parameters
ShowInfoPanel: Toggle the info panel on/off
Adjustment for InfoPanel Size: Useful for 4K displays (set to “2” if needed)
Update InfoPanel During Testing: Disable for faster backtesting
Trade Frequency: Range from very conservative to aggressive; “auto” mode adjusts based on account size and drawdown limits
Maximum Allowed Spread: Sets max spread allowed for pending orders
Friday Stop Hour: Prevent trades holding over the weekend (set 0–23; 25 disables)
SetSL_TP_After_Entry: Use if your broker doesn’t allow pending orders with SL/TP
Use Virtual Expiration: Use if your broker doesn’t support pending order expiration
Randomization: Slightly randomizes entries and exits to avoid identical trades on the same broker—good for prop firms (recommended: 50)
BaseMagicNumber: Unique ID for strategies
Trade Comment: Customize trade comments
Lotsize Calculation Method: Choose fixed lotsize or dynamic sizing based on max allowed drawdown
StartLots: Set fixed lot size or minimum lot size
Max Allowed Drawdown: Set preferred total drawdown limit (%) to guide lot sizing
Max Daily Drawdown: Automatically close trades if daily drawdown exceeds this (%)—useful for prop firms
Use Equity Instead of Balance: Calculates lots based on equity rather than balance
OnlyUp: Prevents lot size reduction after losses for faster recovery (more aggressive)
Gold Reaper offers a reliable, tested, and user-friendly way to trade Gold with smart risk management and adaptable strategies. Ready to trade smarter?
