Gold Reaper EA trades XAUUSD breakouts on H1 with up to 9 strategies, adaptive lot sizing, and no grid or martingale. Built by Profalgo LTD.
A step-by-step look at getting Gold Reaper running on your MetaTrader 5 account.
After buying Gold Reaper from Profalgo LTD, you receive the EA files along with the full product manual. A direct purchase requires copying the .ex5 file into your MetaTrader 5 Experts folder.
Restart MT5 after copying the files, then open a fresh XAUUSD or GOLD chart on the H1 timeframe, matching your broker's exact symbol name. Add the four required URLs (worldtimeserver.com, forexeasolutions.com, tradewithwim.com, and nfs.faireconomy.media) under Tools > Options > Expert Advisors so the NFP filter and AutoGMT functions can connect.
Drag Gold Reaper onto the XAUUSD H1 chart, enable Allow Live Trading, and set TradeFrequency to Auto for most users. Choose Max Allowed Total Drawdown as your lot sizing method and pick a percentage that matches your risk tolerance, typically 10-30% for standard accounts or a lower figure for prop firm challenges.
Turn on UseVariableValues, AdjustLotsizeToVariableValues, Weighted Lotsize, EnableNFP_Filter, and UseHL_TrailingSL as recommended in the Quick Start Setup. Leave the Fake Breakout Filter on Medium unless you have a specific reason to disable it, then confirm AutoTrading is enabled on the MT5 toolbar.
Once configured, Gold Reaper monitors XAUUSD continuously for breakout setups across its active strategies, opening and managing trades without further input. A VPS is strongly recommended here so the EA keeps running 24/5 without interruptions from your local computer going offline.
Check the real-time information panel on the chart periodically to track open positions and recent performance. If you're running a prop firm challenge, switch to the dedicated Prop Firm set file and adjust the daily drawdown limit and randomization settings to match your specific firm's rules.
Gold Reaper is a breakout system built exclusively for XAUUSD on the H1 timeframe. Instead of relying on a single entry model, it runs up to 9 internal strategies that can work independently or together, each scanning for high-probability breakouts of key support and resistance levels across different lookback windows. When gold pushes through a level with conviction, one of the systems opens a trade with a fixed stop-loss, take-profit, and dynamic trailing stop/take-profit attached. When price is ranging or the breakout looks weak, the EA simply stays flat. There is no grid, no martingale, and no position averaging anywhere in the logic. Lot sizing is calculated automatically from your account balance and a Max Allowed Drawdown setting you choose, and a feature called Variable Values keeps every entry, stop, and target recalibrated to the current gold price rather than fixed pip distances. A built-in NFP filter with MQL5 Calendar support pauses trading around Non-Farm Payroll releases, and a dedicated Prop Firm mode adjusts randomization and daily drawdown limits for challenge accounts. It runs on MetaTrader 5 and works with any broker's XAUUSD or GOLD symbol.
Gold Reaper combines multiple breakout strategies, adaptive lot sizing, and layered risk controls into a single XAUUSD system for MetaTrader 5.
Gold Reaper runs up to 9 independent breakout strategies that can trade simultaneously or be selected manually, grouped into low risk (1-3), medium risk (4-7), and high risk (8-9) tiers. Auto mode lets the EA pick trade frequency based on your balance and risk tolerance, spreading entries across multiple XAUUSD support and resistance setups instead of relying on one signal.
Rather than using fixed pip distances that break down as gold's price and volatility shift over time, Gold Reaper's Variable Values engine automatically rescales entry, stop-loss, and take-profit levels to the current XAUUSD price. Combined with AdjustLotsizeToVariableValues, position sizing adjusts alongside SL/TP distance for consistent risk over the long term.
Every open trade is managed with HL_TrailingSL, an advanced high-low trailing stop, plus optional trailing take-profit. A configurable Fake Breakout Filter (Off, Medium, or High) adds a confirmation layer before entries, reducing the number of trades taken on breakouts that reverse immediately after triggering.
An integrated Non-Farm Payroll filter uses the MQL5 economic calendar with AutoGMT detection to automatically close open trades and delete pending orders ahead of NFP releases, then resumes trading a configurable number of minutes afterward. This helps XAUUSD positions avoid the extreme spread widening and slippage common around the release.
A dedicated set of prop firm parameters lets you adjust entry, stop-loss, take-profit, trailing, and break-even levels independently from your personal account settings, alongside a Set Max Daily Drawdown control and higher randomization on entries and exits, aimed at helping trades stay within common challenge rules.
Weighted Lotsize distributes risk evenly across whichever strategies are active, while the Max Allowed Total Drawdown method calculates position size from your account balance and chosen risk percentage. An OnlyUp setting prevents lot size from shrinking after a losing stretch, and CheckMargin verifies available margin before every new trade.
Gold Reaper adapts from fully automated set-and-forget operation to granular manual strategy selection, depending on how hands-on you want to be.
You have never run an EA before and don't want to learn candlestick patterns or manually calculate lot sizes. Attach Gold Reaper to an XAUUSD H1 chart, set TradeFrequency to Auto, choose a Max Allowed Total Drawdown percentage, and the EA handles strategy selection and position sizing from there. Setup typically takes under 10 minutes with the Quick Start settings from the manual.
You already trade XAUUSD yourself but can't watch every breakout across the trading day. Gold Reaper runs independently in the background on its own magic number, scanning for setups you might miss during London and New York sessions, while the NFP filter keeps it out of your way during major news releases you'd rather trade manually.
You need an XAUUSD strategy that respects daily and total drawdown limits without manual babysitting. The Prop Firm Unique Trade Settings, Set Max Daily Drawdown control, and higher randomization option are built specifically to help keep trade behavior within typical two-phase challenge rules, using Profalgo's dedicated prop firm set file as a starting point.
You want granular control over strategy selection instead of a black box. Gold Reaper exposes Run Strategy 1 through 9 individually, along with dozens of parameters covering trailing logic, spread limits, entry/exit randomization, and lot calculation methods, letting you disable Auto mode and manually combine only the strategies that match your own risk profile.
A quick look at the core mechanics behind every Gold Reaper position.
Gold Reaper EA trades XAUUSD breakouts on H1 with up to 9 strategies, adaptive lot sizing, and no grid or martingale. Built by Profalgo LTD.
A step-by-step look at getting Gold Reaper running on your MetaTrader 5 account.
After buying Gold Reaper from Profalgo LTD, you receive the EA files along with the full product manual. A direct purchase requires copying the .ex5 file into your MetaTrader 5 Experts folder.
Restart MT5 after copying the files, then open a fresh XAUUSD or GOLD chart on the H1 timeframe, matching your broker's exact symbol name. Add the four required URLs (worldtimeserver.com, forexeasolutions.com, tradewithwim.com, and nfs.faireconomy.media) under Tools > Options > Expert Advisors so the NFP filter and AutoGMT functions can connect.
Drag Gold Reaper onto the XAUUSD H1 chart, enable Allow Live Trading, and set TradeFrequency to Auto for most users. Choose Max Allowed Total Drawdown as your lot sizing method and pick a percentage that matches your risk tolerance, typically 10-30% for standard accounts or a lower figure for prop firm challenges.
Turn on UseVariableValues, AdjustLotsizeToVariableValues, Weighted Lotsize, EnableNFP_Filter, and UseHL_TrailingSL as recommended in the Quick Start Setup. Leave the Fake Breakout Filter on Medium unless you have a specific reason to disable it, then confirm AutoTrading is enabled on the MT5 toolbar.
Once configured, Gold Reaper monitors XAUUSD continuously for breakout setups across its active strategies, opening and managing trades without further input. A VPS is strongly recommended here so the EA keeps running 24/5 without interruptions from your local computer going offline.
Check the real-time information panel on the chart periodically to track open positions and recent performance. If you're running a prop firm challenge, switch to the dedicated Prop Firm set file and adjust the daily drawdown limit and randomization settings to match your specific firm's rules.
Gold Reaper is a breakout system built exclusively for XAUUSD on the H1 timeframe. Instead of relying on a single entry model, it runs up to 9 internal strategies that can work independently or together, each scanning for high-probability breakouts of key support and resistance levels across different lookback windows. When gold pushes through a level with conviction, one of the systems opens a trade with a fixed stop-loss, take-profit, and dynamic trailing stop/take-profit attached. When price is ranging or the breakout looks weak, the EA simply stays flat. There is no grid, no martingale, and no position averaging anywhere in the logic. Lot sizing is calculated automatically from your account balance and a Max Allowed Drawdown setting you choose, and a feature called Variable Values keeps every entry, stop, and target recalibrated to the current gold price rather than fixed pip distances. A built-in NFP filter with MQL5 Calendar support pauses trading around Non-Farm Payroll releases, and a dedicated Prop Firm mode adjusts randomization and daily drawdown limits for challenge accounts. It runs on MetaTrader 5 and works with any broker's XAUUSD or GOLD symbol.
Gold Reaper combines multiple breakout strategies, adaptive lot sizing, and layered risk controls into a single XAUUSD system for MetaTrader 5.
Gold Reaper runs up to 9 independent breakout strategies that can trade simultaneously or be selected manually, grouped into low risk (1-3), medium risk (4-7), and high risk (8-9) tiers. Auto mode lets the EA pick trade frequency based on your balance and risk tolerance, spreading entries across multiple XAUUSD support and resistance setups instead of relying on one signal.
Rather than using fixed pip distances that break down as gold's price and volatility shift over time, Gold Reaper's Variable Values engine automatically rescales entry, stop-loss, and take-profit levels to the current XAUUSD price. Combined with AdjustLotsizeToVariableValues, position sizing adjusts alongside SL/TP distance for consistent risk over the long term.
Every open trade is managed with HL_TrailingSL, an advanced high-low trailing stop, plus optional trailing take-profit. A configurable Fake Breakout Filter (Off, Medium, or High) adds a confirmation layer before entries, reducing the number of trades taken on breakouts that reverse immediately after triggering.
An integrated Non-Farm Payroll filter uses the MQL5 economic calendar with AutoGMT detection to automatically close open trades and delete pending orders ahead of NFP releases, then resumes trading a configurable number of minutes afterward. This helps XAUUSD positions avoid the extreme spread widening and slippage common around the release.
A dedicated set of prop firm parameters lets you adjust entry, stop-loss, take-profit, trailing, and break-even levels independently from your personal account settings, alongside a Set Max Daily Drawdown control and higher randomization on entries and exits, aimed at helping trades stay within common challenge rules.
Weighted Lotsize distributes risk evenly across whichever strategies are active, while the Max Allowed Total Drawdown method calculates position size from your account balance and chosen risk percentage. An OnlyUp setting prevents lot size from shrinking after a losing stretch, and CheckMargin verifies available margin before every new trade.
Gold Reaper adapts from fully automated set-and-forget operation to granular manual strategy selection, depending on how hands-on you want to be.
You have never run an EA before and don't want to learn candlestick patterns or manually calculate lot sizes. Attach Gold Reaper to an XAUUSD H1 chart, set TradeFrequency to Auto, choose a Max Allowed Total Drawdown percentage, and the EA handles strategy selection and position sizing from there. Setup typically takes under 10 minutes with the Quick Start settings from the manual.
You already trade XAUUSD yourself but can't watch every breakout across the trading day. Gold Reaper runs independently in the background on its own magic number, scanning for setups you might miss during London and New York sessions, while the NFP filter keeps it out of your way during major news releases you'd rather trade manually.
You need an XAUUSD strategy that respects daily and total drawdown limits without manual babysitting. The Prop Firm Unique Trade Settings, Set Max Daily Drawdown control, and higher randomization option are built specifically to help keep trade behavior within typical two-phase challenge rules, using Profalgo's dedicated prop firm set file as a starting point.
You want granular control over strategy selection instead of a black box. Gold Reaper exposes Run Strategy 1 through 9 individually, along with dozens of parameters covering trailing logic, spread limits, entry/exit randomization, and lot calculation methods, letting you disable Auto mode and manually combine only the strategies that match your own risk profile.
A quick look at the core mechanics behind every Gold Reaper position.
Every trade uses fixed stop-loss and take-profit levels with no position averaging or lot multiplication after losses.
Up to 9 internal strategies run in Auto mode or can be selected individually, grouped by low, medium, and high risk.
Closes trades and pauses new entries automatically around Non-Farm Payroll releases using the MQL5 calendar.
Daily and total drawdown controls plus unique trade settings are designed for funded challenge accounts.
Auto lot sizing scales to small accounts starting at $600, up to large prop-firm challenge balances.
Figures below are drawn from a live MetaTrader 5 trading history report covering closed XAUUSD positions from late October 2025 through the end of June 2026. Past results on any single account do not guarantee future performance, and figures should be verified against the latest published track record before you commit capital.
Closed positions recorded on a live verified account between March 2026 and June 2026
Share of closed trades that finished in profit over the recorded live trading period
Profit factor (gross profit divided by gross loss) on the live trading account history
Maximum recorded balance drawdown on the reviewed live trading account
Independent internal breakout strategies available in Auto or manual selection mode
A breakdown of what separates Gold Reaper from generic XAUUSD scalpers and grid-based gold robots.
Every position carries a predefined stop-loss, take-profit, and trailing logic from the moment it opens. There's no lot multiplication after losses and no unlimited averaging, which keeps maximum risk on any single trade calculable in advance rather than open-ended.
The Variable Values system continuously recalculates entry, stop, and target distances against the live XAUUSD price rather than using static pip values, which helps keep the EA's risk parameters realistic as gold's price level and typical daily range change over months and years.
Dedicated Prop Firm Unique Trade Settings, a Set Max Daily Drawdown control, and higher randomization on entries and exits give challenge traders extra tools to help stay within common two-phase evaluation limits, backed by a Profalgo-provided prop firm set file.
Rather than depending on one entry model, up to 9 breakout strategies grouped by risk level can run together in Auto mode, spreading signal generation across different lookback windows so a single failed setup type doesn't define the account's performance.
Profalgo LTD provides regular free updates, a private Discord community, and direct email support, plus custom .set file guidance, which matters for an EA that depends on staying compatible with evolving MetaTrader 5 builds and shifting gold market conditions.
Every input parameter, from NFP filter timing to lot sizing methods, is documented in the official product manual rather than left as unexplained defaults, making it possible to understand exactly what each setting changes before adjusting it.
Independent video reviews walk through Gold Reaper's installation, settings panel, and live chart behavior on XAUUSD H1, alongside the official Profalgo product manual covering every input parameter in detail.
Answers pulled directly from the official Gold Reaper product manual, covering setup, risk management, and prop-firm compatibility.
Gold Reaper trades exclusively XAUUSD (spot gold) on the H1 (1-hour) timeframe, and the manual instructs you to open an XAUUSD H1 chart specifically before attaching the EA. It automatically detects your broker's exact symbol name, whether that's XAUUSD, GOLD, or a variant with a suffix, so you don't need to manually match naming conventions. All 9 internal breakout strategies are calibrated for gold's volatility and typical daily range on this timeframe, and running the EA on other symbols or timeframes isn't supported by the vendor's settings or documentation.
No. The product manual explicitly states Gold Reaper uses no grid, no martingale, and no dangerous averaging methods. Every trade opens with a fixed stop-loss and take-profit, plus dynamic trailing stop-loss and trailing take-profit as the trade moves favorably. Lot sizing is calculated once per trade from your account balance and chosen Max Allowed Total Drawdown percentage rather than increasing after a loss, which keeps maximum theoretical risk per trade bounded and calculable in advance instead of open-ended.
Profalgo lists a $600 minimum account balance in the official manual, with the EA's automatic lot sizing adapting position size to whatever balance and Max Allowed Drawdown percentage you configure. That said, $600 represents a floor rather than an ideal starting point; smaller accounts have less room to absorb the 8.38% maximum drawdown seen in the reviewed live history without meaningfully affecting lot sizing flexibility. Larger balances, particularly for prop-firm challenge accounts, give the Weighted Lotsize and OnlyUp settings more room to operate as intended.
Yes. The manual includes a dedicated Quick Start Setup section listing exactly which settings to enable for most users: TradeFrequency = Auto, Lotsize method = Max Allowed Total Drawdown, Weighted Lotsize = true, UseVariableValues = true, and the NFP filter enabled. Following these defaults gets a working configuration running without needing to understand each of the 9 individual strategies. Beginners should still take time to read the risk management section and test on a demo account, since the manual itself recommends this before going live.
The manual states a VPS is strongly recommended for continuous 24/5 operation, though it isn't strictly mandatory. Since Gold Reaper manages open positions with dynamic HL_TrailingSL and time-sensitive NFP filtering, a dropped connection on your home computer could leave a trade without proper trailing management during a fast XAUUSD move. VPS hosting typically runs $15-30 per month and many brokers offer discounted or free VPS access if you maintain a minimum account balance, which is worth checking before paying separately.
Yes, the EA includes settings built specifically for this. A Set Max Daily Drawdown parameter, a full set of Prop Firm Unique Trade Settings for adjusting entry, SL, TP, and trailing levels independently, and a higher recommended Randomization value are all documented for prop-firm use, along with a dedicated Prop Firm set file from Profalgo. Rules vary significantly between firms, though, so always confirm your specific challenge allows EAs and check any restrictions on lot sizing, news trading, or maximum daily loss before running it on a funded evaluation.
Yes, extensively. Beyond the Auto mode, you can individually enable or disable each of the 9 strategies (grouped as low, medium, and high risk), switch lot sizing methods, adjust the Fake Breakout Filter sensitivity, set a Friday stop hour, and fine-tune NFP filter timing including minutes before and after the release. The manual notes one important restriction: manual strategy selection should not be combined with the Max Allowed Total Drawdown lot sizing method, since the two are designed to work separately.
Most single-strategy gold EAs rely on one entry model working across all market conditions, while Gold Reaper spreads signal generation across up to 9 independent breakout strategies grouped by risk level, so a weak stretch for one strategy type doesn't define the whole account. Compared to manual XAUUSD trading, it removes the need to monitor multiple timeframes for breakout confirmation yourself, though it also can't adapt to discretionary judgment the way an experienced manual trader might during unusual news-driven volatility.
Profalgo LTD states that regular free updates are included with every purchase, delivered through the same channel you originally purchased from. Support is available via email ([email protected]), and a private Discord community, and the vendor also provides custom .set files on request, which is relevant since MetaTrader platform changes and shifting gold volatility periodically require parameter adjustments.
Gold Reaper is priced at $849 as a one-time payment, which includes the EA files, the full product manual, lifetime free updates, and access to Profalgo's support channels. There's no recurring subscription fee. As with any EA purchase, confirm exactly how many account activations are included with your license before buying, since this can vary by purchase channel.
The manual recommends a low-spread ECN broker for gold specifically, since XAUUSD spreads and slippage vary considerably between brokers and directly affect a breakout strategy's results. The Max Allowed Spread parameter (default 500.0 in broker points) lets you set a hard ceiling so the EA skips entries when spread widens beyond your threshold, which is particularly relevant around news events or session transitions when gold spreads can spike.
In the live trading history reviewed for this page, the account recorded a maximum balance drawdown of 8.38% (503.65 in account currency) over roughly eight months of trading, though your own results will depend on the Max Allowed Total Drawdown percentage you configure, which strategies are active, and overall XAUUSD volatility during your trading period. The manual lets you set this ceiling directly, with 10-30% cited as a typical range for standard (non prop-firm) accounts.
The manual doesn't explicitly restrict this, and Gold Reaper uses a configurable Base Magicnumber (default 8000) specifically so its trades can be distinguished from other EAs' positions on the same account. If running alongside other systems, make sure they're trading different symbols or that combined position sizing and margin usage stay within your account's risk tolerance, since MetaTrader itself won't prevent two EAs from both trading XAUUSD simultaneously.
Best suited for: Hands-off gold traders wanting automation without constant chart time. Gold Reaper's Auto mode and Quick Start settings let you get a working configuration running in minutes, with the EA handling breakout detection and lot sizing on its own. Prop firm challenge participants. The dedicated Prop Firm Unique Trade Settings, Set Max Daily Drawdown control, and randomization options are built specifically to work within common two-phase evaluation rules, though you should always confirm compatibility with your specific firm before running it live. Traders who want risk spread across multiple setups rather than one signal type. With up to 9 strategies grouped by risk tier, Gold Reaper isn't dependent on a single breakout model working in every market condition. Intermediate to advanced traders who want manual control when they need it. The full parameter set, including individual strategy toggles and prop firm adjustments, gives experienced users room to customize beyond the Auto defaults. Traders with at least $600 and access to a VPS. The EA's lot sizing scales from small accounts up through larger prop-firm balances, but consistent uptime matters for an EA managing trailing stops on live positions. Not recommended for: Traders wanting a fixed, unchanging strategy. Because Variable Values continuously adapts entries and exits to the current gold price, behavior will shift as XAUUSD's price level changes over time. Accounts under $600, or accounts without VPS hosting. Small balances limit how the automatic lot sizing can operate, and running from a personal computer risks missed trade management if the connection drops. Traders who want a single, simple entry signal to backtest by hand. With 9 possible strategies and manual selection options, understanding what triggered any individual trade takes more study than a single-strategy EA. Anyone expecting guaranteed monthly returns. The live trading history shown on this page reflects one account over one period; markets change, and past XAUUSD performance does not guarantee similar results going forward. Traders who specifically want grid or martingale-style recovery mechanics. Gold Reaper's manual explicitly avoids these methods in favor of fixed stop-loss risk on every trade.
Every trade uses fixed stop-loss and take-profit levels with no position averaging or lot multiplication after losses.
Up to 9 internal strategies run in Auto mode or can be selected individually, grouped by low, medium, and high risk.
Closes trades and pauses new entries automatically around Non-Farm Payroll releases using the MQL5 calendar.
Daily and total drawdown controls plus unique trade settings are designed for funded challenge accounts.
Auto lot sizing scales to small accounts starting at $600, up to large prop-firm challenge balances.
Figures below are drawn from a live MetaTrader 5 trading history report covering closed XAUUSD positions from late October 2025 through the end of June 2026. Past results on any single account do not guarantee future performance, and figures should be verified against the latest published track record before you commit capital.
Closed positions recorded on a live verified account between March 2026 and June 2026
Share of closed trades that finished in profit over the recorded live trading period
Profit factor (gross profit divided by gross loss) on the live trading account history
Maximum recorded balance drawdown on the reviewed live trading account
Independent internal breakout strategies available in Auto or manual selection mode
A breakdown of what separates Gold Reaper from generic XAUUSD scalpers and grid-based gold robots.
Every position carries a predefined stop-loss, take-profit, and trailing logic from the moment it opens. There's no lot multiplication after losses and no unlimited averaging, which keeps maximum risk on any single trade calculable in advance rather than open-ended.
The Variable Values system continuously recalculates entry, stop, and target distances against the live XAUUSD price rather than using static pip values, which helps keep the EA's risk parameters realistic as gold's price level and typical daily range change over months and years.
Dedicated Prop Firm Unique Trade Settings, a Set Max Daily Drawdown control, and higher randomization on entries and exits give challenge traders extra tools to help stay within common two-phase evaluation limits, backed by a Profalgo-provided prop firm set file.
Rather than depending on one entry model, up to 9 breakout strategies grouped by risk level can run together in Auto mode, spreading signal generation across different lookback windows so a single failed setup type doesn't define the account's performance.
Profalgo LTD provides regular free updates, a private Discord community, and direct email support, plus custom .set file guidance, which matters for an EA that depends on staying compatible with evolving MetaTrader 5 builds and shifting gold market conditions.
Every input parameter, from NFP filter timing to lot sizing methods, is documented in the official product manual rather than left as unexplained defaults, making it possible to understand exactly what each setting changes before adjusting it.
Independent video reviews walk through Gold Reaper's installation, settings panel, and live chart behavior on XAUUSD H1, alongside the official Profalgo product manual covering every input parameter in detail.
Answers pulled directly from the official Gold Reaper product manual, covering setup, risk management, and prop-firm compatibility.
Gold Reaper trades exclusively XAUUSD (spot gold) on the H1 (1-hour) timeframe, and the manual instructs you to open an XAUUSD H1 chart specifically before attaching the EA. It automatically detects your broker's exact symbol name, whether that's XAUUSD, GOLD, or a variant with a suffix, so you don't need to manually match naming conventions. All 9 internal breakout strategies are calibrated for gold's volatility and typical daily range on this timeframe, and running the EA on other symbols or timeframes isn't supported by the vendor's settings or documentation.
No. The product manual explicitly states Gold Reaper uses no grid, no martingale, and no dangerous averaging methods. Every trade opens with a fixed stop-loss and take-profit, plus dynamic trailing stop-loss and trailing take-profit as the trade moves favorably. Lot sizing is calculated once per trade from your account balance and chosen Max Allowed Total Drawdown percentage rather than increasing after a loss, which keeps maximum theoretical risk per trade bounded and calculable in advance instead of open-ended.
Profalgo lists a $600 minimum account balance in the official manual, with the EA's automatic lot sizing adapting position size to whatever balance and Max Allowed Drawdown percentage you configure. That said, $600 represents a floor rather than an ideal starting point; smaller accounts have less room to absorb the 8.38% maximum drawdown seen in the reviewed live history without meaningfully affecting lot sizing flexibility. Larger balances, particularly for prop-firm challenge accounts, give the Weighted Lotsize and OnlyUp settings more room to operate as intended.
Yes. The manual includes a dedicated Quick Start Setup section listing exactly which settings to enable for most users: TradeFrequency = Auto, Lotsize method = Max Allowed Total Drawdown, Weighted Lotsize = true, UseVariableValues = true, and the NFP filter enabled. Following these defaults gets a working configuration running without needing to understand each of the 9 individual strategies. Beginners should still take time to read the risk management section and test on a demo account, since the manual itself recommends this before going live.
The manual states a VPS is strongly recommended for continuous 24/5 operation, though it isn't strictly mandatory. Since Gold Reaper manages open positions with dynamic HL_TrailingSL and time-sensitive NFP filtering, a dropped connection on your home computer could leave a trade without proper trailing management during a fast XAUUSD move. VPS hosting typically runs $15-30 per month and many brokers offer discounted or free VPS access if you maintain a minimum account balance, which is worth checking before paying separately.
Yes, the EA includes settings built specifically for this. A Set Max Daily Drawdown parameter, a full set of Prop Firm Unique Trade Settings for adjusting entry, SL, TP, and trailing levels independently, and a higher recommended Randomization value are all documented for prop-firm use, along with a dedicated Prop Firm set file from Profalgo. Rules vary significantly between firms, though, so always confirm your specific challenge allows EAs and check any restrictions on lot sizing, news trading, or maximum daily loss before running it on a funded evaluation.
Yes, extensively. Beyond the Auto mode, you can individually enable or disable each of the 9 strategies (grouped as low, medium, and high risk), switch lot sizing methods, adjust the Fake Breakout Filter sensitivity, set a Friday stop hour, and fine-tune NFP filter timing including minutes before and after the release. The manual notes one important restriction: manual strategy selection should not be combined with the Max Allowed Total Drawdown lot sizing method, since the two are designed to work separately.
Most single-strategy gold EAs rely on one entry model working across all market conditions, while Gold Reaper spreads signal generation across up to 9 independent breakout strategies grouped by risk level, so a weak stretch for one strategy type doesn't define the whole account. Compared to manual XAUUSD trading, it removes the need to monitor multiple timeframes for breakout confirmation yourself, though it also can't adapt to discretionary judgment the way an experienced manual trader might during unusual news-driven volatility.
Profalgo LTD states that regular free updates are included with every purchase, delivered through the same channel you originally purchased from. Support is available via email ([email protected]), and a private Discord community, and the vendor also provides custom .set files on request, which is relevant since MetaTrader platform changes and shifting gold volatility periodically require parameter adjustments.
Gold Reaper is priced at $849 as a one-time payment, which includes the EA files, the full product manual, lifetime free updates, and access to Profalgo's support channels. There's no recurring subscription fee. As with any EA purchase, confirm exactly how many account activations are included with your license before buying, since this can vary by purchase channel.
The manual recommends a low-spread ECN broker for gold specifically, since XAUUSD spreads and slippage vary considerably between brokers and directly affect a breakout strategy's results. The Max Allowed Spread parameter (default 500.0 in broker points) lets you set a hard ceiling so the EA skips entries when spread widens beyond your threshold, which is particularly relevant around news events or session transitions when gold spreads can spike.
In the live trading history reviewed for this page, the account recorded a maximum balance drawdown of 8.38% (503.65 in account currency) over roughly eight months of trading, though your own results will depend on the Max Allowed Total Drawdown percentage you configure, which strategies are active, and overall XAUUSD volatility during your trading period. The manual lets you set this ceiling directly, with 10-30% cited as a typical range for standard (non prop-firm) accounts.
The manual doesn't explicitly restrict this, and Gold Reaper uses a configurable Base Magicnumber (default 8000) specifically so its trades can be distinguished from other EAs' positions on the same account. If running alongside other systems, make sure they're trading different symbols or that combined position sizing and margin usage stay within your account's risk tolerance, since MetaTrader itself won't prevent two EAs from both trading XAUUSD simultaneously.
Best suited for: Hands-off gold traders wanting automation without constant chart time. Gold Reaper's Auto mode and Quick Start settings let you get a working configuration running in minutes, with the EA handling breakout detection and lot sizing on its own. Prop firm challenge participants. The dedicated Prop Firm Unique Trade Settings, Set Max Daily Drawdown control, and randomization options are built specifically to work within common two-phase evaluation rules, though you should always confirm compatibility with your specific firm before running it live. Traders who want risk spread across multiple setups rather than one signal type. With up to 9 strategies grouped by risk tier, Gold Reaper isn't dependent on a single breakout model working in every market condition. Intermediate to advanced traders who want manual control when they need it. The full parameter set, including individual strategy toggles and prop firm adjustments, gives experienced users room to customize beyond the Auto defaults. Traders with at least $600 and access to a VPS. The EA's lot sizing scales from small accounts up through larger prop-firm balances, but consistent uptime matters for an EA managing trailing stops on live positions. Not recommended for: Traders wanting a fixed, unchanging strategy. Because Variable Values continuously adapts entries and exits to the current gold price, behavior will shift as XAUUSD's price level changes over time. Accounts under $600, or accounts without VPS hosting. Small balances limit how the automatic lot sizing can operate, and running from a personal computer risks missed trade management if the connection drops. Traders who want a single, simple entry signal to backtest by hand. With 9 possible strategies and manual selection options, understanding what triggered any individual trade takes more study than a single-strategy EA. Anyone expecting guaranteed monthly returns. The live trading history shown on this page reflects one account over one period; markets change, and past XAUUSD performance does not guarantee similar results going forward. Traders who specifically want grid or martingale-style recovery mechanics. Gold Reaper's manual explicitly avoids these methods in favor of fixed stop-loss risk on every trade.
