The Gold Reaper MT5

The Gold Reaper (by Profalgo Limited / Wim Schrynemakers) is a breakout EA built exclusively for XAUUSD gold: it enters on breakouts of significant support and resistance levels, runs primarily on H1 and can be attached to several timeframes at once.

How it works

• No grid, no martingale — the author explicitly rules out averaging-style risk management
• Every trade carries a stop loss and take profit, with trailing variants available
• Trade frequency and position size adjust automatically to account balance and your maximum drawdown setting, from conservative through to aggressive
• Built with prop firm accounts in mind, including randomisation options for compliance

Recommended setup

• Symbol: XAUUSD (gold)
• Timeframe: H1 (multi-timeframe capable)
• Minimum deposit: $600 as stated by the author
• A 24/5 VPS and a low-spread ECN/RAW account

Risk note: a breakout system will take a run of small stop-losses in ranging markets — that is normal behaviour, not a fault. Past performance does not indicate future results; forex and derivatives trading carries high risk, so trade only with money you can afford to lose. Digital goods are non-refundable once delivered.