The Gold Reaper MT5
Version4.6updated
The Gold Reaper MT5 is a gold Expert Advisor for MetaTrader 5, published by Profalgo Limited. Its linked live signal covers 855 trades in 22 months, at a profit factor of 2.32 and a win rate of 72.16%. A win and a loss are close to the same size.
- 855 trades on the linked live signal
- 97 weeks of recorded history
- Tracked on an account opened with 1602.85 USD
- Minimum deposit stated as $600
- Around 79 copies sold a month
The Gold Reaper MT5 signal at a glance
The three panels from the MQL5 signal page, with the figures as published there. The drawdown on the radar is the marketplace's equity figure; the balance figure this site measures is lower and appears further down.
growth since 2024
304%
CapitalPointTrading-MT5-41:500
Transcribed from MQL5 live signal 2265877, statistics as published on the signal page. See the signal page ↗
- Total return
- +298.9%
- Max drawdown
- 16.8%
- Profit factor
- 2.33
- Win rate
- 71.8%
- Recovery factor
- 14.27
- Sharpe
- 3.24
Computed from MQL5 live signal 2265877, statistics as published on the signal page. See the source ↗
The Gold Reaper MT5 Kept Score
Four measured quarters out of 100. Every input is a figure printed elsewhere on this page, read against a band that is the same for every product on the site.
70
out of 100
from trade history
- Evidence24 / 25
855 trades over 22 months
against 0 at the floor, 24 months at full, and 0 at the floor, 500 trades at full
- Risk control20.8 / 25
16.78% worst drawdown
against 0–100% below the running peak
- Consistency16.6 / 25
2.33 profit factor
against 1.0 at the centre, 3.0 at the rim
- Return on risk25 / 25
14.27× recovery factor
against 0 at the centre, 10× at the rim
- Grid / basket positions−12
- Unbounded losses−4
How the Kept Score is worked out, and every product scored →
The Gold Reaper MT5 screenshots
8 images from the seller's listing, shown as published. Nothing on them has been measured by this site — the figures elsewhere on this page are the check.
Images © the seller, served from the marketplace. See the original listing ↗
The Gold Reaper MT5 live signal record
Account growth
855 closed trades from 29 Oct 2024 to 2 Sept 2026.
The shape of the record
Six measures on fixed scales — the same scales for every product on this site.
- Winning trades0–100% of closed trades
- Losing trades0–100% of closed trades
- Maximum drawdown0–100% below the running peak
- Profit factor1.0 at the centre, 3.0 at the rim
- Recovery factor0 at the centre, 10× at the rim
- Profitable months0–100% of months in the record
Where the balance came from
Trading profit against the money paid into and taken out of the account.
Time spent below the previous peak
Deepest fall 16.8%, over 54 days.
Result by month
83.3% of months finished up.
Download
Download and pricing
The Gold Reaper MT5 free download
There is a free download, and it is the demo MQL5 hosts on the listing itself. It is the full algorithm, restricted to the MetaTrader 5 Strategy Tester — you can backtest it on your own broker's history for nothing. What it cannot do is trade a live or demo account. That needs the paid version.
Free demo
$0
- Runs in the MetaTrader 5 Strategy Tester
- Backtest on your own broker's price history
- Cannot trade a live or demo account
- Downloaded 29,533 times
Full version
$949
- Trades live and demo accounts
- 10 activations per licence
- Bought from the seller, not from us
- We take no payment and hold no stock
Both links go to the seller's own listing. We do not host, sell or distribute this software, and we do not have a copy of it. Anything offering a paid Expert Advisor as a free live download is pirated, unsupported, and a common way to get a trading account drained by a modified build.
What The Gold Reaper MT5's record shows
Grid / basket positions
Up to 13 positions were held on XAUUSD at the same time. Baskets like this share one adverse move, so the account's real exposure is the whole ladder rather than any single trade.
How this was measured
- Peak simultaneous positions
- 13
- Symbol
- XAUUSD
- Measured from
- overlapping open/close times
Unbounded losses
The worst loss is 15.6× the typical one. Losses that fan out like this are the signature of a strategy with no fixed stop, though the export has no stop-loss column to confirm it directly.
How this was measured
- Worst vs typical loss
- 15.6×
- Typical loss
- 5.39
- Worst loss
- 84.1
- Source
- inferred from loss distribution — no stop-loss column present
How The Gold Reaper MT5 trades
Read off the record rather than the sales page: how long it holds, which way it leans, and what market the figures actually describe.
How long it stays in
Positions last 4.0 h on average, which makes this an intraday system whatever the listing calls it. Holding time decides how much the spread costs you and how much overnight risk you are carrying.
Which way it trades
Its 862 trades split 63.3% long to 36.7% short, so the result does not rest on the market having gone one way.
Built around one market
Everything here is XAUUSD. A single-market record says nothing about how it behaves anywhere else, so read every figure below as being about XAUUSD alone.
Where the money came from
The same totals the listing publishes, divided into the numbers that say whether an edge is real and whether it would survive being run on a different account.
Money won against money lost
It won $8,049 and lost $3,452, a profit factor of 2.33. For every $1.00 it handed back it took $2.33 in gross profit.
Where the edge comes from
It wins 71.8% of the time, but its average win is only 0.9× its average loss. The edge is frequency, not size — it needs about 52% of trades to win simply to break even.
What one trade is worth
Averaged over 862 trades, each returned $5.33 on an account that opened at $1,603. That is the figure to multiply by your own trade count — not the headline growth.
Growth, per month
+298.9% total over 22 months compounds to +6.5% a month. The monthly rate is the comparable number: a total says as much about how long an account ran as about how well it traded.
What could go wrong with The Gold Reaper MT5
Every figure here is already in the record. These are the parts of it a summary table averages away.
Two drawdowns, not one
Closed-trade drawdown reached 16.9% against 7.2% on equity. The larger figure is the one that counts: losing positions were carried rather than cut, and an account too small to sit through that gets closed out first.
The worst single trade
Its worst trade lost $83.99, 5.8× the average loss of $14.44. The account grew 3.8× over the record, which accounts for most of that spread — adjusted for it the worst loss is 1.5× the average. Adjusted, the losses cluster rather than fan out, which is the shape a stop produces.
Its longest cold spell
It lost 9 trades in a row at some point. At the average loss that is about $130, or 8.1% of the $1,603 the account opened with. Assume it happens again, and ask whether you would still be running it on the far side.
Profit against the worst dip
It made 14.3× its deepest drawdown in total profit. Above one means the record has more than covered its own worst stretch.
What The Gold Reaper MT5 needs from your account
Cost and account size, against the drawdown this record already produced.
What the minimum really means
The listing asks for $600 minimum. At the 16.8% drawdown this record already produced, an account that size would have been $101 down at the worst point — on the tracked account, at its settings. Yours will differ.
The licence against the account
At $949, the licence costs 158.2% of the $600 minimum deposit it asks for. Bought at that minimum, the software costs more than the account it trades, and the trading has to clear that before it clears anything else.
The account these figures came from
Every figure above comes from one account that opened with $1,615 at CapitalPointTrading-MT5-4. A different size, a different broker or different settings is a different result.
What buyers say
Counted from the reviews MQL5 publishes on the listing. We count the subjects raised and the ratings given; we do not reprint the reviews.
What the marketplace scores it
4.48 out of 5 from 111 reviews on MQL5. That is a rating of the purchase — the seller, the support, the documentation — and only indirectly of the trading.
The rating, split three ways
MQL5 scores it 4.40 on description, 4.30 on reliability and usability, and 4.50 on support. Buyers rate reliability and usability lowest, which is the part the headline number averages away.
What buyers actually write about
Across the 20 most recent reviews, losses and drawdown comes up most often — 5 of them mention it. Losses and drawdown is the subject appearing most in the negative ones.
How the recent ones split
Of the 20 reviews the listing serves, 14 rate it four stars or better and 3 rate it two and a half or worse. This is the most recent page rather than every review ever left, which means it describes the version on sale now.
Who maintains it
How recently it was touched, how long it has been sold, and what the marketplace record says about the seller.
Whether anyone is still working on it
Version 4.6, last updated 19 May 2026 — about 4 months ago. A system still being touched is one whose author is still answering for it.
How long it has been on sale
Listed since 1 Feb 2024, about 31 months. Long enough to have traded through more than one kind of market.
Who is behind it
MQL5 gives Profalgo Limited its badges for “Sold more than 10,000 products”, “More than 1,000 signal subscriptions”. Those count marketplace volume, not trading results — a seller can move a great many copies of something that loses money.
The Gold Reaper MT5 vs ThunderGold Scalper vs Cortex IDX
How The Gold Reaper MT5 stands against two other measured tools on the site, on the ratios that do not depend on account size. Every figure is computed from that product's own record; the marker shows which leads on each measure.
- Profit factorEverything won divided by everything lost
- 2.33
- 1.67
- 5.08▲
- Payoff ratioAverage win divided by average loss
- 0.91▲
- 0.65
- 0.27
- Max drawdownDeepest fall from a previous high
- 16.8%
- 12.2%▲
- 16.7%
- Recovery factorNet profit per unit of worst fall
- 14.27▲
- 3.71
- 2.73
- Growth per monthTotal growth compounded to a monthly rate
- 6.46%
- 16.92%
- 22.80%▲
- Win rateNot scored — a high win rate is only good if the payoff supports it
- 71.8%
- 71.5%
- 95.0%
No single product leads: the wins are shared across the measures that could be decided. The full comparison lists what the records do not share.
The Gold Reaper MT5: common questions
The four things people search for about this product, answered from the record rather than from the sales page.
Is there a The Gold Reaper MT5 free download?
Yes — a free demo. The Gold Reaper MT5 is sold on the MQL5 Market, and every listing there carries a demo you can download at no cost. It is the full algorithm limited to the MetaTrader 5 Strategy Tester, so you can backtest it on your own broker history for nothing, but it will not trade a live or demo account. The full version is $949. MQL5 records 29,533 downloads of it. Anything advertising the paid version as a free live download is a pirated build — usually modified, always unsupported, and a common way to lose an account.
Does The Gold Reaper MT5 have a live signal?
Yes. The Gold Reaper MT5 publishes a live signal on MQL5 covering 855 trades over about 22 months, and MQL5 verifies it from the broker's own trade feed rather than from the seller. It shows 6.5% a month compounded, a deepest fall of 16.8% and a profit factor of 2.33. Every figure on this page is recomputed from that record, and the page links it so you can check the arithmetic yourself.
Is there a The Gold Reaper MT5 backtest?
Not one from us, and deliberately. A backtest is run by whoever is selling the product, on history and settings they choose, and it can be tuned until it looks good — which is why a flawless backtest and a poor live record so often sit on the same page. Instead this page measures 855 real trades over about 22 months of forward results, which is stronger evidence than any backtest: nobody can re-run it until it looks good. If you want a backtest, run your own: the free MetaTrader 5 demo does exactly that on your own broker's spreads, which is the only backtest whose assumptions you control.
Is there a The Gold Reaper MT5 Myfxbook review?
Not that we can verify. The Gold Reaper MT5 is not tracked on Myfxbook, and we will not point at a third-party page we cannot confirm belongs to this product — a name match is not proof. Its verified record is the MQL5 signal linked on this page, which serves the same purpose: an independent platform reading the broker's trade feed directly rather than taking the seller's word for it. Reviews on the MQL5 listing itself rate the purchase — the seller, the support, the documentation — rather than the trading, which is what the measured figures on this page are for.
The Gold Reaper MT5 specification
- Platform
- MetaTrader 5
- Type
- Expert Advisor
- Author
- Profalgo Limited
- Symbols
- XAUUSD
- Timeframes
- H1
- Version
- 4.6
- Published
- 1 Feb 2024
- Last updated
- 19 May 2026
- Minimum deposit
- $600
- Tracked account
- CapitalPointTrading-MT5-4 · 1:500
- Opening deposit
- $1,603
- Current balance
- $6,100
- Record length
- 98 weeks (22.6 months)
- Max drawdown by equity
- 7.18% · $116
- Max drawdown by balance
- 16.89% · $319
- Worst losing streak
- 9 trades
- Trades analysed
- 862
- Average hold
- 4.0 h
- Expected payoff
- $5 per trade
- Sharpe (as published)
- 0.23
- History measured
- 29 Oct 2024 – 2 Sept 2026
- Trades analysed
- 855
- Opening balance
- $1,615
- Data source
- MQL5 live signal 2265877, statistics as published on the signal page