The Gold Reaper MT5 V5.6
Listing updated
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.
Two records, counted differently. The published record shows 914 trades against the 855 closed trades in the file; and a profit factor of 2.09 against 2.33. The figures on this page are the first of each pair — the published record, which is what the seller's own signal page reports. The second is what the trade history we hold works out to, and it is the file the charts below are drawn from. Neither is wrong: they count different things, and a signal page moves between one reading and the next.
- 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 the marketplace itself plots. Its drawdown axis is the relative drawdown by balance — the same measure this site computes from the trade history further down. The equity figure, which counts floating losses on positions still open, is a different number and is printed beside it in the specification.
growth since 2024
340%
CapitalPointTrading-MT5-41:500
Transcribed from MQL5 live signal 2265877, statistics as published on the signal page. See the signal page ↗
- Growth
- +340.0%
- $5,142 on $1,603no fixed scale
- Max drawdown
- 16.9%
- $319 · by balance0–100% below the running peak
- Profit factor
- 2.09
- gross win ÷ gross loss1.0 at the centre, 3.0 at the rim
- Win rate
- 71.5%
- 654 of 914 trades0–100% of closed trades
- Payoff ratio
- 0.83
- average win ÷ average loss0 at the centre, 3.0 at the rim
- Recovery factor
- 16.10
- net profit ÷ worst fall0 at the centre, 10× at the rim
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.
84
out of 100
from published statistics
- Evidence25 / 25
914 trades over 24 months
against 0 at the floor, 24 months at full, and 0 at the floor, 500 trades at full
- Risk control20.8 / 25
16.89% worst drawdown
against 0–100% below the running peak
- Consistency13.6 / 25
2.09 profit factor
against 1.0 at the centre, 3.0 at the rim
- Return on risk25 / 25
16.1× recovery factor
against 0 at the centre, 10× at the rim
How the Kept Score is worked out, and every product scored →
Our read on The Gold Reaper MT5
What the record above actually shows, and who it suits. Written by us, about these figures — not repeated from the seller.
The Gold Reaper’s profit factor is 2.33 — unremarkable — and its record runs 100 weeks. Those two facts belong together. A ratio measured across 855 trades and nearly two years has had time to meet bad conditions and absorb them; a ratio of 26 across twenty weeks has not. If you are choosing between this page and Nova Range EA, that is the real trade-off, and it does not favour the bigger number.
Its drawdowns run the right way round. Closed trades show 16.89% ($319) against 7.18% ($116) on equity — the realised figure is the deeper one, which means losses were taken rather than left open to recover. TwisterPro Scalper and De Moore show the same shape. Size against the 16.9%: it is the honest worst case, and it is a real one.
The cost of that discipline shows in the worst losing streak — nine trades. On four-hour holds on gold, nine consecutive losses is most of a week of being wrong, and every one of them lands in the balance where you can see it.
$1,603 opened the account, $100 has been withdrawn, and it stands at $6,182: +298.9% over 23 months, about +6.2% a month. It sells briskly too, at roughly 79 copies a month — worth knowing, but not evidence of anything the record does not already show.
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 on the product's own MQL5 listing — not a build from somewhere else. The two columns below are what separates it from the paid version. What the demo can and cannot do.
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 36,534 times
Full version — from us
$29.99save 97%
- Trades live and demo accounts
- 10 activations per licence
$949on the MQL5 Market- Licensed by the seller — the same build
The demo link goes to the seller's own MQL5 listing, where the free demo is hosted. The paid version is sold by us under licence — it is the seller's build, not a copy or a repack, and the MQL5 listing is linked above so you can compare the two before you buy. Anything offering a paid Expert Advisor as a freelive 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 914 trades split 60.2% long to 39.8% 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 $9,857 and lost $4,714, a profit factor of 2.09. For every $1.00 it handed back it took $2.09 in gross profit.
Where the edge comes from
It wins 71.5% of the time, but its average win is only 0.8× its average loss. The edge is frequency, not size — it needs about 55% of trades to win simply to break even.
What one trade is worth
Averaged over 914 trades, each returned $5.63 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
+340.0% total over 24 months compounds to +6.3% 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
Drawdown reached 16.9% on closed trades against 7.2% on equity, so losses were taken as they came rather than parked out of sight — the shape a working stop produces. The realised run is the deeper of the two, so 16.9% is the figure to size against.
The worst single trade
Its worst trade lost $178.49, 9.8× the average loss of $18.13. The account grew 4.0× over the record, which accounts for most of that spread — adjusted for it the worst loss is 2.5× 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 $163, or 10.2% 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 16.1× 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 16.9% 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 $1,603 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
4.40 out of 5 from 121 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 4.30 on description, 4.30 on reliability and usability, and 4.40 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, seller support comes up most often — 8 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 5 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 5.6, last updated 28 Oct 2026 — within the last month. 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 33 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.
The Gold Reaper MT5 vs ThunderGold Scalper vs Iron Stops
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
- 2.09▲
- 1.67
- 1.76
- Payoff ratioAverage win divided by average loss
- 0.83▲
- 0.65
- 0.59
- Max drawdownDeepest fall from a previous high
- 16.9%
- 12.2%▲
- 33.4%
- Recovery factorNet profit per unit of worst fall
- 16.10▲
- 3.71
- 1.41
- Growth per monthTotal growth compounded to a monthly rate
- 6.32%
- 16.92%
- 104.69%▲
- Win rateNot scored — a high win rate is only good if the payoff supports it
- 71.5%
- 71.5%
- 75.0%
The Gold Reaper MT5 leads on 3 of the 5 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 free download of The Gold Reaper MT5?
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: the full algorithm, limited to the MetaTrader 5 Strategy Tester. The full version is $29.99 from us, against $949 on the MQL5 Market. MQL5 records 36,534 downloads of it.
What the demo can and cannot do, and how to spot a pirated buildDoes The Gold Reaper MT5 have a live signal?
Yes. The Gold Reaper MT5 publishes a live signal on MQL5 covering 914 trades over about 24 months, verified from the broker's own trade feed. It shows 6.3% a month compounded, a deepest fall of 16.9% and a profit factor of 2.09. Every figure here is recomputed from that record, which the page links.
What a verified record proves, and what a review does notIs there a backtest for The Gold Reaper MT5?
Not one from us, and deliberately: a backtest is run by whoever is selling the product, on settings they choose. Instead this page measures 914 real trades over about 24 months of forward results, which is stronger evidence than any backtest: nobody can re-run it until it looks good.
Why we publish no backtests — and how to run your own in MetaTrader 5Is there a Myfxbook review of The Gold Reaper MT5?
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 this page links.
Why a name match is not proof, and what a marketplace rating measuresIs The Gold Reaper MT5 profitable?
Over 914 trades and about 24 months, the tracked account grew 340.0%, which is 6.3% a month compounded. The deepest it fell on the way was 16.9%. That is one account, on its settings and its broker, over that period.
What pairs does The Gold Reaper MT5 trade?
One symbol: XAUUSD. A record on a single symbol says nothing about how it behaves on another, so treat results elsewhere as untested.
What timeframe does The Gold Reaper MT5 trade?
It holds a position for 4.0 h on average across the published record. That is intraday — positions are generally opened and closed within the day.
Does The Gold Reaper MT5 need a VPS?
It holds for 4.0 h on average, so latency matters less than uptime here. The terminal still has to be running when the strategy wants to act, which is the actual argument for a VPS at any hold time.
What deposit does The Gold Reaper MT5 need?
We do not publish a recommended deposit, because that is the seller's claim to make and ours to check. What the record shows is the account it was tracked on, which opened at $1,603. The deepest drawdown on that account was 16.9%, so an account too small to sit through the same fall in money terms would have been closed out before the record recovered.
Is The Gold Reaper MT5 safe to run on a live account?
Not in the sense the question usually means. The worst fall on the record was 16.9%. Our checks raised nothing on the record we hold, which is not the same as nothing to raise. Size against that fall, not against the average month.
Does The Gold Reaper MT5 work on MetaTrader 4?
No. This is the MetaTrader 5 build, and a build for one terminal does not run on the other. Any MetaTrader 4 version is a separate listing with its own record, and nothing measured here carries across to it.
The Gold Reaper MT5 specification
- Platform
- MetaTrader 5
- Type
- Expert Advisor
- Author
- Profalgo Limited
- Symbols
- XAUUSD
- Timeframes
- H1
- Version
- 5.6
- Published
- 1 Feb 2024
- Last updated
- 28 Oct 2026
- Minimum deposit
- $600
- Tracked account
- CapitalPointTrading-MT5-4 · 1:500
- Opening deposit
- $1,603
- Current balance
- $6,645
- Record length
- 105 weeks (24.2 months)
- Max drawdown by equity
- 7.18% · $116
- Max drawdown by balance
- 16.89% · $319
- Worst losing streak
- 9 trades
- Trades analysed
- 914
- Average hold
- 4.0 h
- Expected payoff
- $6 per trade
- Sharpe (as published)
- 0.21
- History measured
- 29 Oct 2024 – 2 Sept 2026
- Trades in the history file
- 855
- Opening balance
- $1,615
- Data source
- MQL5 live signal 2265877, statistics as published on the signal page
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