The Gold Reaper: Free MT4/MT5 Expert Advisor

Overview

The Gold Reaper trades gold pairs using breakout and reversal entries based on fractals and ATR. Trades enter when spread and frequency conditions are met and exit via trailing stops or time-based rules. The EA includes NFP filters to pause during economic events, prop firm drawdown protection, and adjustable lot sizing with randomization. It supports hedging accounts and provides an info panel for monitoring performance during testing or live trading.

Multi-Strategy Breakout Entries

NFP Economic Filter

Trailing Stop Management

Prop Firm Compliance

Hedging Mode Support

Details

Author

naming1086 on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

Strategy

Breakout, Trend following, Scalping, Multi-strategy, Martingale, Grid, Hedging

Markets

Gold

Timeframes

Any timeframe

Risk Profile

Uses martingale lot scaling: losses can grow fast
Opens a grid of orders: exposure builds up in a trend
Holds opposite positions at once

EA Files

Source

github.com/naming1086/TheGoldReaperEA

Input Parameters

Read from The Gold Reaper English MT5.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`lijntje`	`string`	`============================================================`
`UseVariableValues`	`bool`	`true`
`AdjustLotsizeToVariableValues`	`bool`	`true`
`ShowInfoPanel`	`bool`	`true`
`UpdateInfoTesting`	`bool`	`false`	update infopanel during testing
`InfoPanelSizeAdjust`	`double`	`1`	Adjustment for Infopanel size
`SetFontSize`	`int`	`0`	Force Font Size (0=disabled)
`BacktestSpeed_string`	`string`	`------------------------------ Backtest Speed settings -----`
`BacktestSpeed`	`BacktestSpeedOptions`	`speed_normal`
`spreadfilter`	`string`	`------------------------------ settings --------------------`
`AllowBuyTrades`	`bool`	`true`	Allow Buy Trades
`AllowSellTrades`	`bool`	`true`	Allow Sell Trades

Show all 40 inputs

Name	Type	Default	Description
`TradeFrequency`	`enum_TradeFrequency`	`Extreme_Frequency`
`MaxSpread`	`double`	`60`	Maximum allowed spread
`UseHL_TrailingSL`	`bool`	`true`
`FridayStopHour`	`int`	`25`	Friday stop hour (brokertime; close all trades)
`FridayClosePending`	`bool`	`true`
`FridayCloseOpen`	`bool`	`true`
`setSL_TP_After_Entry`	`bool`	`false`
`Virtual_expiration`	`bool`	`false`	Use Virtual Expiration
`Randomization`	`double`	`0`	Randomization (entries and exit) in pips
`FakeOutFilter`	`FakeoutFilters`	`2`	Fake Breakout Filter
`ST1_MagicNumber`	`int`	`8000`	BaseMagicnumber
`ST1_Comment`	`string`	`The Gold Reaper`	Comment for trades
`RemoveCommentSuffix`	`bool`	`false`
`NFP_FILTER`	`string`	`----------------------- NFP Filter -----------------------`
`EnableNFP_Filter`	`bool`	`true`
`UseMQL5Calendar`	`bool`	`true`
`AutoGMT`	`bool`	`true`
`Broker_GMT_OFFSET_Winter`	`int`	`2`	GMT_OFFSET_Winter (AutoGMT=false or backtesting)
`Broker_GMT_OFFSET_Summer`	`int`	`3`	MT_OFFSET_Summer (AutoGMT=false or backtesting)
`NFP_CloseOpenTrades`	`bool`	`true`
`NFP_ClosePendingOrders`	`bool`	`true`
`NFP_MinutesBefore`	`int`	`100`
`NFP_MinutesAfter`	`int`	`60`
`propfirmsettings`	`string`	`----------------------- Propfirm unique trades settings ----`
`AdjustEntry`	`double`	`0`
`AdjustSL`	`double`	`0`
`AdjustTP`	`double`	`0`
`AdjustTrailSL`	`double`	`0`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone naming1086/TheGoldReaperEA from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.

3Copy the filesCopy the .mq4 / .mq5 file into Experts, and any .mqh files into the Include folder the code expects.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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