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The Gold Reaper v4.6 EA MT5 Unlimited
$15
The Gold Reaper v4.6 EA MT5 Unlimited is an automated MetaTrader 5 Expert Advisor designed for H1 XAUUSD (Gold) breakout trading.
Featuring multi-timeframe support and resistance breakout logic, auto-adaptive trade frequency, drawdown-based lot sizing, trailing stop-loss and take-profit controls, prop-firm trade randomization, NFP news filtering, Auto-GMT synchronization, and zero grid or martingale logic, it delivers a quantitative framework for MT5 gold automation.
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Description
Description
| Category | MT5 Expert Advisors |
|---|
The Gold Reaper v4.6 EA MT5 Unlimited is a professional automated Expert Advisor engineered for MetaTrader 5, built upon the foundation of Goldtrade Pro. Designed specifically for Gold (XAUUSD) on the H1 (1-Hour) timeframe, the system executes multi-timeframe structural breakouts across daily and intraday support and resistance levels.
The Gold Reaper v4.6 EA MT5 — Multi-Timeframe S&R Breakout System
Operating with dynamic trade frequency scaling and automated risk calculations based on user-defined maximum allowed drawdown, The Gold Reaper completely eliminates high-risk recovery strategies like grid stacking or martingale lot multipliers. Every trade is launched with predefined Stop Loss and Take Profit levels, protected by dynamic trailing stop-loss and trailing take-profit engines, an NFP economic news filter, and an Auto-GMT WebRequest module.
Core Architectural Highlights
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Multi-Timeframe S&R Breakout Engine: Scans multiple timeframes simultaneously to identify high-conviction breakout setups on XAUUSD support and resistance boundaries.
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Auto-Adapting Risk & Frequency Model: Automatically calibrates lot sizing and trade frequency (from Very Conservative to Extreme) based on account capital and user-selected Max Allowed Drawdown settings.
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Non-Martingale & Non-Grid Architecture: Executes independent trades with explicit Stop Loss and Take Profit parameters, avoiding order stacking or lot-multiplier escalation.
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Dynamic Trailing SL & Trailing TP Controls: Features trailing stop-loss and trailing take-profit algorithms to lock in floating profits and maximize trend continuation returns.
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Prop-Firm Compliance & Trade Randomization: Includes daily max drawdown circuit breakers and a built-in entry/exit/SL randomizer to create unique trade signatures for prop-firm challenges.
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NFP Filter & Auto-GMT WebRequest Module: Integrates Non-Farm Payroll (NFP) economic event filters and automated broker GMT time synchronization via WebRequest: https://www.worldtimeserver.com
Technical Specifications & Recommended Setup
| Parameter | Recommended Specification |
| Trading Platform | MetaTrader 5 (MT5) |
| Supported Symbol | XAUUSD / GOLD |
| Chart Timeframe | H1 (1-Hour) (Internal multi-timeframe logic) |
| Minimum Capital | $600 USD |
| Execution Architecture | Multi-Timeframe Support & Resistance Breakout |
| Trade Frequency Modes | Auto (Default), Conservative, Moderate, Aggressive, Extreme |
| WebRequest Requirement | Mandatory URL permission: https://www.worldtimeserver.com |
| Broker Account Type | Low-Spread ECN / Raw Spread / Standard |
| Infrastructure | Continuous 24/5 Low-Latency Windows VPS (< 5ms server latency) |
Key External Input Parameters
1. Trade Frequency & Execution Modes
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TradeFrequency: Selects operational profile (Auto, Conservative, Moderate, Aggressive, Extreme). When set to
Auto, it dynamically adjusts based on account equity and Max Allowed Drawdown. -
Randomization: Sets small pips/points offset variations (Recommended:
50) to differentiate trade execution across users and satisfy prop-firm unique execution requirements. -
MaximumAllowedSpread: Maximum spread threshold to permit pending order placement.
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FridayStopHour: Sets Friday cutoff hour (0–23; set to
25to disable) to prevent holding open trades over the weekend.
2. Money & Risk Management
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LotsizeCalculationMethod: Selects between Fixed Lotsize (
StartLots) and Max Allowed Total Drawdown. -
MaxAllowedDrawdown: Target maximum allowable total drawdown percentage (%), which drives automated lot sizing.
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SetMaxDailyDrawdown: Hard daily equity drawdown limit (%). If hit, all trades and pending orders are closed until the next trading day.
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Startlots: Minimum base lot allocation or fixed lot value when fixed lot mode is active.
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OnlyUp: Prevents lot size reduction after losses for faster recovery phases.
3. NFP Filter & Auto-GMT Settings
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EnableNFP_Filter: Master switch to suspend trading around NFP news announcements.
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AutoGMT: Enables automatic broker server GMT offset detection (requires WebRequest permission).
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NFP_CloseOpenTrades / NFP_ClosePendingOrders: Forces closure of active market positions and pending orders prior to NFP events.
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NFP_MinutesBefore / NFP_MinutesAfter: Buffer times in minutes to pause trading before and after NFP releases.
4. System & Display Controls
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ShowInfoPanel: Toggles the visual chart dashboard.
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BaseMagicNumber: Base magic number string for internal strategy identification.
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TradeComment: Customizable trade comment tag.
Overview & Operational Summary
The Gold Reaper v4.6 EA MT5 provides a rule-based, quantitative framework for trading Gold on MetaTrader 5. By pairing multi-timeframe support and resistance breakout logic with automated risk-per-drawdown lot sizing, trailing exits, prop-firm trade randomization, NFP news protection, and complete avoidance of grid or martingale logic, the EA delivers a practical setup for systematic MT5 gold trading.
