The Bitcoin Reaper Review
Bitcoin breakout on H1 from the Gold Reaper developer, nine sub-strategies. Since launch it stands at −18.2% with 34% drawdown and 7 of 15 months in profit. A strong EA from one house does not mean the next one carries — this is the proof. $549 for money lost so far.
AlgoVerdict score
Weighted from 6 criteria — weighting in percent.
- Live track record25%
- 2.3
- Strategy risk20%
- 2.5
- Transparency20%
- 3.6
- Value for money15%
- 1.8
- Usability10%
- 3.5
- Broker independence10%
- 3.0
- Strategy
- breakout
- Market
- BTCUSD
- Platform
- MT4/MT5
- Price
- 549 USD
- Vendor
- Profalgo Limited (Wim Schrynemakers)
- Source
- Direct from vendor
- Public track
- No continuous public live account
- No continuous public live account — returns only partly verifiable
- Vendor setting only — set your own risk cap
What The Bitcoin Reaper is
The Bitcoin Reaper by Profalgo Limited (Wim Schrynemakers) is a breakout EA on BTCUSD (MT4/MT5), sold via the vendor directly. We classify it independently — by strategy risk, verified live track, transparency and value, not by vendor promises.
Live results & track record
Öffentliches MQL5-Signal (2 verlinkt), Track 2025 to 2026: 7 of 15 Monate im Plus, -18.18% Wachstum bei 34.00% Drawdown — Zahlen der Plattform easyalgos, nicht von uns unabhängig geprüft. The crux here: there is no continuous, publicly verifiable live account for this EA that we could read ourselves. An equity curve from backtests or screenshots says little about real money — slippage, spread and execution are missing. Without a verifiable account we treat every return claim with scepticism, and the rating stays deliberately cautious.
Strategy & risk
The breakout approach sets the risk profile. The approach uses defined entries/exits; what matters is whether the live track confirms the backtest picture. From the vendor you buy the vendor setting — a hard risk cap (parameters or an external drawdown guard) is on you to set.
Cost & usability
From the vendor the EA costs 549 USD. You buy the vendor version without calibration — risk cap, broker choice and setfile are on you. Delivered by e-mail against your account number, licence bound to accounts — direct sellers rarely offer refunds.
Who it is (not) for
Suitable for traders who check the live signal carefully themselves and run the EA with their own hard risk cap and budget it as *one* building block. Not suitable for small accounts without a buffer or for anyone who mistakes a smooth backtest curve for a guarantee.
Verdict
The Bitcoin Reaper lands at 2.7/5 — better avoided in its current form. Check the MQL5 live signal carefully before buying.
Frequently asked questions
- Which markets does The Bitcoin Reaper trade?
BTCUSD. A single instrument means no internal diversification. A regime change in BTCUSD hits the whole account, which is why an EA like this belongs in a portfolio of several building blocks.
- Which platform does The Bitcoin Reaper run on?
MT4/MT5. Continuous operation needs a VPS, because a sleeping machine leaves open positions unattended: VPS providers compared.
- What does The Bitcoin Reaper cost?
549 USD (as of our last check). We take prices from the vendor, ATS or MQL5 product page, not from marketing copy — that often quotes different figures than the buy button.
- Is The Bitcoin Reaper any good?
Our grade: 2.7 out of 5, traffic light red — avoid. It comes from six criteria, weighted most heavily towards the verified live track record and strategy risk. We rate from real accounts, not vendor backtests, and no EA vendor pays for ratings — the weighting is public in our methodology.
- Is there a verified live track for The Bitcoin Reaper?
No — we hold no independently checked live track for this specific EA. What we can place is the design and the vendor context. Without a documented account we rate conservatively; how we weight that is in our methodology.