EA review ·
The Bitcoin Reaper
Reviewed by Pitt Petruschke, operator. No stake in The Bitcoin Reaper; receives commission from ATS and develops his own EA, Dawnbreak. Disclosure
Cross-checked by an AI agent (different model, blind): 3 of 6 criteria agree. Differences
Verdict
Breakout EA on BTCUSD. No live account on record, weakest point verifiability: 5.8 out of 10.
A bitcoin breakout on H1 with nine sub-strategies by Wim Schrynemakers (Profalgo), the developer of The Gold Reaper. For MT4/MT5, sold directly by the vendor for $549.
Suits you if …
- ●Yes: you want an EA with fixed entries and exits
- ●Yes: you run it as one building block in a portfolio
- !Caution: you start small, since no live account is on record
- !Caution: you set setfile and risk yourself, without ATS calibration
Evidence behind this verdict
- Product page of the vendorDesign, markets, platform, price · read 02 November 2026
How the strategy trades
Schematic · no market dataSchematic of the Breakout strategy type: it explains the process, not the outcome. No prices, no real market data, no performance of The Bitcoin Reaper.
How it works
- In every session a quiet phase marks out a range: its high and its low.
- A buy stop sits above the high, a sell stop below the low. Whichever fills first counts; the other is cancelled.
- The stop sits on the far side of the range, the target at 1.5× that distance. Because every range has a different width, the levels move each time.
What we check
What we check on real breakout EAs: how often false breakouts hit the stop, and whether the reward-to-risk still holds after spread and slippage.
Schematic with demonstration values: a simulated price path without prices, results in pips weighted to 0.10 lots, deliberately favourable. Not this EA’s market or settings, not a backtest and not investment advice.
Design & risk
The Bitcoin Reaper by Profalgo Limited (Wim Schrynemakers) is a Breakout EA on BTCUSD (MT4/MT5), sold directly by the vendor. Each position has its own exit; losses are not absorbed by averaging in. What matters is whether execution at your broker matches the described process. You buy the vendor default; risk frame and setfile are up to you.
What you need to run it
- ●Broker with low spreads on BTCUSDRaw or ECN account, no EA restrictionsrequired
- ●VPS close to the brokerThe EA has to run around the clockrequired
- ○Fix the risk per tradeChoose a lot size that fits the accountset it up yourself
For and against
In favour
- Fixed exits, no averaging into losses
- Design and markets clearly described
Against
- No live account on record
- You set risk and setfile yourself
- One market only, no spread of risk
Buying and running
Our interests: We earn no commission on The Bitcoin Reaper and link neither the vendor nor MQL5. ATS pays us a commission when you buy through the link to the alternatives. We develop our own EA, Dawnbreak. We have no stake in The Bitcoin Reaper. The grade is set beforehand and independently of that.
Terms
Ad- Price
- $549
- Sold
- directly from the vendor only
We do not link to The Bitcoin Reaper itself. The affiliate link changes neither grade nor text.
Partner offers
AdOur own tool
own productWhat we do not know
- How the EA does with real money.There is no live account on record. Manual and product page describe the intent, not the outcome.
- How the EA reacts to spread spikes at rollover.Not tested. With tight stops it can shift exits.
- What future updates change in the logic.We rated the current version. After every major update we check again and note it in the change log below.
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.
How good is The Bitcoin Reaper?
Our grade: 5.8 out of 10. It comes from six criteria: risk control, verifiability, transparency, value for money, usability and broker independence. The sub-grades are computed by our data formula; criteria, weights and caps are the same for every EA, whoever sells it, and no EA vendor pays for ratings. The full calculation with every threshold is in our methodology.
Is there a verified live track for The Bitcoin Reaper?
No — we hold no live account for this specific EA that we could view. What we can place is the design and the vendor context. Without a documented account the evidence mark is low; how we weight that is in our methodology.
Changes to this review
- Second review by an AI agent (different model, blind): 3 of 6 criteria agree. Differences:
- Risiko-Kontrolle: Zweitprüfung 5,6, unsere Bewertung 7,2. Die Breakout-Bauart ist grundsätzlich weniger strukturell riskant als Grid oder Martingale, doch konkrete Regeln zu Stop-Loss, Positionsgröße und Verlustbegrenzung sind nicht belegt und der Handel eines einzelnen volatilen Kryptomarkts erhöht das Risiko.
- Transparenz: Zweitprüfung 4,2, unsere Bewertung 6,0. Bekannt sind Markt, Zeiteinheit, Plattformen und die grobe Breakout-Ausrichtung, aber nachvollziehbare Details zu Strategieparametern, Risikoregeln, realen Konten und möglichen Schwachphasen fehlen.
- Broker-Unabhängigkeit: Zweitprüfung 4,6, unsere Bewertung 6,0. Eine Nutzung auf beiden MetaTrader-Plattformen spricht für technische Flexibilität, aber ein belegter Betrieb bei mehreren Brokern fehlt und BTCUSD-Konditionen können je nach Broker erheblich variieren.