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AlgoVerdict
The Gold Reaper product shot

EA review · Updated

The Gold Reaper Review

4.2Traffic light: worth a closer look🔍 Live signal independently verified
Strategy
Breakout/S-R with stop-loss — no grid, no martingale declared
Live return / max. DD
No live account tracked by us. Worst drawdown measured in other sources: 24.4%.
Price
$949
Get it at AlgoTradingSpaceAd · partner link
The Gold Reaper product shot
Product shot by Profalgo LTD — marketing material, not evidence of performance.

The Gold Reaper by Profalgo is the best gold EA our scouting audit has found so far: almost 2 years of public live signal with independently verified +357% at a 16.9% max drawdown and PF 2.53 — a clean stop-loss approach instead of a grid. Why we still say “watch” rather than “buy”.

AlgoVerdict score

Weighted from 6 criteria — weighting in percent.

Live track record25%
4.7
Strategy risk20%
3.2
Transparency20%
4.6
Value for money15%
4.0
Usability10%
4.4
Broker independence10%
4.0
Open methodology

How we checked

Reviewed by
Pitt Petruschkeruns AlgoVerdict · MethodologyLive data from our EA park (Space Tracker), MQL5 signal, ATS accounts (Myfxbook)
Last checked
facts, score and evidence as of this date
Evidence (5)
  • Our own measurement (Waterline fingerprint) · 1 account · 205 days · own drawdown 24.4%
  • MQL5-signal 2265877 · public live signal
  • Account 501169 · Instant Funding · iFunds Ltd. · 33 days
  • Account 7373114 · Live · Raw Trading Ltd · 225 days
Show all 5 sources
Changes
  1. Added our own account ••9665: −$2,168.85 in one day on 6 Oct 2026, after which it was at least 24% below its high (closed: 32% of the deposit). Strategy risk 4.3 → 3.2, score 4.4 → 4.2, light stays green.
Strategy type
Breakout/S-R with stop-loss — no grid, no martingale declared
Market
XAUUSD (gold)
Platform
MT5
Price
$949 (MQL5 and AlgoTradingSpace, as of 30 Sep 2026; $849 in July)
Vendor
Profalgo Limited (27 products, ~4.5★ across ~106 reviews)
Live signal
public since 22 Oct 2024 (101 weeks, ~23 months; MQL5 signal 2265877, read 30 Sept 2026)
Verified live stats
+357% · max DD 16.9% · PF 2.53 · WR 72.5% (signal 2265877, 880 trades, read 30 Sep 2026; as of 02 Jul 2026: +271%, PF 2.38)
Copiers
65 subscribers on the signal (30 Sep 2026; ~46 in July)
EA Radar
🟢 76/100 (scout audit)
Our own account (Waterline, 11 Oct 2026)
IC Markets · since 18 Mar 2026 · 224 trades · +$2,484.14 · PF 1.40 · at least 24% below the high after 6 Oct 2026
  • Independently verified live track record: +357% at only 16.9% max DD and PF 2.53 over 23 months
  • Clean risk DNA: stop-loss-based breakout, no grid/martingale — a rarity on gold
  • Honest vendor: discloses ~30% possible drawdown himself instead of polished numbers; public set file
  • At $949 ($849 in July) still considerably cheaper than the hype competition
  • ~80% of the signal's growth occurred within a concentrated ~29-day window — the average return overstates everyday performance
  • Copy complaints: slippage on fast gold moves eats real return for signal copiers
  • 100% gold exposure — correlates with every other gold EA in a portfolio (including the same vendor's)
  • Almost 2 years of track record is good, but not yet a full gold cycle
  • On our own account −$2,168.85 in one day on 6 Oct 2026; afterwards at least 24% below the high, more than the 16.9% of the signal (as of 30 Sep)

Drawdown profile

How deep did this EA go under water? We deliberately plot drawdown and not an equity curve: a backtest curve always ends in the top right, but drawdown decides whether an account survives. Every bar comes from a real account, none from a backtest.

Our measurementmeasured by usFingerprint · 205 days · 1 account−24.4 %
50 % = pain threshold (needs +100 % to recover)Scale to 60 %

How the strategy trades

A schematic simulation of the strategy type we assign The Gold Reaper to — not a replica of this EA and not real price data.

Realised

How it works

  1. In every session a quiet phase marks out a range: its high and its low.
  2. A buy stop sits above the high, a sell stop below the low. Whichever fills first counts; the other is cancelled.
  3. 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.

Demonstration values: a simulated EURUSD path with 0.10 lots and $10,000 starting capital, deliberately favourable – every basket and every trend works out here. Not a real trading strategy, not a backtest and not investment advice.

Verified live / funded accounts

Real accounts AlgoTradingSpace publicly links for this EA (Myfxbook-fed). Max floating loss is the most honest risk figure — how deep open positions ran into the red at their worst.

AccountGainAvg mo.PFMax floating lossAgeTradesBroker
Live————225d—Raw Trading Ltd
Funded (Instant)————33d—iFunds Ltd.

What The Gold Reaper Is

The Gold Reaper by Profalgo Limited (MQL5 market, $949) is the top-rated gold EA in our EA Radar — 🟢 76/100 in the scout audit. Unlike most gold bestsellers it does not use a grid or martingale: it trades breakouts at support/resistance zones with a real stop-loss. That alone puts it in a different risk class than Quantum Queen & co.

The Verified Numbers

We independently re-checked the public live signal (running since 22 October 2024) on 02 Jul 2026 — the figures match the display 1:1:

  • +357% total return in 23 months
  • 16.9% maximum drawdown — remarkably flat for a gold EA
  • Profit factor 2.53 · win rate 72%
  • ~46 copiers with ~$164,000 on the signal

Add something we rarely see from vendors: Profalgo's product page itself discloses ~30% possible drawdown — i.e. more than the signal has shown so far. That kind of honesty (plus a public set file, directly reproducible in the MT5 tester) earns the EA our best transparency mark in the gold segment.

Our Own Account

Since 18 March 2026 The Gold Reaper has also been running on a real-money account of our own at IC Markets (••9665), as the only EA on it. As of 11 October 2026: 224 trades, +$2,484.14, profit factor 1.40, win rate 65%.

The account ran calmly until the end of September. On 2 October it lost $671.74. On 6 October all eight sub-strategies opened a gold short within three seconds and closed it one by one at a loss over the day: −$2,168.85 in a single day, 18% of the previous day's balance. After that the account was at least 24% below its high of 28 September. That is more than the 16.9% drawdown the public signal had shown up to 30 September, but within the roughly 30% that Profalgo itself gives as a possible drawdown. Measured against the deposit, the closed drawdown is $2,840.59, or 32%; for our traffic light the decline from the high counts. The running figures are in the live comparison with Gold X9.

Why “Watch” Rather Than “Buy”

Three reasons keep us from a top rating.

1. Concentrated growth. Roughly 80% of the total return was generated within a ~29-day window — presumably the big gold trend legs. If you start today, expect the everyday version (unspectacular months, occasional losing phases), not the average curve. That is not fraud, but it is the classic expectation error when reading signals.

2. Copy slippage. The community repeatedly reports that signal copiers get materially worse fills on fast gold moves than the master account. Running the EA yourself (rather than copying) partly avoids this — but then you need a broker with tight gold spreads and low latency: see our EA broker comparison and VPS for EAs.

3. Gold concentration risk. The EA is 100% XAUUSD. If you already run gold EAs (including this vendor's own Gold Trade Pro and bundles), you are stacking the same bet: in a sharp gold regime change, all of these systems correlate. One gold EA per portfolio — not three. Our guide on correlation & combined drawdown does the maths.

Who It Is (Not) For

Suitable for traders who deliberately want gold exposure via a stop-loss-based approach, run the EA themselves (not as a copy) on a raw-spread broker, and budget it as one building block.

Not suitable if other gold systems are already running, for signal copiers with high return expectations (slippage!), and for anyone extrapolating the 357% linearly into the future.

Trading in a similar way: Gold X9

Since August 2026 the YouTuber Mr CapFree has been selling Gold X9, a $69.99 gold EA that shows a similar pattern on our trading data: several sub-strategies with the same comment scheme, a similar holding time and often the same trading days. We run both on our own accounts and compare them live, including the differences in risk and evidence: Gold X9 vs. The Gold Reaper. In short: cheaper does not mean equivalent here. Gold X9 does not have The Gold Reaper's track record, and running both essentially doubles your gold position.

Verdict

At 4.2/5, The Gold Reaper is our highest-rated EA so far — verified track record, clean risk DNA, honest vendor, fair price. The deductions are structural: concentrated growth, copy slippage, and the unavoidable gold concentration risk. Add to that a heavy losing day on our own account: after 6 October it was at least 24% below its high, more than the 16.9% of the public signal (as of 30 Sep). Which is exactly why our recommendation reads “watch / deploy in measured size” — being the best gold EA doesn't mean you need several of them.

Frequently asked questions

Which markets does The Gold Reaper trade?

XAUUSD. Mind the symbol: brokers name commodities differently (XAUUSD, GOLD, XTIUSD, USOIL and so on). Checking Market Watch before attaching the EA avoids the most common setup mistake.

Which platform does The Gold Reaper run on?

MT5. Continuous operation needs a VPS, because a sleeping machine leaves open positions unattended: VPS providers compared.

What does The Gold Reaper cost?

$949 (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 large is The Gold Reaper's drawdown?

Across the accounts we see for this EA the largest decline is 24.4% — measured on our own account, counting only this EA's trades. That is the figure to size positions against, not the calm average. Where we hold further accounts or a longer vendor track, their numbers are above in the review: position sizing and risk per trade.

Is The Gold Reaper any good?

Our grade: 4.2 out of 5, traffic light green — usable. 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 Gold Reaper?

Yes. We run this EA ourselves and measure its trades in isolation (225 days). The figures in this review come from those accounts, not from vendor backtests.