The Gold Reaper Review: PF 2.24, 17.8% DD over 11.5 Years

The Gold Reaper Review — PF 2.24 / 17.8% Max DD over 11.5 Years on Default Settings

This article extracts the results for The Gold Reaper MT5, a popular gold (XAUUSD) EA on the MQL5 Market, from our mass backtest of 43 popular paid gold EAs run in July 2026. Every figure is our own measurement. No official images or official performance records are reproduced.

Test Conditions (Full Disclosure)

All 43 EAs were run under identical conditions. Nothing was changed for The Gold Reaper.

Result: Rated Good (profitable, max DD < 40%)

The PF meets the Excellent threshold (PF > 2), but the 17.8% max DD exceeded the other Excellent threshold (DD < 15%) by 2.8 points, so the rating is 🟡 Good. It finished 11.5 years in profit on default settings.

Where It Ranks Among the 43

• Popularity (reviews): 101 reviews is the 3rd highest of the 43. The top two were EA Gold Stuff mt5 (687 reviews; on default settings its test did not finish within the time limit, so it could not be measured) and XG Gold Robot MT5 (109 reviews; blew up with PF 0.23 / 99.0% max DD). Of the three most-reviewed EAs, The Gold Reaper was the only one that could be measured and ended in profit.
• Price: $849 is the 4th highest price of the 43.
• Trades: 8,745 trades is the 3rd most among the 37 measurable EAs — a simple average of about 760 per year over 11.5 years. The more trades, the less the result depends on chance (how many trades a backtest needs).
• PF: 3rd by PF among the 11 EAs rated Good.
• Max DD: 17.8% is the 2nd largest among the 11 Good EAs.

Compared with Popular EAs in the Same Price Range

In the 43-EA test, three expensive, popular EAs performed as advertised. Here are their figures under identical conditions.

Among the three, The Gold Reaper had the lowest PF and the largest max DD. On the other hand, it had the most reviews of the three, and its trade count was second only to Gold House MT5.

Limitations of This Test (Please Read)

• All figures are on default settings. Results may differ with the vendor's recommended settings.
• The results come from a single feed (MetaQuotes-Demo). Numbers change with the broker (cross-broker EA results).
• The 1-minute OHLC model (Model=1) can be optimistic for scalpers with thin take-profits (real ticks vs OHLC).
• This article covers backtests only and does not include live (forward) performance. Past test results do not guarantee future performance.
• Max DD is equity-based. For the difference from balance-based DD, see equity vs balance drawdown.

Summary (Facts Only)

• On 11.5 years of MetaQuotes real data with default settings, The Gold Reaper MT5 scored PF 2.24, 17.8% max DD, 8,745 trades (profitable, rated Good).
• Its max DD above 15% kept it from the Excellent rating.
• Of the three most-reviewed EAs, it was the only one measured in profit.
• If you are considering it, we recommend checking with the free demo that the result reproduces on your own broker's feed with default settings, whether your capital allocation can tolerate a drawdown of around 17.8%, and whether a live track record exists.

Our own EAs are tested to the same standard (real ticks, long periods, equity DD disclosed) and all figures are published. See our verification methodology and the EA ranking.

Notes on Names and Rights

• The Gold Reaper and the other EA names in this article are trademarks or product names of their respective owners. They are used descriptively for comparison and review; we have no affiliation with the seller.
• All figures in this article are our own backtest data. No official images or official performance records are reproduced.
• If you find a factual error, please contact us via Contact. We will check it and correct it promptly.