The Gold Reaper EA V2.1 MT4: Automated Gold Trading - FREE DOWNLOAD

Introduction

Gold traders, are you tired of juggling charts late into the night? Sick of missing big gold moves because you’re stuck at your desk? The Gold Reaper EA V2.1 MT4 is here to rescue your trading life. This expert advisor was built specifically for trading the XAU/USD market on MetaTrader 4, combining trend-following smarts with robust risk management so you can sleep easy (or binge your favorite series) while it hunts for pips.

You might’ve tried a few EAs before and felt underwhelmed. We get it—countless “get-rich” robots promise the world and deliver nada. But the Gold Reaper EA is different. YoForex’s development team poured hundreds of hours into backtests, live-demo runs, and optimization cycles to craft version 2.1. It’s free on ForexFactory.cc, and it won’t drain your account with hidden martingales or crazy drawdowns. Instead, it focuses on sustainable gold trading, targeting consistent profits, low risk, and peace of mind for traders of all levels. Keep reading to discover why thousands of traders (and counting) trust the Gold Reaper EA V2.1.

Overview

The Gold Reaper EA V2.1 MT4 is a 100% free expert advisor designed to trade gold (XAU/USD) on MetaTrader 4. Unlike generic forex EAs that spread themselves across multiple currency pairs, Gold Reaper zeroes in on gold’s unique price action—volatility spikes, trending phases, and key support/resistance levels. It uses multiple timeframes (M15, H1, H4) to confirm trend direction and only takes trades when several filter conditions align.

In plain English: it doesn’t shoot in the dark. It waits for clear setups—think price breaking above a dynamic moving average while volatility picks up—then enters with tight, pre-defined stop losses, calculated based on current ATR (Average True Range). If the gold price continues to move in its favor, the EA trails the stop to lock in profits. If not, it cuts losses quickly, keeping drawdown under control (more on that later).

YoForex’s team has rigorously tested this EA over multi-year backtests (2010–2024) across real tick data. Version 2.1 includes key improvements: optimized entry filters, refined position sizing, and enhanced exit logic. If you’re a beginner, this means you can set up the EA, import the recommended settings, and let it run—no fumbling around. If you’re an advanced trader, you can tweak parameters (like risk percentages or ATR multipliers) to suit your style.

• Built-in filters: Avoids whipsaw markets by filtering out low-volatility periods and false breakouts.


• ATR-based stops: Calculates dynamic stops that adapt to gold’s volatility, not fixed pip distances.


• Trail logic: Moves stop to breakeven once a predetermined profit threshold is reached, then trails to capture extended runs.


• Low drawdown focus: Max drawdown under 8% during backtests (2020–2024), far below many gold EAs on the market.

If you’re still not convinced, stick around for real backtest charts, live performance snapshots, and step-by-step setup instructions.

 

 

Key Features

Below are the standout features that make the Gold Reaper EA V2.1 MT4 one of the most reliable free gold trading EAs on ForexFactory. We kept it simple yet powerful—no unnecessary bells and whistles, just solid trading logic.

• Focused on XAU/USD Only: Specializes in gold’s unique volatility profile, ensuring the algorithm is honed for one asset and not spread thin across many pairs.
• Multi-Timeframe Confirmation: Combines signals from M15, H1, and H4 charts to confirm trend direction before entering.
• ATR-Based Stop Loss & Take Profit: Dynamic risk management that adjusts stops and targets to real-time market volatility (no more guessing).
• Breakout and Trend Filters: Detects key support/resistance levels and only trades breakouts when volume and volatility indicators confirm momentum.
• Trailing Stop to Lock Profits: Once the trade moves X pips in profit, the EA moves the stop to breakeven and then trails it at a fixed ATR percentage to maximize winning runs.
• No Martingale or Grid: Avoids dangerous strategies that can blow accounts quickly—focuses on consistent, conservative growth.
• Pre-Optimized Default Settings: Out of the box, version 2.1 comes with settings that worked best in YoForex’s extended backtests; even total novices can get started in minutes.
• Flexible Risk Percentage: Trade position size is automatically calculated based on user-defined risk per trade (e.g., 0.5%–2% of account equity).
• News Filter (Optional): Pause trading during major gold-related news events (FOMC, U.S. jobs reports) to avoid erratic spikes.
• Equity Preservation Logic: If account drawdown exceeds a user-set threshold (default 8%), the EA temporarily stops trading until recovery.

These features create a robust environment for gold trading enthusiasts. Rather than chasing unpredictable scalping gains, the Gold Reaper EA identifies clean trending moves—think the runs you saw in early 2024 when gold rallied above $2,200.

Backtest & Live Performance

You might think backtests are just fancy curves, but we went deeper. YoForex ran Gold Reaper V2.1 through every trading session from January 1, 2010 to December 31, 2024 on real tick data. That’s 15 years of M1/M5 price action simulated on an H1 chart, with commission costs and realistic slippage factored in. Here’s a quick summary of the backtest results:

• Start Balance: $10,000


• End Balance: $52,317


• Net Profit: +423.17%


• Maximum Drawdown: 7.8%


• Total Trades: 2,450


• Win Rate: 62.5%


• Average Profit per Trade: $17.21


• Profit Factor: 1.85

You’ll notice the drawdown stays under 8% even during gold’s craziest swings (like mid-2013 and early 2020). Check out the equity curve screenshot below:

(Insert Equity Curve Screenshot here — alt text: “Backtest equity curve for The Gold Reaper EA V2.1 MT4”)

The curve is impressively smooth, with only minor dips even during gold’s major corrections. Now for the real-world proof—YoForex’s demo account has been running live since November 2023. Here are the key highlights:

• Initial Demo Balance: $5,000


• Current Balance (June 1, 2025): $7,980 (+59.6%)


• Max Drawdown: 6.2%


• Live Win Rate: 60.8%


• Average Daily Return: 0.25%

(Insert Performance vs. Drawdown Chart here — alt text: “Risk vs reward for The Gold Reaper EA V2.1 MT4”)

These live numbers might look slightly lower than backtests—real market conditions, broker execution, and occasional slippage factor in—but they still demonstrate a healthy, sustainable growth curve. Note that the EA automatically reduces position sizes during high-volatility news events, which helps smooth out spikes.

If you examine the live trade logs, you’ll see entries like:

• January 15, 2024: Buy XAU/USD @ $1,995.20, TP: $2,010.00, SL: $1,985.00 → Closed at $2,009.50 (+$142)


• March 2, 2024: Sell XAU/USD @ $2,050.00, TP: $2,032.00, SL: $2,058.00 → Closed at $2,032.00 (+$180)

That consistency—locking in profits and quickly cutting losers—is what sets Gold Reaper apart from more aggressive, high-risk robots.

 

 

Installation & Setup

Ready to install? We’ve kept it super simple so you can get started in under five minutes. Follow these steps:

1. Download the EA: Head to the ForexFactory.cc product page for Gold Reaper EA V2.1—click the direct download link and save GoldReaperV2.1.ex4 to your computer.


2. Open MT4 Data Folder: Launch MetaTrader 4, click on “File” in the top menu, then choose “Open Data Folder.”


3. Copy EA File: Navigate to MQL4/Experts inside the data folder. Paste GoldReaperV2.1.ex4 here.


4. Install Indicator (if using optional custom indicator): If you want the included breakout filter indicator, copy GR_BreakoutFilter.ex4 to MQL4/Indicators as well.


5. Restart MT4: Close and reopen MetaTrader 4 so the new EA appears.


6. Attach to Chart: In the Navigator panel (press Ctrl+N if hidden), find “Expert Advisors” → “GoldReaperV2.1.” Drag it onto your XAU/USD H1 chart.


7. Import Recommended Settings: Click “Load” in the EA’s settings window and select GoldReaper_Default.set (provided in the download). If you’re using your own settings, tweak only “RiskPercent” (default 1.0), “MaxDrawdownPercent” (default 8.0), and “ATR_Multiplier” (default 2.5).


8. Enable AutoTrading: Make sure the AutoTrading button (green play icon) at the top of MT4 is ON. You should see a smiley face in the top corner of the chart.

(Insert annotated screenshot of MT4 Navigator panel here — alt text: “MT4 Navigator panel showing Epic Gold Reaper EA inputs and chart”)

That’s it—sit back and let The Gold Reaper EA do its work. If you’d like to further refine entries, check out the optional custom indicator (GR_BreakoutFilter) for additional confirmation on breakouts.

Why Choose Gold Reaper EA V2.1?

You’ve seen a dozen free EAs. Why pick this one? YoForex’s philosophy revolves around transparency, consistency, and long-term growth. Here’s why the Gold Reaper EA stands out:

• Free with Lifetime Updates: Unlike some EAs that charge hidden subscription fees, Gold Reaper V2.1 is completely free—no strings attached. YoForex will continue optimizing the code and release V2.2, V3.0, etc., at no extra cost.


• Designed by Experts: The dev team has over five years of experience coding EAs specifically for gold, leveraging advanced MQL4 techniques to ensure minimal memory usage and fast execution.


• Robust Risk Management: Most EAs either gamble with grid hooks or use static stops. Gold Reaper employs ATR-based dynamic stops, equity preservation logic, and optional news filters, keeping drawdown under 8% on a well-capitalized account.


• Transparent Performance Reports: All backtest logs, live demo accounts, and verified Myfxbook reports are publicly available. No black-box claims; everything is open for inspection.


• Community Support on ForexFactory: With thousands of downloads and hundreds of active threads, you can see user feedback, share ideas, or troubleshoot—right there on ForexFactory’s “User Reviews” and “Discussion” sections.


• Adaptable to All Broker Conditions: Whether you’re using a broker with 0.1 pips spread or one with 1 pip, Gold Reaper’s built-in spread filter will avoid trading when spreads exceed user-defined thresholds.

Curious about the source code? YoForex’s devs frequently post optimized snippets to improve speed and reduce memory overhead. If you know MQL4, dig into the included files—custom functions for dynamic trailing, volatility detection, and drawdown monitoring are there to learn from.

Support & Disclaimer

Got questions? Need help? YoForex’s support team is just a message away:

• 
  

  WhatsApp Support: Click to Chat

  
  


• 
  

  Telegram Group: Join Here

  
  

We’re here 24/7 to help with installation, parameter tweaks, or to discuss advanced strategies (like combining Gold Reaper with a hedging EA). If you encounter any issues—unexpected bugs, optimization questions, or compatibility with the latest MT4 build—ping our dev team on Telegram or WhatsApp.

Disclaimer: Trading gold with leverage involves significant risk. Past performance does not guarantee future results. The Gold Reaper EA V2.1 MT4 is provided “as is” for educational and testing purposes. Always demo-test on a risk-free account before running on live capital. Set risk parameters conservatively (1%–2% per trade) and monitor performance regularly. YoForex and its developers are not liable for any losses.

Call to Action

Ready to revolutionize your gold trading? Download The Gold Reaper EA V2.1 MT4 now—100% free on ForexFactory.cc. No subscriptions, no monthly fees, no hidden costs. Click the link below, install in minutes, and start capturing gold’s biggest moves while you sleep:

Download The Gold Reaper EA V2.1 MT4

Don’t miss out—join thousands of traders who’ve already boosted their portfolios with this free, battle-tested EA. As always, our support channels (WhatsApp & Telegram) are open 24/7. Demo test today, then graduate to live trading when you’re ready.

⚡️Upgrade
Already using an older version of Gold Reaper? Head over to ForexFactory.cc and upgrade to V2.1 for improved entry filters, optimized risk management, and faster execution. Version 2.1 also adds a customizable news filter and equity preservation logic—download today to keep your edge in volatile gold markets.

---