🔶 What is Infinite Wave EA?
Infinite Wave EA is an automated trading robot designed for MetaTrader 5, primarily optimized for trading Gold (XAUUSD). The Expert Advisor (EA) focuses on structured trade management, controlled drawdown protection, and low-risk lot calculation. With built-in spread filters, trade distance controls, and profit-target management, Infinite Wave EA aims to provide stable automated trading while maintaining capital protection.
🔶 General Trading Configuration
| Parameter | Value | Explanation |
|---|---|---|
| Trading Symbol List | XAUUSD | Specifies the instrument traded by the EA. The system is configured specifically for Gold trading. |
| Detect Affixes Automatically | true | Automatically detects broker suffixes or prefixes (e.g., XAUUSDm or XAUUSD.pro). |
| Main Magic Number Setup | 94336 | Unique identifier used by the EA to track its own trades. |
| EA Order Commentary | Infinite Wave | Custom comment attached to trades for easier identification in trading history. |
🔶 Execution & Liquidity Protection
| Parameter | Value | Explanation |
|---|---|---|
| Protect Against Thin Liquidity Conditions | 2 | Adjusts trade execution behavior during low liquidity environments. |
| Backtest/Live Gap Handling Harmonizer | 4 | Helps synchronize EA behavior between backtesting and live market conditions. |
These settings ensure the EA behaves consistently between testing environments and real trading.
🔶 Drawdown & Risk Protection
| Parameter | Value | Explanation |
|---|---|---|
| Maximum Drawdown Allowed to Restrict New Trades | 70% | Prevents opening new trades once account drawdown reaches 70%. |
| Close on Drawdown Option | true | Automatically closes trades if drawdown protection is triggered. |
This feature acts as a global safety mechanism to prevent uncontrolled losses.
🔶 Trade Frequency & Distance Control
| Parameter | Value | Explanation |
|---|---|---|
| Enable One Trade per Symbol | true | Limits the EA to only one open trade per symbol at any time. |
| Minimum Distance Between Trades | 50 points | Prevents new trades from opening too close to previous positions. |
| Maximum Number of Trades Allowed | 3 | Caps total active trades to reduce exposure. |
| Maximum Spread for Trades | 120 points | Prevents opening trades when spread exceeds 120 points. |
These filters help ensure disciplined trade execution and prevent overtrading.
🔶 Daily Risk & Profit Management
| Parameter | Value | Explanation |
|---|---|---|
| Max Daily Loss in Balance Currency | 1000 | Stops new trades if daily loss exceeds 1000 units of account currency. |
| Total Profit (USD) Setting | 1 | Defines fixed profit closure threshold in USD. |
| Total Profit % Setting | 1% | Alternative profit closure based on percentage of account balance. |
These parameters help control both daily losses and profit objectives.
🔶 Prop Firm Protection Settings
| Parameter | Value | Explanation |
|---|---|---|
| FTMO Randomizer Option | false | Randomization logic designed for prop firm detection avoidance is disabled. |
| FTMO-Style Guard | false | Protection logic for prop firm rule compliance is not active. |
| Profit Type Setting | Based on Percent of Balance | Profit calculation uses account balance percentage. |
These options allow the EA to adapt to proprietary trading firm challenges if enabled.
🔶 Lot Size & Money Management
| Parameter | Value | Explanation |
|---|---|---|
| Set Method for Lot Calculation | Low Risk | Uses conservative lot sizing strategy. |
| Choose Fixed Lot Size | 0.01 | Defines base trading volume when fixed lot mode is used. |
| Forcing Risk in All Situations | false | Risk management rules can adapt based on trading conditions. |
The configuration indicates a conservative trading approach designed to reduce account volatility.
🔶 News Filter Settings
| Parameter | Value | Explanation |
|---|---|---|
| High Impact News Filter | false | EA does not stop trading during high-impact economic news. |
| Medium Impact News Filter | false | Medium-level news filtering disabled. |
| Low Impact News Filter | false | Low-impact news filter disabled. |
| Trading Pause Before News | 1 minute | Defines pause duration before scheduled news events. |
| Trading Pause After News | 1 minute | Defines pause duration after news release. |
Even though filters are disabled, pause settings are available for quick activation.
🔶 Strategy Overview of Infinite Wave EA MT5
Infinite Wave EA MT5 follows a conservative single-position trading logic with strict exposure limits. By allowing only one trade per symbol and enforcing a 50-point distance between entries, the EA avoids aggressive grid strategies.
The built-in drawdown closure and daily loss cap protect the account from extreme losses, while spread filters ensure trades are executed only under acceptable market conditions.
This configuration indicates a low-risk algorithm designed primarily for stability rather than aggressive growth.
Conclusion
Infinite Wave EA MT5 is a risk-focused automated trading solution built for controlled Gold trading in MetaTrader 5. With drawdown protection, trade distance filters, and conservative lot sizing, the EA prioritizes capital preservation and disciplined execution.
For optimal results, traders should monitor spread conditions on XAUUSD and consider enabling news filters during major economic events. Proper account sizing and risk management remain essential to maintaining long-term stability in automated Forex trading.
