Goldwave EA MT5 with SetFiles (Latest version) | Available
What is Goldwave EA MT5?
Goldwave EA MT5 is an automated trading system built specifically for gold trading, with a strong focus on stability, adaptability and risk management. The Expert Advisor (EA) uses adaptive logic, supported by artificial intelligence (AI), to assess trend quality, volatility and risk conditions before entering a trade.
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About the Author
This product is compiled by Shengzu Zhong. This author has more than +2 years of experience working on MQL5 with many famous products such as Goldwave EA MT5, AXIO Gold EA MT5, GEM Signal MT4, Super Signal Skyblade Edition MT4, Goldwave EA MT4 and other advisors. Among them, Goldwave EA MT5 is his best performing products.
Goldwave EA MT5 Reviews
Key Features of Goldwave EA MT5
🔹 AI-Assisted Adaptive Logic: Evaluates real-time market conditions to adjust entries instead of relying on fixed rules.
🔹 Single Trade Precision: Executes one well-filtered position at a time to maintain control and reduce exposure risk.
🔹 Dynamic Risk Management: Uses adaptive Stop Loss (SL) and Take Profit (TP) logic to protect capital in changing markets.
🔹 News Filter Integration: Avoids high-risk periods by filtering out unstable market conditions during major events.
🔹 Gold-Optimized System: Designed specifically for XAUUSD to match its volatility, liquidity and behavior patterns.
What is the Goldwave EA MT5 Trading Strategy?
🔹 Adaptive Entry Decision: Opens trades only when market conditions meet strict quality and risk criteria.
🔹 Market Condition Filtering: Skips trades during uncertain or high-risk periods to preserve capital stability.
🔹 Low-Frequency Precision: Focuses on fewer but higher-quality trades rather than constant market exposure.
🔹 Independent Trade Execution: Treats each position separately with clear logic-based entry and exit rules.
🔹 Real-Time Risk Adjustment: Continuously adjusts trade management based on volatility and price behavior.
Goldwave EA MT5 Review
Goldwave EA MT5 Signal Results
The Goldwave EA achieved impressive profit performance when trading with XAUUSD (Gold) pair. Trading results on real account for 32 consecutive weeks of trading.
✅ Initial Deposit: $50
✅ Growth Rate: +346%
✅ Win Rate (% of total): 97.2%
✅ Maximum Drawdown: 15%
Goldwave EA MT5 Signal Results
Goldwave EA MT5 Backtests
Goldwave EA MT5 has achieved impressive profit performance over many years of trading reversion tests with Gold (XAUUSD). This EA demonstrates excellent ability to master the market and increase profits.
✅ Initial Deposit: $1,000
✅ Total Net Profit: $4,684.51
✅ Win Rate (% of total): 70.48%
✅ Maximum Drawdown: 2.65%
Goldwave EA MT5 Backtest
Why choose Goldwave EA MT5?
🔹 Stable Long-Term Approach: Designed for consistent performance with focus on discipline and risk-adjusted returns.
🔹 No High-Risk Methods: Avoids Grid, Martingale or Averaging strategies to maintain safer trading structure.
🔹 Professional Automation: Provides hands-free execution while maintaining strict control over trading decisions.
🔹 Adaptable to Market Changes: Responds intelligently to evolving conditions using AI-assisted decision logic.
🔹 Marketplace-Ready Solution: Ideal for traders seeking a reliable EA focused on safety, transparency and control.
Is Goldwave EA MT5 safe?
Goldwave EA MT5 shows significant potential in providing stable and reliable profits, making it a reliable tool in the forex market. The advisor is highly appreciated by the MQL5 community in many aspects and has won the trust of users.
Avinash Reddy Kummetha (2026.01.05): “Best EA in the Market, Awesome resullts.Really good with DD, I have been using this for 3 weeks. I might be the first person who bought this.”
Mohsen Moshiri (2026.01.02): “I purchased this expert advisor because it has strong support, a real live test available for review, and—most importantly—it’s been closing only take-profits for me for a month. I’m very satisfied with the purchase.”
Alireza Kalamati (2026.01.01): “I have been using the signals of this robot for two months and I am satisfied with its performance. Last month when I found out that these signals are specific to this robot and the price of the robot is fair, I quickly bought this robot. So far everything has been great.”
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 5 (MT5) |
| Time frames | M1, M5, M15, M30, H1 |
| Currency pairs | XAUUSD (Gold) |
| Minimum / Recommended deposit | $1,000 |
| Minimum / Recommended leverage | 1:30 |
| Account type | ECN / RAW spread |
| Product type | Original version |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
1. Experts:
Goldwave EA MT5_2.33_fix.ex5
Goldwave EA MT5_2.35_fix.ex5
Goldwave EA MT5 Installation instructions.pdf
2. SetFiles:
Goldwave_Low Risk.set
Goldwave New Optimization_M1.set
Conclusion
In short, GoldWave EA MT5 is a disciplined and adaptive automated trading system built specifically for XAUUSD. By using AI-assisted logic instead of fixed indicators, it delivers precise trade selection and strong risk control. With no martingale or grid strategies, it ensures capital protection and long-term stability, making it ideal for traders seeking consistent, low-risk automated performance.
Goldwave EA MT5 Settings Explained – Complete Configuration Guide
Goldwave EA MT5 is an automated trading robot developed for the MetaTrader 5 platform, focusing on gold and Forex market trading with advanced money management, spread filtering, prop firm protection and news filtering capabilities.
The EA is designed for both conservative and aggressive traders by offering flexible lot sizing, fixed SL/TP controls and customizable risk protection settings. Goldwave EA MT5 is especially useful for traders looking for a “set and forget” automated trading experience with built-in risk controls.
Goldwave EA MT5 Settings
Goldwave EA MT5 Full Settings Explanation
Below are the details of the parameters in the advisor’s trading system settings table:
Goldwave EA MT5 Setting Panel
General Trading Settings
🔹 TradeComment = GW: Trade comment label attached to all positions opened by the EA.
Position Size Settings
🔹 sep1 = POSITION SIZE: Section title for lot sizing configuration.
🔹 LotMode = LOT_CONSERVATIVE: Uses conservative automatic lot sizing mode.
🔹 Fixed Lot (only used when LotMode = Fixed) = 0.01: Sets fixed lot size to 0.01 when fixed mode is enabled.
🔹 MaxLot = 1.0: Maximum lot size allowed is 1.0.
🔹 MinLot = 0.01: Minimum lot size allowed is 0.01.
Stop Loss & Take Profit Settings
🔹 sep2 = SL/TP: Section title for Stop Loss and Take Profit configuration.
🔹 UseFixedSL = true: Enables fixed Stop Loss values.
🔹 FixedSL_Pips = 3000.0: Fixed Stop Loss distance is 3000.0 pips.
🔹 UseFixedTP = true: Enables fixed Take Profit values.
🔹 FixedTP_Pips = 3000.0: Fixed Take Profit distance is 3000.0 pips.
News Filter Settings
🔹 sep_news = NEWS FILTER: Section title for economic news protection settings.
🔹 UseNewsFilter = true: Enables the built-in economic news filter.
🔹 StopMinutesBefore = 60: Stops opening trades 60 minutes before important news events.
🔹 StopMinutesAfter = 60: Stops trading 60 minutes after news releases.
🔹 UseHighImpact = true: Filters high-impact news events.
🔹 UseMediumImpact = false: Medium-impact news events are ignored.
🔹 UseLowImpact = false: Low-impact news events are ignored.
🔹 EnableDetailedNewsFilter = true: Enables advanced detailed news filtering.
🔹 NewsURL = https://nfs.faireconomy.media/ff_calendar_thisweek.json: News calendar source URL used by the EA.
Account Unit Settings
🔹 sep_account = ACCOUNT UNIT: Section title for account currency settings.
🔹 InpAccountUnitMode = ACCOUNT_UNIT_AUTO: Automatically detects account currency units.
🔹 Optional: USD, USC, EUR, GBP, CAD, USDT, EUC, GBX: Supported account currency/unit types.
Spread Filter Settings
🔹 sep_spread = SPREAD FILTER: Section title for spread protection.
🔹 Enable Spread Filter = true: Enables spread checking before trade execution.
🔹 Max allowed spread in points to open trade = 150.0: Maximum spread allowed for opening trades is 150.0 points.
Prop Firm Protection Settings
🔹 sep_prop = PROP FIRM GATES (For prop firm accounts only): Section title for prop firm safety controls.
🔹 ENABLE: Prop Protection (Daily Loss + MaxDD + Risk Override) = false: Prop firm protection system is disabled.
🔹 Override EA’s LotMode with PropRiskPct (when Enabled) = true: Allows prop risk percentage to override default lot mode when enabled.
🔹 Risk % per trade (EQUITY-based, 0.1~0.2 recommended) = 0.2: Risks 0.2% equity per trade.
🔹 Daily loss % of EQUITY → lock until next day 00:00 = 5.0: Locks trading if daily equity loss reaches 5.0%.
🔹 Max DD % from initial EQUITY → force close + lock = 20.0: Maximum overall drawdown allowed is 20.0%.
🔹 Unlock buffer % (EQUITY-based, avoids bounce) = 0.5: Requires 0.5% recovery buffer before unlocking trading again.
🔹 Cooldown minutes after auto-unlock = 120: Waits 120 minutes after unlock before resuming trades.
🔹 When locked: true = close ALL | false = close this EA only = false: Only this EA stops trading during protection lock.
Friday Filter Settings
🔹 sep_friday = FRIDAY FILTER: Section title for Friday risk control.
🔹 Blocks new trades in the last 3 hours on Friday = true: Prevents opening trades during the final 3 trading hours on Friday.
Night Filter Settings
🔹 sep_night = NIGHT FILTER: Section title for overnight trading control.
🔹 Enable Night No-Trade Window = false: Night trading restriction is disabled.
🔹 Block start time (server time, HH:MM) = 23:00: Start time for blocking trades is 23:00.
🔹 Block end time (server time, HH:MM, next day if < start) = 01:05: End time for blocking trades is 01:05.
Info Panel Settings
🔹 Info Panel =: Section title for chart display settings.
🔹 Enable Info Panel = true: Displays the EA information panel on the chart.
🔹 X Position = 10: Horizontal position of the panel is 10.
🔹 Y Position = 36: Vertical position of the panel is 36.
🔹 Panel Size Scaling = 1.1: Scales the panel size by 1.1.
🔹 Corner Position = Left upper chart corner: Displays the panel in the upper-left chart corner.
Conclusion
Goldwave EA MT5 offers a robust automated trading framework with strong emphasis on risk management, spread control and news event protection. With flexible lot sizing modes, fixed SL/TP controls, prop firm safety systems, and advanced filters, the EA is suitable for traders seeking stable and disciplined automated trading performance on MetaTrader 5.
FAQs
❓ What is Goldwave EA MT5?
Goldwave EA MT5 is an automated Expert Advisor for MetaTrader 5 focused on gold and Forex trading with advanced risk management features.
❓ Does Goldwave EA MT5 include a news filter?
Yes, the EA includes a detailed economic news filter with high-impact event protection.
❓ What is the default fixed lot size in Goldwave EA MT5?
The default fixed lot size is 0.01.
❓ Can Goldwave EA MT5 be used on prop firm accounts?
Yes, it includes prop firm protection features such as daily loss limits and drawdown controls.
❓ What is the maximum spread allowed for trading?
The EA allows trades only when the spread is below 150.0 points.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is the core strategy of Goldwave EA MT5?
The EA uses a Confluence-based Trend Following strategy. It analyzes multi-timeframe structures (from M15 to H4) to confirm that a trend is genuine. It seeks "momentum clusters" where several indicators and price action patterns align, ensuring that entries have a high probabilistic edge.
❓ Is it a "Martingale" or "Grid" EA?
No. Goldwave EA MT5 explicitly avoids these methods. Every trade is opened with a predefined Stop Loss and Take Profit. It does not "average down" or double its lot size when a trade goes into a loss, making it much safer for long-term capital growth compared to typical gold bots.
❓ What is the "AI-Assisted Filtering" feature?
The EA uses an AI layer to perform Market Environment Classification. Instead of just looking at price, it analyzes volatility states and "noise" levels. If the AI detects abnormal volatility (often seen during unpredictable news events), it will automatically block new trades to protect the account.
❓ What are the verified performance results?
Verified live signals (as of 2025-2026) have shown remarkable consistency:
✅ Growth: +346% over 32 weeks.
✅ Win Rate: 97.2% (due to its low-frequency, high-precision entry logic).
✅ Drawdown: Maintained at approximately 15% on real accounts.
❓ Which timeframe should I use?
While the EA analyzes data from M15 to H4, the developer recommends attaching the EA to the M1 (1-minute) chart. This allows the internal logic to process tick data more frequently for more precise entries and exits, even though it is trading higher-timeframe trends.
❓ What is the minimum deposit?
The recommended minimum deposit is $1,000. While it has performed on smaller "micro" accounts, $1,000 allows for proper lot-sizing (typically starting at 0.01) to stay within the recommended risk parameters and drawdown limits.
❓ Does it have a News Filter?
Yes. The EA includes Dynamic News Avoidance logic. It can automatically pause trading activity before high-impact economic releases (like NFP or FOMC) to avoid the slippage and "fakeouts" that often occur in the gold market during these times.
❓ What kind of broker is required?
An ECN or RAW spread broker is highly recommended. Because the EA focuses on precision, high spreads or excessive slippage can significantly impact the win rate. Low-latency execution is critical for its "single-trade discipline" to work effectively.
❓ Is Goldwave EA MT5 "Plug-and-Play"?
Yes. It comes with optimized default settings for XAUUSD. For most users, there is no need to tweak the internal AI parameters; you only need to adjust your Risk Percentage or Fixed Lot Size to match your account balance.
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