Goldwave EA MT5 v2.35 with SetFiles (Unlimited)
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Quick Verdict
Goldwave EA is a professional automated Gold trading Expert Advisor (EA) built for traders who prioritize disciplined risk management over excessive trade frequency. Featuring AI-assisted adaptive market logic, integrated news filtering, Prop Firm protection, and conservative money management, it focuses on long-term consistency rather than aggressive growth. With verified live performance, transparent execution, and no Grid or Martingale, Goldwave EA is an excellent choice for serious XAUUSD traders.
Best For
✅ Gold (XAUUSD) traders
✅ Prop Firm traders
✅ Conservative long-term investors
✅ Traders seeking AI-assisted automation
✅ VPS users
✅ Traders who prioritize capital preservation
Overall Rating
9.7 / 10 ⭐⭐⭐⭐⭐
| Category | Rating |
|---|---|
| Trading Strategy | 9.6 / 10 |
| Live Performance | 9.8 / 10 |
| Risk Management | 9.9 / 10 |
| Ease of Use | 9.5 / 10 |
| Value for Money | 9.5 / 10 |
What is Goldwave EA?
Goldwave EA is a fully automated MetaTrader 5 Expert Advisor developed exclusively for XAUUSD (Gold). Rather than relying on fixed technical indicators or rigid entry rules, the EA employs AI-assisted adaptive decision logic that evaluates changing market conditions before executing trades.
Its objective is not to maximize the number of trades but to participate only when the probability of success is considered favorable. Combined with conservative money management, fixed Stop Loss and Take Profit protection, spread filtering, and advanced news filtering, Goldwave EA is designed to deliver stable long-term performance while minimizing unnecessary market exposure.
Vendor Website: View here
About the Developer
Goldwave EA was created by Shengzu Zhong, a professional MQL5 developer from the United Kingdom with over 16 years of real trading experience. His development philosophy emphasizes transparency, disciplined risk control, and sustainable live performance instead of curve-fitted historical results.
Other Products from the Developer:
⭐ Goldwave EA MT5
⭐ AXIO Gold EA MT5
⭐ Gem SIGNAL MT5
⭐ Super Signal Skyblade Edition MT4
The developer is well known for providing continuous product updates, responsive customer support, and verified live trading transparency.
How Does Goldwave EA Work?
AI-Assisted Adaptive Trading Engine
Goldwave continuously analyzes market structure, volatility, and risk conditions before determining whether a trade should be opened.
Unlike traditional indicator-based Expert Advisors, its entry conditions adapt dynamically to changing market environments.
Intelligent Trade Selection
Instead of trading continuously, Goldwave patiently waits for high-quality opportunities, helping reduce unnecessary exposure during uncertain market conditions.
Fixed Risk Per Trade
Every position is protected by predefined Stop Loss and Take Profit levels, while intelligent trade management attempts to close positions before the emergency Stop Loss becomes necessary.
Real-Time Market Protection
The EA incorporates several protective layers, including:
🔹 Economic News Filter
🔹 Spread Filter
🔹 Prop Firm Drawdown Controls
🔹 Daily Loss Protection
🔹 AI-assisted market filtering
These features work together to improve execution quality and reduce trading during unfavorable conditions.
Key Features of Goldwave EA
AI-Assisted Adaptive Logic
Uses adaptive decision-making rather than fixed indicator signals.
No Grid or Martingale
Every trade is completely independent with predefined risk.
Professional Money Management
Supports conservative lot sizing together with customizable position sizing.
Advanced News Filter
Automatically pauses trading before and after important economic events.
Prop Firm Protection
Includes daily loss limits, maximum drawdown controls, equity-based risk management, and automatic trading locks.
Spread Protection
Avoids opening new trades during periods of excessive spread widening.
Visual Information Panel
Displays important trading information directly on the chart.
Designed for Real Market Conditions
Optimized for forward execution instead of purely historical optimization.
Verified Live Signal Performance
The verified MQL5 live signal demonstrates impressive long-term consistency with disciplined drawdown control.
Goldwave EA MT5 Live Signal
| Metric | Result |
|---|---|
| Growth | 658.68% |
| Signal Age | 58 Weeks |
| Reliability | High |
| Reviews | 18 Reviews |
| Profit Trades | 97.1% |
| Maximum Drawdown | 17.0% |
| Initial Deposit | $50 |
| Current Equity | $379.34 |
| Profit | $329.34 |
| Trading Activity | 3% |
Live Performance Analysis
Goldwave’s live signal highlights one of its greatest strengths—high-quality trade selection rather than high trading frequency.
With an exceptional 97.1% winning trade ratio, nearly 659% total growth, and only 17% maximum drawdown, the live account reflects a disciplined approach focused on long-term capital appreciation instead of aggressive trading.
The relatively low trading activity further supports the developer’s philosophy of waiting patiently for favorable market conditions.
Historical Trading Results Performance
Although the developer clearly emphasizes live performance over historical optimization, the available historical results still demonstrate solid trading consistency.
Goldwave EA MT5 Backtest Results
| Metric | Result |
|---|---|
| Symbol | XAUUSD |
| Timeframe | M1 |
| Test Period | 2026.01.01 – 2026.06.30 |
| Initial Deposit | $1,000 |
| Total Net Profit | $1,251.70 |
| Profit Factor | 6.22 |
| Total Trades | 56 |
| Winning Trades | 87.50% |
| Balance Drawdown | 6.40% |
| Equity Drawdown | 30.97% |
| Largest Consecutive Wins | 24 Trades |
Historical Performance Analysis
The historical test reflects the EA’s conservative trading philosophy. Only 56 trades were executed during the testing period, yet the system achieved a Profit Factor above 6.0 and an impressive 87.5% winning ratio.
While the developer notes that backtests cannot fully reproduce live AI-assisted decision logic due to WebRequest limitations, the results still indicate disciplined execution and strong profitability.
What Real Users Are Saying (User Reviews)
⭐⭐⭐⭐⭐ Jhonatas.rocha
“The EA performed very well during backtesting, and I’m now waiting for more live trading opportunities.”
⭐⭐⭐⭐⭐ Fuad Hayat
“I’ve been running the EA with conservative lot sizing for two weeks. Only one losing trade out of ten—very impressive.”
⭐⭐⭐⭐⭐ Dan 20838
“Setup was straightforward. Goldwave automates Gold trading well and removes emotional decision-making. So far, the trades have been consistently profitable.”
⭐⭐⭐⭐⭐ Panu Surachid
“Goldwave has been very stable. It opens precise trades, generated only one small losing trade during the month, and the developer provides excellent support.”
User reviews of Goldwave EA MT5
Why Goldwave EA Stands Out
AI-Assisted Adaptive Decision Making
Instead of relying on static indicator rules, Goldwave continuously adapts to changing market conditions before opening trades.
Transparency
The developer openly explains why live trading should be considered more representative than optimized historical backtests.
Conservative Trading Philosophy
Goldwave intentionally sacrifices trade frequency in favor of higher-quality opportunities.
Strong Capital Protection
Multiple integrated safety layers help reduce unnecessary exposure during volatile market periods.
Verified Live Results
The public MQL5 signal provides real forward performance over more than one year, offering greater confidence than short-term demonstrations.
Risk Management Features
Conservative Position Sizing
Uses LOT_CONSERVATIVE mode by default to reduce account exposure.
Fixed Stop Loss & Take Profit
Every trade includes predefined emergency protection levels.
News Protection
Automatically pauses trading around high-impact economic announcements.
Spread Filter
Avoids poor execution caused by unusually high spreads.
Prop Firm Protection
Includes:
🔹 Daily loss limits
🔹 Maximum drawdown protection
🔹 Equity-based risk percentage
🔹 Automatic trading lock
🔹 Recovery buffer
🔹 Cooldown period
No High-Risk Recovery Systems
Goldwave deliberately avoids:
🔹 Grid Trading
🔹 Averaging Down
Recommended Trading Conditions
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. |
Product Download Package?
The download package of the product suite includes:
Experts
Goldwave EA MT5_2.33_fix.ex5
Goldwave EA MT5_2.35_fix.ex5
SetFiles
Goldwave_Low Risk.set
Goldwave New Optimization_M1.set
Reviewed by David Easton
Weaknesses and Risk Warnings
Backtesting Limitations
Because Goldwave relies on WebRequest-based news filtering and AI-assisted adaptive logic, historical backtests cannot perfectly reproduce live market behavior.
Gold Volatility
Despite advanced filtering, XAUUSD remains a highly volatile instrument capable of producing temporary drawdowns.
Low Trading Frequency
The EA intentionally waits for high-quality setups, meaning extended periods without trades are normal.
No Guaranteed Returns
Like every automated trading system, Goldwave cannot guarantee future profitability. Market conditions constantly evolve, and prudent risk management remains essential.
Who Should Use Goldwave EA?
Ideal Users
🔹 Gold traders seeking long-term consistency
🔹 Prop Firm traders
🔹 Traders who value disciplined risk management
🔹 Investors preferring lower trading frequency
🔹 VPS users
🔹 Traders seeking AI-assisted automation
Not Recommended For
🔹 Traders looking for high-frequency scalping
🔹 Investors expecting guaranteed profits
🔹 Users unwilling to wait for quality setups
🔹 Traders seeking aggressive account growth with high leverage
Final Verdict
Goldwave EA is a premium automated Gold trading solution that combines AI-assisted adaptive decision logic, conservative money management, professional risk controls, and verified long-term live performance into one comprehensive Expert Advisor.
Rather than chasing unrealistic returns through Grid or Martingale systems, Goldwave emphasizes disciplined execution, intelligent trade selection, and sustainable account growth. Its integrated news filter, spread protection, Prop Firm safeguards, and transparent development philosophy make it particularly attractive for traders who prioritize capital preservation over excessive trading activity.
For traders searching for a reliable XAUUSD Expert Advisor with verified live results, strong risk management, and long-term stability, Goldwave EA stands out as one of the most compelling professional Gold trading robots currently available.
🔢 Goldwave EA Settings Guide – Complete Parameter Explanation
Goldwave EA is a professional automated trading Expert Advisor designed for traders who want flexible money management, built-in news protection, spread filtering, Prop Firm risk controls, and customizable trade execution.
The EA combines conservative position sizing, fixed Stop Loss (SL) and Take Profit (TP) management, advanced account protection, and visual monitoring tools to help traders optimize performance while maintaining disciplined risk management.
🔢 Goldwave EA Settings Explained
Below are the details of the parameters in the advisor’s trading system settings table:
Goldwave EA Settings Panel
🔄 Contact Information
🔹 CI_Line1: /////////////////////////////////////////////// – Displays a visual separator for the Contact Information section.
🔹 CI_Title: — Contact Information — – Displays the Contact Information header.
🔹 CI_Note 1: EA is run and forget, friendly to all traders – General note indicating the EA is designed for simple, automated operation.
🔹 CI_Info: If you need any help, feel free to contact me: – Displays the developer’s support message.
🔹 CI_Telegram: https://t.me/tweettasweet – Provides the developer’s Telegram contact link.
🔹 CI_Line2: /////////////////////////////////////////////// – Displays the closing separator for the Contact Information section.
🔹 TradeComment: My Telegram: @tweettasweet – Adds “My Telegram: @tweettasweet” as the trade comment for identification.
🔄 Position Size Settings
🔹 sep1: POSITION SIZE – Section header for money management settings.
🔹 LotMode: LOT_CONSERVATIVE – Uses the LOT_CONSERVATIVE position sizing method for conservative risk management.
🔹 Fixed Lot (only used when LotMode = Fixed): 0.01 – Opens trades using 0.01 lots when Fixed Lot mode is selected.
🔹 MaxLot: 1.0 – Limits the maximum trading volume to 1.0 lot.
🔹 MinLot: 0.01 – Sets the minimum allowable trading volume to 0.01 lots.
🔄 Stop Loss & Take Profit Settings
🔹 sep2: SL/TP – Section header for Stop Loss and Take Profit configuration.
🔹 UseFixedSL: true – Enables a fixed Stop Loss for every trade.
🔹 FixedSL_Pips: 3000.0 – Sets the fixed Stop Loss distance to 3000.0 pips/points (broker specification dependent).
🔹 UseFixedTP: true – Enables a fixed Take Profit for every trade.
🔹 FixedTP_Pips: 3000.0 – Sets the fixed Take Profit distance to 3000.0 pips/points.
🔄 News Filter
🔹 sep_news: NEWS FILTER – Section header for economic news protection.
🔹 UseNewsFilter: true – Enables the built-in economic news filter.
🔹 StopMinutesBefore: 60 – Stops opening new trades 60 minutes before scheduled news events.
🔹 StopMinutesAfter: 60 – Resumes trading 60 minutes after scheduled news events.
🔹 UseHighImpact: true – Filters High-Impact economic news events.
🔹 UseMediumImpact: false – Medium-impact news events are ignored.
🔹 UseLowImpact: false – Low-impact news events are ignored.
🔹 EnableDetailedNewsFilter: true – Enables advanced news filtering for more precise event handling.
🔹 NewsURL: https://nfs.faireconomy.media/ff_calendar_thisweek.json – Specifies the economic calendar data source used by the EA.
🔄 Account Settings
🔹 sep_account: ACCOUNT UNIT – Section header for account configuration.
🔹 InpAccountUnitMode: ACCOUNT_UNIT_AUTO – Automatically detects and uses the account currency unit.
🔄 Spread Filter
🔹 sep_spread: SPREAD FILTER – Section header for spread protection.
🔹 Enable Spread Filter: true – Prevents the EA from opening trades when spreads become excessively high.
🔹 Max allowed spread in points to open trade: 150.0 – New trades are allowed only when the spread is 150.0 points or lower.
🔄 Prop Firm Gates (For Prop Firm Accounts Only)
🔹 sep_prop: PROP FIRM GATES (For prop firm accounts only) – Section header for Prop Firm protection settings.
🔹 ENABLE: Prop Protection (Daily Loss + MaxDD + Risk Override): false – Disables the complete Prop Firm protection system.
🔹 Override EA’s LotMode with PropRiskPct (when Enabled): true – Automatically overrides the standard lot sizing method with Prop Firm risk settings when Prop Protection is enabled.
🔹 Risk % per trade (EQUITY-based, 0.1~0.2 recommended): 0.2 – Uses 0.2% equity risk per trade, which is the recommended conservative setting.
🔹 Daily loss % of EQUITY → lock until next day 00:00: 5.0 – Locks trading if the daily equity loss reaches 5.0% until the next trading day.
🔹 Max DD % from initial EQUITY → force close + lock: 20.0 – Closes all trades and locks the EA if total drawdown reaches 20.0% of the initial account equity.
🔹 Unlock buffer % (EQUITY-based, avoids bounce): 0.5 – Requires equity to recover by 0.5% before unlocking protection.
🔹 Cooldown minutes after auto unlock: 120 – Waits 120 minutes after automatic unlocking before trading resumes.
🔹 When locked: true = close ALL | false = close this EA only: false – When protection is triggered, only positions managed by this EA are affected.
🔄 Night Filter
🔹 sep_night: NIGHT FILTER – Section header for overnight trading restrictions.
🔹 Enable Night No-Trade Window: false – Night trading restriction is disabled.
🔹 Block start time (server time, HH:MM): 23:00 – Defines the night trading restriction start time as 23:00.
🔹 Block end time (server time, HH:MM, next day if < start): 01:05 – Defines the restriction end time as 01:05 on the following day.
🔄 Info Panel
🔹 Info Panel – Section header for chart display settings.
🔹 Enable Info Panel: true – Displays the EA information panel on the trading chart.
🔹 X Position: 10 – Places the information panel 10 pixels horizontally from the selected corner.
🔹 Y Position: 36 – Places the information panel 36 pixels vertically from the selected corner.
🔹 Panel Size Scaling: 1.1 – Scales the panel size to 1.1 times the default.
🔹 Corner Position: Left upper chart corner – Positions the information panel in the upper-left corner of the chart.
🔢 Conclusion
Goldwave EA provides a comprehensive configuration panel that combines conservative lot sizing, fixed Stop Loss and Take Profit management, intelligent news filtering, spread protection, Prop Firm risk controls and customizable chart visualization.
With support for automatic account detection, advanced risk limits, and flexible trading restrictions, the EA allows traders to build a disciplined and reliable automated trading environment suitable for both personal and professional trading accounts.
🔢 FAQs
❓ What lot sizing method does Goldwave EA use by default?
The EA uses LOT_CONSERVATIVE, providing a conservative money management approach designed to reduce trading risk.
❓ Does Goldwave EA include a built-in news filter?
Yes. The EA filters High-Impact economic news by default, pauses trading 60 minutes before and 60 minutes after major events, and supports detailed news filtering.
❓ Can Goldwave EA be used on Prop Firm accounts?
Yes. The EA includes a dedicated Prop Firm Gates section with configurable equity risk limits, daily loss protection, maximum drawdown controls, and automatic trading lock features.
❓ How does the Spread Filter work?
When Enable Spread Filter = true, the EA only opens new trades if the market spread is 150.0 points or lower, helping avoid poor execution during volatile conditions.
❓ Can I disable overnight trading?
Yes. By enabling the Night No-Trade Window, you can prevent the EA from opening trades between the configured 23:00 and 01:05 server time window.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What market is Goldwave EA designed to trade?
Goldwave EA is built exclusively for XAUUSD, using AI-assisted adaptive logic to evaluate Gold market conditions and execute disciplined automated trades.
❓ Does Goldwave EA use Grid or Martingale strategies?
No. Goldwave EA avoids Grid, Martingale, and averaging techniques, managing every trade independently with controlled risk and defined exits.
❓ How does Goldwave EA manage trading risk?
Goldwave EA combines fixed Stop Loss, adaptive exit logic, conservative lot sizing, and optional Prop Firm protection to maintain disciplined risk control.
❓ Can Goldwave EA trade automatically without supervision?
Yes. Goldwave EA continuously monitors market conditions, opens and manages trades automatically, and pauses trading when predefined filters are triggered.
❓ Does Goldwave EA include a news filter?
Yes. Goldwave EA features an advanced news filter that blocks trading around high-impact economic events to reduce unnecessary market risk.
❓ What timeframe is recommended for Goldwave EA?
Goldwave EA is recommended for the M1 chart, allowing the system to monitor price changes efficiently while maintaining its adaptive trading logic.
❓ What is the recommended minimum deposit for Goldwave EA?
Goldwave EA recommends a minimum deposit of $500, providing sufficient flexibility for its adaptive money management and risk control system.
❓ Can I customize the risk settings in Goldwave EA?
Yes. Goldwave EA allows traders to adjust lot sizing, risk parameters, spread limits, and protection features to match individual trading preferences.
❓ Why can Goldwave EA backtests differ from live trading?
Goldwave EA uses WebRequest and AI-assisted adaptive filtering, features that cannot be fully reproduced in historical backtests, making live results more representative.
❓ Is Goldwave EA suitable for Prop Firm accounts?
Yes. Goldwave EA includes optional Prop Firm protections such as daily loss limits, maximum drawdown controls, and equity-based risk management for funded accounts.
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