Wave Rider EA MT5 (Latest version) – Group Buy
Select a variant to see availability.
What is Wave Rider EA MT5?
Wave Rider EA MT5 is a professional Expert Advisor (EA) designed for automated trading on XAUUSD, combining fast scalping execution with intelligent grid recovery. Using multi-timeframe Indicators and structured risk management, the EA adapts to changing market conditions while maintaining stability. Its algorithm prioritizes trend alignment, controlled exposure, and layered account protection to ensure disciplined and resilient trading performance.
Vendor Website: View here
This is GroupBuy ==> How to Join
About the Author
This product is compiled by Adam Hrncir. This author has more than +1 years of experience working on MQL5 with many famous products such as Wave Rider EA MT5, Wave Rider EA MT4 and other advisors. Among them, Wave Rider EA MT5 is his best performing products.
Key Features of Wave Rider EA MT5
🔹 Hybrid Scalper and Grid Architecture: Combines fast scalping entries with intelligent Grid recovery designed to stabilize trades.
🔹 Triple Timeframe Confirmation Engine: Uses H1 trend filtering with M15 and M30 entry signals for higher accuracy.
🔹 Four Adaptive Trading Strategies: Includes support resistance, pullback, breakout and momentum setups.
🔹 Three Layers of Capital Protection: Integrated drawdown control, ATH filter and dynamic exit for safety.
🔹 Advanced Monitoring Dashboard: Displays strategy status, drawdown tracking and position levels.
Why Choose & Use Wave Rider EA MT5?
🔹 Optimized for Gold Market Dynamics: Designed specifically for XAUUSD with fast execution logic.
🔹 Reduced Market Exposure Strategy: Most trades close quickly, limiting prolonged risk exposure.
🔹 Adaptive to Multiple Market Conditions: Different strategies activate depending on volatility.
🔹 Robust Automated Risk Management: Protects capital through layered safety controls and filters.
🔹 Marketplace Ready Professional EA: Suitable for traders seeking stable automated systems.
Wave Rider EA MT5 Review
Wave Rider EA MT5 Signal Results
The Wave Rider EA MT5 achieved impressive profit performance when trading with XAUUSD (Gold). Trading results on real account for 9 consecutive weeks of trading.
✅ Initial Deposit: €300
✅ Growth Rate: +51%
✅ Win Rate (% of total): 79.7%
✅ Maximum Drawdown: 7.8%
Wave Rider EA MT5 Signal Results
Wave Rider EA MT5 Backtest Results
The Wave Rider EA MT5 have achieved impressive profit performance over many years of trading. The advisor shows amazing ability to master the market and increase profits.
🔶 The Wave Rider EA MT5 backtest trading results achieved impressive profit performance for 12 months on the XAUUSD pair. Detailed performance metrics when trading on Fusion Markets:
✅ Initial Deposit: $100,000.00
✅ Total Net Profit: $875,346.48
✅ Win Rate (% of total): 82.89%
✅ Maximum Drawdown: 2.45%
Wave Rider EA MT5 Backtests
🔶 The Wave Rider EA MT5 backtest trading results achieved impressive profit performance for 12 months on the XAUUSD pair. Detailed performance metrics when trading on IC Markets:
✅ Initial Deposit: $100,000.00
✅ Total Net Profit: $767,838.04
✅ Win Rate (% of total): 83.65%
✅ Maximum Drawdown: 2.32%
Wave Rider EA MT5 Backtests Results
What is the Wave Rider EA MT5 Trading Strategy?
🔹 Trend-Aligned Entry System: Trades only when lower timeframe signals align with the higher timeframe trend.
🔹 Support and Resistance Detection Logic: Uses ZigZag analysis and volatility filters to locate reliable zones.
🔹 Pullback and Momentum Strategy: Captures retracements using multi-timeframe momentum confirmation.
🔹 Breakout Detection Framework: Identifies consolidation breaks and follows directional price expansion.
🔹 Controlled Grid Recovery Mechanism: Progressive spacing helps stabilize positions during adverse moves.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 5 (MT5) |
| Time frames | Any |
| Currency pairs | XAUUSD (Gold) |
| Minimum / Recommended deposit | $300 (0.01 lot) |
| Minimum / Recommended leverage | 1:100 |
| Account type | Hedge (ECN/RAW spread brokers) |
| 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:
Setting (If Any).docx
Installation Guide.docx
Conclusion
In short, Wave Rider EA MT5 is a powerful automated trading solution designed specifically for XAUUSD. By combining fast scalping entries with an intelligent grid recovery system and multi-timeframe confirmation, it adapts effectively to changing gold market conditions. With layered risk management and strict exposure control, this EA delivers disciplined execution and stable long-term trading performance.
Wave Rider EA MT5 Settings Explained & Risk Analysis
Introduction to Wave Rider EA MT5
Wave Rider EA is a multi-strategy automated trading system for MetaTrader 5 (MT5) designed to capture market opportunities using a combination of grid recovery, trend breakout, pullback entries and support & resistance strategies. It integrates advanced risk management, news filtering, and time-based execution, making it suitable for both prop firm trading and long-term portfolio automation.
Unlike simple EAs, Wave Rider is a hybrid system, combining multiple strategies with grid recovery logic and dynamic risk control.
Protection Manager (Risk Control System)
Drawdown Protection
| Setting | Value | Explanation |
|---|---|---|
| Drawdown Protection | Enabled | Activates risk control |
| Calculation Mode | % of starting balance | Based on initial capital |
| Max Drawdown | 35% | Stops trading at this level |
Analysis:
- 35% is relatively high
- Suitable for aggressive accounts
- Should be reduced to 10–20% for prop firms
Advanced Protection Features
| Setting | Value | Explanation |
|---|---|---|
| Prevent Trading Near ATH | Disabled | Allows trading near equity highs |
| ATH Timeframe | 1 Week | Reference period |
| Distance from ATH | 0.25% | Safety margin |
| Dynamic Exit | Disabled | No emergency close |
| Trigger Move | 0.5% | Rapid move threshold |
| Lookback Window | 120 sec | Monitoring period |
Insight: Dynamic exit disabled → no fast crash protection.
News Filter System
| Setting | Value | Explanation |
|---|---|---|
| News Filter | Enabled | Uses ForexFactory & MQL5 |
| High Impact News | Filtered | Avoids major events |
| Medium Impact | Not filtered | Still trades |
| Stop Before News | 60 min | Pause trading |
| Resume After News | 30 min | Resume trading |
Covered Events:
- FOMC
- NFP
- CPI
- Interest Rate Decisions
Strong protection against volatility spikes
Strategy Modules
Wave Rider uses 4 independent strategies:
S01 – Support & Resistance
| Setting | Value |
|---|---|
| Enabled | Yes |
| Trading Time | 05:00 – 20:00 |
| Timeframes | M15 & M30 |
Trades key price levels
S02 – Pullback Strategy
| Setting | Value |
|---|---|
| Trading Time | 01:15 – 13:00 |
Captures retracements in trends
S03 – Trend Breakout
| Setting | Value |
|---|---|
| Trading Times | 06:00–11:00 & 16:30–21:00 |
Focuses on volatility sessions (London & NY)
S04 – M5 Strategy
| Setting | Value |
|---|---|
| Trading Time | 06:00 – 21:00 |
| Candle Confirmation | Disabled |
High-frequency strategy for lower timeframe
Main Trading Settings
| Setting | Value | Explanation |
|---|---|---|
| Trade Mode | Recovery (Grid) | Uses grid system |
| Trade Direction | Buy & Sell | Bi-directional trading |
| Entry Strictness | Normal | Balanced filtering |
| One Strategy at a Time | Enabled | Prevents overlap |
| Max Spread | 50 points | Controls entry cost |
Important Insight:
- Grid recovery = higher risk but faster recovery
- Single strategy mode reduces conflict
Position Sizing
| Setting | Value | Explanation |
|---|---|---|
| Size Method | Automatic | Dynamic lot sizing |
| Base Lot | 0.01 | Starting size |
| Risk Level | Low | 0.01 per $2000 |
| Custom Balance | $1000 | Scaling base |
Safe configuration:
- Very conservative
- Suitable for small accounts
Grid Settings (Core Strategy Engine)
| Setting | Value | Explanation |
|---|---|---|
| Max Grid Orders | 16 | Max recovery trades |
| Lot Multiplier | 1.0 | No martingale |
| Grid Distance | 22 pips | Tight spacing |
| Profit Target | 12 pips | Basket TP |
| Progressive Spacing | Enabled | Expands grid |
| Distance Multiplier | 1.2 | Wider gaps over time |
Key Insight:
- Multiplier = 1.0 → safer than martingale
- Progressive spacing reduces risk
Trailing Stop System
| Setting | Value |
|---|---|
| Trailing Enabled | Yes |
| Start After | 2.5 pips |
| Step | 3 pips |
Locks profits dynamically → improves risk/reward
Single Trade Settings
| Setting | Value |
|---|---|
| Stop Loss | 250 pips |
| Take Profit | 50 pips |
| Trailing Start | 12 pips |
| Trailing Step | 3 pips |
Balanced setup:
- Wide SL for volatility
- Smaller TP for frequent wins
Time Management
| Setting | Value |
|---|---|
| Weekly Filter | Enabled |
| Mon–Thu Sessions | Multiple time windows |
| Friday Trading | Enabled |
| Friday NFP Trading | Enabled |
Highly customizable session control
Strengths and Weaknesses
Strengths
- Multi-strategy system
- Strong news filter
- Grid without martingale (safer)
- Dynamic lot sizing
- Trailing stop enabled
- Time-based optimization
Weaknesses
- Drawdown limit too high (35%)
- Dynamic exit disabled
- Grid still carries risk
- Tight grid spacing (22 pips)
Optimization Recommendations
For Prop Firm Trading
- Reduce drawdown → 10%
- Disable Friday trading
- Increase grid distance → 30–50 pips
For Safer Trading
- Enable dynamic exit
- Reduce max grid orders → 8–10
- Keep multiplier at 1.0
For Aggressive Growth
- Increase lot size slightly
- Keep all strategies active
- Allow more grid levels
Conclusion
The Wave Rider EA MT5 configuration is a powerful multi-strategy trading system that combines grid recovery, trend trading and smart filtering mechanisms. Its use of automatic lot sizing, progressive grid spacing, and trailing stop management makes it significantly safer than traditional martingale-based EAs.
However, the current configuration still carries risk due to grid exposure and a high drawdown threshold (35%). With proper optimization—especially reducing drawdown limits and refining grid settings—Wave Rider EA can become a highly efficient and balanced automated trading solution for both retail traders and prop firm environments.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What type of strategy does Wave Rider EA MT5 use?
Wave Rider EA MT5 combines fast scalping execution with an intelligent grid recovery mechanism, allowing it to capture quick profits while stabilizing positions during temporary market reversals.
❓ Is Wave Rider EA MT5 optimized specifically for gold trading?
Yes, Wave Rider EA MT5 is designed exclusively for XAUUSD, using strategies tailored to the volatility and liquidity characteristics of the gold market.
❓ How does Wave Rider EA MT5 confirm trade entries?
Wave Rider EA MT5 uses a triple timeframe confirmation system, combining H1 trend direction with M15 and M30 entry signals to improve trade accuracy.
❓ Does Wave Rider EA MT5 use multiple trading strategies?
Wave Rider EA MT5 integrates four adaptive strategies, including support-resistance trading, pullback entries, breakout detection, and momentum-based signals.
❓ How does Wave Rider EA MT5 protect trading capital?
Wave Rider EA MT5 includes three layers of capital protection such as drawdown control, ATH filtering, and dynamic exit management to reduce risk exposure.
❓ What is the minimum deposit required for Wave Rider EA MT5?
Wave Rider EA MT5 recommends a minimum deposit of $300 when trading with a 0.01 lot size to maintain stable risk management.
❓ Can Wave Rider EA MT5 adapt to different market conditions?
Yes, Wave Rider EA MT5 dynamically activates different strategies depending on volatility and market structure to remain effective in changing environments.
❓ Does Wave Rider EA MT5 keep trades open for a long time?
Most trades in Wave Rider EA MT5 are designed to close quickly through scalping logic, which helps limit prolonged market exposure.
❓ What brokers are suitable for running Wave Rider EA MT5?
Wave Rider EA MT5 performs best with ECN or RAW spread brokers where execution speed and low spreads support its scalping strategy.
❓ Does Wave Rider EA MT5 include a monitoring dashboard?
Yes, Wave Rider EA MT5 features an advanced dashboard displaying drawdown levels, active strategy status, and position monitoring in real time.
-
Price range: $80.00 through $599.00 -
Price range: $75.00 through $599.00 -
Price range: $75.00 through $599.00 -
Price range: $89.00 through $599.00
-
4 -
7Original price was: $1,199.00.$229.00Current price is: $229.00. -
2 -
5Price range: $89.00 through $599.00
There are no reviews yet.