Wave Rider EA v5.61 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.

Gold has been volatile. Sharp drops, sudden reversals, and news-driven spikes have wiped out accounts running EAs that trade blindly.
Wave Rider was built with one principle: knowing when NOT to trade is just as important as knowing when to enter.
Triple timeframe trend confirmation, ATH protection, dynamic exit, and drawdown limits — the EA sits out when conditions are dangerous and only trades when the structure is right.

Each strategy targets a different market condition. Run them all together, or pick the ones that suit your style:

• S01 — Support and Resistance: Dual timeframe ZigZag-based detection of real support and resistance levels on M15/M30 — zones where price actually reversed, not arbitrary lines. Filters entries with volatility and trend strength confirmation.
• S02 — Pullback: Watches multiple timeframes (M1/M5/M15) for momentum shifts and catches retracements at the right moment. Includes bounce zone detection and exhaustion filtering to avoid false entries.
• S03 — Trend Breakout: Detects when price breaks out of a consolidation range with momentum confirmation. Rides strong directional moves with multiple entries.
• S04 — M5 Strategy: Identifies oversold/overbought bounce setups on the M5 chart using market strength, momentum, and candle pattern analysis. Multiple confirmation layers keep entries precise.

When one strategy waits, another may fire — giving you consistent coverage across different market conditions.
All strategies support both BUY and SELL directions. You can restrict to BUY only or SELL only if you prefer.

Two Trade Modes. You Choose How to Manage Risk.

Not everyone trades the same way. Wave Rider lets you pick the exit strategy that fits your style:

• Recovery (Grid) — Intelligent grid recovery with progressive spacing, trailing stop, and breakeven tracking. Your backup plan when the market moves against you. Default mode.
• Single Position (SL/TP) — One trade, fixed stop loss, fixed take profit, and a built-in trailing stop that locks in profit as price moves in your favor. No grid, no recovery layers. Clean and simple — can work with prop firm accounts (but prop firms create bad conditions for traders, no results guaranteed!).

WAVE RIDER EA Features

• Trading Platform: MetaTrader 5 (MT5)
• Trading Instrument: XAUUSD (Gold)
• Timeframe: Any timeframe supported (strategies operate with predefined internal timeframes)
• Minimum Deposit: $300 with 0.01 lot size
• Recommended Deposit: $800+ for more comfortable grid recovery operation. Single Position mode can operate with a lower balance, around $150 at 0.01 lot size.
• Account Type: Hedge account required
• Leverage: Minimum 1:100, with 1:500 recommended
• Broker Requirements: ECN or RAW spread brokers are recommended for better execution conditions

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

Important information!

For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)

Install a trading advisor on a VPS

Real Account Profit Recorded every Friday (end of the trading week)

What’s in the package?

Experts:

• Wave Rider EA v5.61 MT5.ex5

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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