Wave Rider EA MT5

Scalper speed with sniper entries. Built for Gold.

4 Strategies. One Goal. Consistent Gold Trading.

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!).

Switch between them with a single dropdown. Same high-quality entries either way.

Intelligent Recovery Done Right. Fully Customizable. Can be disabled.

In Grid mode, the recovery system is your backup plan, not your main strategy. It only activates when the market moves against an open position:

- Progressive spacing — grid levels get wider as depth increases
- Configurable lot multiplier (default 1.0 — no martingale)
- Breakeven calculation across all grid positions
- Trailing stop that locks in profits once TP is exceeded
- Visual TP line on chart for clear monitoring
- Quick profit target — grab pips and exit

3 Layers of Protection. Your Account Comes First.

• Drawdown Protection — Daily drawdown tracking against peak equity (percentage or money). Automatically closes all positions and pauses trading when your threshold is hit. Resets daily.
• ATH Protection — Prevents new entries when price is near all-time highs. Configurable timeframe and percentage threshold — stop buying the top.
• Dynamic Exit — Detects rapid adverse price moves and auto-closes all open positions. Protects you from news spikes, flash crashes, and sudden reversals.

Triple Timeframe Confirmation. No Fighting the Trend.

H1 EMA filter detects the overall trend direction.
Entries only trigger when lower timeframe signals align WITH the H1 trend — no fighting the market.
Configurable fast/slow EMA periods with optional EMA alignment and separation requirements.

Full Control. Full Transparency.

• Visual Dashboard — Optional on-chart display showing real-time account info, daily drawdown, strategy status (Disabled / Waiting / Active), daily P/L per strategy, and TP/breakeven prices. Includes a "Close All Positions" button and customizable font, font size, and DPI scaling.
• Position Sizing — Fixed Lot, Auto Risk (scales with balance — from Very Low to Very High), or Custom Scale (your own ratio). Pick what fits your risk profile.
• Time Management — Multiple trading windows per day, separate Friday schedule, automatic NFP detection, and per-strategy time ranges.

Trading Recommendations

Symbol: XAUUSD (Gold)
Timeframe: any (strategies use hard-coded timeframes)
Minimum Deposit: $300 (0.01 lot)
Recommended Deposit: $800+ for comfortable grid recovery. Single Position mode requires less — around $150 at 0.01 lot.
Account Type: Hedge
Leverage: 1:100 minimum, 1:500 recommended
Brokers: ECN/RAW spread brokers recommended with 2 digits (VT Markets, IC Markets or IC Trading, Fusion Markets, FP Markets, FxTrading or similar). Its not truly spread sensitive, but better conditions lead to better results. Exness and other 3 digits brokers are not recommended
VPS: Recommended for 24/5 operation
Testing: choose any timeframe, test from 2025-now with real ticks (quality of data drops for 2024 and less) 

What You Get

- 4 battle-tested trading strategies
- Two trade modes: Grid Recovery or Single Position (SL/TP)
- Built-in trailing stop for both modes
- Triple timeframe trend confirmation
- 3 layers of account protection (Drawdown, ATH, Dynamic Exit)
- Built-in volatility analyzer
- Visual dashboard
- Pre-optimized default settings — works out of the box
- Prop firm friendly (Single Position mode) - but prop firms create bad conditions for traders, no results guaranteed!
- Ongoing updates and improvements
- Direct support from the developer

DISCLAIMER: Trading foreign exchange and CFDs carries a high level of risk. Past performance is not indicative of future results. Always test on a demo account first. Grid trading requires sufficient margin — use the drawdown protection features and start with conservative lot sizes. Wave Rider is a professional tool built for patient traders who understand risk management.