Wave Rider EA MT5

Scalper speed with sniper entries. Built for Gold.

7 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 Bounce: Identifies oversold bounce setups on M5 using market strength, momentum, and candle patterns. Multiple confirmation layers keep entries precise.
• S05 — Smart-Money Volume: Reads volume and candle spread across several timeframes to detect No Supply, No Demand, Stopping Volume, and Buying Climax behavior.
• S06 — Momentum Continuation: Looks for fresh M15 trend ignition and follows momentum while the structure remains healthy.
• S07 — Impulse: Detects strong M30 impulses and enters controlled M5 pullbacks when the setup repeats.

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 — ideal for prop firm accounts. With 98% Win Rate

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:

- Independent BUY and SELL spacing — tested defaults use 22 pips for BUY and 35 pips for SELL
- Configurable lot multiplier (default 1.0 — no martingale)
- Breakeven calculation across all grid positions
- Broker-confirmed trailing stop that locks in profits once TP is exceeded
- Session-aware order handling avoids impossible requests while the market is closed
- Visual TP line and quick profit target for clear monitoring

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.

Smarter News Protection.

New entries pause for two hours before and after matching events. High-impact CPI, FOMC, and NFP block the release day and following day, while USD bank holidays block their full server day. Jobless claims and US presidential events receive the standard protected window. Open positions continue to be managed normally.

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.

Entry Profile and Position Risk. Two Separate Decisions.

Choose Cautious, Balanced, or Aggressive entry behavior separately from lot sizing. Balanced is the tuned default, leaving you free to combine entry selectivity with the account risk level that suits you.

Full Control. Full Transparency.

• NextGen Dashboard — A clean dark interface showing account performance, drawdown, seven strategy states, per-strategy P/L, news protection, and the calculated lot with its sizing risk and entry profile.
• Position Sizing — Fixed Lot, Auto Risk (scales with balance — from Very Low to High), or Custom Scale (your own ratio). Pick what fits your account.
• Time Management — Multiple trading windows per day, separate Friday schedule, and clear per-strategy "New Trades Allowed From / Until" controls. Existing positions remain managed outside entry windows.

Built and Checked Across Broker Feeds.

Version 5.0 testing from 2025 to current produced thousands of positions across multiple broker feeds. Broker prices, spreads, specifications, and history still differ, so always back-test your exact Gold symbol and settings with real ticks. Past results do not guarantee future performance.

Trading Recommendations

Symbol: XAUUSD (Gold)
Timeframe: any (strategies use internal 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 (VT Markets, Vantage, Blackbull, IC Markets or IC Trading, FxTrading or similar). It is not truly spread sensitive, but better conditions lead to better results.
VPS: Recommended for 24/5 operation
Testing: choose any timeframe and test from 2025 to current with real ticks (history quality is not trusted for 2024 and earlier) 

What You Get

- 7 battle-tested trading strategies
- Cautious, Balanced, and Aggressive entry profiles
- Two trade modes: Grid Recovery or Single Position (SL/TP)
- Independent BUY and SELL grid spacing
- Built-in trailing stop for both modes
- Multi-timeframe trend confirmation
- 3 layers of account protection (Drawdown, ATH, Dynamic Exit)
- Advanced news and USD bank-holiday protection
- Built-in volatility analyzer
- NextGen visual dashboard
- Pre-optimized default settings — works out of the box
- Prop firm friendly (Single Position mode)
- 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.