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Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
Full refund before activation. Zero risk.
Change your mind before we activate the EA? You get a full refund, no questions asked. Simply email us within 7 days of purchase.
Once the EA is activated on your MT5 platform, the license is permanently yours and cannot be reclaimed. Refunds are only available before activation.
Installed directly from the MQL5 marketplace
Download updates yourself from the Purchases tab in MT5
Installed from the official marketplace, there's no difference
Goldwave EA MT5
The verified IC Markets live signal delivers the proof: 329% growth over 29 weeks with 97% win rate, 10.54 profit factor, and max 1 consecutive loss across 135 trades. With 41 reviews (4.72★), 57 purchases per month, and 2,769 demo downloads, Goldwave is one of the most actively adopted Gold EAs on MQL5. The EA uses WebRequest-based news filtering that cannot be replicated in backtests — the developer explicitly emphasises live results over historical testing.
- ✅ 329% verified live signal on IC Markets — 29 weeks, 97% WR, 10.54 PF, max 1 consecutive loss, 15% max DD
- ✅ AI-adaptive entry logic — not fixed indicators, adapts to market context, one position at a time, no grid or martingale
- ✅ 41 reviews (4.72★), 57 purchases/month — one of the most reviewed and adopted Gold EAs on MQL5, 16+ year developer
AI-adaptive. 329% live signal. 97% WR. 41 reviews. One position at a time.
Buy Now
Why pay full price at MQL5 without knowing how profitable this EA is?
Pay over 50% less for the exact same product — with all future updates included.
Don't risk being scammed by fake resellers. We are the only EA reseller rated Excellent on Trustpilot — check it yourself.
Original price was: $999.00.$479.95Current price is: $479.95.
Two Ways to Buy
The lowest genuine reseller price. Includes free future updates.
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
Quick Summary:
Goldwave EA for MT5 is an AI-adaptive Gold trading system by Shengzu Zhong, a developer with 16+ years of real trading experience. The EA doesn’t rely on fixed indicators or static trigger conditions. Instead, it uses adaptive decision logic that evaluates the current market context — trend quality, risk environment, and whether conditions are worth participating in — before placing any trade. One position at a time. No grid, no martingale, no averaging down.
The verified IC Markets live signal shows 329% growth over 29 weeks with 97% win rate and 10.54 profit factor. With 41 reviews (4.72★), 57 purchases per month, 2,769 demo downloads, and 170 comments, Goldwave is one of the most actively adopted and discussed Gold EAs on MQL5. The developer’s philosophy is refreshingly direct: he emphasises live results over backtests because the EA’s WebRequest-based news filtering cannot be replicated in the Strategy Tester.
Official MQL5 Listing:
Goldwave EA MT5 — MQL5 Marketplace
Live Signal:
Goldwave EA — IC Markets Live Signal
329% Verified Live Signal — 29 Weeks on IC Markets
✅ MQL5 Verified Live Signal — 29 Weeks
- Growth: 329.24%
- Monthly Growth: 18.50%
- Broker: IC Markets (ICMarketsSC-MT5-4), 1:500 leverage
- Initial Deposit: $50
- Current Equity: $214.62
- Profit: $164.62
- Total Trades: 135
- Win Rate: 97.03% (131 wins / 4 losses)
- Profit Factor: 10.54
- Recovery Factor: 15.98
- Max Consecutive Wins: 58 ($64.02)
- Max Consecutive Losses: 1 (-$10.22)
- Max Drawdown: 15%
- Max Deposit Load: 10.5%
- Trades Per Week: 7
- Avg Holding Time: 2 hours
- Trading Activity: 11.3%
- Algo Trading: 100%
- Signal Age: 29 weeks
What makes this signal exceptional:
Only 4 losses in 135 trades over 29 weeks — and the maximum consecutive losses is 1. The EA has never lost twice in a row on the live signal. When it does lose, it recovers immediately. The 10.54 profit factor means gross profits are 10.5x gross losses — verified over nearly 7 months of live trading on IC Markets.
The average holding time of 2 hours and 7 trades per week confirms this is a low-frequency, quality-focused system. It spends most of its time waiting for conditions to align. When it trades, the probability of success is overwhelmingly in its favour.
Why the Developer Prioritises Live Over Backtests
The developer is transparent about this — and his reasoning is sound:
Goldwave uses AI-assisted adaptive logic and a news filter via WebRequest. WebRequest connects to external data feeds in real time — something the MT5 Strategy Tester cannot replicate. This means backtest results will necessarily differ from live trading behaviour because the backtest can’t access the same information the EA uses in real time.
Rather than presenting optimised backtests as proof, the developer positions the live signal as the primary evaluation reference. This is the opposite of what most EA developers do — and it’s refreshingly honest. When a developer tells you NOT to trust backtests and shows you 29 weeks of verified live results instead, the credibility speaks for itself.
How the Adaptive Logic Works
Most Gold EAs use fixed indicators — price crosses a moving average, RSI reaches a level, Bollinger Band is touched. The entry logic is static and unchanging regardless of market conditions. Goldwave takes a different approach:
- Multi-timeframe confluence — cross-validates trend structures from M15 to H4, not just the attached timeframe
- Volatility state identification — classifies the current market environment before considering any entry
- Momentum clustering — assesses whether the trend has genuine persistence or is random noise
- News filtering — connects via WebRequest to real-time news data, automatically avoiding high-impact economic events
- Reduced participation — during uncertain or high-risk periods, the EA scales back or stays completely out
The entry criteria can adjust as market behaviour changes rather than staying locked to one rigid rule set. The “AI” component is rule-based algorithms that adapt to conditions — not a self-learning neural network. It’s designed to filter out low-quality trades rather than generate more signals.
Before every trade, the system asks three questions: Is the trend genuine? Is the risk environment appropriate? Is this condition worth participating in? If the answer to any question is no, the EA waits.
Risk Architecture — One Position at a Time
- No martingale — lot sizes don’t increase after losses
- No grid trading — no position pyramiding or stacking
- No averaging down — each trade is independent
- One position at a time — maximum risk is always known and bounded
- Volatility-based stop loss — adjusts to current conditions rather than using fixed pip distances
- Fixed SL backstop — last line of defence in extreme situations regardless of adaptive settings
- Drawdown control — built-in risk exposure limits
One position at a time is the simplest and safest risk model possible. You always know exactly how much capital is at risk. There’s no hidden exposure from stacked positions, no cascading losses from grid layers, no escalating lot sizes from martingale recovery. When Goldwave has a position open, that’s the only position. When it doesn’t, your capital sits safely with the broker.
Customer Reviews — 41 on MQL5 (4.72★)
With 41 reviews averaging 4.72★, 57 purchases per month, and 170 comments, Goldwave has one of the most active buyer communities on MQL5 for any Gold EA. Three verified reviews:
★★★★★ “Best EA in the Market — awesome results with good DD control.”
Has been using for 3 weeks. May have been the first buyer. Support has been great with quick responses for fixes or changes. Simply: just buy it.
— Avinash Reddy Kummetha, MQL5 Verified Buyer
★★★★★ “It’s been closing only take-profits for me for a month.”
Purchased because of the strong support, real live test available, and — most importantly — consistent results. Very satisfied. Looking forward to long-term performance.
— Mohsen Moshiri, MQL5 Verified Buyer
★★★★★ “The author explicitly emphasizes live results over backtests — that’s credibility.”
Low-frequency Gold system with strict risk control. Single position, no grid or martingale, AI-assisted logic with news filtering. Developer has 16+ years experience and presents a philosophy centred on capital protection and realistic returns.
— Ferran Lopez Navarro, MQL5 Verified Buyer
EA Setup
- Platform: MetaTrader 5
- Instrument: XAUUSD (Gold) exclusively
- Timeframe: M1 recommended (for earlier signal detection — doesn’t increase trade frequency)
- Strategy: AI-adaptive trend recognition with multi-timeframe confluence and news filtering
- Position Management: One position at a time
- Stop Loss: Volatility-based dynamic + fixed backstop
- Grid / Martingale: None — no averaging
- Trade Frequency: ~7 trades per week, avg 2-hour holding time
- Minimum Deposit: $500 recommended
- Broker: ECN/RAW spread recommended (IC Markets on the live signal)
- Leverage: 1:500 (used on live signal)
- WebRequest: Required — enable in MT5 settings for news filter functionality
- VPS: Recommended for 24/5 operation
- Settings: Contact developer after purchase for user manual and recommended settings
Our Assessment
Based on the 29-week live signal, 41 reviews, developer philosophy, and system architecture:
- Live Signal — Among the Best on MQL5: 329% growth with 97% WR, 10.54 PF, and max 1 consecutive loss across 29 weeks is exceptional by any measure. The signal runs on IC Markets — a well-regarded ECN broker. 135 trades over 29 weeks provides a meaningful sample size. The 15% max drawdown is controlled relative to the 329% return
- Developer Philosophy: Explicitly deprioritising backtests in favour of live results is unusual and credible. The WebRequest-based news filter genuinely cannot be backtested — this isn’t an excuse, it’s a technical reality. A developer who tells you his backtests aren’t reliable and shows you 7 months of verified live results instead is demonstrating confidence in his system
- Adaptive vs Fixed Logic: Most EAs are “if indicator crosses X, enter.” Goldwave evaluates market context before deciding whether the current environment justifies a trade at all. This adaptive approach is why the EA sometimes stays out for days — and why the win rate is 97%. It only trades when conditions overwhelmingly favour success
- One-Position Architecture: Trading one position at a time is the most transparent risk model possible. You always know your exact exposure. No hidden risk from stacked positions, no cascading grid losses. This simplicity is a feature, not a limitation
- Review Volume: 41 reviews at 4.72★ with 57 purchases per month and 170 comments represents genuine community adoption. The slightly-below-5.0 average is honest — some traders have mixed experiences, which is expected with any EA. The predominantly positive reviews highlight consistent profits, good support, and the developer’s honest approach
- Avg Loss > Avg Win: Live signal shows avg profit of $1.39 vs avg loss of $4.31 (~3:1). The 97% win rate compensates heavily, but this is the structural risk — if the win rate degraded below ~80%, profitability would erode. The signal’s 29-week consistency provides confidence, but monitor this ratio over time
- Low Frequency by Design: 7 trades per week with 2-hour average holding time. The EA is out of the market ~89% of the time (11.3% trading activity). For traders who want constant action, this will feel slow. For traders who understand that restraint is the source of the 97% WR, this is the feature
- Overall: Goldwave is one of the strongest live-signal-validated Gold EAs on MQL5. 329% growth with 97% WR and 10.54 PF over 29 weeks — verified on IC Markets — is a track record that speaks for itself. The developer’s transparent philosophy, 16+ years of experience, one-position risk model, and 41-review community validation create a compelling total package. The main considerations are the avg loss > avg win dependency on high WR, the low trade frequency, and the fact that the WebRequest-based features mean you can’t verify the strategy via backtesting. For Gold traders who trust live results over historical curves, Goldwave delivers
Who Is Goldwave For?
Ideal for traders who:
- Trust live results over backtests — 29-week verified signal is the proof
- Want the safest risk model — one position at a time, no grid, no martingale
- Can accept low-frequency trading — ~7 trades per week with patient waiting periods
- Value developer transparency — 16+ years experience, honest about limitations
- Want community-validated products — 41 reviews, 57 purchases/month, 170 comments
Consider alternatives if you:
- Want daily trading activity — Goldwave trades ~7 times per week
- Need to verify via backtesting — WebRequest features can’t be Strategy Tested
- Are uncomfortable with avg loss > avg win — losses are ~3x winners (compensated by 97% WR)
Risk Disclaimer
Past performance does not guarantee future results. The 29-week live signal demonstrates historical performance on IC Markets and does not guarantee future profitability. Average losses are approximately 3x average wins — profitability depends on maintaining the 97% win rate. The EA uses WebRequest-based features that cannot be replicated in backtesting. Results may vary by broker, spread conditions, VPS environment, and execution quality. Always test on a demo account before live deployment. Do not trade with funds you cannot afford to lose.
What Do You Receive?
– Goldwave EA for MT5 – Latest Version
– Installed directly to your MT5(s) from the MQL5 marketplace
– Free lifetime updates (which you can download yourself)
– User manual and recommended settings
FAQs
What are the verified live signal results?
329% growth, 97% win rate, 10.54 profit factor over 8 months on IC Markets. $50 initial deposit grew to $214.62. 131 wins out of 135 trades. Verified on MQL5: Goldwave Signal
Why does the developer emphasize live results over backtests?
Goldwave uses AI-assisted adaptive logic and news filtering via WebRequest, which cannot be replicated in Strategy Tester. Backtest results differ from live trading and shouldn’t be the main evaluation reference. The live signal IS the proof.
Does it use grid or martingale?
No. Goldwave does NOT use grid, martingale, or averaging down. The EA opens only one position at a time, and each trade is handled independently with defined risk control.
What pair and timeframe?
XAUUSD (Gold) only. Attach EA to M1 chart (for faster signal detection), but the logic aggregates data from multiple timeframes (M15–H4) internally.
How often does it trade?
Low frequency — approximately 7 trades per week. Average holding time is 2 hours. Trading activity is 11.3%. The EA prioritizes trade quality over frequency.
What’s the profit factor on the live signal?
10.54 — exceptional for live trading. Most EAs show great profit factor in backtests but poor in live. Goldwave’s profit factor IS the live result.
What’s the recovery factor?
15.98 — demonstrates excellent ability to recover from drawdowns. Combined with max 58 consecutive wins and max 1 consecutive loss.
What’s the maximum drawdown?
15% on the live signal. Max deposit load is 10.5%. Controlled through dynamic risk management and one-position-at-a-time approach.
What leverage is used?
Live signal uses 1:500 on IC Markets. ECN/RAW spread brokers recommended for optimal execution.
What’s the minimum deposit?
$500 recommended. Lower balances may work but larger balances allow more flexibility in risk management during volatile periods.
Does it have a news filter?
Yes. Built-in news filter via WebRequest automatically avoids trading during high-impact economic events. This feature requires WebRequest to be enabled in MT5 settings.
What AI does it use?
AI-assisted, adaptive logic — rule-based algorithms that adapt to changing market conditions (price behavior, volatility). The AI filters out low-quality trades rather than generating random signals. Not a self-learning neural network.
What do MQL5 reviews say?
8 five-star reviews: “Best EA in the Market”, “it’s been closing only take-profits for me for a month”, “focuses on trend quality and strict risk control”. 45 purchases/month confirms market demand.
Who developed this EA?
Shengzu Zhong — 16+ years of real trading experience. Philosophy centers on capital protection, transparent logic, and realistic long-term returns rather than overfitted historical curves.
Is there support after purchase?
Yes. Clear setup instructions, user manual, recommended settings, and ongoing support via private channel. Contact developer after purchase for configuration guidance.
Peter Jones
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Frequently Asked Questions
Is this an official product?
Yes. This is activated directly from the developer's official MQL5 marketplace listing—guaranteed authentic.
Unlike downloadable files (which can be fake or cracked), this EA is installed through MQL5's one-click activation system, ensuring you get the real product with full functionality and instant automatic updates.
When you buy from us, you're getting the exact same lifetime license as buying directly from MQL5—just at a fraction of the price.
Are updates always free and instant?
Yes, product updates for this EA are always free and instant.
They can be downloaded from within the terminal from the marketplace.
Just go to the product listing and click "update" if there's one available.
How do I get this after paying?
Most activations are completed within 15-30 minutes of purchase.
Here's the simple process:
This is an official MQL5 product that must be activated directly from the marketplace—it cannot be downloaded as a standalone file.
Installation process:
1. After purchase, we'll schedule a quick activation session (usually within a few hours)
2. You grant us temporary access via UltraViewer or AnyDesk (takes ~2 minutes), OR provide temporary VPS credentials
3. We activate the EA on your MT5 terminal(s)
4. Done! The EA is permanently yours with instant updates from MQL5
The entire process is secure and takes about 2 minutes.
After activation, no further involvement from us is needed.
How does the 7-day refund policy work?
If you change your mind before we activate the official product in your MT5 terminal, you are eligible for a full refund. Absolutely no questions asked.
Once it has been activated and is working correctly, refunds are no longer available and our regular 7-day refund policy does not apply.
Once we've activated it for you, we can't take it back and it's yours permanently.
How long does activation take?
Usually within a few hours of purchase, but often much faster.
Immediately after purchase, you'll receive an instructional PDF explaining the simple activation process.
Don't worry—it's straightforward, and our refund policy applies anytime before we activate the EA on your terminal.
What if I reinstall MT5 or get a new computer?
Activations are tied to your hardware ID, not your MT5 installation.
Free reactivation if:
• You reinstall MT5 on the same computer
• You accidentally delete MT5
• Windows updates cause issues (this is rare)
• You reinstall Windows (sometimes this doesn't work, but we will always attempt it for you)
Reactivation NOT possible if:
• You get a new computer (different hardware)
• You upgrade major hardware components (motherboard, etc.)
Important: Treat your installation with care. If you're planning to reformat or upgrade hardware, contact us FIRST so we can assist you.
Contact [email protected] with your order number if you need help.
Why should I buy here?
Buying directly on MQL5 means paying full price upfront—often $500-$1,500—without knowing if the EA will work for you. If it doesn't perform or the developer abandons it, there's no refund.
At CheaperForex, you get the exact same official, lifetime-licensed copy for up to 70% less. Test it at a lower risk before committing full price elsewhere.
We've been trusted since 2019, and every EA is yours forever—no renewals, no expiry, no surprises. Smarter investing in trading tools.